The Global Market for Seamless Pipes and Tubes is Projected to Reach 76.7 Million Tons by 2024
Resurgence in E&P Spending to Benefit Demand for Seamless Pipes and Tubes in the Global Market, 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 Seamless Pipes and Tubes markets. The global market for Seamless Pipes and Tubes is projected to reach 76.7 million tons by 2024 , driven by resurgence in E&P spending, rise in demand for high-grade seamless pipes and tubes and improved infrastructure spending in emerging countries. Seamless steel pipes and tubes are tubular products made of steel that do not involve a welded seam. Major advantages of seamless pipes include the ability to form thicker walls for smaller diameters, and the absence of seam which makes it more suitable for demanding applications. Demand for seamless pipes and tubes is closely linked to the dynamics of the energy sector and manufacturing sector. ...