Seamless Steel Pipes Market

Seamless Steel Pipes Market Overview

The report is titled as ‘Seamless Steel Pipes Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Seamless Steel Pipes market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Seamless Steel Pipes market is expected to grow with significant rate in the near future.

The seamless steel pipes market is estimated to reach at a value of US$ 7,538.1 Mn by the end of 2022 and expected to reach at a value of US$ 10,879.0 Mn by 2030 with a significant CAGR of 4.7%.

Seamless Steel Pipes Introduction

A seamless steel pipe can be understood as a round pipe incorporating a hollow piece with no seams surrounding it. The seamless steel pipe is typically developed of alloy steel, carbon steel, solid tube blank or stainless steel ingot, and then is further fabricated by hot rolling, cold drawing or cold rolling. Seamless pipes are deemed much superior to welded pipes as they are formed using monolithic steel billets, containing inherent mechanical strength, without seam brackets. The seamless steel pipe is extensively used in the domain of construction and engineering, and further, as it does not have a hollow steel strip and no seams, it is majorly employed in order to convey liquids pipelines. In addition to that, it has a robust resistance to corrosion, which makes its performance much more efficient. Moreover, the seamless steel tubes further makes it more popular as it contains no toxins.

Having said that, the most significant thing is that in comparison with other plastics, the seamless steel pipe has powerful mechanical resistance which makes it more preferable over other types of pipes. The growing number of applications of seamless steel pipes among various industries including construction, automobile, and mechanical industries, is majorly projected to boost the growth of the global seamless steel pipes market over the coming years.

Seamless Steel Pipes Market Segmentation

The global seamless steel pipes market is segmented on the basis of process, coating, material, dimension, end-use industry, and region.

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 Industry

Automotive

Power and Energy

Construction

Chemical & Petroleum

Oil and Gas Connections

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Seamless Steel Pipes Market Key Players

Some of the key participating players in global Seamless Steel Pipes market are:

JFE Holdings

Sandvik

Tenaris

IPP Group

Tianjin Pipe Corporation

Nippon Steel Corporation

ArcelorMittal S.A.

United States Steel Corporation

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Seamless Steel Pipes

Advantages of Seamless Steel Pipes

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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