5/3/2023 0 Comments Download secure pipes![]() Market Definition / Scope / Limitationsģ.11. Executive Summary | Americas Steel Pipes MarketĢ.2. Buy Now to gain access to detailed information about each segment: ġ. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Municipal Water Supply and Treatment Utilities However, the Saint Paul plant may suffer substantial downsizing due to idling operations.įuture Market Insights, Inc., Tuesday, March 28, 2023, Press release pictureĪmericas Steel Pipes Market Segmentation by Category Also, SKF has been a partner in improving the productivity of the company's Brazilian facilities and reducing downtime. Gerdau S/A has announced the reopening of its Ouro Branco plant in Minas Gerais in South Eastern Brazil, adding 1.5 million tons annually. In addition, the company has acquired IPSCO Tubulars, a Houston-based pipe manufacturer with a value of nearly 1.1 billion. Due to the sharp decline in oil prices, layoffs are being made, and equipment is being idled, including at facilities in Koppel and Ambridge. Tenaris has announced its intention to scale back operations at its melt facilities. ![]() Additionally, the company plans to unveil new electric arc furnaces and hot dip galvanizing lines at its Calvert, Alabama, operations. Several prominent companies dominate this market, including American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz Plc, Nippon Steel & Sumitomo Metal Corporation, JFE Holdings Corporation, Hyundai Steel Company, TMK Group, United States Steel, Tata Iron and Steel, VALLOUREC, Nucor Corporation, Zekelman Industries, and others.Īs steel manufacturers seek to diversify and consolidate their market presence, ArcelorMittal divested its United States assets to Cleveland Cliffs Inc. In terms of finished steel, Brazil is the only country that has maintained a surplus of trade, accounting for almost half of the market share in the region and 8.7% of the global market. In the oil and gas industries, particularly in the construction and mining sectors, the demand for this material is estimated to outpace that of the construction and mining sectors by 2033. Over 70.4% of the market share is projected to be accounted for by the United States market for steel pipes. says a lead analyst at Future Market Insights.Īmerica's steel pipes market is expected to secure a CAGR of 3.6% over the forecast period. It is the oil and gas industry where steel pipes and tubes find their great use. At the same time, Brazil has relatively positive prospects due to changes in government policy.Īn increase in oil and gas production to meet the transportation sector's needs is one of the key factors driving the Americas steel pipe market's expansion. A vast economy characterized by steady growth in recent years could remain an important market for steel pipes in the Americas. ![]() The market size of steel pipes in America is expected to grow significantly during the forecast period. In particular, oil and gas companies are investing in onshore and offshore applications. It is evident from investments into onshore and offshore applications, particularly in the United States and Brazil, that steel pipes are notably gaining traction in several end-use sectors, including construction, mining, water treatment, and industrial applications.ĭownload a sample to obtain additional highlights and key points on various market segments and their impact in the coming years: Compared to other steel pipe variants, carbon steel pipe products are easy to access and shock resistant, contributing significantly to the market revenue. Steel pipes can be divided into alloys, carbons, and stainless steel. It has become increasingly significant that steel pipes are used for water supply, sewage, automotive, and oil and gas infrastructure. In a detailed industry analysis, global America's steel pipes market is projected to expand at a CAGR of 3.6% and reach US$ 35.3 million by 2033. NEWARK, DE / ACCESSWIRE / Ma/ According to estimates, America's steel pipes sales are likely to reach US$ 24.8 million in 2023.
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