Global Market for Seamless Pipes & Tubes is Projected to Reach 70.5 Million Tons by 2020

Surging Demand from the Energy Sector Drives the Global Seamless Pipes and Tubes Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Seamless Pipes and Tubes markets. Global market for Seamless Pipes and Tubes is projected to reach 70.5 million tons by 2020, primarily driven by increasing oil & gas exploration and production activity as well as growing demand for premium pipes.

Demand for seamless pipes and tubes is primarily linked to the dynamics of the energy sector and closely follows the trend in oil and gas rigs count. Given the high strength and corrosion resistant features of seamless pipes, these products also find use in chemical and other types of processing industries, steam boilers, pipelines, and applications requiring high pressure and steam conditions. Over the years, explosive growth in oil exploration and production operations has ensured strong demand for oil country tubular goods (OCTG) pipes. Use of  industrial seamless pipes is directly linked to the health of the economy, as a result of which prevailing economic conditions play a significant role in determining the pace and extent of demand for such pipes.

With reviving global economic conditions and resurgent activity across several industries including automotive, mechanical engineering, petrochemical, chemical and construction, demand for seamless pipes and tubes market is expected to witness an improvement in demand conditions. But the most noticeable contribution in the near term would be from the energy industry, with the sector’s growth expected to drive up demand for seamless steel tube pipes. With the oil and gas production activities becoming increasingly complex, the demand for high value products used in such projects is rising. Continuous rise in horizontal and directional drilling operations at deeper levels is expected to drive the demand for high-grade OCTG pipes.

As stated by the new market research report on Seamless Pipes and Tubes, Asia-Pacific represents the largest market worldwide. China ranks among the largest producers and consumers of steel and steel products, including steel pipes and tubes. Rapid increase in infrastructure facilities across emerging markets, and resurgence in automobile, industrial, and construction markets bode well for market growth in the region.

Major players covered in the report include ArcelorMittal SA, Boomerang Tube LLC, Bri-Chem Corporation, Bri-Steel Corporation, EVRAZ North America, ChelPipe, JFE Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Jindal SAW Ltd., Maharashtra Seamless Limited, OAO TMK, TMK IPSCO, Techint Group SpA, Tenaris S.A., TenarisSiderca (Siderca S.A.I.C.), Tianjin Pipe (Group) Corporation, UMW Group, United States Steel Corporation, Vallourec & Mannesmann Tubes, Vallourec Star LP and Wheatland Tube Company, among others.

The research report titled “Seamless Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).

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