Lucintel's latest market report analyzed that industrial seamless steel pipe provides attractive opportunities in the power generation, petrochemical, industrial plant processing, and automotive industries. The industrial seamless steel pipe market is expected to reach $5.1 billion by 2025 with a CAGR of 1.3%. In this market, a hot finished seamless pipe is the largest segment by process, whereas power generation is largest by end use industry. The increasing use of premium and technically advanced pipe by dopeless technology and increasing focus on pipe strength and durability with use of cold finished seamless pipes provides strategic growth path in this market.
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Based on process, the
industrial seamless steel pipe market is segmented into hot finished seamless
pipe and cold finished seamless pipe. The hot finished seamless pipe segment is
accounted for the largest share of the market in 2020 and is expected to
register the highest CAGR during the forecast period, because of its low cost
and high tolerance & crack resistance.
Browse in-depth TOC on “Industrial
Seamless Steel Pipe Market”
138 – Tables
170 – Figures
245 – Pages
The industrial seamless
steel pipe market is marked by the presence of several big and small players.
Some of the prominent players offering industrial seamless steel pipe include Vallourec,
Chelpipe, TMK, Tenaris, Baosteel, JFE Steel, US Steel, and TPCO and others.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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