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Electric Resistance Welded (ERW) Pipes and Tubes - Global Market Trajectory & Analytics

  • ID: 2498178
  • Report
  • February 2022
  • Region: Global
  • 358 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arabian Pipes Company
  • ChelPipe
  • JFE Steel Corporation
  • PT Bakrie Pipe Industries
  • Tata Steel Europe
  • Tenaris S.A.

Global Electric Resistance Welded (ERW) Pipes and Tubes Market to Reach 85.3 Million Tons by 2026


Electric Resistance Welded (ERW) pipes are strips of hot rolled steel that are transformed into rolls and later welded through the use of an electric charge. Global demand for steel pipes and tubes, including Electric Resistance Welded (ERW) pipes closely mirrors the trends in the oil & gas and construction industries, and is also influenced by the pace of infrastructure development projects. Traditionally, ERW pipes were mainly used in oil and gas pipelines, and water/sewage transportation. However, with improvement in load bearing strength, ERW pipes now find application in industries such as infrastructure, pre-fabricated structures, solar plants, power plants, and furniture. Post pandemic growth in the ERW line pipes is expected to increase driven by the plans of major oil & gas, fertilizer and power companies to establish cross-country line pipes. Recovery in oil and gas prices and resurgence in drilling budgets is expected to encourage growth opportunities for OCTG and Line pipes worldwide. Rising investments in sectors such as power generation and automotive and increasing government investments in infrastructure projects such as water and sewage systems promote market expansion.

Amid the COVID-19 crisis, the global market for Electric Resistance Welded (ERW) Pipes and Tubes estimated at 62.3 Million Tons in the year 2020, is projected to reach a revised size of 85.3 Million Tons by 2026, growing at a CAGR of 5.5% over the analysis period. Mechanical Steel Tubing, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach 23.6 Million Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Line Pipes segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 22.5% share of the global Electric Resistance Welded (ERW) Pipes and Tubes market. Mechanical Steel tubing finds applications in mechanical machinery, material handling, and in other industrial commercial equipment. In recent years, mechanical tubing is being increasingly used by automakers for making hydroformed tubular steel components such as rails, cross members for framing, cradles, and pillars. Demand for line pipes depends on the level of pipeline construction activity, replacement requirements of line pipe, utility purchasing programs, and new residential construction activity. Market for line pipes continues to be supported by demand for replacement and maintenance as well as pipeline projects.

The U.S. Market is Estimated at 5.4 Million Tons in 2021, While China is Forecast to Reach 27.2 Million Tons by 2026


The Electric Resistance Welded (ERW) Pipes and Tubes market in the U.S. is estimated at 5.4 Million Tons in the year 2021. The country currently accounts for a 8.28% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 27.2 Million Tons in the year 2026 trailing a CAGR of 6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach 29 Million Tons by the end of the analysis period. Asia-Pacific represents the largest regional market, driven by increasing industrialization in the region, followed by rapid infrastructural growth. This is largely attributed to the strong economic growth of individual countries in these regions, and the increased activity in end-use sectors such as oil, power, and refineries. Growth in the US market is primarily attributed to the recovery in E&P spending amid the nation`s exceptional emphasis on tapping the huge reserves of shale plays to meet the escalating demand for energy and to achieve energy security.

Structural Steel Pipes & Tubing Segment to Reach 19.5 Million Tons by 2026


Structural Steel Pipes & Tubing segment is expected to witness heightened demand due to surge in number of high rise buildings, particularly in emerging economies. Structural tubes are used in high-rise buildings to enable them to resist lateral loads from wind, and seismic pressures. In the global Structural Steel Pipes & Tubing segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 7.8 Million Tons in the year 2020 will reach a projected size of 11.2 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 6.2 Million Tons by the year 2026.

Select Competitors (Total 116 Featured) -

  • Al Jazeera Steel Products Company SAOG
  • APL Apollo Tubes Limited (APL)
  • Arabian Pipes Company
  • ArcelorMittal SA
  • ChelPipe
  • Choo Bee Metal Industries Berhad
  • EVRAZ North America
  • JFE Steel Corporation
  • 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 S.A.
  • Tenaris S.A.
  • United States Steel Corporation
  • United Metallurgical Company /OMK
  • Welspun Corp Ltd.
  • Wheatland Tube Company
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arabian Pipes Company
  • ChelPipe
  • JFE Steel Corporation
  • PT Bakrie Pipe Industries
  • Tata Steel Europe
  • Tenaris S.A.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • 2020 : A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Positive Outlook Spells Rebound for ERW Pipes and Tubes Market
  • OCTG Pipes Report a Recovery after Strong Decline amid the Oil and Gas Industry Turbulence
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2021
  • Oil and Gas Industry Shows Signs of Recovery From COVID-19 Induced Crises
  • Global Brent Crude Oil Price Trends in US$/barrel: Oct 2019 –May 2021
  • Global Brent Crude Oil Price Trends in US$/barrel: 2019 – 2022
  • Influencer Market Insights
  • World Market Trajectories
  • Electric Resistance Welded (ERW) Pipes and Tubes – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Oil and Gas Companies Set to Adjust Spending in Near Term
  • Global CAPEX for Upstream Oil and Gas: 2019-2021
  • Electric Resistance Welded (ERW) Pipes & Tubes: An Introduction
  • Production of ERW Pipes
  • Types of ERW Welding Processes
  • Applications/Uses of ERW Pipes
  • Classification of ERW Pipes
  • Outlook
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rig Counts and Drilling activity Trends Define the Demand for OCTG Pipes
  • World Average Rig Count by Region: Jan-May 2021
  • World Average Rig Count by Region: 2020
  • World Average Rig Count by Region (2015-2020)
  • Global Rig Count by Region (2020: Percentage Share Breakdown of Average Rig Count
  • Unconventional Oil & Gas Resources Trigger Demand for High Grade OCTG Products
  • Deep Water Drilling Offer New Growth Opportunities
  • Growth in Pipeline Projects to Drive the Demand for Line Pipes
  • Tough Operating Environments Drive Demand for High Quality Line Pipes
  • Shale Plays Drive Demand for High Strength Pipes
  • Technically Recoverable Shale Gas Resource (in tcf) by Country
  • Aging Pipelines Drive Replacement Demand
  • Improvement in Manufacturing Sector Boosts Prospects
  • Global Manufacturing PMI Index Score January 2020 to March 2021
  • Mechanical Tubing Market Prospects
  • Automotive Industry: Another Important End-Use market for ERW Tubes
  • Impact of the Pandemic on the Automotive Industry
  • Post COVID-19 Recovery in Automobile Industry to drive Demand
  • World Automobile Production in Million Units: 2008-2022
  • Global Light Vehicle Sales in Million Units by Region: 2020
  • Global Light Vehicle Production Change by Region: 2020 and 2021
  • Revival in the Construction Sector to Lend Opportunities
  • Global Construction Spending (In US$ Trillion) for 2019, 2020 & 2021
  • Surge in Number of High Rise Buildings Boost Prospects for Structural Steel Pipes
  • Completions of 200-Meter-Plus Buildings: 2010-2021
  • Structural Steel Tubes Market as Percentage of Steel Consumption (2020)
  • Faster Acceleration in E-Commerce Induced by the Pandemic and Warehouse Construction to Drive Demand
  • Global e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Rise in Modular Building to Drive HSS
  • Pre-Fabrication and Modularization Market (2020): Percentage Share Breakdown of Usage by Construction Application
  • Pressure Application to Drive Demand for Pressure Tubings

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Current and Future Scenario for OCTG and Line Pipes
  • Domestic Production of OCTG Pipes (2020): Percentage Share Breakdown by Type, Welded & Seamless
  • US Crude Oil Production in Mbpd: 2010-2022P
  • Crude Oil prices (dollars per barrel): 2019-2022
  • US Monthly Rig Count: January 2020–April 2021)
  • Oil and Gas Drilling Rigs Count* in the US (2015-2021 May): Breakdown of Average Number of Rigs for Oil Rigs, Gas Rigs, and Others
  • Oil and Gas Drilling Rigs Count in the US (2015-2020): Percentage Breakdown of Number of Rigs for Land-Based Rigs and Offshore Rigs
  • Welded OCTG Pipes Record Increase in Prices
  • OCTG Prices (in US$/ton): 2016-May 2021
  • 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 (2015-2021 (Jan-May): Percentage Share Breakdown of Average Number of Rigs for Directional Rigs, Horizontal Rigs, and Vertical Rigs
  • The US OCTG Consumption Per Rig 2013 -2019
  • Shale Plays Transforms US Energy Mix
  • Annual Production of Shale Gas (In Trillion Cubic Feet) in the US for 2010-2040
  • Shale Plays Witness Consolidation
  • Natural Gas Exports Drive New Pipeline Constructions
  • U.S. Natural Gas Pipeline Exports to Mexico (Billion Cubic Feet): 2010-2020*
  • Replacement Market Holds Strong Potential
  • Investment in Water Infrastructure Development to Propel Demand
  • Important Water Infrastructure Projects Underway Amidst Coronavirus Crisis
  • Manufacturing Sector: An Important Market for Mechanical Tubes
  • Rebound in Construction Activity Improves Prospects
  • Housing Starts in US in Thousands: 2015-2020
  • Residential Construction in the US (Jan 2020-June 2020): Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units
  • US Construction Spending YoY % Change in Non-residential Building Sector: 2020 and 2021
  • US Construction Spending YoY % Change in Nonbuilding Infrastructure Sector: 2020 and 2021
  • Competitive Landscape
  • Market Analytics

CANADA

  • Oil & Gas Industry : A Review
  • Canadian Monthly Rig Count – Jan 2020 to April 2021
  • Canadian Average Rig Count: 2016-2020
  • Remote Location of O&G Reserves Boosts the Need for New Pipeline Infrastructure
  • Market Share of Leading Players in Canadian ERW Pipes Market: 2020
  • Market Analytics

JAPAN

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • China Primary Energy Consumption by Source: 2019 & 2040
  • Crude Oil and Natural Gas Production in China: 2017-2021
  • IPipe Production Scenario
  • Chinese Seamless Pipes Market (2020): Percentage Share Breakdown of Production Volume for Welded Pipes and Seamless Pipes
  • Market Analytics

EUROPE

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Construction Industry in Europe - Year-on-Year (YoY) % Change in Construction Output for the Period 2014 through 2021E
  • Market Analytics

FRANCE

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN

RUSSIA

  • Market Overview
  • OCTG Pipe Scenario
  • Crude Oil Production in Russia (2018- May 2021) (in Million Barrels Per Day)
  • Drilling Activity in Russia (2011-2019): Percentage Breakdown by Horizontal Drilling vs. Vertical Drilling
  • 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, 2030): Percentage Share Breakdown of Production Volume by Brownfield and Greenfield Projects
  • Percentage Share Total Oil Production Volume by Greenfield Projects and Hard to Recover Reserves: 2017-2024
  • Competitive Landscape
  • Leading Manufacturers of Welded Line Pipes in Russia (2020): Percentage Share Breakdown of Sales for TMK, and Others
  • Leading Manufacturers of Welded Industrial Pipes in Russia (2020): Percentage Share Breakdown of Sales for TMK, and Others
  • Market Analytics

REST OF EUROPE

ASIA-PACIFIC

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Market Analytics

INDIA

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Drop in Construction Sector to Impact Demand for ERW Pipes
  • Long-term Prospects
  • Escalating COVID-19 Pandemic to Cripple Indian Demand for Petroleum Products
  • Water and Irrigation Infrastructure Development to Benefit Pipe Manufacturers
  • International Projects: Opportunity for Pipe Manufacturers
  • Market Analytics

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Electric Resistance Welded (ERW) Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • COVID-19 Pandemic Set to Dampen Investment in Oil & Gas Industry in Latin America
  • Rig Count in Latin America: 2021 Jan-May
  • Average Rig Count in Latin America (2011-2020)
  • Market Analytics

REST OF WORLD

  • Market Overview
  • OCTG Pipes Scenario
  • Average Rig Count in the Middle East: 2016-2020
  • Average Rig Count in the Middle East: 2020 Jan-May
  • Adoption of Desalination Technology to Drive Pipeline Infrastructure
  • Construction Sector in the Middle East
  • Market Analytics

IV. COMPETITION

  • Total Companies Profiled: 116
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Al Jazeera Steel Products Company SAOG
  • APL Apollo Tubes Limited (APL)
  • Arabian Pipes Company
  • ArcelorMittal SA
  • ChelPipe
  • Choo Bee Metal Industries Berhad
  • EVRAZ North America
  • JFE Steel Corporation
  • 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 S.A.
  • Tenaris S.A.
  • United States Steel Corporation
  • United Metallurgical Company /OMK
  • Welspun Corp Ltd.
  • Wheatland Tube Company
Note: Product cover images may vary from those shown