The Global Market for Electric Resistance Welded (ERW) Pipes and Tubes is Projected to Reach 76.8 Million Tons by 2020

Resurgence in the Construction Industry to Drive Demand for Electric Resistance Welded Pipes and Tubes, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Electric Resistance Welded Pipes and Tubes. The global market for Electric Resistance Welded (ERW) Pipes and Tubes is projected to reach 76.8 million tons by 2020, driven by the recovery in construction and automobile markets, replacement demand for aging infrastructure and new oil & gas project starts.

Welded steel pipes and tubes are high-performance products that find use in applications requiring high strength, reliability, and resistance to corrosion. While the oil and gas sector represents a major end-use sector for ERW pipes, the segment also benefits from demand for structural and mechanical steel products in the construction and automobile markets. Rising investments in sectors such as power generation and increasing government investments in infrastructure projects such as water and sewage systems augur well for the ERW pipes market. The need for developing water and sewage infrastructure, in the wake of rising population, and rebounding construction activity are spurring demand for a range of ERW pipes and tubes. Growth opportunities also come from the growing demand for replacement pipes especially in developed markets given the state of aging pipeline infrastructure in these markets. The automotive industry is also expected to add to the demand, given the rise in vehicle ownership especially in emerging markets. In this sector, the use of hollow components using ERW steel pipes has been employed as a measure to cut down on the weight of the auto body. Apart from offering greater dimensional accuracy and greater strength, ERW pipes also hold an edge as they are relatively economical.

Demand for OCTG and line pipes is likely to be impacted in event of continual drop in oil prices. However, demand for specialty line pipes is on rise driven by increasing shift of drilling activity towards offshore regions and deeper waters. The shift in drilling activity is largely driven by numerous technological advancements that are enabling companies to take up exploration of oil and gas reserves in deepwater and ultra deepwater geologies. Further, inter-regional supply of oil and gas is boosting demand for large diameter pipes. 

As stated by the new market research report on Electric Resistance Welded Pipes, Asia-Pacific represents the largest and the fastest growing regional market worldwide. Despite the structural slowdown, the cyclical outlook for emerging countries in Asia-Pacific is improving. Economic growth for the year 2015 and beyond in emerging Asian countries is forecast to be fairly optimistic, despite the controlled slowdown in China’s economic growth. With the demand for oil and gas in countries such as China and India surging at a significant pace, the region is likely to witness rapid growth in both onshore and offshore oil and gas exploration and production activities. The growth in the structural ERW pipes market in Asia continues to be driven by the steady progress in the construction industry pushed by growing needs of expanding population and increasing investments from private sector.

Major players covered in the report include Al Jazeera Steel Products Company SAOG, Arabian Pipes Company, ArcelorMittal SA, ChelPipe, EVRAZ North America, JFE Steel Corporation, Maharashtra Seamless Limited, Nippon Steel & Sumitomo Metal Corporation, Northwest Pipe Company, OAO TMK, TMK IPSCO, PT Bakrie Pipe Industries, Salzgitter Mannesmann Line Pipe GmbH, Tata Steel Europe, Techint Group SpA, United States Steel Corporation, United Metallurgical Company /OMK, Welspun Corp Ltd., and Wheatland Tube Company, among others

The research report titled “Electric Resistance Welded 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 major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America. The report is analyzed by applications namely Mechanical Steel Tubing, Structural Steel Pipes & Tubing, Pressure Tubing, Standard Pipes, Oil Country Tubular Goods, and Line Pipes.

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