Global Seamless Steel Pipes Market - 2021-2028
発行: DataM Intelligence
ページ情報: 英文 402 Pages
The Global "Seamless Steel Pipes Market" is expected to grow at a CAGR of 3.8% during the forecasting period (2021-2028).
Seamless Steel Pipe is made from a solid round steel 'billet', which is a solid length of metal in square or circle form. It is heated and pushed or pulled over a form until the steel is shaped into a hollow tube, thus there are no welding or joints. It is used in high pressure, most critical locations and under most severe operating conditions
Demand from Oil and Gas Industry
The market is growing majorly due to rising demand from the oil and gas industry. It has higher strength and thus increasingly used in industrial boiler applications in the sector. According to the Nippon Steel, an advanced manufacturer of boilers, high-efficiency generation of seamless steel pipes has been in demand to control total carbon dioxide emissions, and for worldwide conservation of the global environment. Its various application includes ultra-supercritical pressure boilers, pressurized fluidized bed boilers, heat recovery steam generators of gas turbine combined cycle, and high-efficiency industrial waste incineration boilers. Steel tubes and pipes, to be used to respond to these situations, have been in demand to maintain both high quality and high performance. Seamless pipes are chosen over others, owing to their strength, durability, and corrosion resistance.
The rising demand of oil prices lead to an increasing demand for its efficient production which requires investment in advanced infrastructure. According to IEA (International Energy Agency), the global demand for oil pipe is expected to grow by 6.2% in 2021 which is 3% below 2019 levels due to COVID-19 impact however, it is projected to rise in the forecast period. For gas, the global demand is expected to be 3.2% for the year 2021, and would exceed 2019 levels by 1%. Demand for gas pipe has strongly outpaced that for oil pipe, owing to a large part to infrastructure development. Demand for seamless steel pipes has benefited from the construction of new transmission lines needed to transport oil and gas from drilling sites to customers, and the need for gathering systems at new drilling sites. The seamless pipe has outpaced welded pipe in recent years, reflecting strong growth for the market majority of the application requires the high strength of the seamless pipe.
The market is highly dependent on oil and gas industry. The industry had taken a hit during the pandemic due to two causes- the oil price war and the Covid-19 impact. The oil price war started due to failed agreement of production cuts. The decrease in demand of chemical and refined products was due to slow-downs of industrial activity and travel restrictions due to Covid-19. Oil and gas companies responded to this by cutting capital and operational expenditures , which affected the demand od seamless steel pipes.
The market can be segmented by application into oil and gas, automotive and transportation, mechanical engineering, construction, powerplant and, chemical and petrochemicals. Among these, oil and gas industry hold the maximum share in the market for the forecast period. Seamless steel pipes in oil and gas industry are used for different applications which include upstream operations, midstream, (transmission and distribution of fluids, as oil, gas, steam, acids, slurries) downstream (process piping to refine oil and gas in derivative products) general plumbing applications for utility services.
The market can be geographically segmented into North America, South America, Asia-Pacific, Europe and Middle East. Among these regions, Asia -Pacific region is expected to have the highest market share in the forecast period. Asia Pacific seamless steel pipes market is estimated to grow at the fastest growth rate during the forecast period, owing to the increasing demand for oil and gas, development of technologies, rising industrialization and infrastructural growth, growing demand for transport. China, India, Japan, Taiwan, and South Korea are key countries contributing to the high demand for seamless pipes in the Asia Pacific. The market in this region is expected to grow is also evident from the fact that majority of the manufacturers of seamless steel pipes are located in this region. Seamless pipes are widely used in various applications in the infrastructure & construction industry, owing to their properties, such as high strength, thermal resistance, corrosion resistance, and chemical resistance.
Some of the major players in the seamless steel pipes market are Vallourec SA, Chelpipe, OAO TMK, Tenaris SA, Baosteel Group Corporation, JFE Steel Corporation, US Steel, TPCO, ArcelorMittal S.A., Syngenta, Voestalpine Tubulars GmbH & Co KG, Weifang East Steel Pipe, Torich International, among others. The market is oligopolistic in nature. The companies invest heavily to update technologies. For instance, WSSL (Welspun Speciality Solutions) has stainless-steel seamless pipe & tube manufacturing capacity of ~18,000 tons per annum. The company has invested heavily in the latest infrastructure, equipped with ultra-modern technologies. Large companies use their own billets for the production of seamless steel pipes which cuts the cost of production. For instance, Pervouralsk Pipe plant a leading steel pipe enterprise in Russia and Europe produces over 25,000 typical sizes and profiles of pipes made from over 200 grades of carbon, alloy, and stainless steels; 85% of all seamless pipes are made using its own billets produced by the Iron Ozone 32 mill.
Another company in the market which manufactures seamless steel pipes for its majority of applications is ChelPipe whose products are consumed by companies of the oil and gas and power engineering complexes, mechanical engineering, construction industry, agriculture, and other sectors of industry. Large-diameter pipes produced by ChelPipe make over 70% of domestic pipelines. A total of over 60 million tons of LDP was produced during the history of the enterprise. Clients include the largest Russian and international oil and gas companies.
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