Seamless Pipes and Tubes Market

Seamless Pipes and Tubes Market Outlook (2023 to 2033)

The global seamless pipes and tubes market is valued at US$ 185.1 billion in 2023 and is projected to reach US$ 331.4 billion by 2033.

Global demand for seamless pipes and tubes is forecasted to increase at a CAGR of 6% during the next 10 years.

Hot, solid-shaped steel 'billet' is pressed over a mould and formed into a hollow tube to produce a seamless pipe. Generally, seamless pipes are available in the range of 1/8 inch to 26-inch outside diameter. Seamless pipes are also manufactured as per specific measurements and pipe diameter specifications.

Sales of seamless pipes are constantly increasing because of strong demand from numerous industries. Seamless pipes and tubes are seen to be the best choice for use in various industries, including steam boilers, heat exchangers, chemicals, oil and gas, and pharmaceuticals due to their resistance to corrosion and metallurgical toughness.

In the oil and gas sector, seamless pipes compete with welded steel pipes, and the usage of seamless pipes and tubes is going to climb as drilling complexity rises.

• Hot finished seamless pipes and cold finished seamless pipes are two types of seamless pipes. Sales of hot finished seamless pipes are expected to increase at a CAGR of 6.5% from 2023 to 2033.

When differentiated from cold drawn seamless steel pipes, a spinning heated bar is typically used to manufacture hot finished seamless pipes, which are then pierced to form hollow tubes. Hot finished seamless pipes have several benefits, such as affordable heavy wall pipe price, simple machinability, and a great alternative for the majority of processing methods.

Many components, including axles, bosses, rollers, spacers, large-diameter hydraulic cylinders, collars, oil and gas components, hinges, and sleeves, as well as drilling equipment and agricultural equipment, are made using hot finished seamless pipes.

Steel & alloys, copper & alloys, aluminum & magnesium alloys, and nickel & alloys are some of the materials used to produce seamless tubes and pipes. The interior liner of a bimetallic combination tube, which is formed of stainless steel, titanium alloy, copper or aluminium, among other materials, are been manufactured by using carbon steel pipe as the basic pipe.

Carbon steel is robust and long-lasting due to its elemental composition, making it suitable for a variety of uses. Corrosion & shock resistance, high tensile strength, and being ecologically friendly, safe, and economically advantageous are some of the main advantages of carbon steel pipe.

The transportation of natural gases, oil, sewage and wastewater, high-pressure applications, chemical processing, and the construction of bollards are some of the applications where seamless carbon steel pipes are widely used.

Report Attributes	Details
Estimated Market Size in 2023	US$ 185.1 Billion
Forecasted Market Value (2033F)	US$ 331.4 Billion
Global Market Growth Rate (2023 to 2033)	6% CAGR
China Market Growth Rate (2023 to 2033)	7.5% CAGR
Japan Market Growth Rate (2023 to 2033)	4% CAGR
Germany Market Growth Rate (2023 to 2033)	4.5% CAGR
Canada Market Growth Rate (2023 to 2033)	6% CAGR
Key Companies Profiled	Aesteiron Steels LLP Bharat Heavy Electricals Ltd. Baosteel Group Corporation EVRAZ North America Atlas Steels Continental Steel & Tube Company Benteler International AG EVRAZ plc Baofeng Steel Group Co., Ltd. Danieli & C. Officine Meccaniche SpA Ansteel Group Corporation D.P. Jindal Group China Metallurgical Information and Standardization Institute (CMISI)

Which Aspects are Expected to Benefit Manufacturers of Seamless Pipes & Tubes?

“Rapidly Developing Steel Industry Driving Use of Seamless Steel Pipes”

Nearly all industries, including automotive and construction, highly use steel pipes. Iron ore is treated with coal and coke to generate crude steel, which is then reduced with limestone in a simple oxygen furnace. Resources are being used more widely in power plants, construction projects, and other industries as a result of urbanization and the rapidly rising population.

A surplus of raw materials has also been generated due to the expanding steel industry for the benefit of seamless steel producers. Also, there has been a decline in steel prices in countries such as China where there is a greater supply of metal.

“High Need of Transferring Chemicals”

The use of seamless pipes in the chemical sector is vital for carrying out crucial processes including the manufacture of various chemicals at precise temperatures and pressures. They are also used in the heat exchangers of chemical plants. The worldwide chemical industry is growing with rising shipments and output, which is anticipated to fuel demand for seamless pipes and tubes during he forecast period.

• Small- and medium-sized businesses in the domestic chemical sector were estimated to have 18 to 23% revenue growth in the fiscal year 2022, according to statistics from the India Brand Equity Foundation.
• Similar to this, the June 2021 Mid-Year the United States Chemical Industry forecast report predicted that in 2022, chemical volumes and shipments in the United States would increase at a growth rate of 3.2% and 8.2%, respectively. Thus, all such aspects are increasing sales of seamless pipes and tubes.

What Issues are Faced by Manufacturers in This Space?

“High Cost of Seamless Pipes & Tubes”

The high cost of seamless pipes is a significant hurdle that could impede sales growth during the forecast period. When compared to their equivalents, such as seam or welded pipes, the manufacturing procedure for seamless pipes is more difficult and time-consuming. As a result, seamless pipes are expensive to produce and purchase.

• For instance, seamless pipes display the features of being expensive, according to the December 2019 publication from the ICE Virtual Library. Thus, the high price of seamless pipes may negatively fluctuate the sales graph during the anticipated period.

Country-wise Analysis

How is the United States Oil & Gas Industry Expected to Increase the Use of Seamless Pipes & Tubes?

“Growing Productivity of New as Well as Established Oil Wells”

The United States has become one of the major oil exporters in the world as a result of technological developments in hydraulic fracturing. The country has invested large expenditures in the construction of the infrastructure for oil pipelines, which is booming demand for seamless pipes and tubes.

The drilling of new wells and the growing base of producing oil wells are anticipated to accelerate hydraulic fracturing activities across the country during the forecast period. Increasing drilling activities, the launch of new offshore projects, and the renovation of established fields are the main factors driving the need for hydraulic fracturing in the United States. The majority of the increase in gas production is anticipated to come from the Marcellus/Utica shale and new oil wells.

Seamless pipes are valued for their superior attributes, such as functioning at higher pressures and faster transportation. Thus, it is anticipated that the growth of the seamless pipes and tubes market in the United States would experience a high rise as fracturing activities intensify.

Why is Germany a Lucrative Market for Stainless Steel Pipe and Tube Producers?

“Increasing Use of Stainless Steel Seamless Tubes & Pipes in Production of Aerospace & Defense Solutions”

Major defense technology producers such as Krauss-Maffei Wegmann GmbH & Co. KG, Diehl Stiftung & Co. KG, and Rheinmetall AG, etc. are based in Germany, and they are significantly accelerating the development of defense technologies and the manufacturing rate through foreign and domestic investments, alliances, and collaborations, etc. After the United Kingdom and France, Germany is the country that spends the most on its military.

The new German government, which was elected in December 2021, declared that it will devote 3% of its GDP to foreign relations, international cooperation, and defense. The government declared its plan to raise military spending even more over the coming years in light of the Russian invasion of Ukraine.

The economy heavily depends on the aerospace and defense sectors. Stainless steel alloys are used in aircraft parts because of their strong corrosion and temperature resistance qualities, which make them suitable for various aerospace parts. These parts also need to be strong and able to support greater weight.

Hydraulic tubing used throughout the fuselage that is high-strength and lightweight is often made from steel alloys. Thus, progressing aerospace & defense sectors are generating potential opportunities in the seamless steel pipes and tubes market.

What is Driving the Sales of Seamless Pipes & Tubes in China & Japan?

“Rapid Developments in Construction Sector”

China is currently experiencing a tremendous manufacturing boom. With 20% of all global construction investments, the country has the largest construction market in the world. Installing, maintaining, and repairing structures and other stationary buildings, as well as establishing the roads and other infrastructure needed for their operation, all fall under the category of construction.

Japan has some of the best metropolitan infrastructure in the world. Japan's approach to infrastructure development was in reaction to several phases, each of which emphasized the importance of achieving a balance between sustainability and economic growth.

The Japanese government commissioned the building of a new nuclear power facility in August 2022. Significantly, the creation of the new nuclear plant will assist the country in lowering its dependency on energy imports amid the global energy shortage. Seamless steel pipes are widely used in the construction sector. Also, rapid industrialization and infrastructural development in the Asia Pacific region are boosting sales growth.

Category-wise Analysis

Why Have Seamless Pipes & Tubes Become Increasingly Popular in the Oil & Gas Sector?

“High Quality, Stability, & Ability to Prevent Erosion”

Steel seamless pipe is gaining popularity in the oil and gas industry due to its stability, ability to prevent erosion, and higher quality. Oil field boring applications and seaward equipment are increasingly using seamless pipes. Over the anticipated period, demand for seamless pipes is expected to increase due to growing interest in the development of oil and gas pipelines.

Seamless pipes are used commonly in industrial boiler applications because of their improved robustness. Leading boiler producer Nippon Steel claims that to lower overall carbon dioxide emissions and safeguard the environment internationally, seamless steel pipes with exceptional efficiency are required.

Competitive Landscape

Key players in the seamless pipes and tubes market are implementing innovative tactics to abide by strict environmental requirements, particularly in regions such as Europe and North America. The leading companies in the seamless pipes and tubes market are concentrating on creating robust alloys for better use in extremely corrosive subsea and offshore environments.

• At Vyksa, Russia, OMK Steel announced in April 2019 that it would be constructing a seamless pipe factory. The mill, which was designed to produce 500,000 tonnes of seamless pipe annually, assisted the business in increasing its capability to produce seamless pipe.

Vast infrastructure projects in war-torn Ukraine and earthquake-stricken Turkey will present considerable prospects for major corporations in the Europe seamless steel pipes and tubes market.

• A 7.8-magnitude earthquake that struck Turkey and Syria on February 6, 2023, killed numerous individuals and badly damaged infrastructure in towns and cities on both sides of the fault line. A massive construction program to reconstruct towns with security and long-term viability was declared by the president of Turkey. According to analysts, the post-quake urban renewal in Turkey would create enormous possibilities for the building and allied industries, requiring an expenditure of more than US$ 250 billion.
• The conflict between Russia and Ukraine has been going on for more than a year. As a result, Ukraine's infrastructure has suffered significant damage. The cost of Ukraine's rehabilitation and recovery was estimated by the Ukrainian government, the European Commission, the World Bank, and its partners to be around US$ 350 billion in September 2022. The price is expected to rise as the war goes on.

Key Segments of Seamless Pipes and Tubes Industry Research

• By Type :

  • Hot Finished
  • Cold Finished

• By Material :

  • Steel & Alloys
  • Copper & Alloys
  • Aluminum & Magnesium Alloys
  • Nickel & Alloys

• By Production Process :

  • Cross-roll Piercing and Pilger Rolling
  • Multi-strand Plug Mill
  • Continuous Mandrel Rolling

• By End-use Industry :

  • Oil & Gas
  • Infrastructure & Construction
  • Power Generation
  • Automotive
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA