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

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

  • December 2019 •
  • 40 pages •
  • Report ID: 198414 •
  • Format: PDF
Down the tube: Sharp decreases in oil prices have caused industry revenue to decline

Abstract

Metal Pipe & Tube Manufacturing in the US
Over the five years to 2019, the Metal Pipe and Tube Manufacturing industry has declined due to a sharp drop in oil prices in both 2015 and 2016, resulting in a subsequent decline of the industry’s largest market: the oil and gas industry. Additionally, the value of utilities construction, representing the construction of waterworks and energy infrastructure, experienced three consecutive years of declines as the energy sector contended with volatile commodity prices. Furthermore, the oil and natural gas price index decreased significantly over the past five years, causing the prices of other commodities, such as iron ore and other metals, to decline. Consequently, oil drilling and exploration activities became unprofitable and demand for industry products declined significantly. As a result, industry revenue is anticipated to decrease during the current period. This trend is projected to reverse over the five years to 2024, as industry revenue is forecast to increase. The difficult operating conditions that hampered industry sales between 2015 and 2016 have since improved, raising demand for industry products.

Operators in this industry are standalone 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.
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