Stainless Steel include a wide variety of functional as well as decorative products for household usage like furniture and architectural purpose. These range from doorknobs, stairs, railings and industrial fittings to pipes. Metal may also be used for custom doors and door facings, partition and millwork facings, building directories and kiosks, light fixtures, etc. The decorative options available in the market are limitless. The most commonly used decorative metals are stainless steel, bronze, aluminum and brass.
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Stainless steel variety whether decorative or regular is known for its corrosion resistance and strength. Chosen for its appearance it is also one of the strongest metals from an architectural perspective. Stainless steel is an alloy of steel containing chromium and depending upon the usage additional elements such as manganese and nickel are added.
Procedure for Decorative Stainless Steel Pipes:
Rolled finishes are produced on sheet material by passing the steel between rollers under pressure. The finish ranges from a bright and reflective surface to an embossed pattern.
Polished finishes are produced by grinding, polishing and buffing the metal until desired design or surface is achieved. This kind of finish is quite common in architectural applications.
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Etched finishes are produced by blasting with abrasive grit or glass beads to wear away a defined area. Metal templates are used to mask off portions of the metal. Sometimes, a strong acid is also used to give a finish.
Market Growth of Stainless Steel Decorative Pipe:
· The global steel pipes market size was valued at USD 142.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2020 to 2027. Increasing oil & gas production owing to the demand from the transportation industry is one of the prominent growth drivers for the market. The oil & gas industry is the major consumer segment for steel pipe. Steel pipes are used for the transportation of gas & liquid in this industry. They are generally manufactured using low alloy or carbon steel. The inside diameter, ductility, yield strength, and pressure rating are some of the key factors considered while selecting pipes for specific applications. The U.S. oil & gas industry is among the primary end-users for steel pipes and tubes. The product is used in upstream, midstream as well as downstream processing of crude oil. The market is anticipated to register steady growth over the forecast period owing to the developments in the U.S. oil & gas industry.
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· The U.S. has always been a leading producer of oil & gas and with the discovery of unconventional oil & gas resources in the recent past, the oil reserves in the country have surged to over 65 billion barrels and natural gas reserves to 430 trillion cubic feet in 2019. The country’s share in global oil production was 17% in 2019 while its share in the global gas production stood at 23% in 2019. These shares are expected to increase over the coming years.
· The U.S. crude oil production reached 17, 3045 thousand barrels per day in 2019 from 11,801 thousand barrels per day in 2014. The upcoming projects in the country, including the Alaska LNG liquefaction plant worth USD 43 billion and Cameron LNG Liquefaction Plant worth USD 33 billion, are anticipated to surge the need for oil & gas equipment including steel pipes.
Conclusion:
The project reports by Niir Project Consultancy Services (NPCS). All the project reports by NPCS covers cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning, etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, etc.
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