Seamless steel pipe market report provides a comprehensive analysis and outlook of seamless pipes made from different materials including alloy steel, carbon steel, and others. Amidst robust market demand from diverse applications, the industry is poised to register a robust market outlook over the forecast period to 2030. The seamless steel pipe industry analysis also provides insights into both hot-finished and cold-finished processes. Further, the market size outlook by applications including Oil and Gas, Chemicals & Petrochemicals, Automotive and Transportation, Power plants, Construction, Engineering, and Others is provided from 2021 to 2030 in the report. Profiles of 10+ companies and 25 countries are included in the research study.
Introduction
The rapid adoption of seamless steel pipes across manufacturing and energy industries is supporting the demand for seamless steel pipes. The ability to withstand extreme temperature ranges, corrosion resistance, high pressure, and high mechanical stress support the adoption of seamless steel pipes in diverse applications. Hot rolling is the dominant process of manufacturing seamless steel pipes. In addition to hot rolling, small seamless steel pipes are also made through cold-rolled or cold-drawn hot-rolled piers.
Seamless OCTG products are widely used in high-pressure applications in the oil and gas industry. As the products have no joint in the cross-sections throughout their length, they are widely used in upstream operations, the transmission of fluids, downstream pipes for oil, gas, and petroleum products, and general plumbing applications in utility service applications.
It possesses unique features of strength and anti-bending. Accordingly, applications requiring high-pressure endurance, great strength, and uniformity of structure often opt for seamless products. As the seamless pipe is manufactured by extruding the metal to the required length, the cost of the product is relatively higher than other types.
Growing preference for seamless steel pipes focus on emerging countries, adoption across building and infrastructure industries, Increase in Oil and Gas Exploration Activities, high Investment in Unconventional Oil and Gas Resources, and growing trade activities support the market outlook.
However, the high cost associated with seamless pipes acts as a deterrent to market growth. Further, intense competitive conditions in the market force companies to reduce their price margins. Companies face tough challenges of high capital investment, increasing manufacturing and material costs, complex manufacturing processes, and other challenges.
Further, the welded pipe market is gradually gaining market shares in the seamless pipes market, owing to continuous improvement in the technical level of welded pipes.
Seamless Steel Pipe Market Size Outlook to 2030
The chart below presents the seamless steel pipe market size forecasts from 2021 to 2030-
The global seamless steel pipe market size stood at $79.6 billion in 2022. The market is poised to grow steadily at a growth rate of 6.02%, compounded annually between 2023 and 2030. Driven by robust market potential across end-user industries, the seamless steel pipe presents significant growth prospects for manufacturers.
China's seamless steel pipe market outlook
China is the largest producer of oil in the region and has a well-established transmission and distribution network. The country offers strong potential for seamless steel pipe manufacturers amidst low-cost advantages, raw material availability, cheap labor, and robust domestic demand potential. However, the nation’s zero-COVID policy led to declining demand, resulting in fluctuating prices for seamless steel pipes in late 2022. However, the condition is likely to improve in early 2023, with demand recovery.
On the export front, the ongoing Russia-Ukraine crisis is offering opportunities for steel pipe manufacturers for exports to Europe. Companies are emphasizing expanding investments in high-value-added products to cater to the robust export market demand.
Seamless Steel Pipe Market Share Analysis- Oil and Gas held stood as the largest revenue generator in 2022
The oil and gas industry is the dominant revenue-generating application for seamless steel pipe companies. Robust demand for seamless steel pipes across upstream, midstream, and downstream value chain segments present strong growth prospects. Technological advancements in the manufacture of seamless steel pipes support the profitability of manufacturers and distributors.
The segment accounted for 55% market share in the global seamless steel pipe industry. Other leading application segments in the industry are engineering, power plant, chemicals and petrochemicals, automotive and transportation, building and construction, and others. The chart below provides the revenue generated by seamless steel pipe vendors across end-user industry segments-
Seamless Steel Pipe Competitive Landscape
The industry is highly competitive with companies focusing primarily on cost efficiency and concluding long-term contract agreements with buyers. As product differentiation is relatively low between products, an efficient pricing strategy remains vital for business growth. In addition, the role of trade policies is also widely observed. Mergers and acquisition strategies are often identified as the inorganic growth strategies in the industry. The report provides business profiles of leading seamless steel pipe suppliers including Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, TMK Group, Zaffertec SL, Tenaris SA, Vallourec SA, EVRAZ Plc, United States Steel Corp, and Jindal Saw Ltd.
Seamless Steel Pipe Market Segmentation
Material
Production process
Application
Companies
1. Executive Summary
1.1 Introduction to Seamless Steel Pipe Markets
1.2 Seamless Steel Pipe Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Seamless Steel Pipe Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Seamless Steel Pipe Market Trends
3.1.1 Widening applications of seamless products
3.1.2 Technological advancements
3.2 Key Seamless Steel Pipe Market Growth Drivers
3.2.1 Potential Benefits of Seamless Steel Pipes
3.2.2 Robust growth in the oil and gas industry
3.3 Key Seamless Steel Pipe Market Growth Restraints
3.3.1 growing penetration of lower-priced imports
3.3.2 Increased raw material costs
4 Seamless Steel Pipe Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Seamless Steel Pipe Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Seamless Steel Pipe Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Seamless Steel Pipe Market Size Outlook to 2030
5. Seamless Steel Pipe Market Segmentation- Outlook by Type
5.1 Seamless Steel Pipe Market Share Analysis by Type, 2023
5.2 Alloy steel based seamless pipe Market Outlook to 2030
5.3 Carbon steel based seamless pipe Market Outlook to 2030
5.4 Others
6. Seamless Steel Pipe Market Segmentation- Outlook by Production Process
6.1 Seamless Steel Pipe Market Share Analysis by Process, 2023
6.2 Hot Finished Seamless Steel Pipe Market Outlook to 2030
6.3 Cold Finished Seamless Steel Pipe Market Outlook to 2030
7. Seamless Steel Pipe Market Segmentation- Outlook by Application
7.1 Seamless Steel Pipe Market Share Analysis by Application, 2023
7.2 Oil and Gas: Seamless Steel Pipe Market Outlook to 2030
7.3 Chemicals & Petrochemicals: Seamless Steel Pipe Market Outlook to 2030
7.4 Automotive and Transportation Seamless Steel Pipe Market Outlook to 2030
7.5 Power Plant Seamless Steel Pipe Market Outlook to 2030
7.6 Construction Seamless Steel Pipe Market Outlook to 2030
7.7 Engineering Seamless Steel Pipe Market Outlook to 2030
7.8 Others
8. North America Seamless Steel Pipe Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Seamless Steel Pipe Market Growth Opportunities
8.2.1 North America Seamless Steel Pipe Market Outlook by Type, 2021 to 2030
8.2.2 North America Seamless Steel Pipe Market Outlook by Application, 2021 to 2030
8.2.3 North America Seamless Steel Pipe Market Outlook by Country, 2021 to 2030
8.3 United States Seamless Steel Pipe Market Outlook, 2021 to 2030
8.4 Canada Seamless Steel Pipe Market Outlook, 2021 to 2030
8.5 Mexico Seamless Steel Pipe Market Outlook, 2021 to 2030
9. Europe Seamless Steel Pipe Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Seamless Steel Pipe Market Growth Opportunities
9.2.1 Europe Seamless Steel Pipe Market Outlook by Type, 2021 to 2030
9.2.2 Europe Seamless Steel Pipe Market Outlook by Application, 2021 to 2030
9.2.3 Europe Seamless Steel Pipe Market Outlook by Country, 2021 to 2030
9.3 Germany Seamless Steel Pipe Market Outlook, 2021 to 2030
9.4 France Seamless Steel Pipe Market Outlook, 2021 to 2030
9.5 United Kingdom Seamless Steel Pipe Market Outlook, 2021 to 2030
9.6 Spain Seamless Steel Pipe Market Outlook, 2021 to 2030
9.7 Italy Seamless Steel Pipe Market Outlook, 2021 to 2030
9.8 Other Europe Seamless Steel Pipe Market Outlook, 2021 to 2030
10. Asia Pacific Seamless Steel Pipe Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Seamless Steel Pipe Market Growth Opportunities
10.2.1 Asia Pacific Seamless Steel Pipe Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Seamless Steel Pipe Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Seamless Steel Pipe Market Outlook by Country, 2021 to 2030
10.3 China Seamless Steel Pipe Market Outlook, 2021 to 2030
10.4 Japan Seamless Steel Pipe Market Outlook, 2021 to 2030
10.5 India Seamless Steel Pipe Market Outlook, 2021 to 2030
10.6 South Korea Seamless Steel Pipe Market Outlook, 2021 to 2030
10.7 Indonesia Seamless Steel Pipe Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Seamless Steel Pipe Market Outlook, 2021 to 2030
11. South and Central America Seamless Steel Pipe Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Seamless Steel Pipe Market Growth Opportunities
11.2.1 South and Central America Seamless Steel Pipe Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Seamless Steel Pipe Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Seamless Steel Pipe Market Outlook by Country, 2021 to 2030
11.3 Brazil Seamless Steel Pipe Market Outlook, 2021 to 2030
11.4 Argentina Seamless Steel Pipe Market Outlook, 2021 to 2030
11.5 Other Latin America Seamless Steel Pipe Market Outlook, 2021 to 2030
12. Middle East and Africa Seamless Steel Pipe Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Seamless Steel Pipe Market Growth Opportunities
12.2.1 Middle East and Africa Seamless Steel Pipe Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Seamless Steel Pipe Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Seamless Steel Pipe Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Seamless Steel Pipe Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Seamless Steel Pipe Market Outlook, 2021 to 2030
12.5 Other Middle East Seamless Steel Pipe Market Outlook, 2021 to 2030
12.6 Egypt Seamless Steel Pipe Market Outlook, 2021 to 2030
12.7 South Africa Seamless Steel Pipe Market Outlook, 2021 to 2030
12.8 Other Africa Seamless Steel Pipe Market Outlook, 2021 to 2030
13. Profiles of major world Seamless Steel Pipe Companies
13.1 Nippon Steel Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 ArcelorMittal SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 JFE Steel Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 TMK Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Zaffertec SL
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Tenaris SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 Vallourec SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 United States Steel Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13.9 EVRAZ Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13.10 Jindal Saw Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
Growing preference for seamless steel pipes focus on emerging countries, adoption across building and infrastructure industries, Increase in Oil and Gas Exploration Activities, high Investment in Unconventional Oil and Gas Resources, and growing trade activities support the market outlook.
The global seamless steel pipe market size stood at $79.6 billion in 2022.
The global seamless steel pipe market size is poised to grow steadily at a growth rate of 6.02%, compounded annually between 2023 and 2030.
Nippon Steel Corporation, ArcelorMittal SA, JFE Steel Corporation, TMK Group, Zaffertec SL, Tenaris SA, Vallourec SA, EVRAZ Plc, United States Steel Corp, Jindal Saw Ltd, and others
The engineering segment presents significant growth prospects in addition to automotive, power, and infrastructure applications