Global Carbon Steel Pipe Fittings Market is valued at approximately USD 6.81 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2022-2028. Carbon Steel Pipe Fittings refer to curved connecting pieces that join straight lengths of pipes. Iron and carbon are the primary components of Carbon Steel Pipe Fittings. Additionally, they have very small amounts of copper, silicon, and manganese as needed. In contrast to the other stainless-steel material kinds, carbon steel has a higher wear and corrosion resistance. Carbon steel pipe is used for liquid, gas, and steam services both above and below ground services. It is not recommended for use in corrosive services but may be used in caustic services. The rising investment in the Oil & Gas industries and growing expansion of the Wastewater treatment industry as well as Strategic initiatives from leading market players are key factors accelerating the growth of the Market. For instance, in 2019, the Indian government announced that they will be spending around USD270 Billion in the span of 15 years on water infrastructure. In 2021, the Australian government committed to spend USD3.5 Billion on water infrastructure. Moreover, in December 2021, the Indian Oil Corporation (IOC) announced an investment of USD 1.19 Billion (INR 90.28 Billion) for the construction of a new crude oil pipeline project in the country. Also, the rising expansion of the Chemical sector in emerging markets and increasing government investment in infrastructure development would create lucrative opportunities for the market during the forecast period. However, the volatile cost of raw materials and short product life in Low temperature conditions impedes the market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global Carbon Steel Pipe Fittings Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific is the leading region in terms of market share, owing to the increasing investment in Oil & Gas pipelines and favourable government initiatives towards the waste water treatment sector. North America is estimated to grow significantly during the forecast period, due to the factors, such as a rising focus on investments in areas like nuclear and hydro energy projects.

Major market player included in this report are:
Awaji Materia Co., Ltd.
Bassi Luigi & C. S.p.A
Erne Fittings GmbH
M.E.G.A. S.p.A.
Parker Hannifin Corp
S.S.E. Pipefittings Limited
SBC Bend Co., Ltd.
Sungkwang Bend Co., Ltd.
Thai Benkan Co., Ltd
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Oil & Gas
Chemicals & Petrochemicals
Construction & Infrastructure

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Carbon Steel Pipe Fittings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers