Aluminum air pipes

Seamless Steel Tubes Industry Outlook, Trends, Opportunities, Excellent CAGR of 6.1%, Share Analysis and Future Growth Outlook to 2028

LONDON, November 7, 2022 /PRNewswire/ — The Global seamless steel pipe market the size should go from $62.91 billion in 2021 for $95.22 billion by 2028 at a compound annual growth rate (CAGR) of 6.1%. The global seamless steel pipe market is expected to grow at a high rate in the coming years. The market for seamless steel tubes will grow as the share of seamless steel tubes has accounted for more than half of the market in recent years. Seamless carbon steel, stainless steel pipes, and steel alloys are those that are widely used as conveying pipes for conveying fluids like chemicals and oils. These have also found use as structural components in the construction, automotive, and mechanical industries.

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Global Seamless Steel Pipe Market Outlook (2022-2028)

The largest chemical, electrical, oil and gas plants around the world prefer seamless steel tubing to traditional tubing. These improve the life of transmission lines that are used for the transfer of fluids in the chemical and allied industries and reduce the overall expense on transmission lines during the payback years.

The rapidly occurring population growth and urbanization will expand in the coming years, which has led to an increase in oil consumption and this consumption growth is going to occur faster than expected. Moreover, there is a need for energy in developing countries which has been driven by major factors. Rapidly growing economies and technological advancements that will complement the growth of seamless steel pipe market.

Competitive landscape

Some of the Major Key Players in the Global Seamless Steel Pipes Market Report Cover Prominent Players like-

Seamless Steel Tube Market: Segmentation Analysis

By process:

By coating:

  • 3 PP coating

  • 3 PE coating

  • FBE Coating

By Material:

  • Carbon steel

  • Stainless steel

  • Alloy steel

  • Others

By size:

  • > 15 Inches

  • 10-15 Inches

Per end user:

  • Chemical products

  • Construction

  • petroleum gas

  • Energy and power

  • Automotive

  • Others

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Market Growth Comparison for Historical Years and Forecast Timeline 2022-2028

Steel is an important part of almost every industry, from construction to automotive. Raw steel will be extracted from iron ore which is treated using coke/coal followed by reduction which occurs using limestone in a basic oxygen furnace. The rapid increase in urbanization and population has led to an increase in construction activities and resulting resource use, as well as power generation and other uses.

The seamless steel tube market continues to grow, which has created an abundance of raw materials for seamless steel fabricators. On the other hand, there is a reduction in steel prices in countries like China which have a greater abundance of steel than can be observed. This has allowed manufacturers to stabilize prices which can affect all other segments of this market. Carbon emissions are a major concern for every steel-based product in manufacturing units around the world.

Modern ovens also emit a lot more carbon into the atmosphere, which is a huge problem if emissions exceed limits set by law, such as the Paris law in the European Union and the food quality law. air in United States as companies turn to traditional electric arc furnaces as a solution. Electric arc furnaces are used for their high melting point alloys like iron and steel which use the graphite electrodes to heat the metals with less emissions and produce the metal billets which are used as raw materials . This is steadily increasing the growth of the seamless steel pipe market.

The Special Requirements Seamless Steel Tubes Market report is also available for the region below:

North America

Europe

  • Germany, FranceUK, Italy, Spain, SwedenNetherlands, Turkey, Swiss, BelgiumRest of Europe

Asia Pacific

  • South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, IndonesiaRest of APAC

Latin America

  • Mexico, Colombia, Brazil, Argentina, PeruRest of Latin America

Middle East and Africa

  • Saudi ArabiaWATER, Egypt, South AfricaRest of MEA

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Major developments

On September 10, 2022Venus Pipes & Tubes has been recognized as the All India First Manufacturer (AIF) to gain Bureau of Indian Standards (BIS) approval for Seamless and Welded Stainless Steel Pipes and Tubes. At Venus, they place the highest priority on the quality and consistency of their products with their in-house quality control team, and this recognition is a testament to their high quality products and processes for manufacturing pipe and tubing. . »

On January 15, 2022– Tiruchi Seamless Steel Tube Plant (SSTP) of BHEL produced seamless steel tubes of import option T91 (SA213). At a reception held here recently, Anil Kapoor, Director, HR and Energy, BHEL, pointed out steel pipes made of steel blooms.

On November 6, 2021– The Ansteel group has successfully developed seamless tubes in martensitic stainless steel. This product opens up the high-alloy steel pipe production process of seamless steel pipe continuous rolling mill, overcomes the short life problem of martensitic stainless steel perforated plugs, and fills the gap in the field of pipe products. high CO2 corrosion resistant oil wells of Anshan Steel Group.

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