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Seamless Pipes and Tubes - Global Strategic Business Report

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    Report

  • 666 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2498179

Global Seamless Pipes and Tubes Market to Reach $283.5 Billion by 2030

The global market for Seamless Pipes and Tubes estimated at US$181.4 Billion in the year 2022, is projected to reach a revised size of US$283.5 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030. Hot Finished , one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$164.4 Billion by the end of the analysis period. Growth in the Cold Finished segment is estimated at 5.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $48 Billion, While China is Forecast to Grow at 7.1% CAGR

The Seamless Pipes and Tubes market in the U.S. is estimated at US$48 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$51.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 216 Featured)

  • ArcelorMittal SA
  • EVRAZ North America Inc.
  • JFE Steel Corporation
  • Maharashtra Seamless Limited
  • Mannesmann Stainless Tubes GmbH
  • Nippon Steel Corporation
  • Tianjin Pipe (Group) Corporation
  • TMK Group
  • United States Steel Corporation
  • Wheatland Tube Company

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Seamless Pipes and Tubes Market

What is the estimated value of the Seamless Pipes and Tubes Market?

The Seamless Pipes and Tubes Market was estimated to be valued at $181.4 Billion in 2022.

What is the growth rate of the Seamless Pipes and Tubes Market?

The growth rate of the Seamless Pipes and Tubes Market is 5.7%, with an estimated value of $283.5 Billion by 2030.

What is the forecasted size of the Seamless Pipes and Tubes Market?

The Seamless Pipes and Tubes Market is estimated to be worth $283.5 Billion by 2030.

Who are the key companies in the Seamless Pipes and Tubes Market?

Key companies in the Seamless Pipes and Tubes Market include ArcelorMittal SA, EVRAZ North America Inc., JFE Steel Corporation, Maharashtra Seamless Limited, Mannesmann Stainless Tubes GmbH, Nippon Steel Corporation, Tianjin Pipe (Group) Corporation, TMK Group, United States Steel Corporation and Wheatland Tube Company.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Seamless Pipes and Tubes
  • A Glance at the Production Process
  • Types of Seamless Pipes and Tubes
  • Key End-Use Markets
  • Global Economic Update
  • From Pandemic to War & Inflation: “Subdued Outlook for 2023 Despite Signs of Easing Inflationary Conditions”
  • Here’s How Inflationary Pressures Affect the Economy
  • Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Review of Major End-Use Markets Impacted by the Pandemic
  • Oil & Gas Industry
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2025
  • Global Petroleum and Other Liquids Consumption and Production Trends: 2020-2023
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Global E&P CAPEX: 2015-2022
  • Implications of Russia-Ukraine Conflict on Oil & Gas Industry
  • Automotive Sector
  • Global Automotive Market: % YoY Growth for the Years 2015-2022
  • Manufacturing & Machinery
  • Global Machine Tools Market Growth Outlook (In %) for the Years 2019-2025
  • Global Market Outlook
  • Unconventional and Deep Water to Buoy Growth Opportunities
  • Oil & Gas Industry Increases Focus on Energy Transitions
  • Seamless Pipes Production Scenario
  • Global Seamless Tubes Production by Geographic Region: Percentage Share Breakdown of Production Output for 2020 and 2021
  • Competition
  • Seamless Pipes and Tubes - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Innovations and Trends to Shape Future Growth in the Seamless Pipes Market
  • Drilling & Well Construction Activity to Post Strong Gains, Driving Demand for Seamless Pipes
  • World Average Rig Count: 2015 - 2023E
  • World Average Rig Count by Region (Jan 2023-May 2023)
  • Global Rig Count by Region: Percentage Share Breakdown of Average Rig Count for 2022
  • Global Rig Count by Region (2020: Percentage Share Breakdown of Average Rig Count
  • Unconventional Oil & Gas Resources Trigger Demand for High Grade OCTG Products
  • Capital Spending by Oil & Gas Majors to Remain an Unbroken Trend
  • Deep Water Drilling Offer New Growth Opportunities
  • Deepwater Projects to Attract Increased Investment in 2022
  • Tough Operating Environments Drive Demand for High Quality Line Pipes
  • Horizontal Drilling Benefits Demand
  • Machinery: An Important Market for Seamless Tubes
  • High Performance Steel Grades Gain Importance in Machinery
  • Recovery in Automotive Sector to Drive Gains
  • Encouraging Outlook for Automobile Production Despite Disruptions Bodes Well for the Market
  • Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
  • Power Generation: An Expanding Market for Seamless Pipes
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Seamless Tubes in Industrial Boilers
  • Seamless Tubes in Utility Boilers
  • Seamless Pipes Gain Strength in Load Bearing Applications in the Construction Sector
  • Recovery in Construction Sector to Boost Growth
  • Global Construction Output by Sector: YoY Change (in %) for 2021-2024
  • Global Construction Growth Contribution by Country for the Period 2020-2030
  • Infrastructure Needs Fuel Demand for High Strength Tubes
  • Infrastructure Construction Growth in Select Countries for the Period 2020-2030
  • Growing Applications of Seamless Mechanical Pipes and Tubes
  • Seamless Pipes Beneficial for High Pressure Applications
  • Cold Drawn, Hot Rolled & Cold Rolled: A Review of Various Seamless Pipes Manufacturing Processes
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Seamless Pipes and Tubes Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Seamless Pipes and Tubes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Seamless Pipes and Tubes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Seamless Pipes and Tubes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Hot Finished by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Hot Finished by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Hot Finished by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Cold Finished by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Cold Finished by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Cold Finished by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Infrastructure & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Infrastructure & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Infrastructure & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Power Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Overview
  • US Crude Oil Production: 2010-2023
  • Crude Oil Prices ($ per Barrel): 2019-2023P
  • Oil and Gas Drilling Rigs Count* in the US (2015-2023 May): Breakdown of Average Number of Rigs for Oil Rigs, Gas Rigs, and Others
  • Oil and Gas Drilling Rigs Count in the US: Percentage Breakdown of Number of Rigs for Land-Based Rigs and Offshore Rigs (2015-2023)
  • Increasing Complexity of Drilling Activity Holds Opportunities for OCTG Tubes
  • Conventional Vs. Unconventional Shale Gas Drilling in North America
  • Oil and Gas Drilling Rigs Count in the US: Percentage Share Breakdown of Average Number of Rigs for Directional Rigs, Horizontal Rigs, and Vertical Rigs (2015-2023E)
  • The US OCTG Consumption Per Rig 2013 -2019
  • Shale Plays Transform US Energy Mix
  • Annual Production of Shale Gas (In Trillion Cubic Feet) in the US for 2010-2040
  • Value Added Seamless Pipes Gain Traction
  • New-well Oil Production Per Rig Barrels/Day
  • US Drilling in Upswing Mode amid Unsettling Energy Supplies: Unleashing Avenues for Seamless Pipes
  • ERW Pipes Pose strong Competition to Seamless Pipes
  • Domestic Production of OCTG Pipes: Percentage Share Breakdown by Type, Welded & Seamless
  • Replacement Market Generates High Demand
  • Recovery in Automobile Production to Drive Growth
  • US Vehicle Production (in Thousand Units) for 2016-2022
  • Construction Activity Dynamics to Impact Market Demand
  • Housing Starts in US in Thousands: 2015-2022
  • US Construction Spending in US$ Billion for the Period 2015 to 2022
  • Competitive Landscape
  • Market Analytics
  • CANADA
  • Oil & Gas Industry: A Significant Contributor to Canadian Economy
  • Canadian Average Rig Count for the Period 2015-2023
  • Remote Location of O&G Reserves Boosts the Need for New Pipeline Infrastructure
  • Market Analytics
  • JAPAN
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Market Overview
  • CHINA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Market Overview
  • China Primary Energy Consumption by Source: 2019 & 2040
  • Crude Oil and Natural Gas Production in China: 2017-2022
  • Seamless Pipes & Tubes Market
  • Production Scenario
  • Chinese Steel Pipes Market: Percentage Share Breakdown of Production Volume for Welded Pipes and Seamless Pipes (2022)
  • Large Automotive Industry Augurs Well for Seamless Tubes Demand
  • Market Analytics
  • EUROPE
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Market Overview
  • Impact of Russia-Ukraine Conflict on Natural Gas Imports to Europe
  • Construction Industry in Europe: Outlook
  • European Construction Outlook: % YoY Growth by Segment for 2023-2025
  • Construction Sector in Various Countries: A Review
  • FRANCE
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • Market Overview
  • Oil & Gas Industry in Russia: Overview
  • Crude Oil Production in Russia (2019- 2022) (in Million Barrels Per Day)
  • Drilling Activity in Russia (2011-2021): Percentage Breakdown by Horizontal Drilling vs. Vertical Drilling
  • Rise in Demand for Premium Products
  • Drilling Complexity Drives Demand for High-Value Products
  • Opportunities from Exploration of Untapped Oil & Gas Reserves
  • Greenfield Oil Projects to Boost Demand for Line Pipes
  • Oil Production in Russia (2020, 2025 and 2030): Percentage Share Breakdown of Production Volume by Brownfield and Greenfield Projects
  • Percentage of Total Oil Production Volume by Greenfield Projects and Hard to Recover Reserves: 2018-2025
  • Competitive Landscape
  • Market Share of Leading Manufacturers of Seamless Oil and Gas Pipes in Russia: 2023E
  • Market Share of Leading Manufacturers of Seamless Industrial Pipes: 2023E
  • Market Share of Leading Manufacturers of Seamless Line Pipes in Russia: 2023E
  • Market Analytics
  • REST OF EUROPE
  • Market Overview
  • ASIA-PACIFIC
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Market Overview
  • AUSTRALIA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Market Overview
  • Power Plants Expand Opportunities for Seamless Pipes
  • Pandemic-Induced Slowdown in Automobile Sector Hits Sales
  • Changing Construction Trends Put the Seamless Pipes Market in Overdrive
  • Rise in Oil Consumption to Benefit Welded Pipes Demand
  • Indian Manufacturers Focus on Overseas Markets
  • Competitive Landscape
  • Leading Players in the Indian Seamless Pipes and Tubes Market by Capacity: 2022
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • Oil & Gas Industry in Latin America: Overview
  • Rig Count in Latin America: 2015-2022
  • Average Rig Count in Latin America (2015-2021)
  • Market Analytics
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • Market Overview
  • Average Rig Count in the Middle East: 2016-2021
  • Competition
  • Middle East Tubular Assets Market: Percentage Breakdown of Share by Company for 2023E
  • AFRICA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ArcelorMittal SA
  • EVRAZ North America Inc.
  • JFE Steel Corporation
  • Maharashtra Seamless Limited
  • Mannesmann Stainless Tubes GmbH
  • Nippon Steel Corporation
  • Tianjin Pipe (Group) Corporation
  • TMK Group
  • United States Steel Corporation
  • Wheatland Tube Company