Modernization of Creaking Global Infrastructure Comprising Water, Sewage Irrigation & Oil & Gas Pipelines to Benefit Global Demand for Continuous Welded Pipes and Tubes

Rise in infrastructure and industrial development projects, and opportunities from replacement of aging pipelines are poised to drive the global market for Continuous Welded Pipes and Tubes to reach 26.5 million tons by 2024.

Continuous welded (CW) pipes refer to steel pipes with a single longitudinal seam formed through continuous welding process. These pipes are typically small-diameter pipes, and find use in low-pressure and mechanical applications such as in steam, gas, water, and air lines. Growth in the market is mainly driven by improvement in residential and infrastructure spending on projects such as airport, metros, and greenhouse structures among others. The industry also stands to benefit from the requirement to replace antiquated pipelines, especially in developed economies of the US and Europe. As CW pipes are also used in fire sprinkler systems, stringent regulatory standards, and greater industrial safety requirements along with rise in infrastructure spending are expected to drive future demand.

As CW pipes face strong competition from ERW pipes, there is a constant focus on improving product quality to ensure less wattage and lower frequency of replacement. Some of the recent product advancements include development of pipes with uniform grain structure and smooth surface that causes less wear and tear. Efforts also include the use of superior coating technology to prevent corrosion, extend shelf life and enhance quality.

As stated by the new market research report on Continuous Welded Pipes and Tubes, Asia-Pacific represents the largest market worldwide. The US represents the fastest growing market where in the growth is backed by federally funded infrastructure projects and the increasing emphasis on consumption of domestically produced products. Asia-Pacific is projected to report faster growth over the long term led by improved infrastructure spending driven by 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.

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

The research report titled “Continuous Welded Pipes and Tubes – Market Analysis, Trends, and Forecasts” 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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