Dublin, Feb. 10, 2020 (GLOBE NEWSWIRE) -- The "Steel Pipe Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering. The global steel pipe market is expected to reach an estimated $68.4 billion by 2024 with a CAGR of 1.6% from 2019 to 2024.The future of the market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sector. The major drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.Emerging trends which have a direct impact on the dynamics of the steel pipe industry include the increasing use of premium and technically advanced pipe by using dopeless technology and increasing use of multilayer pipes for strength and durability.The study includes the steel pipe market size and forecast for the steel pipe market through 2024, segmented by product, end use, material, diameter, pressure ratings, and region.The analyst forecasts that carbon steel pipe is expected to remain the largest segment over the forecast period due to increasing demand for carbon steel pipes due to growth in oil and gas, power generation and automotive industries. The analyst projects that by material, stainless steel pipe will witness the highest growth during the forecast period because stainless steel offers high tensile strength, pressure resistance, and corrosion resistance.Within the steel pipe market, oil and gas will remain the largest end use segment during the forecast period due to rising oil and gas exploration, which also leads to more pipes needed for production, transportation, and distribution infrastructure of oil and gas.North America will remain the largest region due to increase in oil and gas exploration activities. APAC is expected to witness the highest growth over the forecast period due to increasing infrastructure development, urbanization and government economic stimulus measures in this region.Some of the steel pipes companies profiled in this report include Tenaris, Vallourec, TMK, ArcelorMittal, Nippon Steel and Sumitomo Metals, United States Steel Corporation, Chelpipe, Tata Steel and others.Some features of the report include:

This report addresses the following key questions: Q.1. What are some of the most promising, high growth opportunities for the steel pipe market by end use (oil and gas, automotive, potable water, wastewater, power generation, and others), product (seamless pipe and welded pipe), material (carbon steel, stainless steel, and others), diameter (small diameter pipes (up to 15 inches) and large diameter pipes (15 inches and above), pressure rating (0-300 psi, >300-1000 psi, >1000-3000 psi, and 3000 and above psi) and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which products segments will grow at a faster pace and why?Q.3. Which region will grow at a faster pace and why?Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this steel pipe market?Q.5. What are the business risks and competitive threats in this steel pipe market?Q.6. What are the emerging trends in this steel pipe market and the reasons behind them?Q.7. What are some of the changing demands of customers in the steel pipe market?Q.8. What are the new developments in the steel pipe market and which companies are leading these developments?Q.9. Who are the major players in this steel pipe market? What strategic initiatives are being initiated by key companies for business growth?Q.10. What are some of the competing products in this steel pipe market and how big of a threat do they pose for loss of market share by product substitution?Q.11. What M&A activity has occurred in the last 5 years in the steel pipe market?Key Topics Covered 1. Executive Summary2. Market Background and Classifications2.1: Introduction, Background, and Classifications2.2: Supply Chain2.3: Industry Drivers and Challenges3. Market Trends and Forecast Analysis from 2013 to 20243.1: Macroeconomic Trends and Forecast3.2: Global Steel Pipe Market Trends and Forecast3.3: Global Steel Pipe Market by Material3.4: Global Steel Pipe Market by Product 3.4.1: Seamless Pipes3.4.2: Welded Pipes3.5: Global Steel Pipe Market by Application 3.5.1: Automotive3.5.2: Oil and Gas3.5.3: Potable Water3.5.4: Wastewater3.5.5: Power Generation3.5.6: Others3.6: Global Steel Pipe Market by Diameter3.6.1: Small Diameter Pipes3.6.2: Large Diameter Pipes 3.7: Global Steel Pipe Market by Pressure Rating3.7.1: 0-300 psi Pressure Pipes3.7.2: 300-1000 Pressure Pipes3.7.3: 1,000-3,000 psi Pressure Pipes3.7.4: 3,000 and Above psi Pressure Pipes4. Market Trends and Forecast Analysis by Region4.1: Global Steel Pipe Market by Region4.2: North American Steel Pipe Market4.2.1: Market by Product: Seamless Steel Pipes and Welded Steel Pipes4.2.2: Market by Application: Automotive, Oil and Gas, Potable Water, Wastewater, Power Generation, and Others4.2.3: Market by Diameter: Small Diameter Pipes and Large Diameter Pipes4.2.4: Market by Pressure Rating: Less than 300 pressure pipes, 300-1,000 pressure pipes, 1000- 3,000 pressure pipes, and more than 3,000 pressure pipes4.2.5: The US Steel Pipe Market4.2.6: Canadian Metal Pipe Market4.2.7: Mexican Steel Pipe Market4.3: European Steel Pipe Market4.4: APAC Steel Pipe Market4.5: RoW Steel Pipe Market5. Competitor Analysis5.1: Product Portfolio Analysis5.2: Market Share Analysis5.3: Operational Integration5.4: Geographical Reach5.5: Porter's Five Forces Analysis6. Cost Structure Analysis 6.1: Raw Material Cost6.2: Other Expenses6.3 COGS 6.4: SG&A6.5: EBITDA Margin7. Growth Opportunities and Strategic Analysis7.1: Growth Opportunity Analysis7.1.1: Growth Opportunities for the Global Steel Pipe Market by Product7.1.2: Growth Opportunities for the Global Steel Pipe Market by Application7.1.3: Growth Opportunities for the Global Steel Pipe Market by Diameter7.1.4: Growth Opportunities for the Global Steel Pipe Market by Pressure Rating7.1.5: Growth Opportunities for the Global Steel Pipe Market by Region 7.2: Emerging Trends in the Global Steel Pipe Market7.3: Strategic Analysis7.3.1: New Product Development7.3.2: Capacity Expansion of the Global Steel Pipe Market7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Steel Pipe Market7.3.4: Certification and Licensing8. Company Profiles of Leading Players8.1: Tenaris S.A. 8.2: Vallourec S.A.8.3: TMK Group8.4: Compagnie de Saint-Gobain S.A. 8.5: ArcelorMittal S.A.8.6: Nippon Steel and Sumitomo Metal8.7: United States Steel Corporation 8.8: Muller Industries Inc. 8.9: Narsk Hydro ASA8.10: Northwest Pipe Company8.11: ChelPipe8.12: Baosteel Group Corporation8.13: JFE Steel Corporation For more information about this report visit https://www.researchandmarkets.com/r/ee0hgw

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