The report is titled as ‘Seamless Steel Pipes Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Seamless Steel Pipes market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Seamless Steel Pipes market is expected to grow with significant rate in the near future.
The seamless steel pipes market is estimated to reach at a value of US$ 7,538.1 Mn by the end of 2022 and expected to reach at a value of US$ 10,879.0 Mn by 2030 with a significant CAGR of 4.7%.
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Seamless Steel Pipes Introduction
A seamless steel pipe can be understood as a round pipe incorporating a hollow piece with no seams surrounding it. The seamless steel pipe is typically developed of alloy steel, carbon steel, solid tube blank or stainless steel ingot, and then is further fabricated by hot rolling, cold drawing or cold rolling. Seamless pipes are deemed much superior to welded pipes as they are formed using monolithic steel billets, containing inherent mechanical strength, without seam brackets. The seamless steel pipe is extensively used in the domain of construction and engineering, and further, as it does not have a hollow steel strip and no seams, it is majorly employed in order to convey liquids pipelines. In addition to that, it has a robust resistance to corrosion, which makes its performance much more efficient. Moreover, the seamless steel tubes further makes it more popular as it contains no toxins.
Having said that, the most significant thing is that in comparison with other plastics, the seamless steel pipe has powerful mechanical resistance which makes it more preferable over other types of pipes. The growing number of applications of seamless steel pipes among various industries including construction, automobile, and mechanical industries, is majorly projected to boost the growth of the global seamless steel pipes market over the coming years.
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Seamless Steel Pipes Market Segmentation
The global seamless steel pipes market is segmented on the basis of process, coating, material, dimension, end-use industry, and region.
By Process
- Hot Rolled
- Cold Rolled
By Coating
- Stainless Steel
- Alloy Steel
- Carbon Steel
- Others (Duplex SS etc.)
By Material
- 3PP Coating
- FBE Coating
- 3PE Coating
By Dimension
- < 10 inches
- 10-15 inches
- ≥ 15 inches
By End-use Industry
- Automotive
- Power and Energy
- Construction
- Chemical & Petroleum
- Oil and Gas Connections
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Seamless Steel Pipes Market Key Players
Some of the key participating players in global Seamless Steel Pipes market are:
- JFE Holdings
- Sandvik
- Tenaris
- IPP Group
- Tianjin Pipe Corporation
- Nippon Steel Corporation
- ArcelorMittal S.A.
- United States Steel Corporation
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