Global Soapstone Market: Competitive Landscape and Strategic Forecast2025-2032
Published On : 14 May 2025
Market Overview
The global welded pipes market continues to demonstrate steady growth, with a valuation reaching USD 11.15 billion in 2024.
According to industry analysis, this market is projected to expand at a CAGR of 3.9%, reaching approximately USD 15.14 billion by 2032.
Market Drivers
The market benefits significantly from continuing urbanization and industrialization in developing nations.
The oil and gas sector remains the primary driver, contributing to approximately 35% of total demand.
Market Segmentation
By Type
Key Companies
AK Tube
Arcelor Mittal
Nippon Steel & Sumitomo Metal
Benteler
Others
Regional Analysis
North America: maintains robust demand, particularly from the oil and gas sector
Europe: market remains stable, with focus shifting toward specialized applications in the automotive and precision engineering sectors.
Asia-Pacific: currently leads in welded pipe consumption
Middle East: maintains steady growth through oilfield developments
