Seamless Steel Pipes Market

Global Seamless Steel Pipes Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: Increasing demand for seamless pipes from the oil and gas sector, rising demand for seamless steel pipes in the steel industry, and growing stringent regulations are some of the major factors driving the growth of the Global Seamless Steel Pipes Market.

Global Seamless Steel Pipes Market is valued at USD 62.91 Billion in 2021 and expected to reach USD 95.22 Billion by 2028 with a CAGR of 6.1% over the forecast period.

Scope of Global Seamless Steel Pipes Market Report-

Seamless pipes are high-performance pipes with uniform structure and strength, strong corrosion resistance, and the ability to withstand high pressures and temperatures. The manufacture of these pipes includes many materials, including steel and alloys, nickel, and magnesium alloys, among others. Seamless steel pipes have high strength and are increasingly used in industrial boiler applications and in the oil and gas sector. These pipes are preferred over others due to their strength, durability, and corrosion-resistant properties. Seamless steel pipes are used in infrastructure and for water supply, sewage transport, and other functions.

The COVID-19 pandemic has shown a negative impact on the growth of the global seamless steel pipe market. Demand for seamless steel pipes lagged as many end industries experienced steady growth during the pandemic. Moreover, supply chain disruptions and the temporary closure of factories further hampered the market's growth. In order to keep the business intact, the market players changed their operations. Going forward, the expansion of end-use industries such as the oil and gas industry and chemical industry is projected to drive strong growth in the market.

The global seamless steel pipes market is segmented on the process, coating, material, dimension, end-user, region & country level. Based on process, the global seamless steel pipes market is segmented into cold rolled, and hot rolled. By coating, the global seamless steel pipes market is segmented into 3 PP coating, 3 PE coating, and FBE coating. By material, the global seamless steel pipes market is segmented into carbon steel, stainless steel, alloy steel, and others. The global seamless steel pipes market is segmented by dimension into > 15 inches, 10-15 inches, and < 10 inches. By end-user, the global seamless steel pipes market is segmented into chemicals, construction, oil & gas, energy & power, automotive, and others.

The regions covered in the global seamless steel pipes market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global seamless steel pipes is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players of Global Seamless Steel Pipes Market Report-

Some major key players for the global seamless steel pipes market report cover prominent players like -

• JFE Holdings
• IPP Group
• Tianjin Pipe Corporation
• Nippon Steel Corporation
• ArcelorMittal S.A.
• United States Steel Corporation
• Vallourec
• Jindal SAW Limited
• Sandvik
• Tenaris
• others

Global Seamless Steel Pipes Market Segmentation: -

By Process:

• Cold Rolled
• Hot Rolled

By Coating:

• 3 PP Coating
• 3 PE Coating
• FBE Coating

By Material:

• Carbon Steel
• Stainless Steel
• Alloy Steel
• Others

By Dimension:

• > 15 Inches
• 10-15 Inches
• < 10 Inches

By End-User:

• Chemicals
• Construction
• Oil & Gas
• Energy & Power
• Automotive
• Others

By Regional & Country Level:

• North America

• U.S.
• Canada

• Europe

• U.K.
• France
• Germany
• Italy

• Asia Pacific

• China
• Japan
• India
• Southeast Asia

• Latin America

• Brazil
• Mexico

• Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Increasing Demand for Seamless Pipes from the Oil & Gas Sector, Rising Demand for Seamless Steel Pipes in the Steel Industry, and Growing Stringent Regulations are Some of the Major Factors Driving the Growth of the Global Seamless Steel Pipe Market

One of the major factors driving the growth of the seamless steel pipe market is the growing demand for seamless pipes in the oil and gas sector. Since 2019, there has been a large increase in the production of crude oil. In 2021, crude oil production amounted to approximately 4.27 billion metric tons. These figures suggest that this demand will further increase with increasing demand, which will require more safe work. Due to this, oil and gas companies are currently adopting seamless steel pipes in large numbers. Seamless pipes are used in a variety of applications in the oil and gas sector, including upstream activities, midstream operations, and the transportation and distribution of various fluids such as oil, gas, slurry, steam, and acid. Process pipework is also used in downstream activities, such as refining oil and gas into secondary products. In this business, seamless pipes are useful for use in general plumbing applications. In addition, deep-water drilling uses steel alloys and composites to withstand high loads in highly corrosive environments. This has increased the use of seamless steel for deep drilling due to its durability, strength, and corrosion resistance properties.

In addition, the rising demand for seamless steel pipes in the steel industry is also boosting the growth of the seamless steel pipe market. Steel is an essential part of all industries, from automotive to construction. Crude steel is extracted from processed iron using coal/coke, followed by reduction using limestone in a basic oxygen furnace (BOF). Rapidly growing populations and urbanization have increased the consumption of resources in construction activities, power plants, and other sectors. Further, the growing steel industry has generated a lot of raw materials for seamless steel producers. For instance, according to the World Steel Association, on January 26th, 2021, global crude steel production for 2020 reached 1,864.0 million tones (Mt). Therefore, the increasing steel industry is expected to fuel the seamless steel pipe market's growth over the forecast period.

Moreover, the growing stringent regulations are also supplementing the seamless steel pipe market's growth. Seamless steel pipes can be found inside and outside walls in industrial buildings, laboratories, and residential complexes. The pipes are used to transfer fluids, including water and gas. Manufacturing businesses are concerned about rising carbon emissions. Sequestration technology, which involves burying carbon emissions, has been used to reduce these emissions. Having all these features has led to an interest in seamless steel pipes out of necessity. The application of seamless pipes in underground storage systems is expected to increase the demand.

However, volatile prices of raw materials associated with seamless steel pipes may hinder the growth of the global seamless steel pipe market. Despite that, increasing technological advancement may create more opportunities in the global seamless steel pipe market.

North America Holds a Major Share in the Global Seamless Steel Pipes Market:

Geographically, North America holds a major share in the global seamless steel pipe market due to the increasing use of seamless steel pipes in the automotive sector, rising transportation demand, and growing oil and gas demand. These factors boost the market. The increasing use of seamless steel pipes in the automotive sector is driving the market's growth. For example, according to the International Organization of Motor Vehicle Manufacturers, in 2021 there were about 26,286,317 commercial vehicles and 56,398,471 passenger cars sold. Therefore, the use of seamless steel pipes is increasing due to the increasing purchase or manufacturing of vehicles in the US. These factors are driving the growth of the seamless steel pipe market in the North American region.

The Asia-Pacific is the fastest-growing region in the global seamless steel pipe market due to increasing demand for oil and gas, rapid industrialization, and infrastructural growth, including rising demand for transport. These factors boost the market's growth. According to a market survey, the Asia-Pacific accounted for 8.4% of world oil production in 2020. China is the largest oil producer in the region by a wide margin, producing over 5 million barrels of oil per day. In addition, India's oil demand has increased from 4.51 million barrels per day in 2020 to 4.76 million barrels per day in 2021, registering a growth of 5.61 percent. Due to this, oil factories are expanding in Asia in a big way, which is why the demand for seamless steel pipes is also increasing in this segment. Other industrial sectors are also expanding at a large rate, which means the seamless steel pipe market is also expanding at a rapid pace in Asia-Pacific countries. Similarly, the market is also getting a big boost due to the government policy. For instance, according to the India Brand Equity Foundation, in August 2022, the government adopted several policies to meet the growing demand. It has allowed 100% foreign direct investment (FDI) in many segments of the sector, including natural gas, petroleum products, and refineries, among others. Such ongoing investments and initiatives among governments across various Asian countries are fruitfully contributing to enhancing the market share.

Global Seamless Steel Pipes Market Recent Developments-(2018 to 2022)

Venus Pipes receives BIS approval for Stainless Steel Seamless Tubing.

On September 10^th, 2022- Venus Pipes & Tubes has been recognized as the All India First (AIF) manufacturer to achieve the Bureau of Indian Standards (BIS) approval for stainless steel seamless and welded pipes and tubes. At Venus, they give top priority to quality and consistency for their products with their in-house quality control team, and this recognition is a testimony to their high-quality products and processes for manufacturing pipes and tubes.""

BHEL Produces Imported Substitute T91 Grade Seamless Steel Tubes

On January 15^th, 2022- The Tiruchi Seamless Steel Tube Plant (SSTP) of BHEL produced seamless steel tubes of import option T91 (SA213) grade. At a function held here recently, Anil Kapoor, Director, HR & Energy, BHEL, flagged off steel pipes made of steel blooms.

Martensitic SS Seamless Pipes Developed by Ansteel 

On November 6^th, 2021- The Ansteel Group successfully developed martensitic stainless steel seamless pipes. This product opens the seamless steel tube continuous rolling mill high-alloy steel pipe production process, overcomes the short service life problem of martensitic stainless steel perforated plugs, and fills the gap in the field of high-CO2 corrosion-resistant oil well pipe products of Anshan Iron and Steel Group.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 62.91 Billion
Base year considered	2020
Forecast Period CAGR %:	6.1%
Market Size Expected in 2028:	USD 95.22 Billion
Tables, Charts & Figures:	175
Pages	200
key players /  Manufacturers	JFE Holdings, IPP Group, Tianjin Pipe Corporation, Nippon Steel Corporation, ArcelorMittal S.A., United States Steel Corporation, Vallourec, and Jindal SAW Limited, Sandvik, Tenaris
Segments Covered	By Process, By Coating, By Material, By Dimension, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Seamless Steel Pipes Market Report–

• Global Seamless Steel Pipes Market report covers in-depth historical and forecast analysis
• Global Seamless Steel Pipes Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Seamless Steel Pipes Market report helps to identify opportunities in marketplace.
• Global Seamless Steel Pipes Market report covers extensive analysis of emerging trends and competitive landscape.