The major players in seamless tubes market are Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, Tenaris SA, Vallourec AG, Jindal Saw Ltd., Sandvik AB, Shalco Industries Pvt. ltd. , United Seamless Tubular Pvt.
New York, Sept. 30, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Seamless Pipes Global Market Report 2022” – https://www.reportlinker.com/p06323512/?utm_source=GNW
Ltd., IPP Europe Ltd., TMK Group, United States Steel Corporation, Salzgitter Mannesmann Stainless Tubes GmbH, Tubos Reunidos SA, Zekelman Industries Inc. and Kamal Steel.
The global seamless tube market is expected to grow from $217.42 billion in 2021 to $227.21 billion in 2022 at a compound annual growth rate (CAGR) of 4.5%. The seamless tube market is expected to reach $272.73 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%.
The Seamless Tubes Market includes the sales of Seamless Tubes by Entities (Organizations, Independent Traders and Partnerships) are long steel tubes which are lightweight tubes with advantages such as high temperature resistance, heat resistance fatigue and good impact resistance and are used for applications such as water or oil conveyance, and heavy wall tubing applications that can withstand high pressures or operate in extreme environments. Seamless pipes refer to solid steel pipes, which come in sheet or bar form and are formed into a solid round shape, then heated and cast onto a shape such as a drill rod to create a tube hollow or shell.
The main types of seamless pipes are hot finished and cold finished seamless pipes.
The various materials used in the manufacture of seamless tubes include steel and alloys, copper and alloys, nickel and alloys, magnesium alloys, and other materials. , cross roller drilling and pilgrim rolling.
Seamless pipes are used in various industries such as oil and gas, building and construction, power generation, automotive, aviation and other applications.
North America was the largest region in the seamless pipe market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Seamless Tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle -East and Africa.
The Seamless Tubes Market research report is one of a series of new reports that provide statistics on the Seamless Tubes market, including the global Seamless Tubes industry market size, regional shares, competitors holding Seamless Tubes market share, Detailed Seamless Tubes market segments, market trends and opportunities. , and any other data you may need to thrive in the seamless tubing industry. This Seamless Pipes Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
The installation of new transmission pipelines is expected to propel the seamless pipe market growth in the future.
The rapid growth in the installation of new transmission pipes is expected to boost the use of seamless pipes, as they are used as the main component of these pipes. For example, in November 2021, according to the US Energy Information Administration, a principal agency of the US Federal Statistical System, new transmission pipelines were constructed which have approximately 3 million miles of mainline and other pipelines are also under construction that connect natural gas production areas and storage facilities with consumers. Additionally, in 2020, this natural gas transmission system delivered approximately 27.7 trillion cubic feet of natural gas to approximately 77.3 million customers. Hence, the installation of new transmission pipelines across the world is expected to boost the demand for seamless pipes during the forecast period.
Technological advancement is a key trend that is gaining popularity in the seamless pipe market. The major players operating in the seamless tubes market are focusing on developing innovative products for various industries such as oil & gas, hydrogen power, and others to strengthen their position in the market.
For example, in July 2021, TMK Company, a Russian manufacturer of seamless pipes, developed smart pipes for gas mains with Gazprom, a state-owned energy multinational based in Russia. The new technical solution was developed to monitor and diagnose gas pipelines. infrastructure integrity.
The pipes have unique built-in sensors, which provide updates on the stress-strain behavior of the pipeline in real time and assess its remaining life to prevent emergencies.
In April 2020, Maruichi Steel Tube Ltd, a Japanese producer of seamless tubes, welded steel tubes, structural tubes and conduit tubes acquired Kobelco Steel Tube.Co.
Ltd for $100 million. The acquisition is expected to strengthen Maruichi’s business by expanding manufacturing facilities in the United States and Asia to grow and support declining domestic demand for structural steel tubing in domestic and international markets.
Kobelco Steel Tube.Co.
Ltd is a Japan-based manufacturer specializing in seamless stainless steel pipes and tubes.
The countries covered in the Seamless Tube market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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