According to the latest report from U.S. Global Industry Analysis Corporation (GIA), with the prosperity of the oil and gas industry and the construction industry and the increase in infrastructure development projects, the global steel pipe market demand is expected to reach 151 million tons by 2017. Steady growth in emerging market economies such as the Asia Pacific region and Latin America, and the consequent increase in end-user industry demand will also boost demand for steel pipes.
The dynamics of the steel tube industry are closely related to the development of the construction industry, the oil and gas industry, and the progress of infrastructure development projects. Economic development and industrialization are the main driving forces for growth in the global steel pipe market. Steel pipes are mainly used in oil and gas exploration, non-residential and residential construction, consumer goods manufacturing, highways and agriculture. During the economic recession, the steel pipe and non-ferrous metal pipe market experienced a sharp contraction, steel, stainless steel, metal substrates and other steel The industry has also shown a declining trend. With the recovery of the global economy, the growth in demand of various end-user industries, especially emerging markets, is expected to rebound.
In the global steel pipe market demand, the Asia-Pacific region and the European region accounted for the largest share. The Asia-Pacific and Latin American markets experienced the fastest growth. Among them, China, India and other Asian countries experienced steady economic growth mainly due to the large population base and large-scale infrastructure investment. promote. Steady economic growth, rapid increase in population, and improvement in living standards will in turn boost the increase in the demand for oil and natural gas, coupled with the gradual rise in oil and natural gas prices to support exploration activities. These factors will surely pull oil pipelines. The increase in demand. In addition, the increase in investment in energy security by governments in all countries is expected to bring about stable demand. In developing countries, the demand for steel pipes generated by the replacement of existing pipeline systems for more than 25 years will be required.
The dynamics of the steel tube industry are closely related to the development of the construction industry, the oil and gas industry, and the progress of infrastructure development projects. Economic development and industrialization are the main driving forces for growth in the global steel pipe market. Steel pipes are mainly used in oil and gas exploration, non-residential and residential construction, consumer goods manufacturing, highways and agriculture. During the economic recession, the steel pipe and non-ferrous metal pipe market experienced a sharp contraction, steel, stainless steel, metal substrates and other steel The industry has also shown a declining trend. With the recovery of the global economy, the growth in demand of various end-user industries, especially emerging markets, is expected to rebound.
In the global steel pipe market demand, the Asia-Pacific region and the European region accounted for the largest share. The Asia-Pacific and Latin American markets experienced the fastest growth. Among them, China, India and other Asian countries experienced steady economic growth mainly due to the large population base and large-scale infrastructure investment. promote. Steady economic growth, rapid increase in population, and improvement in living standards will in turn boost the increase in the demand for oil and natural gas, coupled with the gradual rise in oil and natural gas prices to support exploration activities. These factors will surely pull oil pipelines. The increase in demand. In addition, the increase in investment in energy security by governments in all countries is expected to bring about stable demand. In developing countries, the demand for steel pipes generated by the replacement of existing pipeline systems for more than 25 years will be required.
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