The Global Seamless Steel Pipes Market is forecast to reach USD 117,928.70 Million by 2030, according to a new report by Reports and Data. Seamless steel pipes are pipes with round hollow cross sections that do not have seams. They are generally factory-made using hot working steel. One of the advantages of the pipes is its growing preference. Seamless steel pipes can sustain high pressure. Generally, in welded pipes, the points of welds are the weakest for sustaining pressure, in turn damaging the pressure resistance capability of the pipe. In contrast, seamless pipes are tougher and more pressure resistant.
Seamless steel pipes make it easy to calculate pressure ratings, as there is no need to be concerned about the quality of welding. These pipes are also thinner and lighter than welded pipes, thus making it more cost efficient. Growth in pharmaceutical and chemical fertilizers industries are increasing their demand for seamless steel pipes. Seamless steel pipes have high resistance to corrosive substances that are transported through it. Fluctuations in the price of crude oil is a restraining factor for the growth of the market.
North America is expected to become a substantial region in the oil and gas industry. It is increasing its export of fossil fuels through its sale of “shale oil” reserves. The region also has an advanced chemical industry. These factors enhance the opportunity of the market in the region.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- JFE Holdings,
- Sandvik,
- Tenaris,
- IPP Group,
- Tianjin Pipe Corporation,
- Nippon Steel Corporation,
- ArcelorMittal S.A.,
- United States Steel Corporation,
- Vallourec,
- Jindal SAW Limited.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
By Product Type Outlook
- Carbon Steel
- Alloy Steel
- Stainless Steel
- Others
By Type Outlook
- Hot Finished Seamless Pipes
- Cold Finished Seamless Pipes
By Production Process Outlook
- Continuous Mandrel Rolling
- Multi Stand Plug Mill
- Cross Roll Piercing Pilger Rolling
By Dimension Outlook
- 10 Inches
- 10 - 15 Inches
- 15 Inches
By End-Use Outlook
- Automotive Transportation
- Oil Gas
- Building Construction
- Power Generation
- Engineering
- Others
The Global Seamless Steel Pipes Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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