Lucintel Blog: Lucintel Forecasts Seamless Pipe Market to Grow at a CAGR of 4%-6%

Friday, January 21, 2022

Lucintel Forecasts Seamless Pipe Market to Grow at a CAGR of 4%-6%

According to the recent study the seamless pipe market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. Growth in this market is primarily driven by their durability, strength, corrosion resistance, and increasing usage in offshore rigs & oil field drilling applications.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in seamless pipe market by type (hot finished and cold finished), production process (continuous mandrel rolling, multi-stand plug mill (MPM), and cross-roll piercing & pilger rolling), material (steel & alloys, copper & alloys, nickel & alloys, and others), end use (oil & gas, infrastructure & construction, power generation, automotive, engineering, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/seamless-pipe-market.aspx

“Hot finished market is expected to remain the largest segment during the forecast period.”

Based on type, the seamless pipe market is segmented into hot finished and cold finished. Lucintel forecasts that the hot finished market is expected to remain the largest segment during the forecast period as these pipes are cost-effective, have good machinability, and are often preferred for projects that require high strength and close tolerance.

“Within the seamless pipe market, the oil & gas segment is expected to remain the largest end use.”

Based on end use, the oil & gas segment is expected to witness the largest segment over the forecast period due to their durability, strength, & corrosion resistance properties and increasing use in offshore rigs and oilfield drilling applications.

“Asia Pacific will dominate the seamless pipe market in near future.”

Asia Pacific is expected to be the largest region over the forecast period due to increasing industrialization and rapid infrastructural development in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/seamless-pipe-market.aspx

Major players of seamless 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. Zaffertec, Cimco Europe, Wheatland Tube Company, Techint, ISMT, ALCO, Shalco Industries, UMW, United Seamless Tubular, Nippon Steel & Sumitomo Metal, and ArcelorMittal are among the major seamless 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 click on this link https://www.lucintel.com/seamless-pipe-market.aspx or 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. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751