The seamless pipes market size has grown steadily in recent years. It will grow from $235.59 billion in 2023 to $245.82 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The expansion witnessed during the historical period can be ascribed to robust economic growth in emerging markets and the rise of government initiatives aimed at bolstering the steel industry and its products, including seamless pipes.
The seamless pipes market size is expected to see steady growth in the next few years. It will grow to $293.81 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period is linked to the burgeoning oil and gas sector, the installation of new transmission pipelines, the continuous expansion of the chemical industry, and the swift pace of industrialization along with the growth in manufacturing industries. Key trends expected during this period involve an emphasis on investing in low-emission furnaces, the development of innovative technological solutions, the expansion of research and development (R&D) facilities, a focus on mergers and acquisitions, and a dedication to creating new and inventive products.
The seamless pipes market is anticipated to experience growth driven by the installation of new transmission pipelines. These pipelines, characterized by large-diameter steel pipes, play a crucial role in transporting crude oil from gathering systems to refining, processing, or storage facilities. Operating at high pressure and temperature, transmission pipelines facilitate the movement of natural gas from compressor stations and storage facilities to regulators, contributing to the expansion of the seamless pipes market. In November 2022, the US Energy Information Administration reported the construction of new transmission pipelines covering approximately 3 million miles of mainline, with ongoing efforts to connect natural gas production areas and storage facilities to consumers. The global installation of these pipelines has significantly propelled the seamless pipes market, ensuring the efficient transportation of natural gas to millions of consumers.
The seamless pipes market has also benefited from favorable government initiatives aimed at promoting its growth. Government actions, programs, or policies have encouraged the development and availability of seamless pipes as raw materials for manufacturers. An example of such initiatives is the agreement between France, Spain, and Portugal in October 2022 to construct an underwater pipeline for transporting hydrogen and natural gas. This project, known as the BarMar pipeline, addresses Europe's energy crisis by temporarily transporting natural gas while accommodating green hydrogen and renewable gases. Additionally, in November 2021, the government of Brazil implemented a 10% reduction in import taxes on various steel products, including tubes and pipes, fostering growth in the seamless pipes market. These governmental measures play a pivotal role in driving the seamless pipes market by supporting technological advancements and addressing specific industry needs.
The seamless pipes market is witnessing a surge in the adoption of technological advancements as a prominent trend. Leading players in the seamless pipes sector are directing their efforts towards the development of innovative products tailored for diverse industries such as oil and gas, hydrogen energy, and others, aiming to fortify their market position. A notable example occurred in July 2021 when TMK Company, a Russia-based seamless pipes manufacturer, collaborated with Gazprom, a state-owned multinational energy corporation in Russia, to introduce smart pipes designed for trunk gas pipelines. This groundbreaking solution represents the world's first technical approach to monitoring and diagnosing the integrity of pipeline infrastructure. Equipped with built-in sensors, these pipes offer real-time updates on the stress-strain behavior of gas pipelines, assessing their remaining service life to avert potential emergencies.
Prominent companies within the seamless pipes market are dedicated to the development of novel and innovative products to maintain competitiveness. In November 2021, Anshan Iron and Steel Group Corporation, a Chinese steel manufacturer, successfully engineered martensitic stainless steel seamless pipes. This product effectively addresses gaps in the Anshan Iron and Steel Group's portfolio, specifically in the realm of high-CO2 corrosion-resistant oil well pipe products. By enhancing the seamless steel tube continuous rolling mill high-alloy steel pipe production process, the innovation resolves challenges associated with the short service life of martensitic stainless steel perforated plugs.
In July 2022, Tenaris, a Luxembourg-based manufacturer specializing in steel pipes and seamless steel pipes, executed a strategic acquisition of Benteler Steel & Tube Manufacturing for $460 million. This move is poised to significantly augment Tenaris's seamless pipe production capacity and bolster its local manufacturing presence in the US market. Benteler Steel & Tube Manufacturing, the acquired entity, is a US-based producer of seamless steel pipes. This strategic transaction underscores the commitment of major players to advancing their capabilities and expanding their market footprint in the dynamic seamless pipes industry.
Major companies operating in the seamless pipes market report are Nippon Steel Corporation, Vallourec SA, Tenaris SA, ArcelorMittal, JFE Holdings, Inc., Sumitomo Corporation, Salzgitter AG, United States Steel Corporation, TATA Steel, Maharashtra Seamless Ltd., Hunan Standard Steel Co., Ltd., Ansteel Group Co., Ltd., Baosteel Trading Co., Ltd., Wuhan Heavy Industry Casting & Forging Co., Ltd., Jiangsu Wujin Stainless Steel Pipe Group Co., Ltd., Jindal Saw Ltd., Sandvik AB, IPP Europe Ltd., Tubos Reunidos S., TMK Group., Zekelman Industries Inc., Zamzam Steel, Santok Steel Corporation, ArcoSteel, AK Steel Holding
North America was the largest region in the seamless pipes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the seamless pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the seamless pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary categories of seamless pipes encompass hot finished and cold finished varieties. Hot finished seamless pipes are produced by heating a solid billet or bloom and then punching or piercing it to create a hollow structure. Materials used in their manufacture include steel and alloys, copper and alloys, nickel and alloys, magnesium alloys, and other diverse materials. The production process involves continuous mandrel rolling, the mannesmann plug mill process, cross roll piercing, and pilger rolling. Seamless pipes are employed across various industries, including oil and gas, building and construction, power generation, automotive, aviation, and other diverse applications.
The seamless pipes market research report is one of a series of new reports that provides seamless pipes market statistics, including seamless pipes industry global market size, regional shares, competitors with a seamless pipes market share, detailed seamless pipes market segments, market trends and opportunities, and any further data you may need to thrive in the seamless pipes industry. This seamless pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The seamless pipes market consists of sales of billets, chromium, molybdenum, nickel, and manganese. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The seamless pipes market size is expected to see steady growth in the next few years. It will grow to $293.81 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period is linked to the burgeoning oil and gas sector, the installation of new transmission pipelines, the continuous expansion of the chemical industry, and the swift pace of industrialization along with the growth in manufacturing industries. Key trends expected during this period involve an emphasis on investing in low-emission furnaces, the development of innovative technological solutions, the expansion of research and development (R&D) facilities, a focus on mergers and acquisitions, and a dedication to creating new and inventive products.
The seamless pipes market is anticipated to experience growth driven by the installation of new transmission pipelines. These pipelines, characterized by large-diameter steel pipes, play a crucial role in transporting crude oil from gathering systems to refining, processing, or storage facilities. Operating at high pressure and temperature, transmission pipelines facilitate the movement of natural gas from compressor stations and storage facilities to regulators, contributing to the expansion of the seamless pipes market. In November 2022, the US Energy Information Administration reported the construction of new transmission pipelines covering approximately 3 million miles of mainline, with ongoing efforts to connect natural gas production areas and storage facilities to consumers. The global installation of these pipelines has significantly propelled the seamless pipes market, ensuring the efficient transportation of natural gas to millions of consumers.
The seamless pipes market has also benefited from favorable government initiatives aimed at promoting its growth. Government actions, programs, or policies have encouraged the development and availability of seamless pipes as raw materials for manufacturers. An example of such initiatives is the agreement between France, Spain, and Portugal in October 2022 to construct an underwater pipeline for transporting hydrogen and natural gas. This project, known as the BarMar pipeline, addresses Europe's energy crisis by temporarily transporting natural gas while accommodating green hydrogen and renewable gases. Additionally, in November 2021, the government of Brazil implemented a 10% reduction in import taxes on various steel products, including tubes and pipes, fostering growth in the seamless pipes market. These governmental measures play a pivotal role in driving the seamless pipes market by supporting technological advancements and addressing specific industry needs.
The seamless pipes market is witnessing a surge in the adoption of technological advancements as a prominent trend. Leading players in the seamless pipes sector are directing their efforts towards the development of innovative products tailored for diverse industries such as oil and gas, hydrogen energy, and others, aiming to fortify their market position. A notable example occurred in July 2021 when TMK Company, a Russia-based seamless pipes manufacturer, collaborated with Gazprom, a state-owned multinational energy corporation in Russia, to introduce smart pipes designed for trunk gas pipelines. This groundbreaking solution represents the world's first technical approach to monitoring and diagnosing the integrity of pipeline infrastructure. Equipped with built-in sensors, these pipes offer real-time updates on the stress-strain behavior of gas pipelines, assessing their remaining service life to avert potential emergencies.
Prominent companies within the seamless pipes market are dedicated to the development of novel and innovative products to maintain competitiveness. In November 2021, Anshan Iron and Steel Group Corporation, a Chinese steel manufacturer, successfully engineered martensitic stainless steel seamless pipes. This product effectively addresses gaps in the Anshan Iron and Steel Group's portfolio, specifically in the realm of high-CO2 corrosion-resistant oil well pipe products. By enhancing the seamless steel tube continuous rolling mill high-alloy steel pipe production process, the innovation resolves challenges associated with the short service life of martensitic stainless steel perforated plugs.
In July 2022, Tenaris, a Luxembourg-based manufacturer specializing in steel pipes and seamless steel pipes, executed a strategic acquisition of Benteler Steel & Tube Manufacturing for $460 million. This move is poised to significantly augment Tenaris's seamless pipe production capacity and bolster its local manufacturing presence in the US market. Benteler Steel & Tube Manufacturing, the acquired entity, is a US-based producer of seamless steel pipes. This strategic transaction underscores the commitment of major players to advancing their capabilities and expanding their market footprint in the dynamic seamless pipes industry.
Major companies operating in the seamless pipes market report are Nippon Steel Corporation, Vallourec SA, Tenaris SA, ArcelorMittal, JFE Holdings, Inc., Sumitomo Corporation, Salzgitter AG, United States Steel Corporation, TATA Steel, Maharashtra Seamless Ltd., Hunan Standard Steel Co., Ltd., Ansteel Group Co., Ltd., Baosteel Trading Co., Ltd., Wuhan Heavy Industry Casting & Forging Co., Ltd., Jiangsu Wujin Stainless Steel Pipe Group Co., Ltd., Jindal Saw Ltd., Sandvik AB, IPP Europe Ltd., Tubos Reunidos S., TMK Group., Zekelman Industries Inc., Zamzam Steel, Santok Steel Corporation, ArcoSteel, AK Steel Holding
North America was the largest region in the seamless pipes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the seamless pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the seamless pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary categories of seamless pipes encompass hot finished and cold finished varieties. Hot finished seamless pipes are produced by heating a solid billet or bloom and then punching or piercing it to create a hollow structure. Materials used in their manufacture include steel and alloys, copper and alloys, nickel and alloys, magnesium alloys, and other diverse materials. The production process involves continuous mandrel rolling, the mannesmann plug mill process, cross roll piercing, and pilger rolling. Seamless pipes are employed across various industries, including oil and gas, building and construction, power generation, automotive, aviation, and other diverse applications.
The seamless pipes market research report is one of a series of new reports that provides seamless pipes market statistics, including seamless pipes industry global market size, regional shares, competitors with a seamless pipes market share, detailed seamless pipes market segments, market trends and opportunities, and any further data you may need to thrive in the seamless pipes industry. This seamless pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The seamless pipes market consists of sales of billets, chromium, molybdenum, nickel, and manganese. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Seamless Pipes Market Characteristics3. Seamless Pipes Market Trends and Strategies32. Global Seamless Pipes Market Competitive Benchmarking33. Global Seamless Pipes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Seamless Pipes Market
4. Seamless Pipes Market - Macro Economic Scenario
5. Global Seamless Pipes Market Size and Growth
6. Seamless Pipes Market Segmentation
7. Seamless Pipes Market Regional and Country Analysis
8. Asia-Pacific Seamless Pipes Market
9. China Seamless Pipes Market
10. India Seamless Pipes Market
11. Japan Seamless Pipes Market
12. Australia Seamless Pipes Market
13. Indonesia Seamless Pipes Market
14. South Korea Seamless Pipes Market
15. Western Europe Seamless Pipes Market
16. UK Seamless Pipes Market
17. Germany Seamless Pipes Market
18. France Seamless Pipes Market
19. Italy Seamless Pipes Market
20. Spain Seamless Pipes Market
21. Eastern Europe Seamless Pipes Market
22. Russia Seamless Pipes Market
23. North America Seamless Pipes Market
24. USA Seamless Pipes Market
25. Canada Seamless Pipes Market
26. South America Seamless Pipes Market
27. Brazil Seamless Pipes Market
28. Middle East Seamless Pipes Market
29. Africa Seamless Pipes Market
30. Seamless Pipes Market Competitive Landscape and Company Profiles
31. Seamless Pipes Market Other Major and Innovative Companies
35. Seamless Pipes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Seamless Pipes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on seamless pipes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for seamless pipes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Hot Finished Seamless Pipes; Cold Drawn Seamless Pipes
2) By Materials: Steel and Alloys; Copper and Alloys; Nickel and Alloys; Magnesium Alloys; Other Materials
3) By Production Process: Continuous Mandrel Rolling; Mannesmann Plug Mill Process; Cross-Roll Piercing; Pilger Rolling
4) By Application: Oil and Gas; Building and Construction; Power Generation; Automotive; Aviation; Other Applications
Key Companies Mentioned: Nippon Steel Corporation; Vallourec SA; Tenaris SA; ArcelorMittal; JFE Holdings, Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Nippon Steel Corporation
- Vallourec SA
- Tenaris SA
- ArcelorMittal
- JFE Holdings, Inc
- Sumitomo Corporation
- Salzgitter AG
- United States Steel Corporation
- TATA Steel
- Maharashtra Seamless Ltd
- Hunan Standard Steel Co., Ltd
- Ansteel Group Co., Ltd
- Baosteel Trading Co., Ltd
- Wuhan Heavy Industry Casting & Forging Co., Ltd
- Jiangsu Wujin Stainless Steel Pipe Group Co., Ltd
- Jindal Saw Ltd
- Sandvik AB
- IPP Europe Ltd.
- Tubos Reunidos S.
- TMK Group.
- Zekelman Industries Inc.
- Zamzam Steel
- Santok Steel Corporation
- ArcoSteel
- AK Steel Holding
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 245.82 Billion |
| Forecasted Market Value ( USD | $ 293.81 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
