Seamless Pipes Market Forecasts to 2028 – Global Analysis By Material (Steel & Alloys, Nickel & Alloys), Production Process (Multi-Stand Plug Mill, Cross-Roll Piercing & Pilger Rolling), Resin Type (Vinyl Adhesive, Polyurethane Adhesive) and By Geography

Seamless Pipes Market Forecasts to 2028 – Global Analysis By Material (Steel & Alloys, Nickel & Alloys), Production Process (Multi-Stand Plug Mill, Cross-Roll Piercing & Pilger Rolling), Resin Type (Vinyl Adhesive, Polyurethane Adhesive) and By Geography

According to Stratistics MRC, the Global Seamless Pipes Market is accounted for $250.57 billion in 2022 and is expected to reach $380.28 billion by 2028 growing at a CAGR of 7.2% during the forecast period. A seamless pipe is a specific type of pipe that is made from solid rolled steel, which is converted to the form of round bodies called billets, and then forged into a pipe structure. The pipe’s design allows it to work at higher pressures more effectively. It may be used in oil lines as well as in gas lines for faster and more cost-effective transportation. The improved design also makes it more corrosion resistant than other welded pipes.

The Middle Eastern region was the largest producer of crude oil, producing 1,297.3 metric tons, which accounted for 31.1% of the global crude oil production. The increasing demand and production of oil and gas in the region in recent years gave rise to several seamless pipeline projects. For instance, in 2021, TMK supplied seamless steel pipes to the Sharjah National Oil Corporation (SNOC) to transport Mahani Gas production to SNOC Sajaa Gas Plant in Sharjah, UAE. The 16-inch line pipes totally weighed 5,000 tons, and they were used to construct 22 km of a pipeline to transfer corrosive natural gas from the Mahani field to gas processing plants. For instance, India Brand Equity Foundation, the oil and gas sector’s installed provisional refinery capacity in India stood at 246.90 MMT as of September 2021 and Indian Oil Corporation became the largest domestic refiner with a capacity of 69.7 MMT. Similarly, as per the statistics by the International Energy Agency, refining activity in the world will jump by 2.4 mb/d in 2022, with oil demand set to return to pre-pandemic levels by the end of 2022.

Market Dynamics:

Driver:

Growing chemical industry

For carrying out critical operations such as the production of various chemicals at precise temperature & pressure and heat exchangers of chemical plants, seamless pipes play an important part in the chemical sector. The chemical sector globally is expanding with increasing production and shipment and this is expected to drive the market’s growth in the forecast period. High expansion of the global chemical sector is projected to increase the requirement for seamless pipes and this, in turn, is expected to stimulate the market’s growth in the forecast period.

Restraint:

High Cost

High cost associated with research and development proficiencies, higher cost of these pipes as compared to the substitutes. The manufacturing of seamless pipes is complicated and a longer one compared to the manufacturing process of their counterparts such as a seam or welded pipes. This makes both the production process and the final price of seamless pipes costly. Seamless pipes are associated with a high cost and this has been a major restraint in the market.

Opportunity:

Booming oil and gas industry

The oil and gas industry is the largest consumer of these pipes such as carbon steel pipes and copper pipes which are utilized in offshore rigs, drilling and transportation of oil and natural gas, and many other applications. This huge boost in the oil and gas industry globally is predicted to stimulate the higher demand for seamless pipes and in turn, create ample opportunity for the market.

Threat:

Stringent environmental regulations

Stringent environmental regulations in provinces such as Europe and North America are affecting seamless steel pipe production. Regulating bodies in respective areas have been targeting the reduction of carbon emission, which has been compelling them to introduce strict laws related to emissions. Non-compliance with these regulations can lead to long production stoppages, resulting in the reduction of cash flow.

The steel and alloys segment is expected to be the largest during the forecast period

The steel and alloys segment is expected to be the largest during the forecast period. The high strength and toughness of steel make it a robust choice for the manufacturing of seamless pipes. Besides, seamless steel pipes are well equipped with good corrosion and wear resistance, owing to such diverse properties; the market is witnessing higher production and supply of steel-based seamless pipes. For instance, France-based seamless pipes manufacturer Vallourec S.A., the company supplied 1600 tons of seamless steel pipes for use in the roof structure of MRV Arena. Such increasing use of steel-based seamless pipes is projected to increase the demand for steel & alloys.

The Cross-Roll Piercing & Pilger Rolling segment is expected to have the highest CAGR during the forecast period

The Cross-Roll Piercing & Pilger Rolling segment is expected to have the highest CAGR during the forecast period. This method helps in the production of these pipes proficiently and efficiently. Cross-Roll Piercing & Pilger rolling helps in attaining strict product manufacturing specifications. Such excellent properties of it encourage manufacturers and research organizations to utilize this process for the manufacturing of seamless pipes. Such increasing use of pilger rolling process is predictable to increase its demand in the market during the forecast period.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. The growth is attributed to the technological advancements in hydraulic fracking technology that have led the U.S. and Canada to emerge as one the largest oil exporters across the world. These countries are making important investments in the development of oil pipeline infrastructure, thereby boosting the demand for seamless pipes in this province.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rising demand for these pipes by the transportation industry in the province. Moreover, rising demand from numerous end-use industries, increase in the research and development activities, attractive prices offered by manufacturers, investment policies by the government to promote industrial growth, rising investment in the expansion of natural gas pipeline network, high economic growth in the emerging countries, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia-Pacific. These are a few factors that motivate the market growth.

Key players in the market

Some of the key players profiled in the Seamless Pipes Market include Zaffertec S.L, United Metallurgical Company, U. S. Steel Tubular Products, Tubecon, The Indian Seamless Metal Tubes Limited, Stahlrohr GmbH, Robor, Nippon, Maharashtra Seamless Ltd. (MSL), Kamal Steel, Jindal, IPP Group, ArcelorMittal, American Piping Products Inc., Alco.

Key Developments:

In Feb 2022: Maharashtra Seamless, acquired 41.82 % United Seamless Tubulaar. The acquisition will consolidate its business of seamless pipes and tubes.

In Nov 2020: Ansteel Group announced that it had successfully developed martensitic stainless steel seamless pipes. This product opens up the seamless steel tube continuous rolling mill high-alloy steel pipe production process, overcomes the problem of short service life of the martensitic stainless steel perforated plug and fills the gap in the field of high-CO2 corrosion-resistant oil well pipe products of Anshan Iron and Steel Group.

In April 2019: TechnipFMC announced that it had contracted Vallourec Soluçoes Tubulares do Brasil to supply about 12,000 tons of seamless steel rigid line pipe for the Mero 1 project in the presalt Santos basin.

Materials Covered:
• Steel & Alloys
• Nickel & Alloys
• Copper & Alloys
• Aluminum & Magnesium Alloys

Production Processes Covered:
• Multi-Stand Plug Mill
• Cross-Roll Piercing & Pilger Rolling
• Continuous Mandrel rolling

Resin Types Covered:
• Vinyl Adhesive
• Polyurethane Adhesive
• Epoxy Adhesive
• Acrylic Adhesive

Technologies Covered:
• Water-Based Adhesive
• Solvent-Based Adhesive
• Hot-Melt Based Adhesive

Applications Covered:
• Carpet
• Laminate
• Tile & Stone
• Wood

End Users Covered:
• Residential
• Industrial
• Commercial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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