SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Oil and Gas Pipes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1008
Companies: 47 - Players covered include Aliaxis Group SA/NV; American Cast Iron Pipe Company; ArcelorMittal; China Steel Corporation; JFE Holdings, Inc.; JSW Steel Ltd.; Metalurgica Gerdau SA; Mexichem SAB De CV; Tenaris SA; Valourec S.A. and Others.
Coverage: All major geographies and key segments
Segments: Application (External Transportation & Distribution, Internal Process); End-Use (Onshore Activities, Offshore Activities); Material (Stainless Steel, PVC, HDPE, Other Materials)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Oil and Gas Pipes Market to Reach $4.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Oil and Gas Pipes estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. Stainless Steel, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the PVC segment is readjusted to a revised 3.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $919.2 Million in 2021, While China is Forecast to Reach $845.3 Million by 2026
The Oil and Gas Pipes market in the U.S. is estimated at US$919.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$845.3 Million by the year 2026 trailing a CAGR of 6.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
HDPE Segment to Reach US$1.1 Billion by the year 2026
In the global HDPE segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$694.1 Million in the year 2020 will reach a projected size of US$850.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.