Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Seamless Pipes Market Set for Robust Growth: Global Insights and Future Outlook| MarketsandMarkets™

Seamless Pipes Market Set for Robust Growth: Global Insights and Future Outlook| MarketsandMarkets™
Browse 107 Market Data Tables and 53 Figures spread through 169 Pages and in-depth TOC on "Seamless Pipes Market"
The seamless pipes market is experiencing robust growth globally, with regions such as Asia Pacific and North America leading the way. Increasing demand from industries like oil and gas, construction, and automotive, coupled with infrastructure development projects, is driving market expansion.

The seamless pipes market was estimated to be USD 183.79 billion in 2017 and is projected to reach USD 237.11 billion by 2022, at a CAGR of 5.2% during the forecast period from 2017 to 2022. The demand for seamless pipes is mainly driven by the growing demand from various end-use industries. Welded pipes are being rapidly replaced by seamless pipes, as they provide better strength as compared to welded pipes. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107715353 

 

Steel is one of the most preferred materials used for the manufacturing of seamless pipes, owing to its superior physical properties. Based on material, the steel & alloys segment is estimated to be the largest segment of the seamless pipes market in 2017. The growing use of seamless steel pipes in the oil & gas, infrastructure & construction, and automotive industries is anticipated to boost the growth of the segment in the coming years across different regions. 

Based on end-use industry, the oil & gas segment is estimated to be the largest segment of the market in 2017. The infrastructure & construction end-use industry segment of the seamless pipes market is projected to witness the highest growth during the forecast period. Seamless pipes are majorly used in the transport of oil and gas in the oil & gas industry and critical chemicals in chemical manufacturing plants. The pipes are also used in various drilling activities and for the manufacturing of different automobile components. Seamless pipes are used in structural tubing applications, power plant projects, and boilers. The demand for large diameter seamless pipes in infrastructure projects is expected to witness significant growth in Asia Pacific. The initiation of the Myanmar-China oil & gas pipeline project is expected to fuel the growth of the seamless pipes market in the region. This is a 770-kilometer pipeline project and is expected to carry around 260,000-barrels-per-day (bpd) of oil products. The execution of this project will lead to significant growth in demand for large diameter seamless pipes.   

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=107715353 

Asia Pacific, North America, and Europe are the major regional markets for seamless pipes. The increasing demand for seamless pipes from the infrastructure & construction sector in Asia Pacific and North America region is expected to drive the seamless pipes market in these regions. Seamless pipes are used in water supply, sewage transport, and so on. Apart from the infrastructure & construction segment, the consumption of seamless pipes in the automotive end-use industry is also expected to be significant in North America. Seamless pipes are widely used in the automotive industry in applications, such as chassis and suspension, steering system, transmission system, power train components, and so on. Russia is expected to be a major market for seamless pipes in Europe. Some of the important oil & gas pipeline projects are being executed in Russia, which is expected to fuel the demand for seamless pipes in the country.

Asia Pacific is estimated to account for the largest share of the seamless pipes market in 2017, and the seamless pipes market in Asia Pacific is expected to witness the highest growth during the forecast period. Growing investments in infrastructural development and construction projects is a key factor expected to drive the growth of the seamless pipes market in the region. Some of the leading manufacturers of seamless pipes are based in Asia Pacific and are expanding their presence and supply chain to cater to the rising demand from the infrastructure & construction end-use industry in the region.

Request Customization: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=107715353  

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/seamless-pipe-market-107715353.html


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.