We cannot imagine our lives without steel in today's world and we cannot travel one inch without using steel in our lives. It is used in many fields and has an enormous contribution to our everyday lives. They are not only used for structure designs - they are often used to create tools used for constructing structures - ranging from small storage units to skyscrapers. It is robust, durable and highly personalized.
Steel pipes and tubing are easy to design, configure and mount. Steel is simple to work with as a tool and can be molded in any form. The diameters of steel pipes and pipes vary from several millimeters to several kilometers! You can also alter them in any way on site. It is therefore simple to build tailored pipes and tubes as needed.
The overall market size for steel pipes and tubes in 2019 amounted to 142.4 billion dollars. The growth rate is forecasted with an average growth rate CAGR of 6.2 per cent between 2020 and 2027. Rising oil and gas production due to transport demand is one of the market's prominent drivers for growth.