Reports
Reports
Sale
The global carbon steel piping spools market size reached approximately USD 5.75 billion in 2023. The market is further projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of USD 8.79 billion by 2032.
Piping spools refer to the pre-built components of a piping system. The spools are pre-shaped for making the assembling process easier by using the gauges, hoists, and elbows, among other tools. The piping spools derived from carbon steel offer advanced resistance against wear while providing higher hardness.
On the basis of type, the market is divided into 45 degree elbow, 90 degree elbow, and 180 degree elbow, among others. Based on end use, the market is classified into power plant, oil and gas, petroleum refineries, and chemical fertilisers, among others.
On the basis of region, the carbon steel piping spools market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
90 degree elbows are anticipated to account for a significant carbon steel piping spools market share over the forecast period. This growth can be attributed to the versatility of these elbows and their extensive utilisation in altering the direction of the flow of the fluids in the pipelines. The accuracy and precision provided by the 90 degree elbows are essential for the successful completion of various industrial applications and processes, boosting the segment growth.
North America accounts for a significant share of the market owing to the prominent presence of several key market players in the region including Piping Technology & Products, Inc. (Sweco Fab, Inc.) and Cogbill Construction, LLC, among others. The presence of stringent corrosion management requirements and environmental regulations is bolstering the carbon steel piping spools market demand. The increased adoption of environmentally conscious materials and practices is further aiding the market growth in North America.
Piping Technology & Products, Inc. (Sweco Fab, Inc.) is committed towards providing their customers with high quality expansion joints, engineered pipe support, and services for various sectors and industries. The company was founded in 1978 and is headquartered in Texas, United States.
Yena Engineering B.V. is one of the leading industrial machinery manufacturing companies providing different types of machined, welded, and bended metal products including steel piping spools, pipe racks, and structural steel elements of buildings, among others.
Cogbill Construction, LLC, headquartered in Texas, United States, is an industrial construction company specialising in custom composite FRP fabrications, carbon steel piping spools, custom metal fabrications, and industrial maintenance and plant shutdown, among others.
Other carbon steel piping spools market key players include Cimtas Pipe Fabrication and Trading Ltd. Co., Metal Forge India Private Limited, Tesco Steel & Engineering, Kalpataru Piping Solutions, Reli Engineering, DEE Development Engineers Limited, and Prosaic Steel & Alloys, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Carbon Steel Piping Spools Market Analysis
8.1 Key Industry Highlights
8.2 Global Carbon Steel Piping Spools Historical Market (2018-2023)
8.3 Global Carbon Steel Piping Spools Market Forecast (2024-2032)
8.4 Global Carbon Steel Piping Spools Market by Type
8.4.1 45 Degree Elbow
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 90 Degree Elbow
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 180 Degree Elbow
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Carbon Steel Piping Spools Market by End Use
8.5.1 Power Plant
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Oil and Gas
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Petroleum Refineries
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Chemical and Fertilisers
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Carbon Steel Piping Spools Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Carbon Steel Piping Spools Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Carbon Steel Piping Spools Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Carbon Steel Piping Spools Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Carbon Steel Piping Spools Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Carbon Steel Piping Spools Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Piping Technology & Products, Inc. (Sweco Fab, Inc.)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Yena Engineering B.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cogbill Construction, LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cimtas Pipe Fabrication and Trading Ltd. Co.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Metal Forge India Private Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tesco Steel & Engineering
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kalpataru Piping Solutions
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Reli Engineering
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 DEE Development Engineers Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Prosaic Steel & Alloys
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Carbon Steel Piping Spools Market: Key Industry Highlights, 2018 and 2032
2. Global Carbon Steel Piping Spools Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Carbon Steel Piping Spools Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Carbon Steel Piping Spools Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Carbon Steel Piping Spools Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Carbon Steel Piping Spools Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Carbon Steel Piping Spools Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Carbon Steel Piping Spools Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Carbon Steel Piping Spools Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Carbon Steel Piping Spools Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Carbon Steel Piping Spools Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Carbon Steel Piping Spools Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Carbon Steel Piping Spools Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Carbon Steel Piping Spools Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Carbon Steel Piping Spools Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Carbon Steel Piping Spools Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Carbon Steel Piping Spools Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Carbon Steel Piping Spools Market Structure
The market reached a value of approximately USD 5.75 billion in 2023.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.79 billion by 2032.
The major market drivers include rising demand for sturdy and reliable piping systems owing to increasing industrialisation and growing requirement for extensive piping networks owing to the expansion of the energy, manufacturing, and construction sectors.
The key trends fuelling the growth of the market include increasing investments towards renewable energy projects and rising stringency of corrosion management requirements.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of carbon steel piping spools include power plant, oil and gas, petroleum refineries, and chemical fertilisers, among others.
The key players in the market are Piping Technology & Products, Inc. (Sweco Fab, Inc.), Yena Engineering B.V., Cogbill Construction, LLC, Cimtas Pipe Fabrication and Trading Ltd. Co., Metal Forge India Private Limited, Tesco Steel & Engineering, Kalpataru Piping Solutions, Reli Engineering, DEE Development Engineers Limited, and Prosaic Steel & Alloys, among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.