Global Seamless Pipes Market Report and Forecast 2023-2028

Global Seamless Pipes Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global seamless pipes market is projected to grow at a CAGR of 4.5% between 2023 and 2028. Aided by the rise in energy infrastructure projects, extensive use in the oil and gas sector, and increased construction and industrial applications, the market is expected to grow significantly by 2028.

Seamless pipes are solid cylindrical tubes designed to facilitate the unrestricted flow of liquids and gases. They are created through the extrusion of a solid billet over a piercing rod to form a hollow tube, which is devoid of welded seams or joints. As seamless pipes offer a higher strength-to-weight ratio, they are integral in applications that require resistance to internal or external pressure, and they are widely used in various sectors such as oil & gas, petrochemicals, shipbuilding, and power generation, among others.

The energy infrastructure sector's expansion is a significant driving force behind the seamless pipes market growth. As the demand for energy increases globally, new pipelines and energy transmission systems are being set up. The reliability, corrosion resistance, and strength of seamless pipes make them highly desirable for these applications. In the United States alone, numerous pipeline projects are under review or construction, all requiring seamless pipes for secure and efficient energy transfer.

Another major contributor to market growth is the oil & gas industry. As per the seamless pipes market analysis, due to the extreme conditions found in drilling and transportation activities, including high pressure and temperature, seamless pipes are preferred over their welded counterparts. Moreover, advancements in fracking technology have opened new avenues for the oil & gas sector, thereby driving the demand for seamless pipes further.

Industrial applications, especially in the construction sector, are also contributing to the seamless pipes market demand. Seamless pipes are essential for scaffolding, framing, and other structural requirements due to their durability and strength. Additionally, seamless pipes are extensively utilized in boiler installations and HVAC systems, further contributing to market expansion.

Emerging technologies like 3D printing are expected to revolutionise the market soon. The technology has the potential to simplify complex pipe structures and contribute to more sustainable production methods and further add value to the seamless pipes market size.

Market Segmentation

The market can be divided based on type, production method, material, end use, and region.

Market Breakup by Type

• Cold Finished
• Hot Finished

Market Breakup by Production Method

• Pierce and Pilger Process
• Plug Rolling Process
• Continuous Rolling Process

Market Breakup by Material

• Steel and Alloys
• Nickel and Alloys
• Copper and Alloys
• Others

Market Breakup by End Use

• Infrastructure and Construction
• Power Generation
• Oil and Gas
• Engineering
• Automotive
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global seamless pipes market. Some of the major players explored in the report by Expert Market Research are as follows:

• Nippon Steel Corporation
• Sandvik AB
• D. P. Jindal Group
• JFE Steel Corporation
• Zekelman Industries Inc.
• Tenaris S.A.
• Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.