According to a research survey conducted by ChemView Consulting, in 2022, the Global Seamless Steel Pipes Market was worth US$ 175.3 Bn and is expected to grow at a CAGR of 5.8% over the forecast period. The market is expected to hit US$ 275.2 Bn by 2030 end.
Major chemical, oil & fueloline, and energy vegetation internationally are who prefer seamless metallic pipes over conventional electric powered resistance welding (ERW) pipes. They beautify the lifestyles of transmission traces which might be used to switch fluids in chemical substances and associated industries and decrease the general spending on transmission traces over the amortized years.
Population boom and urbanization had been hastily increasing during the last few years, which has caused an growth in oil and fueloline intake, faster than anticipated. In addition, the want for strength in growing international locations has been pushed via way of means of key factors: fast monetary boom and technological advancement, that is similarly supplementing marketplace boom.
Growing urbanization and growing monetary boom will power the boom of the development sector, specifically in international locations which includes India and China. Governments in those international locations are increasing towns and enhancing infrastructure for higher dwelling standards, that is a high purpose for the growth in creation activities. Changing existence and trends taking region in growing international locations are main to accelerated intake of automobiles. Demand in each those industries creates a good sized upsurge in pipe intake.
Products crafted from this call for a big funding in uncooked substances and strength used withinside the manufacturing of metallic. The fee and availability of the vital strength and uncooked substances are decided via way of means of deliver and call for factors. These are concern to extrade because of price lists and different governmental legal guidelines and may have an instantaneous effect at the product`s availability and pricing.
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A list of some of the key suppliers present in the market are:
- American piping’s Inc.
- Hunan Valin Co.Ltd
- JFE Steel Corp.
- Jindal SAW Ltd
- Nippon Steel & Sumitomo Metal Corporation
- Tenaris SA
- TATA Steel
- United States Steel
- Vallourec SA
Global Seamless Steel Pipes Market 2022-2030: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
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