Welded Pipes

The global market for Continuous Welded Pipes and Tubes is projected to reach 24 million tons by 2022, driven by the rise in investments in industrial projects and water infrastructure projects in developing countries. The growth in the market is also driven by the need to replace aging pipelines in developed economies of the U.S. and Europe; and new emerging applications in fire sprinkler systems, and agricultural sprinkling systems. Asia-Pacific represents the largest and the fastest growing market worldwide, led by factors such as rapid urbanization, growing focus on urban water security and the ensuing expansion of water supply networks; healthy pace of industrialization and the resulting investments in pipelines for industrial water and wastewater management and focus on irrigated agriculture in a bid to ensure food security and the ensuing popularity of pressure piped irrigation techniques.

(This article comes from Global Industry Analysts editor released)

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