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This report segments the galvanized pipe fitting market by end-user (non-residential and residential) and geography (APAC, North America , Europe , MEA, and South America ) Flanged Ductile Iron Fittings
NEW YORK , July 6, 2022 /PRNewswire/ -- Galvanization is a process in which a protective zinc coating is applied to a steel or iron pipe to prevent it from rusting. Galvanized pipes are used widely in the oil and gas and construction industries as well as in water and wastewater treatment plants.
According to Technavio's latest report on the galvanized pipe fitting market, the market size is projected to grow by USD 1.36 bn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 7.68% during the forecast period.
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Galvanized Pipe Fitting Market: Major Trend , Driver, and Challenge
Increase in deep-water and ultra-deep-water projects is a major in the galvanized pipe fitting market growth. Oil resources are depleting across the world, and the global economy is highly reliant on fossil fuels. This has led to exploration and extraction activities in unchartered territories, which, in turn, has increased the reliance on deep-water and ultra-deep-water exploration operations.
Economic advantages of pipeline transportation in the oil and gas industry are driving the galvanized pipe fitting market. Low perceived risk during transportation is one of the advantages. In comparison, the use of road and rail tankers for the transportation of oil and gas is highly risky. These factors will support the market growth.
Uncertain macro-economic conditions are challenging the galvanized pipe fitting market. The construction industry is highly reliant on national and regional macroeconomic conditions. Currently, countries such as the US are facing a period of slowdown and volatility, which is having an adverse effect on businesses. Other factors include fuel and other energy costs, conditions in the non-residential real estate markets, labor and healthcare costs, access to credit, and other macroeconomic factors.
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Galvanized Pipe Fitting Market: Some Key Vendors and their Offerings
Reasons to Buy Galvanized Pipe Fitting Market Report:
Oil and Gas Pipeline and Transportation Automation Market by Application and Geography - Forecast and Analysis 2022-2026
Pipeline Integrity Management Market by Deployment and Geography - Forecast and Analysis 2022-2026
Galvanized Pipe Fitting Market Scope
Accelerate at a CAGR of 7.68%
APAC, North America, Europe, MEA, and South America
China, US, India, Germany, and UAE
Leading companies, competitive strategies, consumer engagement scope
AB Alvenius Industrier, American Piping Products Inc., Detroit Nipple Works Inc., Improved Piping Product Inc., Missouri Pipe Fittings Co., Morrill Industries Inc., Mueller Industries Inc., Quality Pipe Products Inc., Smith-Cooper International Inc., and TUBESPEC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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