Seamless Pipes - Global Market Outlook (2017-2023)

LONDON, Oct. 3, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Seamless Pipes Market is accounted for $176.95 billion in 2016 and is expected to reach $270.65 billion by 2023 growing at a CAGR of 6.2% during the forecast period.

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Growing demand for seamless pipes from the oil & gas industry and flexible pipes are some of the key factors favouring the market growth. However, strict ecological regulations and fluctuation in raw material cost are restraining the market. Future demand for seamless pipes from developing countries provides ample of opportunities for the market growth.

Seamless pipe manufacturing uses hot rolled round bar billet of carbon steel or steel alloy. Seamless pipes are used where power, conflict to corrosion, and product life is critical.

A seamless pipe can be high pressure, temperature, higher mechanical stress, and corrosive atmosphere. A seamless steel pipe is made up of solid round steel 'billet', which is heated and pushed or pulled over a form until the steel is shaped into a hollow tube. Ultra-high strength and corrosion-resistant properties make the seamless pipe perfect for the oil & gas industry, steam boilers, chemical and other processing industries, pipelines, installation with high and supercritical steam and pressure conditions, etc.

Hot finished seamless pipes are cost-effective. These pipes have good machinability and are often preferred for projects that require high strength and close tolerance. Hot Finished Seamless (HFS) as differentiated from Cold Drawn Seamless (CDS) pipes and tubes are made by heating a solid billet or bloom and then punching or piercing it to make a hollow out of it.

This hollow is subsequently passed through one or multiple stands with or without a tool inside to give it the final pipe or tube dimensions. It is possible to manufacture large diameter and thick pipes of various grades in high volume through the HFS process. With the improvement in technology, HFS pipes & tubes now come with close dimensional tolerance & good surface finish.

Asia Pacific is expected to grow at a fastest CAGR due to the growing industrialization and rapid infrastructural growth. Seamless pipes are broadly used in various applications of construction sectors because of thermal resistance and chemical resistance.

Some of the key players in Seamless Pipes market include Cimco Europe C.F, PAO TMK, Tenaris S.A., Nippon Steel & Sumitomo Metal Corporation, Vallourec SA, JFE Holdings, Inc., Sandvik AB, Zaffertec S.L., Tubos Reunidos, S.A., Umw Holdings Berhad, Salzgitter Mannesmann Stainless Tubes, Tianjin Pipe(Group) Corporation, Shalco Industries Pvt. Ltd., Evraz PLC and Jindal Saw Ltd.

Materials Covered:
-- Copper & Alloys
-- Nickel & Alloys
-- Steel & Alloys
-- Other Materials

Pipes Types Covered:
-- Cold Finished Seamless Pipes
-- Hot Finished Seamless Pipes

End Users Covered:
-- Infrastructure & Construction
-- Automotive
-- Oil & Gas
-- Engineering
-- Power Generation
-- Other End Users

Production Process Covered:
-- Multi-Stand Plug Mill
-- Cross-Roll Piercing & Pilger Rolling
-- Continuous Mandrel Rolling

Regions Covered:
-- North America
o US
o Canada
o Mexico
-- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
-- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
-- South America
o Argentina
o Brazil
o Chile
o Rest of South America
-- Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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