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Seamless Pipes and Tubes - Global Market Trajectory & Analytics

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    Report

  • 635 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2498179

Global Seamless Pipes and Tubes Market to Reach $225.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Seamless Pipes and Tubes estimated at US$157.4 Billion in the year 2020, is projected to reach a revised size of US$225.6 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027. Hot Finished , one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$128.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cold Finished segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $39.1 Billion, While China is Forecast to Grow at 6.8% CAGR

The Seamless Pipes and Tubes market in the U.S. is estimated at US$39.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$41.8 Billion by the year 2027 trailing a CAGR of 6.8% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 199 Featured)

  • ArcelorMittal SA
  • EVRAZ North America Inc.
  • JFE Steel Corporation
  • Jindal SAW Ltd.
  • Maharashtra Seamless Limited
  • Nippon Steel Corporation
  • TMK Group
  • Tenaris S.A.
  • Tianjin Pipe (Group) Corporation
  • UMW Group
  • United States Steel Corporation
  • Vallourec& Mannesmann Tubes SAS
  • Wheatland Tube Company

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Seamless Pipes and Tubes

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

The Global Market for Seamless Pipes and Tubes was estimated to be valued at $157.4 Billion in 2020.

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

The growth rate of the Global Market for Seamless Pipes and Tubes is 5.3%, with an estimated value of $225.6 Billion by 2027.

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

The Global Market for Seamless Pipes and Tubes is estimated to be worth $225.6 Billion by 2027.

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

Key companies in the Global Market for Seamless Pipes and Tubes include ArcelorMittal SA, EVRAZ North America Inc., JFE Steel Corporation, Jindal SAW Ltd., Maharashtra Seamless Limited, Nippon Steel Corporation, TMK Group, Tenaris S.A. and UMW Group.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • Year 2021 in Review and Near Term Outlook
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Russia Ukraine Conflict, China Lockdowns Again Threaten to Disrupt Global Supply Chains
  • 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: 2019 - 2022
  • Exhibit 5: 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 6: Global CAPEX for Upstream Oil and Gas: 2019-2021
  • Backed by Inflated Oil Prices, Global Capital Expenditure on Upward Trajectory
  • Exhibit 7: Global E&P CAPEX: 2015-2022
  • Exhibit 8: Global Oil Production (In Million Barrels Per Day) for Years 2018 through 2022
  • Implications of Russia-Ukraine Conflict on Oil & Gas Industry
  • Competitive Landscape
  • Exhibit 9: Seamless Pipes and Tubes - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 156 Players Worldwide in 2022 (E)
  • 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 10: Global Seamless Tubes Production by Geographic Region: Percentage Share Breakdown of Production Output
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Drilling & Well Construction Activity to Post Strong Gains from Demand-Led Rebound
  • Exhibit 11: World Average Rig Count by Region: 2015-2021
  • Exhibit 12: World Average Rig Count by Region: Jan-March 2022
  • Exhibit 13: World Average Rig Count by Region: 2021
  • 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
  • Deepwater Projects to Attract Increased Investment in 2022
  • Five New Deepwater Discoveries in the Gulf of Mexico Announced by Operators
  • Deepwater Activity in the US Gulf of Mexico to Increase
  • 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
  • Exhibit 15: Global Automobile Production (In Million Units) for the Years 2011 - 2021
  • Power Generation: An Expanding Market for Seamless Pipes
  • Exhibit 16: Global Energy Generation Mix (in %) for 2018 and 2050
  • Exhibit 17: 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
  • Construction Sector Outlook for 2022
  • Exhibit 18: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Infrastructure Needs Fuel Demand for High Strength Tubes
  • Exhibit 19: Global Infrastructure Spending in US$ Billion (2014-2022)
  • Infrastructure Financing of Emerging Markets to Receive Encouragement from Ongoing US-China Tensions
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Seamless Pipes and Tubes Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 4: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 7: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 10: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 13: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 16: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 19: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 22: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 25: World 15-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 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Exhibit 20: US Crude Oil Production in Mbpd: 2010-2023P
  • Exhibit 21: Crude Oil prices (dollars per barrel): 2019-2023
  • Exhibit 22: US Monthly Rig Count: January 2020-Apr 2022)
  • Exhibit 23: 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
  • Increasing Complexity of Drilling Activity Holds Opportunities for OCTG Tubes
  • Exhibit 24: Conventional Vs. Unconventional Shale Gas Drilling in North America
  • Exhibit 25: Oil and Gas Drilling Rigs Count in the US (2015-2022): Percentage Share Breakdown of Average Number of Rigs for Directional Rigs, Horizontal Rigs, and Vertical Rigs
  • Exhibit 26: The US OCTG Consumption Per Rig 2013 -2019
  • Shale Plays Transforms US Energy Mix
  • Exhibit 27: Annual Production of Shale Gas (In Trillion Cubic Feet) in the US for 2010-2040
  • Value Added Seamless Pipes Gain Traction
  • Exhibit 28: New-well Oil Production Per Rig Barrels/Day
  • ERW Pipes Pose strong Competition to Seamless Pipes
  • Exhibit 29: 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 30: US Vehicle Production (in Thousand Units) for 2013-2021
  • Growth in Construction Spending Post Covid-19 to Improve Prospects
  • Exhibit 31: Housing Starts in US in Thousands: 2015-2021
  • Exhibit 32: US Construction Spending YoY % Change in Non-residential Building Sector: Feb 2022
  • Competitive Landscape
  • Market Analytics
CANADA
  • Market Overview
  • Oil & Gas Industry: A Significant Contributor to Canadian Economy
  • Exhibit 33: Canadian Monthly Rig Count - Jan 2020 to March 2022
  • Exhibit 34: Canadian Average Rig Count: 2016-2021
  • Canadian Petro-Provinces Eye Opportunity in Russia-Ukraine Conflict
  • Market Analytics
JAPAN
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Market Analytics
CHINA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Exhibit 35: China Primary Energy Consumption by Source: 2019 & 2040
  • Exhibit 36: Crude Oil and Natural Gas Production in China: 2017-2021
  • Seamless Pipes & Tubes Market
  • Production Scenario
  • Exhibit 37: Chinese Seamless Pipes Market (2022): Percentage Share Breakdown of Production Volume for Welded Pipes and Seamless Pipes
  • 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 2022 (E)
  • Market Overview
  • Impact of Russia-Ukraine Conflict on Natural Gas Imports to Europe
  • Europe to Focus on Diverse Supply Routes & Renewable Energy
  • Construction Industry Overview
  • Exhibit 38: Construction Industry in Europe - Year-on-Year (YoY) % Change in Construction Output for the Period 2018 through 2023E
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAIN
RUSSIA
  • Market Overview
  • Oil and Gas Industry: Overview
  • Exhibit 39: Crude Oil Production in Russia (2019- 2021) (in Million Barrels Per Day)
  • Seamless OCTG Pipes & Tubes Demand in Russia
  • Exhibit 40: Crude Oil Production in Russia (2018- May 2021) (in Million Barrels Per Day)
  • Exhibit 41: 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
  • Exhibit 42: Oil Production in Russia (2018-2025): Percentage Share Breakdown of Production Volume by Brownfield and Greenfield Projects
  • Exhibit 43: Oil Production in Russia (2020,2025, 2030): Percentage Share Breakdown of Production Volume by Brownfield and Greenfield Projects
  • Competitive Landscape
  • Exhibit 44: Market Share of Leading Manufacturers of Seamless Oil and Gas Pipes in Russia: 2022 (E)
  • Exhibit 45: Market Share of Leading Manufacturers of Seamless Industrial Pipes: 2022e
  • Exhibit 46: Market Share of Leading Manufacturers of Seamless Line Pipes in Russia: 2022E
  • Market Analytics
REST OF EUROPE
  • Market Overview
  • Market Analytics
ASIA-PACIFIC
  • Market Overview
  • Market Analytics
AUSTRALIA
INDIA
  • Seamless Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (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
  • Indian Manufacturers Focus on Overseas Markets
  • Competitive Landscape
  • Exhibit 47: Leading Players in the Indian Seamless Pipes and Tubes Market by Capacity: 2021
  • Rise in Oil Consumption to Benefit Welded Pipes Demand
  • Market Analytics
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Market Overview
  • Exhibit 48: Rig Count in Latin America: Nov-2021 Mar-2022
  • Exhibit 49: Average Rig Count in Latin America (2015-2021)
  • Market Analytics
BRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Market Overview
  • Exhibit 50: Average Rig Count in the Middle East: 2015-2021
  • Exhibit 51: Average Rig Count in the Middle East: Nov-2021 Mar-2022
  • Competition
  • Exhibit 52: Middle East Tubular Assets Market (2022e): Percentage Breakdown of Share by Company
  • Market Analytics
AFRICA
IV. COMPETITION
  • Total Companies Profiled: 199

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ArcelorMittal SA
  • EVRAZ North America Inc.
  • JFE Steel Corporation
  • Jindal SAW Ltd.
  • Maharashtra Seamless Limited
  • Nippon Steel Corporation
  • TMK Group
  • Tenaris S.A.
  • Tianjin Pipe (Group) Corporation
  • UMW Group
  • United States Steel Corporation
  • Vallourec& Mannesmann Tubes SAS
  • Wheatland Tube Company