Press release
Seamless Pipes Market Share, Key Insights, Trends Analysis And Outlook By 2032
Seamless Pipes Market Analysis
The Business Research Company's Seamless Pipes Global Market Report 2023 identifies installation of new transmission pipelines as the major driver for the seamless pipes market's growth in the forecast period. 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.
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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Major competitors in the seamless pipes market are Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, Tenaris S.A., Vallourec AG, Jindal Saw Ltd.
A key trend in the seamless pipes market includes technological advancement. Major players operating in the seamless pipes market are focusing on developing innovative products for various industries such as oil and gas, hydrogen energy, and others to strengthen their position in the market. For instance, in July 2021, TMK Company, a Russia-based manufacturer of seamless pipes developed smart pipes for trunk gas pipelines with Gazprom, a state-owned multinational energy corporation based in Russia. The new technical solution was developed to monitor and diagnose pipeline infrastructure integrity. The pipes have uniquely built-in sensors, which provide updates on gas pipeline stress-strain behaviour in real-time and assess its remaining service life to prevent emergencies.
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The seamless pipes market is segmented -
1) By Type: Hot Finished Seamless Pipes, Cold Finished Seamless Pipes
2) By Materials: Steel and Alloys, Copper and Alloys, Nickel and Alloys, Magnesium Alloys, Other Materials
3) By Production Process: Continuous Mandrel Rolling, Multi-Stand Plug Mill, Cross Roll Piercing, Pilger Rolling
4) 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.
The Business Research Company's "Global Seamless Pipes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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