The Seamless Pipes by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Seamless Pipes, The seamless pipes
market size has grown steadily in recent years. It will grow from $235.59
billion in 2023 to $245.82 billion in 2024 at a compound annual growth rate
(CAGR) of 4.3%. The growth in the historic period can be
attributed to strong economic growth in emerging markets and increasing
government initiatives to support steel and steel products, including seamless
pipes.
The seamless pipes market size is expected to see steady growth in the next few
years. It will grow to $293.81 billion in 2028 at a compound annual growth rate
(CAGR) of 4.6%. The growth in the
forecast period can be attributed to the growing oil and gas industry,
installation of new transmission pipelines, expanding chemical industry and
rapid industrialization and growth in manufacturing industries. Major trends in
the forecast period include focus on investments in low-emission furnaces,
focus on developing new technological solutions, focus on research and development
(r&d) facility expansion, focus on mergers and acquisitions and focus on
developing new, innovative products.
The installation of new transmission pipelines is expected to propel the growth
of the seamless pipes market going forward. Transmission pipelines refer to
large-diameter steel pipes, used to transport crude oil from their respective
gathering systems to refining, processing, or storage facilities. Transmission
pipelines help the seamless pipes market grow by operating at high pressure and
temperature to move natural gas from compressor stations and storage facilities
to regulators. For instance, in November 2022, according to the US Energy
Information Administration (EIA) (a US-based principal agency responsible for
collecting, analyzing, and disseminating energy information), new transmission
pipelines with approximately 3 million miles of mainline were built, and
additional pipelines are being built to connect natural gas production areas
and storage facilities with consumers. In 2021, this natural gas transportation
network delivered approximately 27.6 trillion cubic feet of natural gas to
approximately 77.7 million consumers. Therefore, installing new transmission
pipelines across the globe drives the seamless pipes market.
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The seamless pipes market covered in this report is segmented –
1) By Type: Hot Finished Seamless Pipes, Cold Drawn Seamless Pipes
2) By Materials: Steel And Alloys, Copper And Alloys, Nickel And Alloys,
Magnesium Alloys, Other Materials
3) By Production Process: Continuous Mandrel Rolling, Mannesmann Plug Mill
Process, Cross-Roll Piercing, Pilger Rolling
4) By Application: Oil And Gas, Building And Construction, Power Generation,
Automotive, Aviation, Other Applications
Technological advancements are a key trend gaining popularity in the seamless
pipes market. Major players operating in the seamless pipes market are focusing
on developing innovative products for various industries such as oil and gas,
hydrogen energy, and others to strengthen their position in the market. For
instance, in July 2021, TMK Company, a Russia-based manufacturer of seamless
pipes developed smart pipes for trunk gas pipelines with Gazprom, a state-owned
multinational energy corporation based in Russia. The world’s first technical
solution was developed to monitor and diagnose pipeline infrastructure
integrity. The pipes have uniquely built-in sensors, which provide updates on
gas pipeline stress-strain behavior in real time and assess its remaining
service life to prevent emergencies.
The seamless pipes market report table of contents includes:
1. Executive Summary
2. Seamless
Pipes Market Characteristics
3. Seamless
Pipes Market Trends And Strategies
4. Seamless
Pipes Market - Macro Economic Scenario
5. Global
Seamless Pipes Market Size and Growth
.
32. Global Seamless Pipes Market Competitive Benchmarking
33. Global
Seamless Pipes Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Seamless Pipes Market
35.
Seamless Pipes Market Future Outlook and Potential Analysis
36.
Appendix
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