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Metal Pipe & Tube Manufacturing in the US - Industry Market Research Report

  • July 2017
  • 39 pages
  • Ibisworld
Report ID: 198414

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Half pipe: Despite volatile input prices, industry revenue is expected to increase in the long term

Abstract
Metal Pipe & Tube Manufacturing in the US

The Metal Pipe and Tube Manufacturing industry’s performance is correlated with global steel prices and cyclical demand from key markets, such as the energy sector and industrial manufacturing. Industry revenue has fallen over the five-year period; in 2015 specifically, industry performance deteriorated as steel prices collapsed, demand from the oil and gas sector dwindled, and growing competition from imports negatively affected domestic producers. Overall the five years to 2017, industry revenue is anticipated to decrease; however, the oil and gas sector has improved since the second half of 2016, driving demand for industry products. As a result, industry revenue is expected to rise in 2017. Competition from imports will continue to pressure domestic manufacturers to reduce prices, despite recent efforts to implement duties on tubular products imported from certain countries. Growing demand from the energy industry and sustained demand from other key markets, such as waterworks and commercial construction, are expected to help industry revenue rebound at a moderate pace over the five years to 2022.

Operators in this industry are stand-alone producers that manufacture welded, riveted and seamless pipes or tubes from purchased iron or steel. Consequently, steel is purchased as a primary input material in the metal pipe and tube manufacturing process.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- Tenaris SA

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