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Helical Submerged Arc Welded (HSAW) Pipes - Global Market Trajectory & Analytics

  • ID: 2498181
  • Report
  • February 2022
  • Region: Global
  • 365 Pages
  • Global Industry Analysts, Inc
Inter-Regional Supply of Oil and Gas to Boost Demand for Large OD Pipes

FEATURED COMPANIES

  • ArcelorMittal SA
  • EVRAZ North America
  • Jindal SAW Ltd.
  • Man Industries Ltd.
  • PAO TMK Group
  • Stupp Corporation

Global Helical Submerged Arc Welded (HSAW) Pipes Market to Reach $6.3 Billion by 2026


Spiral Weld Pipes or Helical Submerged Arc Welded (HSAW) is a steel pipe that has a seam running its entire length in a spiral form. HSAW pipes are mainly used in onshore transportation of oil and gas, in water distribution, and cooling water lines by power generation facilities. In addition, these pipes are also used in structural applications such as piling in civil engineering constructions including high rise buildings and bridges. Earlier, use of HSAW pipes was limited to low pressure applications. However, improvement in manufacturing technology and steel grades over the years has extended its use to high pressure applications. In addition to the improvement in investments in oil and gas industry amidst the surge in energy consumption worldwide, replacement demand for most of the antiquated pipeline infrastructure, particularly in developed regions offers potential growth prospects.

Amid the COVID-19 crisis, the global market for Helical Submerged Arc Welded (HSAW) Pipes estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. 18-24 Inches, one of the segments analyzed in the report, is projected to grow at a 3.2% CAGR to reach US$1.6 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 24-48 Inches segment is readjusted to a revised 3.7% CAGR for the next 7-year period. This segment currently accounts for a 60.8% share of the global Helical Submerged Arc Welded (HSAW) Pipes market.



The U.S. Market is Estimated at $830.2 Million in 2021, While China is Forecast to Reach $2.3 Billion by 2026


The Helical Submerged Arc Welded (HSAW) Pipes market in the U.S. is estimated at US$830.2 Million in the year 2021. The country currently accounts for a 15.74% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2026 trailing a CAGR of 4.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$2.4 Billion by the end of the analysis period. The US experienced significant growth in recent years led by factors such as commencement of large natural gas and shale gas exploration projects, liberalization of gas prices, and unbundling of pipeline transportation from gas commercialization. The high tide in the domestic natural gas sector, especially in the shale gas vertical, pumped in huge investments into pipeline infrastructure development projects. Major portion of the growth in the HSAW pipes over the next two decades is expected to emerge from the rapidly growing non-OECD economies, specifically China and India, led by an ever increasing demand for energy and rise in infrastructure development projects.

Over 48 Inches Segment to Reach $850.4 Million by 2026


Driven by uptake in drilling activity across the world, as exploration of deep-water oil & gas reserves intensify further and CAPEX spending improves, growth in large diameter pipes is expected to be upbeat. Rising demand from Asia is also expected to result in natural gas and oil being transported from long distances as the gap between consumer and supplier begins to expand. As a consequence, a significant rise in global investments for infrastructure projects such as pipeline networks is anticipated in the years ahead leading to growth in large diameter pipes. In the global Over 48 Inches segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$495.9 Million in the year 2020 will reach a projected size of US$584.7 Million 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 US$131.6 Million by the year 2026.

Select Competitors (Total 61 Featured) -

  • American Cast Iron Pipe Company
  • ArcelorMittal SA
  • Borusan Mannesmann Boru Sanayi ve Ticaret A.S.
  • Europipe GmbH
  • EVRAZ North America
  • JFE Steel Corporation
  • Jindal SAW Ltd.
  • Jindal Tubular USA LLC
  • Kuwait Pipe Industries and Oil Services Company (KSC)
  • Liaoyang Steel Tube Co., Ltd.
  • Man Industries Ltd.
  • National Pipe Company Ltd.
  • Nippon Steel & Sumitomo Metal Corporation
  • Noksel Çelik Boru Sanayi A.S
  • Northwest Pipe Company
  • PAO TMK Group
  • PSL Limited
  • Shengli Oil & Gas Pipe Holdings Limited
  • Stupp Corporation
  • Welspun Corp Ltd.
Frequently Asked Questions about the Global Market for Helical Submerged Arc Welded (HSAW) Pipes

What is the estimated value of the Global Market for Helical Submerged Arc Welded (HSAW) Pipes?

The Global Market for Helical Submerged Arc Welded (HSAW) Pipes was estimated to be valued at $5.1 Billion in 2020.

What is the growth rate of the Global Market for Helical Submerged Arc Welded (HSAW) Pipes?

The growth rate of the Global Market for Helical Submerged Arc Welded (HSAW) Pipes is 3.6%, with an estimated value of $6.3 Billion by 2026.

What is the forecasted size of the Global Market for Helical Submerged Arc Welded (HSAW) Pipes?

The Global Market for Helical Submerged Arc Welded (HSAW) Pipes is estimated to be worth $6.3 Billion by 2026.

Who are the key companies in the Global Market for Helical Submerged Arc Welded (HSAW) Pipes?

Key companies in the Global Market for Helical Submerged Arc Welded (HSAW) Pipes include American Cast Iron Pipe Company, ArcelorMittal SA, Borusan Mannesmann Boru Sanayi ve Ticaret A.S., Europipe GmbH, EVRAZ North America, JFE Steel Corporation, Jindal SAW Ltd., Jindal Tubular USA LLC and Liaoyang Steel Tube Co., Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ArcelorMittal SA
  • EVRAZ North America
  • Jindal SAW Ltd.
  • Man Industries Ltd.
  • PAO TMK Group
  • Stupp Corporation

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
  • A Review of COVID-19 Impact on Major End-Use Markets for HSAW Pipes
  • Oil & Gas Sector Witnesses Recovery
  • Global Brent Crude Oil Price Trends in US$/barrel: Oct 2019 –May 2021
  • World Average Rig Count by Region: Jan-May 2021
  • World Average Rig Count by Region (2015-2020)
  • Oil & Gas Industry Increases Focus on Energy Transitions
  • Increase in Economic Activity & Mobility Benefit Liquid Fuels
  • Oil and Gas Companies Set to Adjust Spending in Near Term
  • Breakdown of CAPEX Reductions (in US$ Billion) by Type of Oil Company in 1Q 2020
  • Global CAPEX for Upstream Oil and Gas: 2019-2021
  • COVID-19-Led Economic Downturn Weighs on Construction Sector
  • Global Construction Reset & Trajectory: Growth Outlook (In %) For Years 2019 Through 2025
  • Infrastructure Spending to Bring COVID-19 Hit Economies Back on Track
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • An Introduction to Welded Pipes & Tubes
  • Submerged Arc Welded (SAW) Pipes
  • Spiral SAW Welded Pipes
  • Manufacturing Stages of HSAW Pipes
  • Types of Spiral Pipe Production Processes
  • Helical SAW Pipes Vs Longitudinal Weld Pipes
  • Global Helical Submerged Arc Welded (HSAW) Pipes Market: A Prelude
  • Near-to Mid-Term Prospects Remain Favorable
  • Developing Economies to Spearhead Future Growth
  • Recent Market Activity
  • Market Demand Strongly Influenced by CAPEX on Pipeline Infrastructure
  • Helical Submerged Arc Welded (HSAW) Pipes – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in HR Coil Prices Impact SAW Pipes
  • Hot Rolled Steel Coil Monthly Price Trends (in $ per mt) in the US Midwest (Jan 2020-May 2021)
  • Global Pipeline Scenario
  • Changing Fortunes of Oil and Gas Companies
  • Natural Gas Dominates Pipeline Buildout
  • Regional Review: North America and Asia-Pacific Dominate Pipeline Building
  • Changing Energy Mix Influences Trends in Pipes Market
  • Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • Global Primary Energy Consumption by Source (in %) for 2018 and 2040
  • Investments into Oil & Gas Pipeline Infrastructure Worldwide: Vital for the Growth of HSAW Pipes Market
  • Global Capital Spending (in $ Billion) on Planned & Announced Oil & Gas Projects by Segment (2018-2025)
  • Replacement of Aging Gas Pipelines Offers Strong Growth Potential
  • Growth in Inter-Regional Supply of Oil and Gas to Boost Demand for Large OD Pipes
  • Number of Crude Oil Pipeline Worldwide by Project Status: 2020
  • Number of Natural Gas Pipeline Worldwide by Project Status: 2020
  • Infrastructure Investments to Drive Growth in Piling Applications
  • Global Infrastructure Spending in US$ Billion (2014-2022)
  • Water Infrastructure Replacement and Upgrades Open Growth Opportunities
  • US Senate Passes New Act to Fulfill Water Infrastructure Objectives
  • Trenchless Technologies Augur Well Spiral Welded Pipes
  • Automation Gains Momentum in Spiral Pipe Welding Operations
  • Corrosion Protection: An Important Area of Focus
  • Alternate Means of Oil & Gas Transportation: Threat to Pipeline Transport

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • US Market for Large Diameter Pipes by Category (2020): Percentage Breakdown of Value Demand for Steel, Concrete, HDPE and Others
  • Oil & Gas Sector Dynamics and Impact on HSAW Pipes
  • Crude Oil Production to Increase Consistently to Maintain Pace with Surging Demand
  • Pipeline Plans Covering $1 Trillion of New Investment Face High Degree of Uncertainty
  • CAPEX Scenario
  • Global Upstream Capex Change (%) in the US Oil & Gas Industry for FY 2020
  • Spending Estimates by Shale Gas Drillers in the US: 2016-2021
  • Oil and Gas Production (in Million Barrels of Oil Equivalent (Boe) per Day) by Type in the US for 2000-2040
  • Natural Gas to Benefit from Rise in Domestic Consumption
  • U.S. Natural Gas Pipeline Exports to Mexico (Billion Cubic Feet): 2010-2020
  • U.S. Natural Gas Pipeline Exports to Canada (Bcf): 2010-2020*
  • Changing Energy Mix Influences Demand for Steel LDPs
  • Annual Production of Shale Gas (In Trillion Cubic Feet) in the US for 2010-2040
  • Replacement Demand Presents Demand Potential for HSAW Pipes
  • Aging Water Infrastructure Drives Replacement Demand
  • Important Water Infrastructure Projects Underway Amidst Coronavirus Crisis

CANADA

  • Canada: The Land of Abundant Natural Resources
  • Remote Location of O&G Reserves Drive the Need for New Pipeline Infrastructure

JAPAN

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • China’s Renewed Focus on Natural Gas Pipeline Networks Holds Opportunities for Spiral Weld Pipes Market
  • China Primary Energy Consumption by Source: 2019 & 2040
  • Natural Gas Demand in China: 1990-2020
  • Crude Oil Imports to Boost Demand for Steel Pipes

EUROPE

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Overview

FRANCE

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview

SPAIN


RUSSIA


TURKEY


REST OF EUROPE

ASIA-PACIFIC

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

INDIA

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Water Supply Infrastructure to Benefit Pipe Manufacturers

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview

MIDDLE EAST

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview
  • Adoption of Desalination Technology to Drive Pipeline Infrastructure

SAUDI ARABIA


REST OF MIDDLE EAST

AFRICA

  • Helical Submerged Arc Welded (HSAW) Pipes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 61
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • American Cast Iron Pipe Company
  • ArcelorMittal SA
  • Borusan Mannesmann Boru Sanayi ve Ticaret A.S.
  • Europipe GmbH
  • EVRAZ North America
  • JFE Steel Corporation
  • Jindal SAW Ltd.
  • Jindal Tubular USA LLC
  • Kuwait Pipe Industries and Oil Services Company (KSC)
  • Liaoyang Steel Tube Co., Ltd.
  • Man Industries Ltd.
  • National Pipe Company Ltd.
  • Nippon Steel & Sumitomo Metal Corporation
  • Noksel Çelik Boru Sanayi A.S
  • Northwest Pipe Company
  • PAO TMK Group
  • PSL Limited
  • Shengli Oil & Gas Pipe Holdings Limited
  • Stupp Corporation
  • Welspun Corp Ltd.
Note: Product cover images may vary from those shown