The stainless steel pipe market is worth US$4.9242 billion by 2030 | Covid-19 and the impact analysis of top players-EIN Presswire

2021-11-12 10:47:12 By : Mr. Sugar Ren

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Manufacturers are increasingly developing new stainless steel pipes for plumbing applications such as faucets, bathtubs and shower heads, which is driving growth

Portland, USA, November 9, 2021/ - Stainless steel pipe is durable, corrosion-resistant, strong, strong and flexible, and is used for plumbing applications in residential, commercial and industrial fields. It is used for High-efficiency piping for piping applications and sanitary engineering. Stainless steel pipes are used in plumbing applications such as bathtubs, faucets, shower heads and toilets.

The global stainless steel pipe market is expected to increase from USD 8.1 billion in 2020 to USD 4.9 billion in 2030, with a compound annual growth rate of 4.8% from 2021 to 2030.

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According to the United Nations, urbanization is taking place in a major area of ​​the world. Urban areas now account for nearly 54.8% of the world’s population. With the process of urbanization, people's understanding of modern bathroom accessories such as faucets is increasing. The development of urbanization and the increase in the number of nuclear families, especially in developing countries, have created a huge demand for stainless steel pipes in pipeline applications.

Water pipes used in kitchens, toilets or bathrooms in hotels, shopping malls, offices and public places belong to the non-residential category. Old bathroom and kitchen renovations and new construction projects in residential and non-residential buildings are driving the stainless steel pipe market. In addition, the increase in new residential and commercial buildings has increased the sales of stainless steel pipes.

Geberit AG Jindal Stainless Steel Co., Ltd. Steelmor Industries Central States Industrial Mueller Industries Inc Reliance Worldwide Corporation Limited Turnkey Industrial Pipe & Supply Inc Aboveor Corporation Bradley Corporation Globe Union Industrial Corp.

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Kitchen bathroom and toilet others

Kitchen bathroom and toilet others

Office School Industrial Building Retail Hospital Hotel Other

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