U.S. Cold Drawn Seamless Steel Pipes Market By Standard (ASTM A179, ASTM A106, ASTM A511/A511M, ASTM A213), Product Type (MS Seamless Steel Pipes), Production Process, Application, and End-use Industry - Forecasts to 2029

U.S. Cold Drawn Seamless Steel Pipes Market Worth $994.3 Million by 2029

The research report titled, ‘U.S. Cold Drawn Seamless Steel Pipes Market By Standard (ASTM A179, ASTM A106, ASTM A511/A511M, ASTM A213), Product Type (MS Seamless Steel Pipes), Production Process, Application, and End-use Industry - Forecasts to 2029,’ provides an in-depth analysis of U.S. cold drawn seamless steel pipes market and emphasizes on the current market sizes, market shares, recent developments, and forecasts till 2029. The U.S. cold drawn seamless steel pipes market is expected to reach $994.3 million by 2029, growing at a CAGR of 7.7% during the forecast period 2022–2029.

The growth of this market is attributed to the increasing demand for seamless pipes in the oil & gas sector. The volatile raw material prices and lower demand in saturated markets are expected to restrain the growth of the U.S. cold drawn seamless steel pipes market. Increased offshore spending and new oilfield discoveries are expected to create significant growth opportunities for the players operating in this market. However, trade protectionism and the introduction of new substitutes pose challenges to the growth of the market.

The study offers a comprehensive analysis of the U.S. cold drawn seamless steel pipes market based on standard (ASTM A179, ASTM A106, ASTM A511/A511M, ASTM A192, ASTM A209, ASTM A213, ASTM A210, ASTM A333, ASTM A335, ASTM A53, and other standards), product type (MS seamless steel pipes, hydraulic MS seamless pipes, ERW square & rectangular hollow section pipes, and honed tubes), production process (cross-roll piercing & pilger rolling, multi-stand plug mill, and continuous mandrel rolling), application (precision instrumentation, boiler tubes, heat exchanger tubes, hydraulic applications, fluid transfer lines, rifled tubes, bearing pipes, mining applications, automotive applications, and general engineering applications), and end-use industry (oil & gas, infrastructure & construction, power generation, automotive, and other end-use industries).

Based on standard, the U.S. cold drawn seamless steel pipes market is segmented into ASTM A179, ASTM A106, ASTM A511/A511M, ASTM A213, ASTM A192, ASTM A209, ASTM A210, ASTM A333, ASTM A335, ASTM A53, and other standards. In 2022, the ASTM A335 segment is estimated to account for the largest share of the U.S. cold drawn seamless steel pipes market. The large market share of this segment is attributed to the increasing need for seamless ferritic alloy steel pipes for high-temperature services; its characteristics include higher strength, resistance, elasticity, and hardenability. However, the ASTM A213 segment is expected to register the highest CAGR during the forecast period.

Based on product type, the U.S. cold drawn seamless steel pipes market is segmented into MS seamless steel pipes, hydraulic MS seamless pipes, ERW square & rectangular hollow section pipes, and honed tubes. In 2022, the MS seamless steel pipes segment is estimated to account for the largest share of the U.S. cold drawn seamless steel pipes market. This segment is also slated to register the highest CAGR during the forecast period. The high growth of this segment is attributed to its increasing use in the construction industry due to its high strength and pressure-bearing capability, growing use in the manufacture of structural parts & mechanical parts, including oil drill pipes, automobile transmission shafts, bicycle frames, and steel scaffolding.

Based on production process, the U.S. cold drawn seamless steel pipes market is segmented into cross-roll piercing & pilger rolling, multi-stand plug mill, and continuous mandrel rolling. In 2022, the cross-roll piercing & pilger rolling segment is estimated to account for the largest share of the U.S. cold drawn seamless steel pipes market. However, the continuous mandrel rolling segment is slated to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need to reduce the outside diameter and wall thickness during production and a surge in the need for hydraulically positioned rolls to achieve high output to cater on mass production lines.

Based on application, the U.S. cold drawn seamless steel pipes market is segmented into precision instrumentation, boiler tubes, heat exchanger tubes, hydraulic applications, fluid transfer lines, rifled tubes, bearing pipes, mining applications, automotive applications, and general engineering applications. In 2022, the boiler tubes segment is estimated to account for the largest share of the U.S. cold drawn seamless steel pipes market. This segment is also slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing need for boiler tubes in steam boilers, fossil fuel plants, industrial processing plants, and electric power plants. Additionally, the growing demand for boiler tubes from end-use industries boosts the growth of this segment.

Based on end-use industry, the U.S. cold drawn seamless steel pipes market is segmented into oil & gas, infrastructure & construction, power generation, automotive, and other end-use industries. In 2022, the oil & gas segment is estimated to account for the largest share of the U.S. cold drawn seamless steel pipes market. The large market share of this segment is attributed to the increasing government initiatives & investments and the rising need for upstream operations, including onshore & offshore drilling, general plumbing applications, and midstream operations in the oil & gas industry. However, the power generation segment is slated to register the fastest CAGR during the forecast period.

The key players operating in the U.S. cold drawn seamless steel pipes market are ArcelorMittal North America Holdings LLC (U.S.), U. S. Steel Tubular Products Inc. (U.S.), Chicago Tube and Iron Company (U.S.), American Piping Products Inc. (U.S.), Bison Stainless Tube, LLC (U.S.), Penn Stainless Products, Inc. (U.S.), Bri-steel Manufacturing (Canada), Michigan Seamless Tube, LLC. (U.S.), U.S. Metals, Inc. (U.S.), and Industrial Tube and Steel Corporation (U.S.).

Key Questions Answered in the Report

• Which are the high growth market segments in terms of standard, product type, production process, application, and end-use?
• What is the historical market for U.S. cold drawn seamless steel pipes?
• What are the market forecasts and estimates from the period 2022 to 2029?
• What are the major drivers, restraints, opportunities, and challenges in the U.S cold drawn seamless steel pipes market?
• Who are the major players in the U.S. cold drawn seamless steel pipes market, and what shares of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the U.S. cold drawn seamless steel pipes market?
• What are the different strategies adopted by the major players in the U.S. cold drawn seamless steel pipes market?
• Who are the local emerging players in the U.S. cold drawn seamless steel pipes market and how do they compete with other players?

Scope of the Report

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U.S. Cold Drawn Seamless Steel Pipes Market, by Standard

• ASTM A179
• ASTM A106
• Grade A
• Grade B
• Grade C
• ASTM A511/A511M
• ASTM A213
• Grade T11
• Grade T22
• Grade T1
• Other Grades
• ASTM A192
• ASTM A209
• Grade T1
• Grade T22
• Grade T11
• Other Grades
• ASTM A210
• Grade A1
• Grade C
• ASTM A333
• Grade 1
• Grade 6
• ASTM A335
• Grade P11
• Grade P22
• Grade P1
• Other Grades
• ASTM A53
• Other Standards

U.S. Cold Drawn Seamless Steel Pipes Market, by Product Type

• MS Seamless Steel Pipes
• Hydraulic MS Seamless Pipes
• ERW Square & Rectangular Hollow Section Pipes
• Honed Tubes

U.S. Cold Drawn Seamless Steel Pipes Market, by Production Process

• Cross-roll Piercing & Pilger Rolling
• Multi-stand Plug Mill
• Continuous Mandrel Rolling

U.S. Cold Drawn Seamless Steel Pipes Market, by Application

• Precision Instrumentation
• Boiler Tubes
• Heat Exchanger Tubes
• Hydraulic Applications
• Fluid Transfer Lines
• Rifled Tubes
• Bearing Pipes
• Mining Applications
• Automotive Applications
• General Engineering Applications

U.S. Cold Drawn Seamless Steel Pipes Market, by End-use Industry

• Oil & Gas
• Infrastructure & Construction
• Power Generation
• Automotive
• Other End-use Industries