Stainless Steel Welded Pipe Market to receive overwhelming hike US$ 8.9 billion in Revenues by 2033: Exclusive Report by FMI

May 16, 2023

In recent years, the stainless steel welded pipe market has grown quickly. This growing trend is anticipated to continue due to increased demand from the construction and automotive industries. Petrochemical and fertiliser manufacturing, oil and gas production, as well as water supply and distribution, are additional industries that use stainless steel welded pipes. Positive sales growth has been made possible by stainless steel’s strong physical and chemical qualities, including high ductility, resilience to high temperature ranges, and corrosion resistance.

Stainless steel welded pipe sales increased at a 1.2% CAGR between 2016 and 2021, according to FMI. COVID-19 has caused significant output and supply disruption in all manufacturing industries across multiple regions. The pandemic has also reduced the annual growth rate of stainless steel and its derivatives, such as stainless steel welded pipes. Because of the covid-19 pandemic, the stainless steel welded pipe market has been severely impacted by a slowdown in non-essential item sales and a tightening of liquidity.

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Regional Analysis:

The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. Growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.

Competitive Landscape

The stainless steel welded pipe market is highly competitive, with the presence of a large number of players in the market. Some of the players are focusing on carving out a niche for specific consumers. The market has robust partnerships throughout the value chain, with high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing make it challenging for new entrants in this market. Through these developments, companies are aiming at gaining a competitive advantage.

Some of the leading companies operating in the market are:

Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd.

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Stainless Steel Welded Pipe Market

By Grade

By Application

By Outer Diameter

By Region

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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