The global demand for API Pipe Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
API pipe is a seamless, welded steel line pipe manufactured as per the American Petroleum Institute (API) specification standards. API pipes are used for pipeline transportation systems in the petroleum, natural gas, and water industries to convey oil, gas, water, and other liquefied media. They must satisfy the stringent chemical, mechanical properties, and testing requirements. They are subject to hydrostatic, bend, and flattening tests before being released into the market. Special attention is given to toughness, pressure, and temperature characteristics. Pipes of different grades, end types, surface finishes, chemical, and mechanical properties to meet the various challenges of all transmission environments are available. These pipes are packed using wooden cases to avoid rusting and damage.
The growing demand for steel pipes for onshore, offshore, and sour services will be the major trends leading to the API pipe market's growth. Rapid industrialization and the emerging applications for high yield steel pipes in infrastructure, fabrication, construction, and chemical industries will boost the market growth. Increased R & D investments to optimize the production of drill pipes and improve their overall material strength to meet the API specifications are projected to support this market's growth. Increased demand for more robust variants for drilling, production, and transport requirements in offshore, arctic, deep well, or harsher environments will be a market booster. High production costs are the primary restraining factor estimated to hamper the overall market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of API pipe.
The entire API Pipe market has been sub-categorized into type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Hot Roll
- Cold Roll
- Cold Drawn
- Transport Oil
- Transport Gas
This section covers regional segmentation which accentuates on current and future demand for API pipe market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global API Pipe Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the API pipe market include Iteco, Tubacero, IPP Group, Multi Metals India, EUROPIPE, MRC Global, Trio Steel, Omega Steel, Corpac Steel. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.