Dublin, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The "Seamless Pipes Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global seamless pipes 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 pipes market is expected to grow to $272.73 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%.
North America was the largest region in the seamless pipes market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the seamless pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The installation of new transmission pipelines is expected to propel the growth of the seamless pipes market going forward. Transmission pipelines refer to large-diameter steel pipes, used to transport crude oil from their respective gathering systems to refining, processing, or storage facilities. The rapid growth in the installation of new transmission pipelines is expected to boost the utilization of seamless pipes, as they are used as the primary component in these pipelines.
For instance, in November 2021, according to the U.S. Energy Information Administration, a principal agency of the U.S. federal statistical system, new transmission pipelines were constructed that have about 3 million miles of mainline and other pipelines are also being built that link natural gas production areas and storage facilities with consumers. Further, in 2020, this natural gas transportation network delivered about 27.7 trillion cubic feet of natural gas to approximately 77.3 million customers. Therefore, installing new transmission pipelines across the globe is expected to boost the demand for seamless pipes during the forecast period.
Technological advancements are a key trend gaining popularity in the seamless pipes market. Major players operating in the seamless pipes market are focusing on developing innovative products for various industries such as oil and gas, hydrogen energy, and others to strengthen their position in the market.
For instance, in July 2021, TMK Company, a Russia-based manufacturer of seamless pipes developed smart pipes for trunk gas pipelines with Gazprom, a state-owned multinational energy corporation based in Russia. The new technical solution was developed to monitor and diagnose pipeline infrastructure integrity. The pipes have uniquely built-in sensors, which provide updates on gas pipeline stress-strain behaviour in real-time and assess its remaining service life to prevent emergencies.
In April 2020, Maruichi Steel Tube Ltd, a Japan-based producer of seamless pipes, welded steel pipes, structural tubes, and conduit tubes acquired Kobelco Steel Tube. Co. Ltd for the deal amount of $100 million. The acquisition is expected to strengthen Maruichi's businesses by expanding manufacturing plants in USA and Asia to grow and support decreasing domestic demands for structural steel pipes both in domestic and international markets. Kobelco Steel Tube. Co. Ltd is a Japan-based manufacturer, specializing in seamless stainless steel pipes and tubes.
Scope
Markets Covered:
1) By Type: Hot Finished Seamless Pipes; Cold Finished Seamless Pipes
2) By Materials: Steel and Alloys; Copper and Alloys; Nickel and Alloys; Magnesium Alloys; Other Materials
3) By Production Process: Continuous Mandrel Rolling; Multi-Stand Plug Mill; Cross Roll Piercing; Pilger Rolling
4) By Application: Oil and Gas; Building and Construction; Power Generation; Automotive; Aviation; Other Applications
Key Topics Covered:
1. Executive Summary
2. Seamless Pipes Market Characteristics
3. Seamless Pipes Market Trends And Strategies
4. Impact Of COVID-19 On Seamless Pipes
5. Seamless Pipes Market Size And Growth
6. Seamless Pipes Market Segmentation
7. Seamless Pipes Market Regional And Country Analysis
8. Asia-Pacific Seamless Pipes Market
9. China Seamless Pipes Market
10. India Seamless Pipes Market
11. Japan Seamless Pipes Market
12. Australia Seamless Pipes Market
13. Indonesia Seamless Pipes Market
14. South Korea Seamless Pipes Market
15. Western Europe Seamless Pipes Market
16. UK Seamless Pipes Market
17. Germany Seamless Pipes Market
18. France Seamless Pipes Market
19. Eastern Europe Seamless Pipes Market
20. Russia Seamless Pipes Market
21. North America Seamless Pipes Market
22. USA Seamless Pipes Market
23. South America Seamless Pipes Market
24. Brazil Seamless Pipes Market
25. Middle East Seamless Pipes Market
26. Africa Seamless Pipes Market
27. Seamless Pipes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Seamless Pipes Market
29. Seamless Pipes Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Zaffertec S.L.
- Alco SAS
- Nippon Steel Corporation
- ArcelorMittal SA
- JFE Steel Corporation
For more information about this report visit https://www.researchandmarkets.com/r/5o3mhp
