Dublin, June 14, 2023 (GLOBE NEWSWIRE) -- The "Oil and Gas Pipes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Oil and Gas Pipes Market to Reach $115.4 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Oil and Gas Pipes estimated at US$66.4 Billion in the year 2022, is projected to reach a revised size of US$115.4 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030. Stainless Steel, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$46.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hdpe segment is readjusted to a revised 7.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $16.7 Billion, While China is Forecast to Grow at 8.5% CAGR
The Oil and Gas Pipes market in the U.S. is estimated at US$16.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$25.4 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.8 Billion by the year 2030.
Select Competitors (Total 73 Featured)-
- Chevron Corporation
- BP PLC
- ConocoPhillips Company
- China National Petroleum Corporation (CNPC)
- Baker Hughes Company
- Borealis AG
- American Cast Iron Pipe Company
- American Piping Products, Inc.
- China Steel Corporation (CSC)
- ArcelorMittal SA (Luxembourg)
- Chemical Process Piping Pvt. Ltd.
- Arabian Pipes Company
- Abu Dhabi Metal Pipes & Profiles Industries Complex L. L. C
- China Metallurgical Information and Standardization Institute (CMISI)
- CEF Group
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 582 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $66.4 Billion |
| Forecasted Market Value (USD) by 2030 | $115.4 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/1n6kt9
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