The Global Market for Spiral Welded Pipes and Tubes is Projected to Exceed 12 Million Tons by 2020
Need for Oil & Gas Distribution
Infrastructure Drives Demand for Spiral Welded Pipes & Tubes, According to a
New Report by Global Industry Analysts,
Inc.
GIA
announces the release of a comprehensive global report on Spiral Welded Pipes
and Tubes. The
global market for Spiral Welded Pipes and Tubes is projected to exceed 12
million tons by 2020, driven by replacement demand, recovery in the construction
sector, and need for oil and gas transportation infrastructure.
Spiral weld pipes refer to
steel pipes, which feature a seam that runs along the entire length of the pipe
in a spiral form. These pipes are employed in applications such as energy, oil
and gas, water distribution and for structural purposes such as foundation
piling for buildings and harbour construction. With the dynamics of pipes and
tubes industry significantly influenced by the pace of development in the oil
and gas sector, drop in oil prices and the resultant slump in exploration activity is likely to influence near term
demand. However, in the mid to long term, pipeline projects of the
international oil and gas companies, both proposed and under construction hold
huge promise for pipe manufacturers including producers of spiral welded pipes.
Another area of opportunity is the growing demand for replacement of aging
pipelines, particularly in mature markets such as the United States and Europe.
In developing economies, especially in the Middle East and China, new
infrastructure required to support growing domestic energy requirements, and
the movement of exploration activities to distant locations, will spur
investments in new pipeline infrastructure.
Spiral welded pipes market
is expected to witness steady growth in the coming years driven by growing
demand from water transmission, sewerage and piling applications, among others.
Within the SAW pipes market,
longitudinal submerged arc welded (LSAW) and helically submerged arc welded
(HSAW) pipes constitute the two major segments. HSAW pipes are favored over
LSAW pipes as they are more versatile and have a wider product range,
owing to varying diameters and greater lengths.
As stated by the new
market research report on Spiral Welded Pipes and Tubes, Asia-Pacific
represents the largest market worldwide. The region is also expected to emerge
as fastest growing market, led by a CAGR of 7.3% over the analysis period. Demand in the region is led by growing number
of pipeline projects for domestic oil and gas distribution and for water supply. Growth in the structural
spiral pipes market continues to be driven by infrastructure developments,
particularly road networks, new projects and upgrade of existing infrastructure
facilities such as new roads, bridges, dams, irrigation canals, and highways.
Major players covered in
the report include American SpiralWeld Pipe Company LLC, ArcelorMittal SA,
Borusan Mannesmann Boru Sanayi ve Ticaret A.S., Europipe GmbH, EVRAZ North
America, JFE Steel Corporation, Jindal SAW Ltd., Kuwait Pipe Industries and Oil
Services Company, National Pipe Company Ltd., Nippon Steel & Sumitomo Metal
Corporation, Noksel Çelik Boru Sanayi A.Ş, PSL Limited, Stupp Corporation,
United Spiral Pipe LLC, and Welspun Corp Ltd., among others
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