Seamless Steel Pipes Market Size To Surpass USD 122.2 Billion by 2032; Hot Rolled Segment Leads the Share

Published April 22, 2023

With a CAGR of 7% from its current value of US$ 61.6 billion in 2022, the market for seamless steel pipes is anticipated to reach US$ 122.2 billion by the end of 2032.

Sales of seamless steel pipes made up 55.5% of the total market for steel pipes by the end of 2021. For the conveyance of liquids like oils and chemicals, seamless carbon steel, alloy steel, and stainless steel pipes are frequently used as line pipes. In the mechanical, construction, and automotive industries, they are also utilised as structural components.

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For all factories across the world that make steel-based products, carbon emissions have been a serious concern. The manufacturing and electricity industries are responsible for producing about 72% of the world’s greenhouse gases. Modern blast furnaces release more carbon into the atmosphere, which can be a serious problem if emissions exceed the caps set by legislation like the Clean Air Act in the U.S. and the Paris Law in the EU union. As a result, businesses have started using conventional low-emission electric arc furnaces.

Why are Hot Rolled Seamless Steel Pipes Most Extensively Utilized?

Steel is rolled at a high temperature, usually above the temperature at which it recrystallizes, to create hot rolled steel. Hot rolling seamless steel tubes can improve the mechanical properties of steel by compacting the steel structure, removing structural faults, and refining the steel grain. In addition, they can repair fractures, osteoporosis, and bubbles caused by pouring under high heat and pressure.

Due to the ease with which they may be created at high temperatures without encountering any additional delays, heat rolled pipes can be produced in greater quantities than cold rolled steel. It alters the microstructure of the substance in a way that increases its tensile strength and ductility.

Cold rolled pipes are frequently more challenging to work with than hot rolled ones because of the higher carbon content. Today, hot rolled SSPs are preferred, and several vendors and producers supply them globally.

In addition, the hot rolled pipes sub-segment is anticipated to develop at a CAGR of 7.7% throughout the estimated period due to the expanding economy.

Key Players

  • ArcelorMittal
  • American Piping Products Inc.
  • Benteler
  • Hunan Valin Co. Ltd
  • JFE Steel Corp.
  • Jindal SAW Ltd
  • Nippon Steel & Sumitomo Metal Corporation
  • Tenaris SA
  • TATA Steel
  • United States Steel
  • Vallourec SA

How Growing Steel Industry Surging Seamless Steel Pipe Consumption?

Steel is used in almost every industry, from the building to the automotive. Iron ore is transformed into crude steel utilising a basic oxygen furnace (BOF), reduction with limestone, and coal/coke processing. Resource usage in power plants, construction, and other industries has increased as a result of urbanisation and the world’s population’s rapid growth.

Additionally, the growing steel industry has generated an excess of raw materials for companies that make seamless steel. On the other side, areas like China that have greater access to steel have experienced a decrease in steel prices. Global steel output reached 1.9 billion tonnes in 2021, up 3.6% from 2020.

As a result, manufacturers were able to stabilise their prices, which had an impact on all other market categories.

The size, consumption, cost, revenue, growth, production, gross margin, and market-influencing factors of the global market for seamless steel pipes are all examined in this report. This research is a thorough numerical examination of a business that provides details for creating plans for market expansion and success.

The analysis includes projections for market share, industry size, revenue, gross margin, pricing, cost structure, and decision-making growth rates. It offers a complete analysis of the market and information on several topics, such as motivators, constraints, opportunities, and dangers. Stakeholders can use this information to inform their decisions before investing.

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This research gives extensive market knowledge with leading profiles in the Seamless Steel Pipes market. It contains data that has been verified using a limited number of research approaches and primary or secondary sources.

SWOT, PESTEL, primary and secondary research techniques, as well as various analytic procedures are used to develop the consumer study. These factors include drivers, share, size, market revenues, potential and problems, significant players, dominating nations, changing market dynamics for seamless steel pipes, economic instability, and other competitive features.

The thesis covers a broad range of topics, including significant product offers, industry history, critical statistics, risk analysis, marketing and sales strategies, product growth, recent developments and new product releases, innovation and progress, and various Seamless Steel Pipes business practises.

Segmentation of Seamless Steel Pipe Industry Research

  • By Process :
    • Hot Rolled
    • Cold Rolled
  • By Coating :
    • 3 PE Coating
    • FBE Coating
    • 3 PP Coating
  • By Material :
    • Stainless Steel
    • Alloy Steel
    • Carbon Steel
    • Others (Duplex SS etc.)
  • By Dimension :
    • < 10 Inches
    • 10-15 Inches
    • > 15 Inches
  • By End-use Industry :
    • Oil and Gas
    • Energy and Power
    • Construction
    • Automotive
    • Chemicals
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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Key Points Covered in the Seamless Steel Pipes Report:

• The Seamless Steel Pipes market study often examines important trends, risks and incentives, components, industry conditions, and difficulties in the global market.
• The report employed a variety of data and graphs to present a more complete picture of the Seamless Steel Pipes market.
• The global analysis contained a preliminary assessment of the industry’s size as well as a full review of the sector.
• This research gives a fast snapshot of the current situation of worldwide regions. The Seamless Steel Pipes report includes top sellers, unions, stores, malls, and enterprises.
• The report also contains comprehensive insights into the market segmentation.

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