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Continuous Welded Pipes and Tubes - Global Market Trajectory & Analytics

  • ID: 2498180
  • Report
  • February 2022
  • Region: Global
  • 117 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Garth Industrial
  • JFE Steel Corporation
  • MRC Global Inc
  • Saginaw Pipe Co., Inc
  • TIASCO Ltd
  • Wheatland Tube Company

Global Continuous Welded Pipes and Tubes Market to Reach 23.5 Million Tons by 2026


Continuous welded pipe is a pipe with a single longitudinal seam that is formed through continuous welding process. These pipes are also referred to as Electric Fusion Welding (EFW) pipes. Growth in the global market would be mainly driven by improvement in residential construction and infrastructure spending on projects such as airport, metros, and greenhouse structures among others. The industry also stands to benefit from the requirement to replace antiquated pipelines, especially in developed economies of the US and Europe. As CW pipes are also used in fire sprinkler systems, stringent regulatory standards, and greater industrial safety requirements along with rise in infrastructure spending are expected to drive future demand. As CW pipes face strong competition from ERW pipes, there is a constant focus on improving product quality to ensure less wattage and lower frequency of replacement. Improved infrastructure spending driven by rapid urbanization, growing focus on urban water security and the ensuing expansion of water supply networks; healthy pace of industrialization and the resulting investments in pipelines for industrial water and wastewater management are also expected to boost growth prospects.

Amid the COVID-19 crisis, the global market for Continuous Welded Pipes and Tubes estimated at 18.3 Million Tons in the year 2020, is projected to reach a revised size of 23.5 Million Tons by 2026, growing at a CAGR of 4.2% over the analysis period.

The U.S. Market is Estimated at 1.6 Million Tons in 2021, While China is Forecast to Reach 10.6 Million Tons by 2026


The Continuous Welded Pipes and Tubes market in the U.S. is estimated at 1.6 Million Tons in the year 2021. The country currently accounts for a 8.52% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 10.6 Million Tons in the year 2026 trailing a CAGR of 5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach 11.1 Million Tons by the year 2027. Asia-Pacific represents a major market, driven by rapid industrialization along with investment in infrastructure development projects. In developed countries of North America and Europe, majority of the operational systems have reached the fag end of their useful lifespan, necessitating extensive overhaul of the existing systems, which in turn involve enormous investments and driving demand for replacement.

Select Competitors (Total 20 Featured) -

  • Continental Steel & Tube Company
  • Garth Industrial
  • JFE Steel Corporation
  • MRC Global Inc
  • Nippon Steel & Sumitomo Metal Corporation
  • Saginaw Pipe Co., Inc
  • TIASCO Ltd
  • Wheatland Tube Company
  • Zhejiang Jiuli Hi-Tech Metals Co., Ltd
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Garth Industrial
  • JFE Steel Corporation
  • MRC Global Inc
  • Saginaw Pipe Co., Inc
  • TIASCO Ltd
  • Wheatland Tube Company

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?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19-Led Economic Downturn Weighs on Construction Sector, Impacting Demand for CW Pipes
  • Global Construction Reset & Trajectory: Growth Outlook (In %) For Years 2019 Through 2025
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Continuous Welded Pipes: An Introduction
  • End-Uses of Continuous Weld Pipes
  • Product Quality Gains Importance
  • Aging Pipelines Drive Replacement Demand
  • Outlook
  • Continuous Welded Pipes and Tubes – Global Key Competitors Percentage Market Share in 2022 (E)
  • Recent Market Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Demand for Improved Water Access to Drive Demand
  • Rising Need to Upgrade Existing Water Infrastructure Opens New Opportunities
  • Global Water Demand by End-Use (in Billion m3) for Years 2013 & 2030
  • Product Quality Gains Importance
  • Aging Pipelines Drive Replacement Demand
  • Global Natural Gas Demand to Support Consumption of Continuous Welded Pipes
  • US Natural Gas Consumption % YoY Change: 2018-2022F
  • Global Primary Energy Consumption by Source (in %) for 2018 and 2040
  • Natural Witnesses Notable Compression Amid COVID-19
  • Impact of Lockdown on Natural Gas Consumption by Sector in Belgium, France, Italy, UK, and the US
  • Growth Remains Buoyant in Pressure Applications
  • Fire Sprinklers: An Important Market for CW Pipes
  • Surge in Number of High Rise Buildings Boost Prospects
  • Completions of 200-Meter-Plus Buildings: 2010-2021

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: World Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2020 through 2027 and % CAGR
TABLE 2: World Historic Review for Continuous Welded Pipes and Tubes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR
TABLE 3: World 15-Year Perspective for Continuous Welded Pipes and Tubes by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
  • Market Overview
  • Housing Starts in US in Thousands: 2015-2020
  • Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units (Jan 2021-Apr 2021)
  • US Construction Spending in US$ Billion for the Period January 2012 to January 2021
  • Residential Construction in the US (2008-2019): 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
  • Market Analytics
TABLE 4: USA Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 5: USA Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

CANADA

TABLE 6: Canada Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 7: Canada Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

JAPAN

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
TABLE 8: Japan Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 9: Japan Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

CHINA

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Market Analytics
TABLE 10: China Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 11: China Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

EUROPE

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Europe Construction Production Volume Growth by Quarter: 2020Q2 -2021Q1
  • Construction Industry in Europe - Year-on-Year (YoY) % Change in Construction Output for the Period 2014 through 2021E
TABLE 12: Europe Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2020 through 2027 and % CAGR
TABLE 13: Europe Historic Review for Continuous Welded Pipes and Tubes by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR
TABLE 14: Europe 15-Year Perspective for Continuous Welded Pipes and Tubes by Geographic Region - Percentage Breakdown of Volume Consumption for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027

FRANCE

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Construction in France Struggles with Dismal Performance
  • Market Analytics
TABLE 15: France Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 16: France Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

GERMANY

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
TABLE 17: Germany Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 18: Germany Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

ITALY

TABLE 19: Italy Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 20: Italy Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

UNITED KINGDOM

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
TABLE 21: UK Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 22: UK Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

SPAIN

TABLE 23: Spain Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 24: Spain Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

RUSSIA

TABLE 25: Russia Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 26: Russia Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

REST OF EUROPE

TABLE 27: Rest of Europe Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 28: Rest of Europe Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

ASIA-PACIFIC

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
TABLE 29: Asia-Pacific Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Geographic Region - India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2020 through 2027 and % CAGR
TABLE 30: Asia-Pacific Historic Review for Continuous Welded Pipes and Tubes by Geographic Region - India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR
TABLE 31: Asia-Pacific 15-Year Perspective for Continuous Welded Pipes and Tubes by Geographic Region - Percentage Breakdown of Volume Consumption for India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2021 & 2027

INDIA

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Market Analytics
TABLE 32: India Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 33: India Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

SOUTH KOREA

TABLE 34: South Korea Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 35: South Korea Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

REST OF ASIA-PACIFIC

TABLE 36: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 37: Rest of Asia-Pacific Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

LATIN AMERICA

  • Continuous Welded Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
TABLE 38: Latin America Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 39: Latin America Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

REST OF WORLD

  • Construction Sector in Middle East
  • Market Analytics
TABLE 40: Rest of World Recent Past, Current & Future Analysis for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes - Independent Analysis of Annual Consumption in Thousand Tons for the Years 2020 through 2027 and % CAGR
TABLE 41: Rest of World Historic Review for Continuous Welded Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2012 through 2019 and % CAGR

IV. COMPETITION

  • Total Companies Profiled: 20
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Continental Steel & Tube Company
  • Garth Industrial
  • JFE Steel Corporation
  • MRC Global Inc
  • Nippon Steel & Sumitomo Metal Corporation
  • Saginaw Pipe Co., Inc
  • TIASCO Ltd
  • Wheatland Tube Company
  • Zhejiang Jiuli Hi-Tech Metals Co., Ltd
Note: Product cover images may vary from those shown