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MEA & Australia Steel Pipe Market Forecast 2020-2027 MEA & Australia Steel Pipe Market Forecast 2020-2027

MEA & Australia Steel Pipe Market Forecast 2020-2027 - PowerPoint Presentation

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Uploaded On 2021-08-18

MEA & Australia Steel Pipe Market Forecast 2020-2027 - PPT Presentation

The MEA Australia steel pipe market was USD 292150 million in 2020 which is anticipated to reach the valuation of USD 387194 million by 2027 growing at a CAGR of 45duringthe forecast period ID: 865954

Steel Pipe Market

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Slide1

MEA & Australia Steel Pipe Market By Type, Trend Analysis, Market Share & Forecast, 2020-2027

Slide2

Industry Trends & Forecast Report 2027The MEA & Australia steel pipe market was USD 29,215.0 million in 2020 which is anticipated to reach the valuation of USD 38,719.4 million by 2027 growing at a CAGR of 4.5%duringthe forecast period. The growth of the MEA & Australia steel pipe market is mostly due to the increased use of seamless pipes in the oil and gas industry, where they perform immaculately at high pressures and temperatures. In the Middle East region, the seamless pipes market is expected to remain dominant due to the new developments taking place in the oil & gas industry and oil & gas drilling.

Slide3

Growth driversThe Booming Oil and Gas Industry in MEA Steel Pipe MarketThe oil & gas industry is the world's largest industry in terms of revenue. Moreover, the oil & gas industry in MEA is also the world’s largest industry in terms of revenue. Most of the major players in the world have plants in the MEA. MEA's oil and gas industries contribute significantly to the country's GDP (gross domestic product). According to the Organisation of Petroleum Exporting Countries, Saudi Arabia controls approximately 17% of the world's proven petroleum reserves. Approximately 50% of the GDP comes from the oil& gas industry.

Slide4

RestraintsThe Increasing Price of Stainless SteelBecause steel is the most common and prominent material used globally, there are many subcategories of steel that are used globally for various purposes. Steel pipes are mainly influenced by the qualities and characteristics of the materials used to manufacture them. The type of steel to be used for a particular project should be chosen based on quality and cost. The price of stainless steel in the Kingdom of Saudi Arabia can vary from Saudi Riyal 77-770 per meter of stainless-steel pipe prices. Compared to the 5% monthly price increase seen at the end of 2020, the price hike for grade-304 stainless steel has risen by 15% since the beginning of the year, mostly due to increases in alloy surcharges and base prices.

Slide5

Impact of COVID-19The pandemic has caused the world an unexpected blow, and the death toll continues to rise withthe virus raising its ugly head across the globe.Construction stopped following a spike in infections in the early phases of the pandemic, which lowered the demand for steel pipes in MEA & Australia; however, once the first wave of infections had passed, governments responded by investing heavily in infrastructure to boost their economies. However, lockdowns and curfews were imposed once again, resulting in supply chain disruptions, labor shortages, financial losses, and a temporary negative impact on investments. One of the primary demand drivers for steel pipes is the oil and gas industry, which had to undergo the worst crisis ever, with oil prices plunging to USD 21.04 per barrel during the first wave of COVID-19. 

Slide6

The MEA & Australia Steel Pipe Market- Regional InsightsBased on the regional level, the MEA & Australia steel pipe market is segmented into MEA & Australia. The MEA region held the largest market share in 2020 and is anticipated to continue its supremacy in the coming years as well. Based on countries, the MEA steel pipe market is segmented into Turkey, Egypt, Saudi Arabia, South Africa, and the rest of MEA. Saudi Arabia accounted for the largest market share in 2020, The strong presence of the oil & gas industry in Saudi Arabia is mainly responsible for the high demand for steel pipes in the country. Moreover, the presence of global leaders such as Saudi Aramco, which is mostly state-owned, has accelerated the growth of the steel pipe industry in Saudi Arabia.

Slide7

Competitive LandscapeThe MEA & Australia steel pipemarket is highly competitive and fragmented and is composed of many large, small, and medium players. The key players dominating the market are ArcelorMittal, Tenaris Saudi Steel Pipes, Al Gharbia Pipe Co., Conares Metal Supply Ltd., Global Pipe Company, SeAH Steel, Steel Mains, TMK,

Welspun

MiddleEast

, Arabian Pipes, National Pipe Company Ltd., Nippon Steel Corporation, JFE Holdings, Inc.,

Jindal

Saw Ltd.,

Severstal

,

Vallourec

,

Evraz,Tata

Steel, JSW Steel Limited, andother prominent players.Sample Copy of the Report :https://www.blueweaveconsulting.com/report/mea-and-australia-steel-pipe-market/report-sample

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About Us:Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off.Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

Slide9

Contact Us: +1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662   info(@)blueweaveconsulting.com   www.blueweaveconsulting.com