Metal Pipe & Tube Manufacturing in the US
The Metal Pipe and Tube Manufacturing industry produces welded, riveted and seamless pipe and tube from steel and metal alloys. Over the five years to 2018, the industry has declined due to a sharp drop in oil prices in both 2015 and 2016, resulting in a subsequent decline of the industry's largest market, oil and gas. Additionally, the value of utilities construction, representing the construction of waterworks and energy infrastructure, experienced three consecutive years of declines as the energy sector contended with volatile commodity prices. The oil and natural gas price index decreased significantly over the past five years, causing the prices of other commodities, such as iron ore and other metals, to decline. The difficult operating conditions that hampered industry sales between 2015 and 2016 have since improved, primarily due to an increase in the oil and gas price index, which encouraged petroleum operators to invest in new drilling machinery and increased demand for industry products.
Operators in this industry are stand-alone producers that manufacture welded, riveted and seamless pipes or tubes from purchased
iron or steel. Consequently, steel is purchased as a primary input material in the metal pipe and tube manufacturing process.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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