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Global Seamless Pipes Market to Grow at a CAGR of 4.5% During 2021-2026, Driven by Higher Investments into Downstream Industries

According to a new report by EMR titled, ‘Global Seamless Pipes Market Report and Forecast 2021-2026’, the global seamless pipes industry is expected to grow at a CAGR of about 4.5% in the forecast period of 2021-2026.

Since seamless pipes have a higher capacity for temperature variation and pressure tolerance, they can be preferred for oil and gas pipelines mainly. With increasing petroleum and natural gas demand across the world, it is expected that the demand for seamless pipes will also increase because of the better properties that it offers.

In the Asia Pacific regions, greater industrialisation and improving infrastructure has catalysed the demand for the seamless pipes with greater networks of oil and gas pipelines. Increasing incomes in these regions causes people with greater investing power, which in turn helps companies work with better equipment like seamless pipes.

Nippon Steel (TSE: 5401) is a major player in seamless pipes which has been a major player in the steel industry, with products like steel plates, pipes and tubes, and railway/machine/automotive parts. This diversity can help companies to gain multiple supply chains from their different product lines.

Market Analysis by Type, Production Method, Material, End-Use and Region:

  • The market on the basis of type can be divided into cold finished and hot finished.
  • Based on production method, the industry can be divided into pierce and pilger process, plug rolling process and continuous rolling process. 
  • The materials for seamless pipes include steel and alloys, nickel and alloys, and copper and alloys, amongst others.
  • The market for seamless pipes may be segmented by end-use into infrastructure and construction, power generation, oil and gas, engineering, and automotive, amongst others. 
  • The regional markets for seamless pipes include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Greater demand for oil and natural gas will cause a rise in the demand for seamless pipes. 
  • Improved research into non-petroleum products with the same properties as oil and natural gas can push the demand for seamless products
  • With the spread of oil and natural gas networks to regions with high temperature variations, seamless pipes will be needed more.
  • Improved industrial infrastructure in Asia Pacific can cause seamless pipes to expand in the region.

Key Offerings of the Report:

  • The EMR report gives an overview of the global seamless pipes industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the type, production method, material, end-use and region.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global seamless pipes market are Nippon Steel Corporation, Sandvik AB, D.P. Jindal Group, JFE Steel Corporation, Zekelman Industries, Inc., and Tenaris S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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