DALLAS, March 28, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global industrial seamless steel pipe market looks promising with opportunities in the power generation, petrochemical, industrial plant processing, and automotive industries. The global industrial seamless steel pipe market is expected to reach an estimated $5.1 billion by 2024 with a CAGR of 1.7% from 2019 to 2024.
Browse 138 market data tables and 170 figures spread through 245 pages and in-depth TOC on “Global Industrial Seamless Steel Pipe Market" at https://www.lucintel.com/industrial-seamless-steel-pipe-market.aspx
In this market, different types of industrial seamless steel pipe such as hot finished seamless pipe and cold finished seamless pipe are used as process. On the basis of comprehensive research, Lucintel forecasts that hot finished seamless pipes will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of its low cost and high tolerance & crack resistance.
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APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the increasing urbanization, infrastructure development, and the continuous growth of the industrial sectors in this region.
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Emerging trends, which have a direct impact on the dynamics of the industrial seamless steel pipe industry, include increasing use of premium and technically advanced pipe by dopeless technology and increasing focus on pipe strength and durability with use of cold finished seamless pipes. Vallourec, Chelpipe, TMK, Tenaris, Baosteel, JFE Steel, US Steel, and TPCO and others are among the major industrial seamless steel pipe manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global industrial seamless steel pipe market by end use industry, process, diameter, pressure rating, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Industrial Seamless Steel Pipe Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com