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Stainless Steel Welded Pipes Market to Make Great Impact in Near Future by 2028

Stainless Steel is currently the most preferred raw material used to manufacture pipes, owing to its less corrosive and easy-to-fabricate nature. However, carbon steel or mild steel has certain inherent advantages over stainless steel - carbon steel has more strength, is more malleable, and provides better thermal conductivity than stainless steel. Owing to these factors, carbon steel is slowly being preferred over stainless steel in the manufacturing of heavy equipment. Advancements in welding and fabrication technology may lead to increased adoption of carbon steel over stainless steel, thereby negatively impacting revenue growth of the stainless steel welded pipes market.

The interesting finding is taken from a recent market research study by Future Market Insights on the global stainless steel welded pipes market. According to the report, revenue from the sales of stainless steel welded pipes is projected to reach a whopping US$20.9 Bn by 2028, from an estimated US% 13.5 Bn in 2018, This is indicative of a growth rate of 4.5% during the 10 year period from 2018 to 2028

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