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DUBLIN, September 17, 2021 / PRNewswire / – The “Global Stainless Steel Pipe and Tubing Market 2021-2026” report was added to ResearchAndMarkets.com offer.
The global stainless steel pipe and tubing market has been valued at $ 28.98 billion in the year 2020.
The COVID-19 outbreak has affected the global economy of various sectors including the oil and gas, manufacturing, automotive and power generation industries in several ways. The COVID-19 pandemic has disrupted the steel industry’s supply chain and negatively influenced the industry’s exploration and production activities. The current COVID-19 pandemic has caused a sudden and sharp drop in economic activity and steel consumption globally.
Growing demand for energy, vehicle production and increased construction activity in emerging economies are expected to drive demand for stainless steel pipe and tubing. Meanwhile, demand is offset by the economic slowdown in developed regions which is expected to persist for a few more years.
In addition, increasing efforts by companies to boost oil and gas production from mature fields are expected to further drive the market growth. In addition, increased spending in upstream and operating activities of integrated oil companies and national oil companies increases the need for stainless steel pipe and tubing in the industry, which in turn stimulates demand. market demand.
Manufacturers in the stainless steel pipe market wish to produce stainless steel welded pipe suitable for specific industries. Major players in the stainless steel welded pipe market have stepped up research and development efforts to meet the specialized needs of these end-use industries. Such a strategy could help catapult them to a highly competitive platform in the near future.
Scope of the report:
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The report analyzes the Stainless Steel Pipe and Tubing Market in Value (USD Million).
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The report analyzes the Stainless Steel Pipe and Tubing market by volume (Million Tons).
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The report presents the analysis of the Stainless Steel Pipe and Tubing market for the historical period of 2016-2020 and the forecast period of 2021-2026.
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The report analyzes the Stainless Steel Pipe and Tubing market by product type (welded, seamless).
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The report analyzes the Stainless Steel Pipe and Tubing Market by End User (Automotive, Industrial & Power, Oil & Gas, Civil Construction, Water & Wastewater, Others).
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The Global Stainless Steel Pipe and Tubing Market has been analyzed by country (United States, Canada, Mexico, Germany, France, Italy, China, India, Japan, South Korea).
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The main ideas of the report were presented through the frameworks of SWOT and Porter’s Five Forces Analysis. In addition, the attractiveness of the market was presented by region, by type of product, by end user.
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In addition, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
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The report tracks competitive developments, strategies, mergers and acquisitions, and new product development.
Companies analyzed in the report include
For more information on this report, visit https://www.researchandmarkets.com/r/eczkoc
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Show original content:https://www.prnewswire.com/news-releases/global-28-98-bn-stainless-steel-pipes-and-tubes-markets-to-2026–301379476.html
SOURCE Research and Markets
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