Press release
Global Seamless Pipes Market 2023: Recent Developments, Industry Size, Production Analysis, Business Outlook And Forecast To 2032 | Major Players Are Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, Tenaris S.A., Vallourec AG
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Seamless Pipes Market Size, Growth Rate, And Forecast:
The global seamless pipes market size grew from $228.19 billion in 2022 to $242.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The seamless pipes market size is expected to grow to $296.5 billion in 2027 at a CAGR of 5.2%.
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Seamless Pipes Market Drivers:
The installation of new transmission pipelines is expected to propel the growth of the seamless pipes market going forward. Transmission pipelines refer to large-diameter steel pipes, used to transport crude oil from their respective gathering systems to refining, processing, or storage facilities. The rapid growth in the installation of new transmission pipelines is expected to boost the utilization of seamless pipes, as they are used as the primary component in these pipelines.
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Seamless Pipes Market Segments:
By Type: Hot Finished Seamless Pipes, Cold Finished Seamless Pipes
By Materials: Steel and Alloys, Copper and Alloys, Nickel and Alloys, Magnesium Alloys, Other Materials
By Production Process: Continuous Mandrel Rolling, Multi-Stand Plug Mill, Cross Roll Piercing, Pilger Rolling
By Application: Oil and Gas, Building and Construction, Power Generation, Automotive, Aviation, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Seamless Pipes Market.
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Seamless Pipes Market Key Players:
Major competitors in the seamless pipes market include Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, Tenaris S.A., Vallourec AG, Jindal Saw Ltd., Sandvik AB, Shalco Industries Pvt. Ltd.
The Business Research Company's "Global Seamless Pipes Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Seamless Pipes Market Include:
1. Executive Summary
2. Seamless Pipes Market Characteristics
3. Seamless Pipes Market Trends And Strategies
4. Seamless Pipes Market - Macro Economic Scenario
5. Seamless Pipes Market Size And Growth
……
26. Africa Seamless Pipes Market
27. Seamless Pipes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Seamless Pipes Market
29. Seamless Pipes Market Future Outlook and Potential Analysis
30. Appendix
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