The report of Global Seamless Pipes Market by and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ 309.89 Bn by 2027, at a CAGR of 5.5% during a forecast period.
Seamless pipes are a type of pipe with round, hollow cross-sections without any weld-joint or seam is known as a seamless pipe. The global seamless pipes market is driven by such as the superior performance benefits related to the product containing the ability to withstand high pressure, high mechanical stress environment, and high temperature. Rising adoption of seamless pipes from the growing manufacturing and oil & gas sector are also projected to impelling the market growth in the forecast period. However, seamless pipes are costlier than other types of pipes and unstable prices of raw materials, are restraining the market growth at the global level. Upcoming demand for seamless Pipes from emerging economies are expected to create beneficial opportunities for the key player in the market over the forecast period. The stringent regulatory environment in end-use industries are the major challenge for the seamless Pipes market in the near future.
Infrastructure & construction segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the oil & gas segment has dominate the Seamless Pipes market and is estimated to grow at a CAGR of XX% during the forecast period. Seamless steel pipes are used in oil and gas projects owing to their strength, durability, and corrosion resistance. Seamless pipes are mostly used in oil field drilling activities and offshore rigs. These pipes are also utilized in the infrastructure & construction end-use industry mostly for sewage transport, water supply, etc. The infrastructure & construction segment is expected to grow at the CAGR of XX% during the forecast period.
The North America dominated the seamless pipes market in 2019
In 2019, North America held the XX% share of the seamless pipes market and is expected to maintain its dominance during the forecast period. North America is developing as a key exporter of fossil fuel through its ‘shale oil’ reserves, and North America has well-established chemical industry, these factors create lucrative opportunity for the overall seamless pipe market in region. Middle East & Africa and Latin America are estimated to hold maximum market share of XX% and XX% during the forecast period due to their noteworthy oil industries. In terms of both value and volume, the Asia Pacific region will record a significant CAGR of XX% during the forecasted period thanks to the increasing investments in the infrastructure & construction end-use industry and fast industrialization in the region.
Key players operating the global seamless pipes market are Nippon Steel & Sumitomo Metal Corporation, JFE Steel Corporation, ArcelorMittal SA, Tenaris S.A., Vallourec AG, Sandvik AB, United States Steel Corporation, Jindal Saw Ltd., PAO TMK, Indian Seamless Metal Tubes Limited., Zaffertec S.L., Cimco Europe C.F., IPP Europe Ltd., Wheatland Tube Company, Techint Group SpA, ISMT Ltd., ALCO SAS, Shalco Industries Pvt. Ltd., UMW Group, United Seamless Tubulaar Pvt. Ltd., Tianjin Pipe Corporation, Schulz USA, ChelPipe, EVRAZ Plc, Salzgitter Mannesmann Stainless Tubes GmbH, Tubos Reunidos, S.A., Arcelormittal S.A., PJSC Chelyabinsk Pipe-Rolling Plant, Seeberger GmbH & Co Kg, and Pearlitesteel.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Seamless Pipes Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Seamless Pipes Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Seamless Pipes Market positioning of competitors.
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