Longitudinal Submerged Arc Welded (LSAW) pipes are steel pipes made by bending and welding steel plates or steel coils. They are generally used for the construction of pipes for transporting oil, coal gas, or natural gas. The global industry of Longitudinal Submerged Arc Welded Pipe is highly dependent on growth in the demand for energy. The LSAW pipe market is driven by global economic growth, rising demand for energy, increasing investments in infrastructure and technological advancements in the sector. The global market of Longitudinal Submerged Arc Welded Pipe is highly competitive, with a few players dominating the industry. The major players in the global market for LSAW pipe include ArcelorMittal, Tenaris, Nippon Steel & Sumitomo Metal Corporation, TMK, and others. The demand for LSAW pipes is projected to increase over the forecast period due to the growing construction and energy sector.
The global Longitudinal Submerged Arc Welded Pipe (LSAW) market was valued at US$ 12920 million in 2022 and is anticipated to reach US$ 15070 million by 2029, witnessing a CAGR of 2.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Longitudinal Submerged Arc Welded Pipe (LSAW) Market available at: https://www.themarketreports.com/report/global-longitudinal-submerged-arc-welded-pipe-lsaw-market-research-report
This report aims to provide a comprehensive presentation of the global market for Longitudinal Submerged Arc Welded Pipe (LSAW), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Longitudinal Submerged Arc Welded Pipe (LSAW).
Asia Pacific is estimated to have a major share in the global longitudinal submerged arc welded pipe market. Europe is the second largest consumption place with the market share of 25%.
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