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Seamless Pipes Market Trends, Opportunities, Demand, Growth, Future Scope & Forecast to 2025

Global Seamless Pipes Market to Grow Rapidly Owing to Burgeoning Oil Export Industry

The demand for seamless pipes is expected to grow at a significant pace on account of rising adoption in the manufacturing and energy sectors. The superior performance benefits associated with the product including ability withstand high pressure, high temperature, and high mechanical stress environment are likely to be the key factors driving industry growth.

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Seamless pipes exhibit superior pressure ratings compared to welded pipes of the same material owing to absence of welded seam. As a result, the seamless pipes demonstrate uniform strength and they are progressively replacing the seam welded pipes products across various industries such as sectors such as oil & gas, chemical, fertilizer, power generation and, automotive industry.

The growth of seamless pipes industry is primarily being driven by oil and gas industry. The demand for seamless pipes is expected to grow on account of enhanced corrosion resistance and ability to endure in extremely cold or hot environments associated with the product. The product is being increasingly utilized on offshore oil platforms and offshore oil pipelines.

The high cost associated with seamless pipes are expected to drive restrain the seamless pipes market growth over the forecast period. Seamless pipes are priced relatively higher than the seam weld pipes owing to their complex manufacturing process.

Key Takeaways of the Seamless Pipes Market

  1. Rising demand from the oil & gas sector
  2. Expected demand from developing countries
  3. Cost-effective in nature
  4. Fluctuating prices of raw materials
  5. Technological advancements in hydraulic fracking technology has led the U.S. and Canada to emerge as one of the largest oil exporters across the world.
  6. India is likely to be the key market for the seamless pipes on account of growing investment in the development of natural gas pipeline network.

Notable Development Trends to Open up New Horizons of Growth for Seamless Pipes Market

Following the current trends, the growing support of government for promoting businesses and companies announcing numerous strategic collaborations is expected to have a synergistic effect on market. Such efforts and initiative lead to partnership and boost the market competition.

  1. 29 Apr 2020 – ArcelorMittal Projects Brazil, a business branch of ArcelorMittal, will start a new plant in the city of Serra in Espirito Santo state in the first half of this year.

Major points covered in the report:

  1. An overview of the market, including background and evolution
  2. Macroeconomic factors affecting the market and its potential
  3. Market dynamics, such as drivers, challenges, and trends
  4. Detailed value chain analysis of the market
  5. The cost structure of the products and segments covered in the study
  6. In-depth pricing analysis, by key product segments, regions and by major market participants
  7. Scrutiny of demand and supply, such as top consuming geographies with leading producers, overall trade with imports/exports scenario
  8. Analysis of the market structure, including a tier-wise categorization of key market participants
  9. Competitive landscape of the market, including detailed profiles of the top players in this market

The report offered by the experts presents in exhaustive market study with have established segments such as application, product type, and region. Every segment of the market is comprehensively analyzed, deliberate based on their market share, growth scenarios, and CAGR.

Companies operating in the market are Maxim Tubes Company Pvt. Ltd., Tenaris, Sandvik AB, Michigan Seamless Tube, LLC., ArcelorMittal S.A., Penn Stainless TOS, D.P. Jindal Group, Ferrostaal Piping Supply GmbH, American Piping Products Inc., Nippon Steel & Sumitomo Metal Corporation, and the U.S. Steel Tubular Products.

Market Segmentation:

By Type:

  • Nickel Alloy
  • Zirconium
  • Austenitic Stainless Steel
  • Titanium Pipes
  • Duplex Stainless Steel
  • Ferritic Stainless Steel

By Process:

  • Hot Rolling Manufactured
  • Cold Drawing Manufactured

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Process
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Type
    • By Process
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Process
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Type
    • By Process
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By Process
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Type
    • By Process

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

 

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