Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Large Diameter Steel Pipes is projected to reach 27.0 million tons by 2022 , driven by rising energy demand, in particular for natural gas and rehabilitation of existing pipeline infrastructure. Large Diameter Pipes (LDPs) comprise a major mode of transport for natural gas, oil and other fluids from isolated areas of production and refining to consumption centers across national and international boundaries. Demand for large diameter pipes is predominantly dictated by trend in the world economy and spending patterns in the oil & gas sector. As the world economy expands, demand for energy is expected to increase significantly to address the urban & rural household energy needs and also the industrial entities, while driving the demand for energy infrastructure. New transmission pipeline projects, mainly in the natural gas vertical, are steering momentum in the world LDPs market. With large-scale ongoing natural gas exploration, processing and distri...

Recovering CAPEX on midstream infrastructure development for efficient and reliable distribution and delivery of oil, gas and other petroleum products to end-users is poised to drive the global market for Helical Submerged Arc Welded (HSAW) Pipes to exceed 10.6 million tons by 2024 . Helical Submerged Arc Welded (HSAW) Pipes or Spiral Weld pipes refer to steel pipes with a seam that runs along the entire length of the pipe in a spiral form. HSAW pipes are more versatile than LSAW pipes and find use in transmission of water, sewage, and oil and gas products, and in piling and structural applications. A major factor driving the demand for HSAW pipes is the escalating demand for energy primarily from emerging nations and the subsequent increase in the number of crude oil and gas development projects.   In addition to the improved investments in midstream infrastructure development in the  oil and gas industry and surging energy consumption worldwide, replacement demand for ...

Resurgence in the oil & gas sector and the healthy outlook for pipeline projects in addition to the growth in manufacturing and infrastructure development activity and the ensuing demand for high quality steel pipes are poised to drive the global market for Electric Resistance Welded (ERW) Pipes and Tubes to reach 95.4 million tons by 2024 . Electric Resistance Welded (ERW) pipes are strips of hot rolled steel that are transformed into rolls and later welded through the use of an electric charge. ERW pipes compete with seamless pipes in some applications because of lower costs involved in their production. Traditionally, ERW pipes were mainly used in oil and gas  pipelines, and water/sewage transportation. However, with improvement in load bearing strength, ERW pipes now find application in industries such as infrastructure, pre-fabricated structures, solar plants, power plants, and furniture. Globally, the ERW  steel pipes market continues to benefit from the favora...