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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:
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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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