Global Demand for Stainless Steel Pipes Rises Amid Infrastructure Boom
The global stainless steel pipe market is experiencing significant growth, driven by increasing infrastructure projects in emerging economies. Countries like India, China, and Brazil are investing heavily in water supply systems, oil & gas pipelines, and construction, boosting demand for corrosion-resistant stainless steel pipes. Industry experts predict a 6.2% CAGR from 2023 to 2030, with Asia-Pacific leading the market.
Key factors:
✔ Rising urbanization
✔ Replacement of aging pipelines
✔ Growth in chemical processing industries