According to the recent study the industrial seamless steel pipe market is projected to reach an estimated $10 billion by 2030 from $6.9 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by growing demand of seamless steel pipe in power generation and automotive industries due to its superior tensile strength and high corrosion & pressure resistance.
Browse 98 figures/charts
and 85 tables in this 216-page report to understand trends, opportunities and
forecast in industrial seamless steel pipe market by end use industry (power
generation, petrochemical, automotive, industrial processing plant, and
others), process (hot finished seamless pipe and cold finished seamless pipe),
diameter (small diameter pipes (up to 12 inches) and large diameter pipes (12
inches and above), pressure rating (high, medium, and low pressure) and region
(North America, Europe, Asia Pacific, and the Rest of the World).
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industrial seamless steel pipe
market.
Lucintel forecasts that
hot finished seamless pipes will remain the largest segment and it is also
expected to witness the highest growth over the forecast period because of its
low cost and high tolerance & crack resistance.
Within the global
industrial seamless steel pipe market, the power generation will remain the
largest end use industry over the forecast period due to growing hydro and
nuclear power generation plants. The automotive segment is expected to witness
the highest growth over the forecast period due to increasing vehicle
production.
APAC will remain the
largest region and it is also expected to witness the highest growth over the
forecast period due to the increasing urbanization, infrastructure development,
and the continuous growth of the industrial sectors in this region.
Major players of
industrial seamless steel pipe market are adopting various growth strategies
like new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market.
Vallourec, Chelpipe, TMK, Tenaris, Baosteel, JFE Steel, US Steel, and TPCO are
among the major industrial seamless steel pipe providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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