Press release
Cold Drawn Seamless Steel Pipes Market Projected to Reach $22,335.7 Million by 2029
This comprehensive study forecasts a robust growth trajectory for the Cold Drawn Seamless Steel Pipes Market, estimating it to burgeon at a CAGR of 8.0% from 2022, ultimately reaching a valuation of $22,335.7 million by 2029. The market's expansion is primarily attributed to the escalating demand for seamless pipes within the oil & gas sector.
Download Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5266
Key Market Dynamics
The report underscores the pivotal role of increased offshore spending and the discovery of new oilfields in fostering substantial growth opportunities for market players. However, challenges such as trade protectionism and the emergence of new substitutes are anticipated to impede market growth. Additionally, volatile raw material prices and diminished demand in saturated markets are projected to further restrain the market's expansion.
Segmentation Insights
The global cold drawn seamless steel pipes market is meticulously segmented based on standard, product type, production process, application, end-use industry, and geography. The report delves into comprehensive analyses at the country level while also evaluating industry competitors.
Have Any Query ? Speak To Our Analyst : https://www.meticulousresearch.com/speak-to-analyst/cp_id=5266
Market Segments Overview
Standard Segmentation: The market is segmented into various standards, including ASTM A179, ASTM A106, ASTM A511/A511M, ASTM A213, ASTM A192, ASTM A209, ASTM A210, ASTM A333, ASTM A335, ASTM A53, and other standards. The report highlights the dominance of the ASTM A335 segment in 2022, attributed to the rising need for seamless ferritic alloy steel pipes in high-temperature services.
Product Type Segmentation: Segments include MS seamless steel pipes, hydraulic MS seamless pipes, ERW square & rectangular hollow section pipes, and honed tubes. The report indicates the MS seamless steel pipes segment as the market leader, driven by its high strength and pressure-bearing capability, particularly in the construction industry.
Production Process Segmentation: Segments encompass cross-roll piercing & pilger rolling, multi-stand plug mill, and continuous mandrel rolling. The cross-roll piercing & pilger rolling segment dominates the market, owing to its simplicity and superior surface finish.
Application and End-use Industry Segmentation: Applications range from precision instrumentation to general engineering applications, while end-use industries include oil & gas, infrastructure & construction, power generation, automotive, and others. The report highlights the dominance of boiler tubes in the market and the burgeoning demand within the oil & gas sector.
Quick Buy @ https://www.meticulousresearch.com/Checkout/86363352
Geographical Insights
Geographic segmentation covers North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is identified as the leading regional market, poised to exhibit the highest CAGR during the forecast period, driven by industrialization, urbanization, and burgeoning demand from key industries.
Key Players
The report profiles prominent market players, including Nippon Steel Corporation, ArcelorMittal S.A., Jindal Saw Ltd., ISMT Ltd., Salzgitter AG, Tenaris S.A., JFE Holdings, Inc., American Piping Products Inc., Chicago Tube and Iron Company, United Seamless Tubulaar Private Limited, Xiamen Landee Industries Co., Ltd., Hunan Standard Steel Co., Ltd., U. S. Steel Tubular Products Inc., Sunny Steel Enterprise Ltd., and Bri-steel manufacturing.
Contact :
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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 Cold Drawn Seamless Steel Pipes Market Projected to Reach $22,335.7 Million by 2029 here
News-ID: 3381318 • Views: …
More Releases from Meticulous Research®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
More Releases for ASTM
ASTM A333 Seamless Low Temperature Steel Pipe
Product introduction ASTM A333 is the standard specification given to all the welded as well as seamless steel, carbon and alloy pipes which are intended to be used at places of low temperatures. The ASTM A333 pipes are used as heat exchanger pipes and pressure vessel pipes.
As it was stated in the above section, that these pipes are used in the areas where temperature is extremely low, they are used…
Difference between ASTM A513 and ASTM A500 rectangular tubes
What is a rectangular tube?
Rectangular tube is a long hollow steel material with a rectangular cross-section. They are typically made of steel, aluminum, or other metals and have a variety of uses and applications. When the bending and torsion strength are the same, the weight is lighter, so it is widely used in manufacturing mechanical parts and engineering structures.
The difference between ASTM A513 and ASTM A500 rectangular tubes:
ASTM A500 (also…
Youfa Steel Pipe Group: ASTM A53 Carbon Steel Pipe Manufacturer
Short Description:
Youfa Advantange:
1.100% after-sales quality and quantity assurance. 22 years experience in manufacturing and exporting steel products since 2000.
2. Large Stock for regular sizes. 16 Consecutive Years of The First Production and Sales-Over 1300,0000 Tons sales and production
3. Strong produce capability and capital flow.
4. Listed company in Shanghai Exchange Stock
5. Top 500 manufacturing of China
6. National 3A grade industrial park tourist attractions - Green and environment-friendly factory Min. Order Quantity:…
ASTM F963-16 is Accepted as Mandatory Toy Safety Standard
On February 2, 2017, the US Consumer Product Safety Commission (CPSC) published a direct final rule in the Federal Register authorizing ASTM F963-16 as the consumer product safety standard for toys.
ASTM F963-16, issued in October 2016 by the American Society for Testing and Materials (ASTM), contains several important changes from previous versions of the standard. These include changes relating to:
• Magnets
• Projectiles
• Toy Chests
• Batteries
• Microbiological Safety
• Heavy Elements, such as heavy metals in textiles…
Voluntary Safety Standard for Liquid Laundry Packets Published by ASTM
ASTM International has published a standard for liquid laundry packets. The standard details labeling, warning statements, specifications and testing methods for determining: content retention, force compression, and the presence of aversive agents in the soluble film.
The key points of the new standard are:
• It applies exclusively to household liquid laundry detergent packets
• Packaging should be opaque or otherwise mask the visibility of the packets. Graphics that make the packaging appear translucent or…
ASTM Revises Standards for Children’s Chairs and Stools
The standards organization, ASTM International (ASTM), has revised its safety standard for Children’s Chairs and Stools. Published in May 2016, the new standard, ASTM F2613-16, replaces ASTM F2613-14.
The new standard has added a number of changes, including:
• Addition of a definition for chairs with side containment
• Revision of the definition for rigid frame
• Changing the requirement and test method for stability
• Addition of standards for sideways stability for chairs with side containment
• Addition of…
