Global Seamless Pipes and Tubes Market 2021-2026 - Unconventional Oil & Gas Resources Trigger Demand for High Grade OCTG Products

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Oct 22, 2021, 08:45 ET

DUBLIN, Oct. 22, 2021 /PRNewswire/ -- The "Seamless Pipes and Tubes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Seamless Pipes and Tubes Market to Reach $218.7 Billion by 2026

The global market for Seamless Pipes and Tubes estimated at US$157.8 Billion in the year 2020, is projected to reach a revised size of US$218.7 Billion by 2026, growing at a CAGR of 5.5% over the analysis period.

Hot Finished, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$132.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cold Finished segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 45.7% share of the global Seamless Pipes and Tubes market.

The U.S. Market is Estimated at $41.6 Billion in 2021, While China is Forecast to Reach $40.1 Billion by 2026

The Seamless Pipes and Tubes market in the U.S. is estimated at US$41.6 Billion in the year 2021. The country currently accounts for a 24.87% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$40.1 Billion in the year 2026 trailing a CAGR of 7.1% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$42.6 Billion by the end of the analysis period.

Seamless pipe production capacity is largely concentrated in Asia, particularly in China. Asia Pacific market is expected to benefit mainly from increasing industrialization in the region, followed by rapid infrastructural growth. Russia, Japan, the US, and EU are other leading production centers of seamless pipes, globally.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
Review of Major End-Use Markets Impacted by the Pandemic
Automotive Sector
Manufacturing & Machinery
Oil & Gas Sector
Oil and Gas Companies Set to Adjust Spending in Near Term
Seamless Pipes & Tubes: An Introduction
A Glance at the Production Process
Types of Seamless Pipes and Tubes
Key End-Use Markets
Market Outlook
Unconventional and Deep Water to Buoy Growth Opportunities
Oil & Gas Industry Increases Focus on Energy Transitions
Seamless Pipes Production Scenario
Recent Market Activity
World Brands

2. FOCUS ON SELECT PLAYERS (Total 156 Featured)

ArcelorMittal SA
ChelPipe
EVRAZ
North America JFE Steel Corporation
Jindal SAW Ltd.
Maharashtra Seamless Limited
Nippon Steel Corporation
PAO TMK Tenaris S.A.
Tianjin Pipe (Group) Corporation
UMW Group
United States Steel Corporation
Vallourec & Mannesmann Tubes (France)
Wheatland Tube Company

3. MARKET TRENDS & DRIVERS

Drilling & Well Construction Activity to Post Strong Gains from Demand-Led Rebound
Unconventional Oil & Gas Resources Trigger Demand for High Grade OCTG Products
Deep Water Drilling Widens Opportunities
Tough Operating Environments Drive Demand for High Quality Line Pipes
Horizontal Drilling Benefits Demand
Machinery: An Important Market for Seamless Tubes
High Performance Steel Grades Gain Importance in Machinery
Revival in Automotive Industry to Drive Gains
Power Generation: An Expanding Market for Seamless Pipes
Seamless Tubes in Industrial Boilers
Seamless Tubes in Utility Boilers
Seamless pipes Gain Strength in Load Bearing Applications in the Construction Sector
Rebound in the Construction Sector to Drive Opportunities
Infrastructure Needs Fuel Demand for High Strength Tubes

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

Increasing Complexity of Drilling Activity Holds Opportunities for OCTG Tubes
Shale Plays Transforms US Energy Mix
Value Added Seamless Pipes Gain Traction
ERW Pipes Pose strong Competition to Seamless Pipes
Replacement Market Generates High Demand
Recovery in Automobile Production to Drive Growth
Growth in Construction Spending Post Covid-19 to Improve Prospects
Competitive Landscape
Market Analytics

CANADA

Oil & Gas Industry: A Significant Contributor to Canadian Economy

JAPAN

CHINA

Market Overview
Seamless Pipes & Tubes Market
Production Scenario
Large Automotive Industry Augurs Well for Seamless Tubes Demand
Market Analytics

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

Market Overview
Seamless OCTG Pipes & Tubes Demand in Russia
Rise in Demand for Premium Products
Drilling Complexity Drives Demand for High-Value Products
Opportunities from Exploration of Untapped Oil & Gas Reserves
Greenfield Oil Projects to Boost Demand for Line Pipes
Competitive Landscape
Market Analytics

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

Market Overview
Power Plants Expand Opportunities for Seamless Pipes
Downturn in Automobile Sector Hits Sales
Changing Construction Trends Put the Seamless Pipes Market in Overdrive
Indian Manufacturers Focus on Overseas Markets
Competitive Landscape
Market Analytics

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2cd7ne

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