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Global Stainless Steel Pipes and Tubes Report, By Development, Trends, Investigation 2019 and Forecast To 2024

At present, global Stainless Steel Pipes and Tubes industry shows a very low concentration. Among the manufacturers, ThyssenKrupp, Tenaris, Pohang Iron & Steel (POSCO), Baosteel and CENTRAVIS are the top five largest manufacturers around the globe and about 7.94% of the total products are produced by these five companies.
In the future, it is estimated that global Stainless Steel Pipes and Tubes will continue rising with a stable growth rate and more and more investors will enter into this industry due to the relatively high profit of production and sales of Stainless Steel Pipes and Tubes. With the expanding production capacity and other uncertain factors, the manufacturers will face the high risk of further price and gross margin decline in the next years.
The worldwide market for Stainless Steel Pipes and Tubes is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 39200 million US$ in 2024, from 32400 million US$ in 2019, according to a new GIR (Global Info Research) study.

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