Middle East Spiral Welded Pipes Market Analysis

1. Middle East Spiral Welded Pipes Market Analysis, Key Manufacturers, Trends Research Nester published a report titled “Middle East Spiral Welded Pipes Market: Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the Middle East spiral welded pipes market in terms of market segmentation by type, end-user, application, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market. The Middle East spiral welded pipes market is anticipated to acquire a sizeable revenue by growing at a noteworthy CAGR during the forecast period, i.e., 2021 – 2029, owing to the growing development in the infrastructure sector, increasing number of desalination processes for water treatment and the rise in the use of spiral welded pipes for commercial and residential activities in the region. In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

2. On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict. Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-86 The market is segmented by type, end user and application. Based on end user, the segment for oil & gas industry is projected to grab the largest share, which can be attributed to the substantial presence of oil producers in the region, and a large number of ongoing activities in the oil & gas sector. Furthermore, the water industry segment is assessed to witness the highest growth rate during the forecast period on the back of escalating demand for water in the region. Geographically, the Middle East spiral welded pipes market is segmented into two regions, Israel and the Gulf Cooperation Council (GCC). The market in the GCC is assessed to witness a significant CAGR over the forecast period accounting to the rising number of pipeline projects and oil exports in the region, and increasing investments in real estate, petrochemicals and water sewage industries, mainly in countries such as Saudi Arabia and the UAE. Intensifying Infrastructural Development in the Region to Drive Market Growth There has been a surge in construction and infrastructural development activities in the Middle East which can be credited to the announcement of crucial upcoming projects such as FIFA World Cup 2022 and Doha Metro. This is estimated to boost the demand for welded pipes in the region in a wide range of industries including oil, refined products and water treatment, which in turn is expected to fuel market expansion in the coming years.

3. Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-86 However, inappropriate management of pipelines and threats associated with leakage of pipes are expected to operate as key restraints to the growth of the Middle East spiral welded pipes market over the forecast period. This report also provides the existing competitive scenario of some of the key players of the Middle East spiral welded pipes market which includes company profiling of AL JAZEERA STEEL PRODUCTS CO., ArcelorMittal SA (AMS: MT), Saudi Steel Pipes Company (TADAWUL: 1320), Attieh Steel Ltd., Jindal SAW Limited (NSE: JINDALSAW), Arabian Pipes Co. (TADAWUL: 2200), Rezayat Group (National Pipe Company Ltd.), EVRAZ plc (LON: EVR), JFE Steel Corporation (TYO: 5411), Vallourec group (EPA: VK), and others. Curious about this latest version of report? Obtain Report Details @https://www.researchnester.com/reports/middle-east-spiral-welded-pipes- market/86 About Research Nester Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact Us AJ Daniel Email: info@researchnester.com U.S. Phone: [+1 646 586 9123] U.K. Phone: [+44 203 608 591]