The new report by Expert Market Research titled, 'Global Seamless Pipe Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2021-2026', gives an in-depth analysis of the global seamless pipe market, assessing the market based on its segments like type, production method, material, end use , and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2021-2026)
• Historical Market Size (2020): USD 214.2 Billion
• Forecast CAGR (2021-2026): 5%
• Forecast Market Size (2026): USD 287 Billion
The growth of global seamless pipes market is driven by the demand from natural gas and oil sector. The requirement to extract oil and gas from deep deposits has created the demand for pipes with higher strength and resistance to corrosion as compared to conventional weld pipes. Further, the reduction of leakage due to transportation of fossil fuels through seamless pipes adds to the positive opportunity for the growth. Moreover, the demand from pharmaceutical, fertilizer and chemicals sector for transportation of pressurised steam and chemicals is expected to push the growth in the forecast period.
Industry Definition and Major Segments
Seamless pipe is manufactured from round steel billet which is pierced from centre to make it hollow pipe. It does not have any weak plane unlike weld pipes and thus finds its application where strength and product life are a required such as high pressurized steam pipelines, gas and oil pipelines etc.
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The seamless pipes industry can be segmented by type into:
• Cold finished
• Hot finished
The market can be differentiated by production method into:
• Pierce and Pilger Process
• Plug Rolling Process
• Continuous Rolling Process
It can be segmented by material:
• Nickel and Alloys
• Copper and Alloys
The market can be segmented on the basis of end-use into:
• Power Generation
The regional markets for seamless pipe include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Regionally, Asia Pacific is expected to be the largest shareholder in the global seamless pipe market. This is attributed to increasing economic development and industrialisation, growing transport industries which creates demand for fossil fuel, thus in turn pushing the growth for the market. Meanwhile, North America is expected to show steady growth owing to its chemical industries and export of shale oil. Middle East & Africa is expected to show fast growth due to its growing natural gas and oil industries in the forecast period.
Key Market Players
The major players in the market are Nippon Steel Corporation, Sandvik AB, D.P. Jindal Group, JFE Steel Corporation, Zemelman Industries, Inc., Tenaris S.A., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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