DUBLIN, March 09, 2023 (GLOBE NEWSWIRE) — GCC Stainless Steel Pipe Market – By Value & Volume, Product Type (Seamless, ERW, HSAW, LSAW), Application, By Country (Saudi Arabia, UAE, Kuwait, Qatar, Oman, Bahrain: Market Size, Analytics, Competition, Covid-19 Impact and Forecast (2023-2028)” has been added to ResearchAndMarkets.com’s offer. GCC Stainless Steel Pipe market is valued at $1,671.32 million in 2021 and is projected to have a CAGR of 5.38% over the 2023-2028 forecast period. The report provides an analysis of the GCC Stainless Steel Pipe market for the historical period 2018-2021, the base year 2022 and the forecast period 2023-2028. The drivers of the stainless steel pipe market include its performance, increased infrastructure spending due to GDP growth, and large oil reserves in the region. GCC countries account for 25% of crude oil production, according to an OPEC analysis. The total proven crude oil reserves in the GCC countries are 497 billion barrels, which is about 34% of the world’s estimated proven crude oil reserves. The growing demand and production of oil and gas in the region in recent years has led to the implementation of several seamless pipeline projects and a reduction in the carbon footprint of up to 40%. Seamless stainless steel tubing is available in sizes and wall thicknesses from 1/8″ to 26″ OD for high pressure applications in the oil and gas, hydrocarbon and refinery industries. Currently, the value of stainless steel pipes exceeds $2.3 trillion. Planned and unsuccessful projects in the GCC are known. Demand for stainless steel pipes is expected to continue to rise after the COVID-19 pandemic thanks to the booming construction sector in the GCC market due to increased investment in mega-projects in Saudi Arabia and the UAE. Among the GCC countries, Saudi Arabia is the leader in steel production. In the Kingdom of Neom (the flagship project of the kingdom), the Red Sea project and Qiddiya (the entertainment capital) are among the key mega-projects that form the infrastructure and construction roadmap. For example, Saudi Vision 2030, the government’s plan to reduce the country’s dependence on oil and diversify the economy through massive investment, is providing Al Jazeera, Rezayat Group and other steel companies with strong demand for stainless steel pipes. In addition, a large number of projects are underway in Qatar, Kuwait and Bahrain, including oil and gas expansion, new residential and commercial developments, upgrades to transportation, energy and water systems, and major industrial developments. For example, MAN Industries (India) Ltd. received a $209 million order from Kuwait to supply 170,000 tons of HSAW and LSAW pipelines to the Gulf countries. In this way, manufacturers can meet different needs by using different alloy mixing ratios and offering different shapes for different purposes. The report tracks competitive developments, strategy, mergers and acquisitions, and new product development. 1. Market Background 1.1 Product Scope and Prospects 1.2 Overview 1.3 Research Methodology 2. Policy Recommendations 3. Global Stainless Steel Pipe: History and Forecast 3.1 Global Stainless Steel Pipe: Market Value Estimation 4. GCC Stainless Steel Pipe: history and forecast (2018-2028) 4.1 Analysis of the impact of macroeconomic factors on stainless steel pipes 4.2 GCC stainless steel pipes: ecosystem analysis 4.2.1 Stainless steel and its composition 4.2.2 Production of crude oil and direct reduced iron in the GCC by Country 4.2.3 GCC Trade Scenario, Saudi Arabia 4.2.4 GCC Trade Scenario, UAE 4.2.5 GCC Trade Scenario, Qatar 4.2.6 GCC Trade Scenario, Kuwait 4.2.7 GCC Trade Scenario, Oman 4.3 Pipes and Tubing GCC Stainless Steel Dashboard 4.4 GCC Stainless Steel Pipe: Market Size and Compound Annual Growth Rate, 2018-2028 (USD million and CAGR) 4.5 GCC Stainless Steel Pipe Market Size and CAGR, 2018-2028 (million tonnes and CAGR) 4.6 Stainless Steel Pipe Analysis of Average Selling Price (USD/tonne) 4.7 Impact of COVID-19 on Stainless Steel Pipe5. GCC Stainless Steel Tubing Regional Analysis (2018-2028) 5.1 Regional Overview 5.2 GCC Stainless Steel Tubing Regional Overview6. Market dynamics 6.1 Assessing the impact of market dynamics 6.2 Drivers 6.3 Constraints 6.4 Trends7. Industry Ecosystem Analysis 7.1 Macroeconomic Factor Assessment 7.2 Value Chain Analysis 7.3 Porter Analysis 8. Competitive Positioning 8.1 Company Product Positioning 8.2 Market Position Matrix 8.3 Stainless Steel Pipe Market Share Analysis 8.4 Company Profile
Post time: Jun-29-2023