![]() ![]() The increasing construction and infrastructure sectors are expected to propel the growth of the carbon steel pipe fittings market going forward.Construction refers to the process of assembling or building physical structures, such as buildings, bridges, roads, and other infrastructure. These are sold through online and offline distribution channels. ![]() ![]() The various applications of carbon steel pipe fittings are oil and gas, chemicals and petrochemicals, construction and infrastructure, and industrial applications. The main types of carbon steel pipe fittings are hot-rolled steel pipes and cold-rolled (drawn) steel pipes.Hot-rolled steel pipe fittings refer to fittings made of a type of steel that is formed at a temperature above its recrystallization temperature using the hot rolling process. The regions covered in the carbon steel pipe fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. These fittings are commonly used in a wide range of industries, including oil and gas, petrochemicals, power generation, and construction.Īsia-Pacific was the largest region in the carbon steel pipe fittings market in 2022.North America is expected to be the fastest-growing region in the forecast period. The value of goods in this market includes related services sold by the creators of the goods.Ĭarbon steel pipe fittings refer to curved joining components that connect pipes with straight lengths.They are made of carbon steel, a type of steel that contains carbon as its main alloying element. The carbon steel pipe fittings market consists of sales of carbon steel-based ERW (Electric resistance welded) pipe fittings, welded pipe fittings, fabricated pipe fittings, seamless pipe fittings, and LSAW (longitudinal-seam submerged arc welding) pipe fittings.Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The carbon steel pipe fittings market is expected to reach $8.59 billion in 2027 at a CAGR of 5.4%. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The global carbon steel pipe fittings market is expected to grow from $6.56 billion in 2022 to $6.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. Ltd., and Jiangsu Wujin Stainless Steel Pipe Group Co. Ltd., Xinfeng Pipe-fittings, Yingkou Ever Foundry Co. New York, J(GLOBE NEWSWIRE) - announces the release of the report "Carbon Steel Pipe Fittings Global Market Report 2023". S.p.A, Delcorte SAS, Erne Fittings GmbH, M.E.G.A. Major players in the carbon steel pipe fittings market are Awaji Materia Co. ![]()
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