Seamless Pipes Market Size, Share, Growth, Industry Analysis, Trends And Global Forecast 2023-2032 | Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, Tenaris S.A., Vallourec AG

As per The Business Research Company's Seamless Pipes Opportunities And Strategies Market Report 2023, the global seamless pipes market size will grow 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 market size of seamless pipes is expected to grow to $296.5 billion in 2027 at a CAGR of 5.2%.

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. For instance, in November 2021, according to the U.S. Energy Information Administration, a principal agency of the U.S. federal statistical system, new transmission pipelines were constructed that have about 3 million miles of mainline and other pipelines are also being built that link natural gas production areas and storage facilities with consumers. Further, in 2020, this natural gas transportation network delivered about 27.7 trillion cubic feet of natural gas to approximately 77.3 million customers. Therefore, installing new transmission pipelines across the globe is expected to boost the demand for seamless pipes during the forecast period.

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Technological advancements are a key trend gaining popularity in the seamless pipes market. 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.

Seamless Pipes Market Segmentation:
The seamless pipes market is segmented by type, by materials , by production process and by type of application .
By Type -
a) Hot Finished Seamless Pipes
b) Cold Finished Seamless Pipes

By Materials -
a) Steel and Alloys
b) Copper and Alloys
c) Nickel and Alloys
d) Magnesium Alloys

By Production Process -
a) Continuous Mandrel Rolling
b) Multi-Stand Plug Mill
c) Cross Roll Piercing
d) Pilger Rolling

By Application -
a) Oil and Gas
b) Building and Construction
c) Power Generation
d) Automotive
e) Aviation

Major players in the seamless pipes market include Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, Tenaris S.A., Vallourec AG.

The regions covered in the global seamless pipes market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Seamless Pipes Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Seamless Pipes Market Report Table Of Content
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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