Press release
Seamless Pipes Market is Encouraged to Reach US$ 278.6 billion by 2032 | Persistence Market Research
Seamless Pipes Market
The global seamless pipes market was projected to reach a value of US$ 278.6 billion by 2032, growing at a CAGR of 5.2% from 2021 to 2032.
The increasing demand for seamless pipes in the oil and gas industry and the growing construction industry are the primary factors driving the growth of the market. Moreover, the rising demand for energy and the expansion of industrial activities in emerging economies are also contributing to the growth of the seamless pipes market.
Click Here to Get Free Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/17815
The report analyzes the current and future market trends, drivers, challenges, and opportunities for the global seamless pipes market. The market has been segmented on the basis of type, material, end-use industry, and geography. The report provides market size and forecast for each segment for the period 2021-2028.
Key Findings:
• The global seamless pipes market is expected to grow at a CAGR of 5.8% during the forecast period.
• The oil and gas industry is the largest end-use industry for seamless pipes, accounting for over 40% of the market share in 2022.
• Carbon steel is the most commonly used material for seamless pipes, accounting for over 50% of the market share in 2022.
• Asia Pacific is the largest market for seamless pipes, accounting for over 40% of the market share in 2022.
• The COVID-19 pandemic has adversely affected the seamless pipes market, leading to a decline in demand and production.
Market Dynamics:
Drivers:
• Growing demand for seamless pipes in the oil and gas industry: Seamless pipes are extensively used in the oil and gas industry for transporting oil, gas, and other fluids. The increasing demand for energy worldwide is driving the growth of the oil and gas industry, which, in turn, is fueling the demand for seamless pipes.
• Increasing construction activities: Seamless pipes are widely used in the construction industry for various applications such as structural support, water supply, and drainage systems. The growing construction industry in emerging economies such as China and India is expected to drive the growth of the seamless pipes market.
• Expansion of industrial activities in emerging economies: The expansion of industrial activities in emerging economies such as China, India, and Brazil is expected to drive the demand for seamless pipes in various end-use industries such as power generation, automotive, and aerospace.
Market Players:
• Sandvik AB
• ArcelorMittal S.A.
• D.P. Jindal Group
• American Piping Products Inc.
• U.S. Steel Tubular Products.
• Maxim Tubes Company Pvt. Ltd.
• Nippon Steel & Sumitomo Metal Corporation
• Ferrostaal Piping Supply GmbH
• Penn Stainless TOS
• Michigan Seamless Tube, LLC.
• Tenaris and more
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/17815
Restraints:
• Volatility in raw material prices: The price of raw materials such as steel and alloys used in the manufacturing of seamless pipes is subject to fluctuations. This makes it difficult for manufacturers to maintain a stable profit margin.
• Competition from welded pipes: Welded pipes are an alternative to seamless pipes and are widely used in various applications. Welded pipes are cheaper than seamless pipes and are often preferred in low-pressure applications.
Segmentation:
The global seamless pipes market has been segmented on the basis of type, material, end-use industry, and geography.
By Type:
• Hot Finished Seamless Pipes
• Cold Finished Seamless Pipes
By Material:
• Carbon Steel
• Alloy Steel
• Stainless Steel
By End-Use Industry:
• Oil and Gas
• Power Generation
• Automotive
• Aerospace
• Construction
• Others
By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Request for Table of Content@https://www.persistencemarketresearch.com/toc/17815
Opportunities:
Growing demand for renewable energy: The increasing demand for renewable energy sources such as wind and solar power is expected to drive the demand for seamless pipes in the manufacturing of wind turbines and solar panels.
Increasing demand for natural gas: The growing demand for natural gas as a cleaner source of energy is expected to drive the demand for seamless pipes in the transportation and distribution of natural gas.
Request you to Read More-
Oil and Gas Pipes Market - https://www.persistencemarketresearch.com/market-research/oil-gas-pipes-market.asp
America Pipe Fittings Market -https://www.persistencemarketresearch.com/market-research/americas-pipe-fittings-market.asp
Large Bore Vacuum Insulated Pipe Market - https://www.persistencemarketresearch.com/market-research/large-bore-vacuum-insulated-pipe-market.asp
Plastic Pipes Market - https://www.persistencemarketresearch.com/market-research/plastic-pipes-market.asp
About us: -
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.
Contact Us:
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Seamless Pipes Market is Encouraged to Reach US$ 278.6 billion by 2032 | Persistence Market Research here
News-ID: 2952051 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Pipe
Seamless casing pipe vs ERW casing pipe
Seamless steel casing pipes-casing made of seamless steel pipe as raw material
Seamless pipe refers to a steel pipe manufactured by four methods: hot rolling, cold rolling, hot drawing, and cold drawing. There is no weld seam on the pipe body itself.
ERW casing pipe-casing made of electric welded pipe as raw material
ERW pipe refers to a straight seam welded pipe manufactured through a high-frequency resistance welding process. The raw material steel…
Comparison of ERW Welded Pipe and Seamless Steel Pipe (tested by PetroChina Pipe …
1. Outer diameter tolerance
ERW steel pipe: It is cold-formed and sizing is completed by reducing the diameter by 0.6%. The process temperature is basically constant at room temperature. Therefore, the outer diameter is controlled accurately and the fluctuation range is small, which is helpful to eliminate black leather buckles.
Seamless steel tube: The hot-rolling forming process is used, and its sizing is completed at about 8000C. The raw material composition, cooling…
Conduit Pipe Market Bolstered by Emerging New Advancements, Says QYR | ABB, Nati …
LOS ANGELES, United States: The report is an all-inclusive research study of the global Conduit Pipe market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. The market analysts and researchers have done extensive analysis of the global Conduit Pipe market with the help of research methodologies such as PESTLE and Porter’s Five Forces analysis. They have provided accurate and reliable market data and useful recommendations…
HDPE Pipes Market Current Trends and Detailed Study with Forecast to 2028 | Oil …
Global HDPE Pipes Market: Overview
The application of high density polyethylene (HDPE) pipes has increased in industry like chemical, electronics, and gas distribution. As a result of this extensive application, the global HDPE pipes market is witnessing a substantial growth in the forecast period of 2018 to 2028. Moreover, the growing demand for HDPE pipes in drainage and sewerage industry is another factor that is responsible for the growth of…
Global HDPE 100 Pipe Market 2017 LESSO, Cangzhou Mingzhu, Junxing Pipe, Ginde Pi …
In this report, the global HDPE 100 Pipe market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Global Market Report HDPE 100 Pipe Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This HDPE 100 Pipe Industry report also states Company Profile, sales,…
Anti-corrosion Steel Pipe and Coating Steel Pipe
Anti-corrosion steel pipe refers to do anti-corruption treatment for the ordinary steel pipe with special technology, making the steel pipe equipped certain corrosion resistance.Generally used in waterproof, anti-rust, acid and alkali proof, anti-oxidation and so on.Different needs, different inside and outside wall corresponding anti-corrosion measures.Common are: epoxy coal tar anti-corrosion, anti-corrosion epoxy coatings, urethane paint anti-corrosion, IPN8710 water pipeline corrosion protection, non-toxic paint anti corrosion,anti-corrosion polymer coating, steel pipe lining…
