“The Seamless Pipes Market is projected to grow at a CAGR of 5.2% from 2022 to 2031, in terms of value”
The seamless pipes market is estimated to be USD 183.79 billion in 2022 and is projected to reach USD 237.11 billion by 2031, at a CAGR of 5.2% during the forecast period.
The demand for seamless pipes is majorly driven by the increasing demand for seamless pipes from the oil & gas sector. Increasing global demand for energy has led to a rise in exploration activities and investments in the oil & gas industry. The significant growth of the oil & gas industry in emerging markets, such as China, India, and Brazil is expected to drive the demand for seamless pipes. However, volatile raw material prices can restrain the growth of the seamless pipes market.
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“Based on type, the hot finished seamless pipes market is estimated to be a larger segment of the seamless pipes market in 2022”
The hot finished seamless pipes segment is estimated to be a larger segment of the market in 2022, due to the extensive use of hot finished seamless pipes across end-use industries, such as oil & gas, infrastructure & construction, and power generation, and among others.
“Based on production process, cross-roll piercing & pilger rolling segment is estimated to be the largest segment of the global seamless pipes market in 2022”
The cross-roll piercing & pilger rolling segment is anticipated to be the largest segment of the seamless pipes market in 2022, owing to the due to the simplicity of the process as compared to the other seamless pipes manufacturing processes, such as multi-stand plug mill and continuous mandrel rolling.
“Based on material, the nickel & alloys segment is expected to be the fastest-growing segment of the seamless pipes market during the forecast period”
The nickel & alloys segment of the seamless pipes market is expected to witness the highest growth during the forecast period. This high growth can be attributed to the increasing use of nickel & alloys to manufacture seamless pipes, especially in the power generation, aerospace & defense, and chemicals industries.
“Based on end-use industry, the oil & gas segment is estimated to be the largest segment of the market in 2022.”
Based on end-use industry, the oil & gas segment is estimated to be the largest segment of the market in 2022. Seamless pipes are majorly used in the transport of oil and gas in the oil & gas industry and in various drilling activities.
“Asia Pacific is projected to lead the global seamless pipes market during the forecast period”
Asia Pacific is expected to lead the global seamless pipes market. The growth of the Asia Pacific seamless pipes market is majorly driven by the growth in the infrastructure & construction sector in the region. Seamless pipes are used in water supply, sewage transport, and so on.
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Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 21%, Tier 2 – 36% and Tier 3 – 43%
• By Designation: C Level – 24%, D Level – 42%, and Others – 34%
• By Region: Asia Pacific – 50%, North America – 20%, Europe – 18%, Middle East & Africa- 5%, and South America – 7%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by various market players, such as Nippon Steel & Sumitomo Metal Corporation (Japan), ArcelorMittal SA (Luxembourg), JFE Steel Corporation (Japan), Tenaris S.A. (Luxembourg), Vallourec AG (France), IPP Europe Ltd. (UK) Zaffertec S.L. (Spain), Cimco Europe (Italy), Wheatland Tube Company (US), Techint Group SpA (Italy), ISMT Ltd. (India), ALCO SAS (Colombia), Shalco Industries Pvt. Ltd. (India), UMW Group (Malaysia), United Seamless Tubulaar Pvt. Ltd. (India), Jindal Saw Ltd. (India), Tianjin Pipe (Group) Corporation (China), PAO TMK (Russia), Sandvik AB (Sweden), United States Steel Corporation (US), Schulz USA (US), ChelPipe (Russia), EVRAZ Plc (UK), Salzgitter Mannesmann Stainless Tubes GmbH (Germany), and Tubos Reunidos, S.A. (Spain).
The report defines, segments, and projects the global seamless pipes market based on type, production process, material, end-use industry, and region. It provides detailed information regarding major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market share and core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, joint ventures, mergers & acquisitions, expansions, new product launches, and research & development activities in the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of revenue numbers of the global seamless pipes market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to better position their businesses, and make suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:Lauren Brown
Shibuya Data Count
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