Research Reports
Americas Steel Pipes Market Driven by Growing Oil & Gas Explorations : FMI Study
Published by Uma Rajagopal
Posted on January 12, 2022
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Published by Uma Rajagopal
Posted on January 12, 2022
The demand for steel pipes in the Americas has continued growing through 2020, despite challenges arising from the coronavirus pandemic. Rising public and private sector investments into the energy, oil & gas, and construction sectors are contributing to the rise of the industry. As per a new report by Future Market Insights, the sector is likely to reflect a steady upwards trajectory between 2020 and 2030. Analysts from FMI have indicated the oil & gas sector applications are projected to be the primary revenue source, especially with the discovery of unconventional sources and processes such as shale and fracking.
The Americas steel pipes market is likely to reflect steady, but moderate growth, with growth in niche end use sectors such as mining and automotive production. On the other hand, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, in addition to high costs associated to the production and installation of steel fixtures.
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-12656
The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:
“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12656
Covid-19 Impact on Americas Steel Pipes Market
The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.
End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.
The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.
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.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12656
Explore FMI’s Extensive Coverage on Industrial Automation Domain
Wear Plates Market The global wear plate market is expected to register year-on-year growth of 5.1% in 2021, reaching US$ 6.9 Bn by the end of 2021. Wear plates are used in a variety of end-use sectors to assure the long-term safety of the equipment.
Gaskets and Seals Market The global gaskets and seals market is anticipated to hold a market value of USD 102 Bn by 2026, while recording a CAGR of 5.4% during the assessment period.
Dust Extractors Market Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/americas-steel-pipes-market
Press Release Source: https://www.futuremarketinsights.com/press-release/americas-steel-pipes-market
The demand for steel pipes in the Americas has continued growing through 2020, despite challenges arising from the coronavirus pandemic. Rising public and private sector investments into the energy, oil & gas, and construction sectors are contributing to the rise of the industry. As per a new report by Future Market Insights, the sector is likely to reflect a steady upwards trajectory between 2020 and 2030. Analysts from FMI have indicated the oil & gas sector applications are projected to be the primary revenue source, especially with the discovery of unconventional sources and processes such as shale and fracking.
The Americas steel pipes market is likely to reflect steady, but moderate growth, with growth in niche end use sectors such as mining and automotive production. On the other hand, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, in addition to high costs associated to the production and installation of steel fixtures.
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-12656
The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:
“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12656
Covid-19 Impact on Americas Steel Pipes Market
The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.
End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.
The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.
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.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12656
Explore FMI’s Extensive Coverage on Industrial Automation Domain
Wear Plates Market The global wear plate market is expected to register year-on-year growth of 5.1% in 2021, reaching US$ 6.9 Bn by the end of 2021. Wear plates are used in a variety of end-use sectors to assure the long-term safety of the equipment.
Gaskets and Seals Market The global gaskets and seals market is anticipated to hold a market value of USD 102 Bn by 2026, while recording a CAGR of 5.4% during the assessment period.
Dust Extractors Market Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/americas-steel-pipes-market
Press Release Source: https://www.futuremarketinsights.com/press-release/americas-steel-pipes-market