Industry Analysis & Industry Trends
The Metal Pipe and Tube Manufacturing industry's performance is tightly correlated with the highly volatile world price of steel. As steel prices plummeted during the recession and subsequently skyrocketed, so too has revenue for industry operators. In the coming years, demand for metal pipes and tubes is expected to increase as rising oil and gas prices cause downstream buyers to boost production, increasing the need for industry products. Additionally, sustained growth in automobile manufacturing will increase demand for metal pipes and tubes... purchase to read more
Industry Report - Industry Analysis Chapter
Operators in the Metal Pipe and Tube Manufacturing industry are stand-alone producers of welded, riveted and seamless pipes or tubes from purchased iron or steel. The performance of industry operators is heavily dependent upon downstream industries, particularly oil drilling and gas extraction companies. Since the recession, industry sales have improved dramatically, primarily due to recovering demand from the energy, construction and manufacturing sectors. As a result, industry revenue is anticipated to increase sharply over the five-year period, at an annualized rate of 18.8% to reach $16.6 billion.
However, while downstream demand continues to trend upward, increasing competition from plastic, concrete and earthenware substitutes continues to temper industry growth... purchase to read more