Seamless Steel Pipes Market Size Worth $275.2 Billion By 2030 | CAGR: 5.8% : – Witness the Evolving Trends with ChemView Consulting’s Report

Seamless Steel Pipes Market Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Seamless Steel Pipes Market was worth US$ 175.3 Bn and is expected to grow at a CAGR of 5.8% over the forecast period. The market is expected to hit US$ 275.2 Bn by 2030 end.

Global energy consumption, automobile production, and increased building activity in emerging areas are expected to drive growing demand for seamless steel pipes. With a competitive value market share over other pipe types, seamless steel pipes have enormous potential in the worldwide piping sector.

Seamless steel pipe is produced from a solid round steel ‘billet,’ which is a solid length of metal in the shape of a square or circle. It is heated and then pressed or drawn over a form until the steel is formed into a hollow tube with no welding or joints. It is employed in high-pressure environments, crucial places, and under extreme working circumstances.

Seamless Steel Pipes Market 2017-2030: Report Key Highlights

  • Detailed information on factors that will assist Global Seamless Steel Pipes’s growth during the next eight years
  • Assessment of the historical and current Global Seamless Steel Pipes Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

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Segments Covered in Report

By Process:

  • Hot Rolled
  • Cold Rolled

By Coating:

  • Stainless Steel
  • Alloy Steel
  • Carbon Steel
  • Others (Duplex SS etc.)

By material:

  • 3PP Coating
  • FBE Coating
  • 3PE Coating

By Dimension:

  • < 10 inches
  • 10-15 inches
  • ≥ 15 inches

By End-Use:

  • Automotive
  • Power and Energy
  • Construction
  • Chemical & Petroleum
  • Oil and Gas Connections
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways

By Process: Cold-rolled seamless steel pipes are high-precision seamless steel with high dimensional accuracy and a superior surface polish utilized in equipment and hydrodynamic devices. It is generally used in engineering and major industrial equipment to transport fluid pipes. It is also used to transmit high-temperature and high-pressure fluid pipes on chemical fertilizer equipment and in producing coal mine hydraulic support systems, cylinders, sections, other hydraulic pumps, and columns.

By End-Use: The market relies heavily on the oil and gas industry. The industry suffered during the pandemic as a result of two factors: the oil price war and the Covid-19 effect. The oil price war began due to a failed production reduction deal. Chemical and refined product demand fell due to slowing industrial activity and travel constraints caused by Covid-19. Oil and gas businesses reacted by reducing capital and operating spending, which impacted demand for seamless steel pipes.

By Region: The Asia Pacific seamless steel pipes market is expected to expand quickly during the forecast period, owing to rising demand for oil and gas, technological advancement, industrialization and infrastructure developments, and transportation needs. China, India, Japan, Taiwan, and South Korea are major contributors to Asia Pacific’s strong demand for seamless pipes.

The fact that the bulk producers of seamless steel pipes are situated in this region indicates that the market in this region is projected to increase. Because of their high strength, heat resistance, corrosion resistance, and chemical resistance, seamless pipes are widely utilized in various applications in the infrastructure and construction industries.

Competition Summary

The market is oligopolistic. The companies invest heavily in updating technologies. Major competitors in this market focus on expanding their production facilities, investing in R&D, developing infrastructure, and using integration possibilities across the entire chain. With these tactics, Industrial Seamless Steel Pipe firms may meet rising demand, maintain competitive effectiveness, create new goods and technologies, cut manufacturing costs, and broaden their client base.

Key companies covered in the market study are ArcelorMittal, American piping’s Inc., Benteler, Hunan Valin Co.Ltd, JFE Steel Corp., Jindal SAW Ltd, Nippon Steel & Sumitomo Metal Corporation, Tenaris SA, TATA Steel, United States Steel, and Vallourec SA

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