Resurgence in Infrastructure Spending & CAPEX Investments in Oil & Gas Exploration, Production & Transportation to Drive Demand for Helical Submerged Arc Welded Pipes
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 ...