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Seamless Pipes and Tubes - Global Market Trajectory & Analytics

  • ID: 2498179
  • Report
  • June 2021
  • Region: Global
  • 363 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ArcelorMittal SA
  • ChelPipe
  • EVRAZ
  • Jindal SAW Ltd.
  • Nippon Steel Corporation
  • PAO TMK Tenaris S.A.

Global Seamless Pipes and Tubes Market to Reach $218.7 Billion by 2026

Seamless steel pipes and tubes refer to tubular products made of steel, which do not involve a welded seam. Such tubes feature a homogeneous wall, without any joint or weld along the tube`s length. Seamless pipes and tubes find use in a wide range of applications wherein corrosion resistance, high strength, and longer product life hold high significance. Demand for seamless pipes and tubes is closely linked to the dynamics of the energy sector and manufacturing sector. The corrosion resistance and metallurgical strength characteristics of seamless pipes and tubes are considered ideal for use in industries such as oil and gas, chemicals, pharmaceuticals, and steam boilers, heat exchangers, among others. While seamless pipes compete with welded pipes in the oil and gas industry, rise in drilling complexity is likely to drive their consumption. Seamless steel tubes are used in making automobile components, gas cylinders, bearings, drill rods, boilers, and hydraulic cylinders, among others.

Amid the COVID-19 crisis, the global market for Seamless Pipes and Tubes estimated at US$157.8 Billion in the year 2020, is projected to reach a revised size of US$218.7 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Hot Finished, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$132.1 Billion 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 Cold Finished segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 45.7% share of the global Seamless Pipes and Tubes market.


The U.S. Market is Estimated at $41.6 Billion in 2021, While China is Forecast to Reach $40.1 Billion by 2026

The Seamless Pipes and Tubes market in the U.S. is estimated at US$41.6 Billion in the year 2021. The country currently accounts for a 24.87% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$40.1 Billion in the year 2026 trailing a CAGR of 7.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$42.6 Billion by the end of the analysis period. Seamless pipe production capacity is largely concentrated in Asia, particularly in China. Asia Pacific market is expected to benefit mainly from increasing industrialization in the region, followed by rapid infrastructural growth. Russia, Japan, the US, and EU are other leading production centers of seamless pipes, globally.


Select Competitors (Total 156 Featured)-

  • ArcelorMittal SA
  • ChelPipe
  • EVRAZ
  • North America JFE Steel Corporation
  • Jindal SAW Ltd.
  • Maharashtra Seamless Limited
  • Nippon Steel Corporation
  • PAO TMK Tenaris S.A.
  • Tianjin Pipe (Group) Corporation
  • UMW Group
  • United States Steel Corporation
  • Vallourec & Mannesmann Tubes (France)
  • Wheatland Tube Company
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ArcelorMittal SA
  • ChelPipe
  • EVRAZ
  • Jindal SAW Ltd.
  • Nippon Steel Corporation
  • PAO TMK Tenaris S.A.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Review of Major End-Use Markets Impacted by the Pandemic
  • Automotive Sector
  • Exhibit 2: Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Manufacturing & Machinery
  • Exhibit 3: Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Oil & Gas Sector
  • Exhibit 4: Global Brent Crude Oil Price Trends in US$/barrel: Oct 2019 -May 2021
  • Exhibit 5: Global Brent Crude Oil Price Trends in US$/barrel: 2019 - 2022
  • Exhibit 6: Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2021
  • Oil and Gas Companies Set to Adjust Spending in Near Term
  • Exhibit 7: Global CAPEX for Upstream Oil and Gas: 2019-2021
  • Seamless Pipes & Tubes: An Introduction
  • A Glance at the Production Process
  • Types of Seamless Pipes and Tubes
  • Key End-Use Markets
  • Market Outlook
  • Unconventional and Deep Water to Buoy Growth Opportunities
  • Oil & Gas Industry Increases Focus on Energy Transitions
  • Seamless Pipes Production Scenario
  • Exhibit 8: Global Seamless Tubes Production by Geographic Region: Percentage Share Breakdown of Production Output
  • Competitive Landscape
  • Exhibit 9: Leading Producers in the Global Seamless Pipes Market (2019): Percentage Share Breakdown of Production Capacity by Company
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Drilling & Well Construction Activity to Post Strong Gains from Demand-Led Rebound
  • Exhibit 10: World Average Rig Count by Region: Jan-May 2021
  • Exhibit 11: World Average Rig Count by Region: 2020
  • Exhibit 12: Global Rig Count by Region (20201H): Percentage Share Breakdown of Average Rig Count
  • Exhibit 13: World Average Rig Count by Region (2015-2020)
  • Exhibit 14: 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 Widens Opportunities
  • 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
  • Revival in Automotive Industry to Drive Gains
  • Exhibit 15: World Automobile Production in Million Units: 2008-2022
  • Exhibit 16: Global Light Vehicle Production Change by Region: 2020 and 2021
  • Exhibit 17: Global Light Vehicle Sales in Million Units by Region: 2020
  • Power Generation: An Expanding Market for Seamless Pipes
  • Exhibit 18: Global Energy Generation Mix (in %) for 2018 and 2050
  • Exhibit 19: 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
  • Rebound in the Construction Sector to Drive Opportunities
  • Exhibit 20: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Infrastructure Needs Fuel Demand for High Strength Tubes
  • Exhibit 21: Global Infrastructure Spending in US$ Billion(2014-2022)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Exhibit 22: US Crude Oil Production in Mbpd: 2010-2022P
  • Exhibit 23: Crude Oil prices (dollars per barrel): 2019-2022
  • Exhibit 24: US Monthly Rig Count: January 2020-May 2021)
  • Exhibit 25: Oil and Gas Drilling Rigs Count in the US (2015-2020): Percentage Breakdown of Number of Rigs for Land-Based Rigs and Offshore Rigs
  • Increasing Complexity of Drilling Activity Holds Opportunities for OCTG Tubes
  • Exhibit 26: Conventional Vs. Unconventional Shale Gas Drilling in North America
  • Exhibit 27: 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
  • Exhibit 28: The US OCTG Consumption Per Rig 2013 -2019
  • Shale Plays Transforms US Energy Mix
  • Exhibit 29: Annual Production of Shale Gas (In Trillion Cubic Feet) in the US for 2010-2040
  • Exhibit 30: The US Shale Oil Production by Basin: 2015-2020(Jan-May)
  • Value Added Seamless Pipes Gain Traction
  • Exhibit 31: New-well Oil Production Per Rig Barrels/Day
  • ERW Pipes Pose strong Competition to Seamless Pipes
  • Exhibit 32: Domestic Production of OCTG Pipes: Percentage Share Breakdown by Type, Welded & Seamless
  • Replacement Market Generates High Demand
  • Recovery in Automobile Production to Drive Growth
  • Exhibit 33: Car Production in the US: July 2019-March 2021 Month Production (in Thousand Units)
  • Growth in Construction Spending Post Covid-19 to Improve Prospects
  • Exhibit 34: Housing Starts in US in Thousands: 2015-2020
  • Exhibit 35: US Construction Spending YoY % Change in Nonbuilding Infrastructure Sector: 2020 and 2021
  • Exhibit 36: US Construction Spending YoY % Change in Non-residential Building Sector: 2020 and 2021
  • Competitive Landscape
  • Exhibit 37: 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
  • Market Analytics

CANADA
  • Market Overview
  • Oil & Gas Industry: A Significant Contributor to Canadian Economy
  • Exhibit 38: Canadian Monthly Rig Count - Jan 2020 to April 2021
  • Exhibit 39: Canadian Average Rig Count: 2016-2020
  • Market Analytics

JAPAN
  • Market Overview
  • Market Analytics

CHINA
  • Market Overview
  • Seamless Pipes & Tubes Market
  • Production Scenario
  • Exhibit 40: Chinese Seamless Pipes Market (2020): Percentage Share Breakdown of Production Volume for Welded Pipes and Seamless Pipes
  • Large Automotive Industry Augurs Well for Seamless Tubes Demand
  • Market Analytics

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA
  • Market Overview
  • Seamless OCTG Pipes & Tubes Demand in Russia
  • Exhibit 41: Crude Oil Production in Russia (2018- May 2021) (in Million Barrels Per Day)
  • Exhibit 42: Drilling Activity in Russia (2011-2020): 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
  • Exhibit 43: Percentage Share Total Oil Production Volume by Greenfield Projects and Hard to Recover Reserves: 2017-2024
  • Exhibit 44: Oil Production in Russia (2020,2025, 2030): Percentage Share Breakdown of Production Volume by Brownfield and Greenfield Projects
  • Competitive Landscape
  • Exhibit 45: Market Share of Leading Manufacturers of Seamless Oil and Gas Pipes in Russia: 2020
  • Exhibit 46: Market Share of Leading Manufacturers of Seamless Industrial Pipes: 2020
  • Exhibit 47: Market Share of Leading Manufacturers of Seamless Line Pipes in Russia: 2020
  • Market Analytics

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA
  • Market Overview
  • Power Plants Expand Opportunities for Seamless Pipes
  • Downtnurn in Automobile Sector Hits Sales
  • Changing Construction Trends Put the Seamless Pipes Market in Overdrive
  • Indian Manufacturers Focus on Overseas Markets
  • Competitive Landscape
  • Exhibit 48: Leading Players in the Indian Seamless Pipes and Tubes Market by Capacity: 2019
  • Market Analytics

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA
  • Market Overview
  • Exhibit 49: Rig Count in Latin America: 2021 Jan-May
  • Exhibit 50: Average Rig Count in Latin America (2012-2020
  • Market Analytics

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • Market Overview
  • Exhibit 51: Average Rig Count in the Middle East: 2016-2020
  • Competition
  • Exhibit 52: Middle East Tubular Assets Market (2019): Percentage Breakdown of Share by Company
  • Exhibit 53: Average Rig Count in the Middle East: 2020 Jan-May
  • Market Analytics

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 156
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ArcelorMittal SA
  • ChelPipe
  • EVRAZ
  • North America JFE Steel Corporation
  • Jindal SAW Ltd.
  • Maharashtra Seamless Limited
  • Nippon Steel Corporation
  • PAO TMK Tenaris S.A.
  • Tianjin Pipe (Group) Corporation
  • UMW Group
  • United States Steel Corporation
  • Vallourec & Mannesmann Tubes (France)
  • Wheatland Tube Company
Note: Product cover images may vary from those shown