U.S. Cold Drawn Seamless Steel Pipes Market Worth $994.3 Million by 2029

U.S. Cold Drawn Seamless Steel Pipes Market By Standard (ASTM A179, ASTM A106, ASTM A511/A511M, ASTM A213), Product Type (MS Seamless Steel Pipes), Production Process, Application, and End-use Industry – Forecasts to 2029

The U.S. Cold Drawn Seamless Steel Pipes Market is expected to reach $994.3 million, at a CAGR of 7.7% during the forecast period 2022–2029. The increasing demand for seamless pipes in the oil & gas sector is the key factor driving the growth of the U.S. cold drawn seamless steel pipes market. However, the volatile raw material prices and lower demand in saturated markets are expected to restrain the growth of this market.

Increased offshore spending and new oilfield discoveries are expected to create significant growth opportunities for the players operating in the U.S. cold drawn seamless steel pipes market. Trade protectionism and the introduction of new substitutes pose serious challenges to the growth of this market.

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