Seamless Steel Pipes Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence

July 22 01:23 2022
Seamless Steel Pipes Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence
DataM Intelligence
Global Seamless Steel Pipes Market is expected to grow at a CAGR of 3.8% during the forecasting period (2022-2029).

Market Overview

Seamless Steel Pipe is made from a solid round steel ‘billet’, which is a solid length of metal in square or circle form. It is heated and pushed or pulled over a form until the steel is shaped into a hollow tube, thus there are no welding or joints. It is used in high pressure, most critical locations and under most severe operating conditions.

 

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Market Dynamics

Demand from Oil and Gas Industry

The market is growing majorly due to rising demand from the oil and gas industry. It has higher strength and thus increasingly used in industrial boiler applications in the sector. According to the Nippon Steel, an advanced manufacturer of boilers, high-efficiency generation of seamless steel pipes has been in demand to control total carbon dioxide emissions, and for worldwide conservation of the global environment. Its various application includes ultra-supercritical pressure boilers, pressurized fluidized bed boilers, heat recovery steam generators of gas turbine combined cycle, and high-efficiency industrial waste incineration boilers. Steel tubes and pipes, to be used to respond to these situations, have been in demand to maintain both high quality and high performance. Seamless pipes are chosen over others, owing to their strength, durability, and corrosion resistance.

The rising demand of oil prices lead to an increasing demand for its efficient production which requires investment in advanced infrastructure. According to IEA (International Energy Agency), the global demand for oil pipe is expected to grow by 6.2% in 2021 which is 3% below 2019 levels due to COVID-19 impact however, it  is projected to rise in the forecast period. For gas, the global demand is expected to be 3.2% for the year 2021, and would exceed 2019 levels by 1%. Demand for gas pipe has strongly outpaced that for oil pipe, owing to a large part to infrastructure development. Demand for seamless steel pipes has benefited from the construction of new transmission lines needed to transport oil and gas from drilling sites to customers, and the need for gathering systems at new drilling sites. The seamless pipe has outpaced welded pipe in recent years, reflecting strong growth for the market majority of the application requires the high strength of the seamless pipe.

 

Market Segmentation

By Material Type

  • Alloy Steel Pipes
  • Stainless Steel Pipe
  • Carbon Steel Pipes
  • Others

By Manufacturing Process

  • Hot Finished Seamless Pipes
  • Cold Finished Seamless Pipes

By Pressure

  • High Pressure
  • Medium Pressure
  • Low Pressure

By Diameter

  • Small diameter pipes
  • Large diameter pipes

By End-User

  • Oil and Gas Industry
  • Construction
  • Automotive
  • Power Industry
  • Chemical Industry
  • Aviation and Aerospace
  • Industrial Plant Processing
  • Others

 

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Competitive Analysis

Some of the major players in the seamless steel pipes market are Vallourec SA, Chelpipe, OAO TMK, Tenaris SA, Baosteel Group Corporation, JFE Steel Corporation, US Steel, TPCO, ArcelorMittal S.A., Syngenta, Voestalpine Tubulars GmbH & Co KG, Weifang East Steel Pipe, Torich International, among others. The market is oligopolistic in nature. The companies invest heavily to update technologies.

For instance, WSSL (Welspun Speciality Solutions) has stainless-steel seamless pipe & tube manufacturing capacity of ~18,000 tons per annum. The company has invested heavily in the latest infrastructure, equipped with ultra-modern technologies. Large companies use their own billets for the production of seamless steel pipes which cuts the cost of production. For instance, Pervouralsk Pipe plant a leading steel pipe enterprise in Russia and Europe produces over 25,000 typical sizes and profiles of pipes made from over 200 grades of carbon, alloy, and stainless steels; 85% of all seamless pipes are made using its own billets produced by the Iron Ozone 32 mill.

 

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