According to a new market report published by Lucintel, the future of the seamless pipe market looks promising with opportunities in the oil & gas, infrastructure & construction, power generation, automotive, and engineering industries. The global seamless pipe market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are their durability, strength, corrosion resistance, and increasing usage in offshore rigs & oil field drilling applications.
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Seamless pipes are made of solid steel in sheet or bar forms, formed into a solid round shape, which are then heated and cast over a to create a hollow tube or a shell. In this market, hot finished and cold finished are the major types of seamless pipes. Lucintel forecasts that hot finished seamless pipes will remain the fastest type growing segment over the forecast period, as these pipes are cost-effective, have good machinability, and are often preferred for projects that require high strength and close tolerance.
Within this market, oil & gas will remain the largest end use segment over the forecast period due to their durability, strength, & corrosion resistance properties and increasing use in offshore rigs and oilfield drilling applications.
Asia Pacific is expected to witness the highest growth over the forecast period due to increasing industrialization and rapid infrastructural development in the region.
Zaffertec, Cimco Europe, Wheatland Tube Company, Techint, ISMT, ALCO, Shalco Industries, UMW, United Seamless Tubular, Nippon Steel & Sumitomo Metal, and ArcelorMittal are among the major suppliers in the global seamless pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global seamless pipe market by type, production process, material, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Seamless Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global seamless pipe market by type, production process, material, end use, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Hot Finished
Cold Finished
By Production Process [Value ($ Million) shipment analysis for 2014 – 2025]:
Continuous Mandrel Rolling
Multi-stand Plug Mill (MPM)
Cross-roll Piercing & Pilger Rolling
By Material [Value ($ Million) shipment analysis for 2014 – 2025]:
Steel & Alloys
Copper & Alloys
Nickel & Alloys
Others
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Oil & Gas
Infrastructure & Construction
Power Generation
Automotive
Engineering
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.