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Global Stainless Steel Pipes and Tubes Market – Opportunities and Forecast (2017-2022) – Research and Markets

The global market is projected to display a sustainable growth represented by a CAGR of over 3.55% during 2017-2022, primarily driven by rising energy demand and production of vehicles.

Increasing vehicles sales coupled with rising demand of energy across the developed and emerging regions is backing the growth in Global Stainless steel pipes and tubes Market. Additionally, increasing number of Hydro power plants and desalination plants is backing the growth of stainless steel pipes and tubes market across various regions.

The Stainless Steel Pipe and Tube is expected to lead the market in the forecast period. Among the regions, Asia Pacific accounts for the largest regional share in the Global Stainless Steel Pipe and Tube Market in 2016. However, Asia Pacific is also projected to progress at the highest rate, mainly driven by construction of major infrastructural projects and power projects and increasing demand of oil and gas. Additionally, the investment in Water supply and desalination projects foster the demand of stainless steel pipe and tube.

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