The Global Market for Continuous Welded Pipes and Tubes is projected to reach 24 million tons by 2022

Rise in Investments in Water Infrastructure Projects to Drive Demand for Continuous Welded Pipes and Tubes, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Continuous Welded Pipes and Tubes market. The global market for Continuous Welded Pipes and Tubes is projected to reach 24 million tons by 2022, driven by the rise in investments in industrial projects and water infrastructure projects primarily in developing countries.

Continuous welded (CW) pipes refer to pipes with a single longitudinal seam that is formed through continuous welding process. These pipes are typically small-diameter pipes, and are considered as the lowest cost variants among all steel pipes. Continuous welded pipes are used in various structural, plumbing, and other low pressure applications including scaffolding components, fencing, and shells for electrical conduits. As these pipes are used in distribution of gas, steam, and water to buildings and commercial outlets, growth in infrastructure spending in emerging markets is expected to drive the demand for CW steel pipes. Long term growth in the market will be supported by population growth and rapid urbanization in developing countries. The industry also stands to benefit from the relentless need to replace aging pipelines, particularly in developed economies of the U.S. and Europe. In other application markets such as fire sprinkler systems, stringent regulatory standards, and greater industrial safety requirements are expected to drive the demand for CW pipes.

With CW pipes facing strong competition from ERW and plastic pipes in small diameter pipe applications, companies are focused on improving product quality through the use of superior coatings that offer high corrosion and heat resistance, extended shelf life and also retard microbial growth. Continuous welding process scores over ERW pipes in terms of economies of scale associated with high volume production as the process can produce pipes at high speed. Also since continuous weld pipes are characterized by a higher degree of malleability over ERW pipes, they are a preferred choice in applications where the pipe is required to be grooved, bent, or threaded.

As stated by the new market research report on Continuous Welded Pipes and Tubes, Asia-Pacific represents the largest and the fastest growing market worldwide, led by factors such as rapid urbanization, growing focus on urban water security and the ensuing expansion of water supply networks; healthy pace of industrialization and the resulting investments in pipelines for industrial water and wastewater management and focus on irrigated agriculture in a bid to ensure food security and the ensuing popularity of pressure piped irrigation techniques. 

       

Major players covered in the report include ChelPipe, JFE Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, and Wheatland Tube Company.

The research report titled “Continuous Welded Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a review of market trends, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for all major geographic markets including the United States, 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, and Latin America.

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