October 31, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global ERW Steel Pipes and Tubes Market (Value, Volume): Analysis by Application Sector, By Size (Large Diameter - Above 6-inch dia, Small Diameter? Below 6-inch dia), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)’, the worldwide ERW steel pipes and tube market is expected to register 5.2% CAGR over 2019-2024.
ERW (Electric Resistance Welding) is one of the processes of producing welded metal pipes. This process is used to produce tubes and pipes with reduced wall thickness. Growing demand for ERW pipes and tubes in extensive and automotive use of these pipes and tubes in building & construction industry are boosting the market growth.
ERW steel pipes and tubes market is mainly driven by increasing urbanization and major number of initiatives taken by the governments in emerging countries for the development of construction sector. Furthermore, significant players are developing long lasting and more reliable products which could allow more stress and have more strength. However, threat of substitution from seamless pipes is anticipated to hinder the growth of ERW steel pipes and tubes market over the forecast timeframe.
As per the research, ERW steel and pipes market is anticipated to accumulate substantial gains by the end of the year 2024. This research offers a comprehensive insight about segmental growth, trends, drivers, challenges, opportunities impacting the market growth.
The worldwide ERW steel and pipes market is examined in the basis of size, application spectrum and regional outlook. Speaking of application spectrum, the market is fragmented as hydrocarbon process, boiler & heat exchanger, oil & gas, general engineering, irrigation & water treatment, plumbing-HVAC -fire- fighting, automotive, structural, and others.
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Based on size, the market is segmented as large diameter and small diameter. While, considering the regional outlook, the market is bifurcated into four main regions which are Europe, America, Asia Pacific and rest of the world.
The prominent companies operating in ERW steel and pipes market include Maharashtra Seamless Ltd., Arcelor Mittal, Welspun Corp., NSSMC Corporation, TENARIS, JFE Steel Corporation, EVRAZ, United Steel Corp., APL Apollo, and Tata Steel Group.
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