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Stock impact report

Pipe & Pipe Fittings Market To Reach USD 448.1 Billion By 2032 - DataHorizzon Research [Yahoo! Finance]

Tenaris S.A. American Depositary Shares (TS) 
Last tenaris s.a. american depositary shares earnings: 2/19 04:34 pm Check Earnings Report
US:NYSE Investor Relations: ir.tenaris.com
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 04, 2024 (GLOBE NEWSWIRE) -- The Pipe & Pipe Fittings Market size was valued at USD 331.9 Billion in 2023 and is expected to reach a market size of USD 448.1 Billion by 2032 at a CAGR of 3.4%. The significant increase in the worldwide construction and development activity is crucial for the industry development. Furthermore, increasing oil & gas projects worldwide and new construction activities contribute to the demand for pipes and pipe fittings. Countries like Russia, Brazil, Norway, the U.S., and India have planned oil & gas projects to increase oil production for domestic consumption and exports. The demand for residential and non-residential buildings is increasing owing to the ever-rising population, and growth in the rate of urbanization globally presents growth opportunities to prominent players. According to the U.S. Census Bureau, in January 2024, the total residential construction spending amounted to around USD 63.57 billion. Similarly, Show less Read more
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