Seamless Steel Pipes Market Size, Share and Trends 2026

Posted by RakshaGajbhiye on January 10th, 2020

The recent research, Seamless Steel Pipes market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Seamless Steel Pipes market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.

Seamless Steel Pipes are pipes with round hollow cross sections that do not have seams. They are generally factory-made using hot working steel. One of the advantages of the pipes is its growing preference. Seamless Steel Pipes can sustain high pressure. Generally, in welded pipes, the points of welds are the weakest for sustaining pressure, in turn damaging the pressure resistance capability of the pipe. In contrast, seamless pipes are tougher and more pressure resistant.Key participants include

Seamless Steel Pipes make it easy to calculate pressure ratings, as there is no need to be concerned about the quality of welding. These pipes are also thinner and lighter than welded pipes, thus making it more cost efficient. Growth in pharmaceutical and chemical & fertilizers industries are increasing their demand for Seamless Steel Pipes. Seamless Steel Pipes have high resistance to corrosive substances that are transported through it. Fluctuations in the price of crude oil is a restraining factor for the growth of the market.

Key participants include ArcelorMittal SA, Nippon Steel & Sumitomo Metal Corporation, Tenaris S.A., JFE Steel Corporation, IPP Europe Ltd., Vallourec AG, Cimco Europe, Zaffertec S.L., Techint Group SpA, and Wheatland Tube Company among others.

Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Carbon Steel Pipe
• Alloy Steel Pipe
• Stainless Steel Pipe
• Other

Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Cold drawing manufactured seamless pipes
• Hot rolling manufactured seamless pipes

Diameter Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Small diameter pipes
• Large diameter pipes

Pressure Rating Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• High Pressure
• Medium Pressure
• Low Pressure

End Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Oil and Gas
• Power generation
• Chemical
• Automotive
• Aviation and Aerospace
• Construction
• Military
• Industrial Processing Plants
• Others

Read Full Press Release:

The report charts the future of the Seamless Steel Pipes market for the forecast period, 2019 to 2026. The perfect balance of information on various topics including the sudden upswing in spending power, end-use, distribution channels and others add great value to this literature. A collaboration of charts, graphics images and tables offers more clarity on the overall study. Researchers behind the report explore why customers are purchasing products and services from immediate competitors.

Further key findings from the report suggest

• Due to its aesthetic appeal, stainless steel is often chosen if pipe must be visible in public or professional settings.
• Stainless steel is used in the seamless pipes as it provides protection from corrosion. It held a market share of 25% in the year 2018.
• On the basis of the manufacturing process, the market is segmented into cold drawing manufactured seamless pipes and hot rolling manufactured seamless pipes.
• Hot rolling manufactured seamless pipes are forecasted to hold the market share of 56% in the year 2026 with a CAGR of 3.3% during the forecast period.
• Large diameter pipes held a market share of 52% in the year 2018, and small diameter pipes are forecasted to hold a market share of 49% in the year 2026.
• High-pressure seamless steel pipe is forecasted to hold a market share of 33% in the year 2026 with a CAGR of 3.6% during the forecast period.
• Transfer of chemical fluids requires a material that is sturdy enough to carry those fluids and not react with the chemicals easily. The chemical industries prerequisite is a pipe that eliminates the probability of leakage, and Seamless Steel Pipes are suitable for the industry.
• The chemical sector is forecasted to have a CAGR of 4.9% during the forecast period.

 To identify the key trends in the industry, click on the link below:  https://www.reportsanddata.com/report-detail/seamless-steel-pipes-market