Market Research Report
Global Stainless Steel Pipes and Tubes Market (Value, Volume) - Analysis By Product Type (Welded, Seamless), End User, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)
|Global Stainless Steel Pipes and Tubes Market (Value, Volume) - Analysis By Product Type (Welded, Seamless), End User, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)|
Published: August 31, 2021
Content info: 260 Pages
Delivery time: 2-3 business days
The Global Stainless-Steel Pipes and Tubes Market was valued at USD 28.98 billion in the year 2020. The outbreak of the COVID-19 has affected the global economy and various sectors, including the oil & gas, manufacturing, automotive, and power generation industries in multiple ways. The COVID-19 pandemic has disrupted the supply chain of the steel industry and has negatively influenced the manufacturing and logistics activities in the industry. The current COVID-19 pandemic caused a sudden and sharp decline in economic activity and steel consumption globally.
Increasing energy demand, vehicle production and rise in construction activities in emerging economies is expected to boost the demand of stainless-steel pipes and tubes. Meanwhile, the demand is offset by the economic slowdown in developed regions which is anticipated to remain for further few years.
Manufacturers in the stainless-steel pipes market are keen on producing stainless steel welded pipes that are tailored for specific industries. Top players in in the stainless-steel welded pipes market have ramped up their research and development efforts to cater to specialised needs of these end-use industries. These strategies might help catapult them to a highly competitive pedestal in near future.