Welded Pipes Market Revenue | Global Share, Current Trends, Players by Revenue, Services Overview Forecast to 2027
Market Highlights Welded pipes market is projected to be worth USD 355.69 Billion by 2030, registering a CAGR of 5.2% during the forecast period (2022 - 2030), The market was valued at USD 225.15 billion in 2021. The global welded pipes market revenue is driven by various factors, such as the rise in demand for welded pipes in end-use industries and the growing construction industry. However, fluctuating raw material prices might hamper market growth during the forecast period. The development of infrastructure for new oil and gas reserves is expected to create opportunities for players operating in the global market. Segment Analysis The global welded pipes market is mainly segmented into materials, product type, and application. On the basis of materials, the welded pipes market has been sub-segmented carbon steel, stainless steel, and alloy steel. On the basis of product type, the welded pipes market has been segmented into process pipes, mechanical tubes, heat exchanger tubes