The worldwide steel pipes market originating from America is poised for robust growth, with a projected market value reaching USD 24.8 million by 2023 and further expanding to USD 35.3 million by 2033. This anticipated growth trajectory is underpinned by a Compound Annual Growth Rate (CAGR) of 3.6%, signifying sustained positive momentum throughout the forecast period.
The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche sectors such as mining and automotive production. The Americas steel pipes market is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures.
The oil and gas industry applications are anticipated to be the main source of income, especially with the discovery of unconventional sources and techniques like shale and fracking, according to analysts from FMI.
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A Spectrum of Steel Pipe Solutions: Catering to Diverse Needs
The Americas Steel Pipes Market offers a variety of options to suit specific project requirements and applications:
- Seamless Steel Pipes: These pipes are manufactured from a single solid steel block, offering superior strength and are often used in high-pressure applications.
- Electric Resistance Welded (ERW) Pipes: These pipes are formed from steel coils and welded using electric current, offering a cost-effective option for various applications.
- Large Diameter Steel Pipes (LDSP): These massive pipes are used for major oil and gas pipelines, requiring specialized manufacturing processes and transportation considerations.
- Coated and Lined Steel Pipes: For applications involving corrosive fluids or those requiring enhanced flow properties, steel pipes can be coated with special materials like epoxy or lined with plastic materials.
Who is Winning?
In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.
Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.
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Key Segments
Material type:
- Carbon Steel
- Alloy Steel
- Stainless Steel
End Use:
- Construction
- Residential & Commercial
- Civic Infrastructure
- Mining
- Municipal Water Supply and Treatment Utilities
- Industrial
- Automotive
- Chemicals & Petrochemicals
- Oil & Gas Pipelines
- Power Generation
- Others (textile, pharmaceuticals)
Design:
- Seamless
- Welded
- SAW
- ERW
Country:
- Brazil
- Argentina
- Mexico
- Canada
- U.S