Reports and Insights recently issued a fresh report in their database titled, “Seamless Steel Pipes Market: Opportunity Analysis and Future Assessment 2022-2030” offers a precise and comprehensive evaluation of global market size, share, country-level and regional analysis, market segmentation, competitive landscape, growth, market share, sales assessment. The Seamless Steel Pipes Market report primarily presents overviews, taxonomies, applications and market definition, product stipulations, manufacturing procedures, cost frameworks, raw materials and so forth. The study rifts the market by revenue and volume (wherever applicable) along with the price record to evaluate size and trend evaluation and distinguish gaps and opportunities.
The seamless steel pipes market is estimated to reach at a value of US$ 7,538.1 Mn by the end of 2022 and expected to reach at a value of US$ 10,879.0 Mn by 2030 with a significant CAGR of 4.7%.
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Seamless Steel Pipes Introduction
A seamless steel pipe can be understood as a round pipe incorporating a hollow piece with no seams surrounding it. The seamless steel pipe is typically developed of alloy steel, carbon steel, solid tube blank or stainless steel ingot, and then is further fabricated by hot rolling, cold drawing or cold rolling. Seamless pipes are deemed much superior to welded pipes as they are formed using monolithic steel billets, containing inherent mechanical strength, without seam brackets. The seamless steel pipe is extensively used in the domain of construction and engineering, and further, as it does not have a hollow steel strip and no seams, it is majorly employed in order to convey liquids pipelines. In addition to that, it has a robust resistance to corrosion, which makes its performance much more efficient. Moreover, the seamless steel tubes further makes it more popular as it contains no toxins.
Having said that, the most significant thing is that in comparison with other plastics, the seamless steel pipe has powerful mechanical resistance which makes it more preferable over other types of pipes. The growing number of applications of seamless steel pipes among various industries including construction, automobile, and mechanical industries, is majorly projected to boost the growth of the global seamless steel pipes market over the coming years.
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Seamless Steel Pipes Market Segmentation
The global seamless steel pipes market is segmented on the basis of process, coating, material, dimension, end-use industry, and region.
By Process
Hot Rolled
Cold Rolled
By Coating
Stainless Steel
Alloy Steel
Carbon Steel
Others (Duplex SS etc.)
By Material
3PP Coating
FBE Coating
3PE Coating
By Dimension
< 10 inches
10-15 inches
≥ 15 inches
By End-use Industry
Automotive
Power and Energy
Construction
Chemical & Petroleum
Oil and Gas Connections
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Seamless Steel Pipes Market Key Players
Some of the key participating players in global Seamless Steel Pipes market are:
JFE Holdings
Sandvik
Tenaris
IPP Group
Tianjin Pipe Corporation
Nippon Steel Corporation
ArcelorMittal S.A.
United States Steel Corporation
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