Increasing investment in infrastructure propels the Global Seamless Pipes Market

Posted by rohan on October 22nd, 2019

Market Overview:

Construction and infrastructure companies are creating a variety of pipe projects that are expected to be operational worldwide over the next five years. The market value of Seamless Pipes Market is expected to grow from USD 194.12 billion in 2018 to USD 267.66 billion by 2023, at an annual growth rate of approximately 5.50%. 

Market Drivers and Restraints:

The growing demand for seamless tubes from emerging markets and the increasing investment in the infrastructure and end-of-use industries were the factors that drove the growth of the seamless tube market. It can handle high pressure, high temperature, more significant mechanical stress and corrosive atmosphere. The demand for fossil fuels is increasing, impacting the growing exploration and production activity in the oil and gas industry. Chemicals and fertilizers where the use of chemical processes and boilers drives the seamless tube market. 

The high resistance to the transport of corrosive materials through the pipes prevents leaks due to failures in the pipes that cause unwanted events and increase the demand for seamless tubes. The high growth is due to the increasing use of nickel and alloys for the production of seamless pipes used in the power generation, aerospace, defense and chemical industries. The market is driving with the steel market, since steel is the essential material for the production of seamless pipes, providing high strength and durability to those pipes. The high cost of seamless pipes is slowing the market for growth.

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https://www.marketdataforecast.com/market-reports/seamless-pipes-market

Report segmented as

By Type:

  • Hot Finished,
  • Cold Finished

By Application:

  • Continuous Mandrel Rolling,
  • Multi-stand Plug Mill,
  • Cross-roll Piercing
  • Pilger rolling

Geographical Analysis:

Geographically, the seamless pipes market has been divided as North America, South America, Europe, Middle East & Africa, and Asia-Pacific. North America has been the foremost market for seamless pipes. The Asia-Pacific market is rising continuously and is expected to grow even more in the forthcoming,with cumulative industrialization and enhanced infrastructural developments with rising transportation of goods and people.

Important Market Players:

Zaffertec S.L, Cimco Europe C.F, Wheatland Tube Company, Techint Group SpA, ISMT Ltd., PJSC Chelyabinsk Pipe-Rolling PlantALCO SAS, Shalco Industries Pvt. Ltd., UMW Group, United Seamless Tubular Pvt. Ltd., Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal S.A., JFE Steel Corporation, Tenaris S.A., Schulz USA, ChelPipe, EVRAZ Plc, Salzgitter Mannesmann Stainless Tubes GmbH, Tubos Reunidos S.A. are a few main competitors for the seamless pipes market.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast

Email: abhishek@marketdataforecast.com

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rohan

About the Author

rohan
Joined: September 20th, 2017
Articles Posted: 1,346

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