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Global Electrical Resistance Welded (ERW) Pipe and Tubing Market 2021-2026

DUBLIN, October 18, 2021 / PRNewswire / – The “Electrical Resistance Welded (ERW) Pipes and Tubing – Global Market Trajectory and Analysis” report has been added to ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global electrical resistance welded (ERW) pipe and tubing market estimated at 62.3 million tonnes in 2020, is expected to reach a revised size of 85.3 million tonnes by 2026, with a CAGR of 5.5. % over the analysis period.

Post-pandemic ERW pipeline growth is expected to increase due to plans by major oil and gas, fertilizer and power companies to establish pipeline runs across the country. The recovery in oil and gas prices and resurgent drilling budgets are expected to encourage growth opportunities for OCTGs and pipelines around the world. Increased investment in sectors such as power generation and automobiles and increased government investment in infrastructure projects such as water and sewer systems are promoting market expansion.

Mechanical steel pipes, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.1% to reach 23.6 million tonnes by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the line pipe segment is readjusted to a revised CAGR of 5.8% for the next 7 year period. This segment currently represents a 22.5% share of the global electrical resistance welded (ERW) pipe and pipe market.

Mechanical Steel tubes find applications in mechanical machinery, material handling and other industrial commercial equipment. In recent years, mechanical tubes have been increasingly used by automobile manufacturers to manufacture hydroformed tubular steel components such as rails, structural ties, cradles and pillars.

Demand for pipelines depends on the level of pipeline construction activity, pipeline replacement needs, utility purchase programs, and new residential construction activity. The pipeline market continues to be supported by replacement and maintenance demand as well as pipeline projects.

The US market is estimated at 5.4 million tonnes in 2021, while China is expected to reach 27.2 million tonnes by 2026

The electrical resistance welded (ERW) pipe and tube market in the United States is estimated to be 5.4 million tons in 2021. The country currently accounts for an 8.28% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of 27.2 million tonnes in 2026, with a CAGR of 6% during the analysis period.

Other notable geographic markets include Japan and Canada, each projects growth of 3.8% and 4.5% respectively over the analysis period. In Europe, Germany is expected to grow by around 4% CAGR while the rest of the European market (as defined in the study) will reach 29 million tonnes by the end of the analysis period.

Asia Pacific represents the largest regional market, driven by increasing industrialization in the region, followed by rapid infrastructure growth. This is largely attributed to the strong economic growth of the various countries in these regions and the increase in activity in end-use sectors such as petroleum, power and refineries.

The growth in the US market is mainly attributed to the resumption of E&P spending amid the exceptional focus the country has placed on exploiting the huge reserves of shale deposits to meet growing energy demand and ensure the energy security.

Construction Steel Pipe and Tube Segment to Reach 19.5 Million Tons by 2026

The structural steel pipe and tube segment is expected to experience increased demand due to the increase in the number of high rise buildings, especially in emerging economies. Structural tubes are used in high-rise buildings to enable them to withstand wind side loads and seismic pressures.

In the global segment of structural steel pipes and tubes, United States, Canada, Japan, China and Europe will drive the estimated CAGR of 5.3% for this segment. These regional markets representing a combined market size of 7.8 million tonnes in 2020 will reach a projected size of 11.2 million tonnes by the end of the analysis period.

China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific is expected to reach 6.2 million tonnes by 2026.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Positive outlook heralds a rebound for the ERW pipe and tube market
  • OCTG Pipes announces recovery from sharp decline amid turmoil in oil and gas industry
  • Oil and gas industry shows signs of recovery from COVID-19-induced crises
  • Oil and gas companies set to adjust spending in the near term
  • Electrical resistance welded (ERW) pipes and tubes: an introduction
  • ERW pipe production
  • Types of ERW welding processes
  • Applications / uses of ERW pipes
  • Classification of REG pipes
  • Outlook
  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS (Total 116 featured)

  • Al Jazeera Steel Products Company SAOG
  • APL Apollo Tubes Limited (APL)
  • Arab Pipe Company
  • ArcelorMittal SA
  • ChelPipe
  • Choo Bee Metal Industries Berhad
  • EVRAZ North America
  • JFE Steel Company
  • Maharashtra seamless limited
  • Nippon Steel & Sumitomo Metal Corporation
  • PAO TMK
  • PT Bakrie Pipe Industries
  • Salzgitter Mannesmann Line Pipe GmbH
  • Surya Roshni Ltd.
  • Tata Steel Europe
  • Techint Group SpA
  • Ternium SA
  • Tenaris SA
  • United States Steel Company
  • United Metallurgical Society / MKO
  • Welspun Corp Ltd.
  • Wheatland Tube Company

3. MARKET TRENDS AND FACTORS

  • Trends in number of rigs and drilling activity Defining demand for OCTG pipes
  • Unconventional oil and gas resources trigger demand for high-quality OCTG products
  • Deepwater drilling offers new growth opportunities
  • Growth of pipeline projects to stimulate pipeline demand
  • Harsh operating environments drive demand for high quality pipelines
  • Shale Clearance Stimulates Demand for High Strength Pipe
  • Aging pipelines drive replacement demand
  • Improving manufacturing sector increases prospects
  • Mechanical Tubing Market Outlook
  • Automotive industry: another important end-use market for ERW tubes
  • Impact of the pandemic on the automotive industry
  • The post COVID-19 recovery in the automotive industry to stimulate demand
  • Relaunch in the construction sector to lend opportunities
  • Rising number of tall buildings boosts outlook for construction steel pipe
  • Pandemic-induced E-Commerce Faster Acceleration and Warehouse Construction to Drive Demand
  • Rise in modular building to drive HSS
  • Pressure application to stimulate the demand for pressure tubes

4. WORLD MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information on this report visit https://www.researchandmarkets.com/r/5cklrj

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Research and markets
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SOURCE Research and Markets

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