Report Code: A16781 | Pages: NA | Jul 2023 | 1367 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Welded Pipes Market
Request Now !The global welded pipes market is experiencing a significant growth and is expected to grow considerably in next few years. Industries such as pharmaceutical, thermal powerplants, manufacturing and food and beverage processing use a wide range of liquids such as chemicals, water, and fuel. Thus, pipes play an important role in the transport of fluids in a quick and efficient manner. Thus, a wide range of pipes are extensively used in industries. Welding is used to join two pieces of pipe together and form the required pipe network. Though the welded pipes have a low-pressure capability, they have many advantages over the seam-less type pipe. A welded pipe is relatively inexpensive, and are available in long continuous lengths due to their special manufacturing process. Due to these features these pipes are high in demand in the industries, such as, oil & gas, power generation, infrastructure & construction, automotive, and mechanical & engineering. Moreover, the ready availability of these pipes is aiding boost in the demand of welded pipes market. Major players in the welded pipes industry adopt advanced technologies to increase the pressure capacity and durability of the pipes to sustain the competition in the welded pipes market.
Market Scope and Structure Analysis
Description
Welded pipes are same as any other ordinary pipe, the only difference is how they are manufactured. Welded pipe is manufactured by rolling a cold-formed metal sheet which is welded in a shape of pipe. The type of welding such as spiral or straight, which is to be incorporated in the manufacturing of these pipes, extensively depends on their applications. Further, these pipes can be made with any metal that is malleable and weldable, but steel is the preferred metal among them owing to its strength and durability.
COVID-19 Impact Analysis
Top Impacting Factors
Increase in population, improvement in financial status of public in general and rapid industrialization & urbanization in the developing countries such as India, China, and Brazil are expected to boost the welded pipes market. The increase in private-public partnerships (PPPs) to promote infrastructural development is one of the important driving factors for the welded pipes market. In countries such as Pakistan and India a greater investment can be seen on oil & gas pipelines as the countries’ hunger for energy is increase in; thereby, driving the demand and growth of welded pipes market. Moreover, the lower cost of the welded pipes then its counterpart seamless pipes is a major driving factor for increase in demand in welded pipes market.
However, the lower pressure handling capacity of welded pipes when compared to seamless pipes is one of the restraining factors hindering the growth of welded pipes market. On the contrary, technological developments in welded pipes technology such as latest innovations in welding technology and metallurgy boost the efficiency of the equipment, result in lower number of failures during pressure testing. This is expected to create lucrative opportunities for the welded pipes market growth during the forecast period.
Market Trends
Key Benefits of the Report
Welded Pipes Market Report Highlights
Aspects | Details |
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By Metal Type |
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By Welding Type |
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By Product Type |
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By End-user Industry |
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By Region |
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