The United States Carbon Welded Tubing market reached USD 413.27 Million in 2017 by registering a CAGR of 3.69% across the globe. Moreover, the market is expected to garner USD 551.02 Million by the end of 2025. Further, the market of Carbon welded tubing worldwide is anticipated to achieve a Y-o-Y growth rate of 3.89% in 2025 as compared to the previous year.
The United States Carbon Welded Tubing market is segmented on the basis of Application into Offshore and Onshore, on-shore segment (61.75% share in 2017) occupies the largest market share of Carbon welded tubing across the globe. Additionally, On-shore segment is anticipated to reach USD 334.32 Million by the end of 2025 from USD 158.08 Million in 2017. Moreover, offshore segment is anticipated to flourish at a CAGR of 4.07% over the forecast period.
The United States Carbon Welded Tubing market is also segmented By Diameter into 60 mm - 120 mm, 121 mm - 180 mm, 181 mm - 250 mm , out of which, 121 mm - 180 mm segment captured 36.00% market share in the United States Carbon Welded Tubing market in 2017. Furthermore, the 121 mm - 180 mm segment is expected to contribute to a market value of USD 203.56 Million in 2025, as compared to USD 148.78 Million in 2017.
181 mm - 250 mm segment contributed around 30.00% market share in total Carbon welded tubing market in 2017. Additionally, this segment is projected to reach to 28.13% market share by 2025. Further, the segment is projected to achieve Y-o-Y growth rate of 2.68% in 2025 as compared to previous year.
By Coating Type, Fusion Bonded Epoxy Coating segment is estimated to be a major contributor to the United States Carbon Welded Tubing market throughout the forecast period. Further, increase in the extraction of shale gases in the country evince the substantial growth in carbon welded epoxy coating.
Moreover, the re-establishment of water infrastructure in the country ensue the Carbon welded tubing market. Surge in the fuel export by United States establishing it to attain the petroleum exports more than several OPEC nations.
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Companies Mentioned
- U.S. Steel Tubular Products
- Arcelor Mittal
- Nucor Corp.
- Nippon Steel & Sumitomo Metal
- Gerdau SA
- Steel Dynamics
- AK Steel Holding
- Zekelman Industries
- Victory Steel
- Eagle Tubular Products