DUBLIN--(BUSINESS WIRE )--The "Cold Drawn Seamless Steel Pipes Market By Standard (ASTM A179, ASTM A511, ASTM A213, ASTM A192, ASTM A209, ASTM A210, ASTM A333, ASTM A335, ASTM A53), Product Type, Production Process, Application, End-use Industry, and Geography - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
This report provides in-depth analysis of the cold drawn seamless steel pipes market in five major geographies and emphasizes on the current market sizes, market shares, recent developments, and forecasts till 2029.
The cold drawn seamless steel pipes market is expected to reach $22.34 billion by 2029, growing at a CAGR of 8.0% during the forecast period of 2022 to 2029.
The growth of this market is attributed to the increasing demand for seamless pipes in the oil & gas sector. In addition, the increased offshore spending and new oilfield discoveries are expected to create significant growth opportunities for the players operating in this market.
Factors such as trade protectionism and the introduction of new substitutes pose significant challenges to the growth of this market. However, the volatile raw material prices and lower demand in saturated markets are expected to restrain the growth of the cold drawn seamless steel pipes market.
Key questions answered in the report:
Cold Drawn Seamless Steel Pipes Market, by Standard
Cold Drawn Seamless Steel Pipes Market, by Product Type
Cold Drawn Seamless Steel Pipes Market, by Production Process
Cold Drawn Seamless Steel Pipes Market, by Application
Cold Drawn Seamless Steel Pipes Market, by End-use Industry
Cold Drawn Seamless Steel Pipes Market, by Geography
For more information about this report visit https://www.researchandmarkets.com/r/usq87k.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900