Spiral Submerged Arc Welded (SSAW) Steel Pipe is suitable for transporting large quantities of oil and gas. Here is a article of Spiral Submerged Arc Welded Pipe Market Analysis. Read on to learn more.
Why is the demand in the USA spiral submerged arc welded pipe market rising?
- Emergence of mature market players will boost the growth of the USA bicycle power meter market
The global spiral submerged arc welded pipe market is expected to be dominated by North America. The market is expected to expand at a cagr of 3.2% and is expected to accumulate a market value of US$500 million during the forecast period.
The United States and Canada are lucrative markets for spiral submerged arc welded pipes in North America. The market in this region is growing steadily owing to increasing demand from the oil and gas industry and infrastructure development projects such as wastewater treatment and water pipelines.
The USA market remains optimistic due to the developed oil and gas industry, which accounts for a large share of the demand for spiral submerged arc welded pipes.
The United States remains one of the lucrative markets for spiral submerged arc welded pipes throughout the forecast period due to the presence of several established players in the region.
Will the UK continue to show high demand for spiral submerged arc welded pipes?
- Increase applications in various industries to drive growth in the UK market
Spiral submerged arc welded pipe sales in the UK will maintain steady growth at a cagr of 2.9%, and the market value is expected to reach US$150 million by the end of the forecast period.
Rising demand for energy and infrastructure development is likely to drive market growth in this region. The UK government has made significant investments in the country's infrastructure, especially in the energy sector, which has increased the demand for spiral submerged arc welded pipes.
The increasing application of spiral submerged arc welded pipes in oil and gas pipelines, water supply pipelines, and other infrastructure projects is driving the growth of the UK market.
How will Indonesia's spiral submerged arc welded pipe market expand?
- A large number of oil and gas exploration and production activities drive Indonesia market growth
The Asia-Pacific region witnessed the highest demand for spiral submerged arc welded pipes in 2022 and is expected to remain the largest consumer group in the coming years. During the assessment period, Indonesia's spiral submerged arc welded pipe market is expected to grow at a compound annual growth rate of 4.2%.
The growth of the Indonesia market is attributed to growth in the construction industry, infrastructure investments and government initiatives. The presence of various chemical and other industries in the region is likely to drive the growth of the Indonesia market.
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