The market for stainless steel welded pipes was projected to reach US$ 2.8 billion in 2022. Sales have increased favourably thanks to the outstanding physical and chemical qualities of stainless steel, such as its high ductility, resilience to high temperatures, and corrosion resistance. This has led to an estimated total of US$ 8.9 billion by 2033, with a forecasted CAGR of 4.7% from 2023 to 2033.
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.
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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.
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.
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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.
The key players in this market include:
- 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
- CSM TUBE spa
- 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
- 300 Series
- 304, 304L & 304H
- 309 & 310S
- 316, 316L, 316H, 316TI
- 321/321H
- 347/347H
- 400 Series
- 409
- 410/410S
- 900 Series
- Nickel Alloy Grade
- Duplex 2205
- Duplex 2207
By Application
- Construction
- Automotive
- Water Supply and Distribution
- Oil and Gas
- Petrochemical and Fertilizers
- Power Generation
- Others
By Outer Diameter
- 4 – 36mm
- 36 – 60 mm
- 61 – 150 mm
- 151 – 500 mm
- 500 – 1000 mm
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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