The seamless pipes market size has grown steadily in recent years. It will grow from $242.3 billion in 2024 to $251.62 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets and increasing government initiatives to support steel and steel products, including seamless pipes.
The seamless pipes market size is expected to see strong growth in the next few years. It will grow to $310.52 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the growing oil and gas industry, installation of new transmission pipelines, expanding chemical industry and rapid industrialization and growth in manufacturing industries. Major trends in the forecast period include focus on investments in low-emission furnaces, focus on developing new technological solutions, focus on research and development (R&D) facility expansion, focus on mergers and acquisitions and focus on developing new, innovative products.
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How have varous drivers impacted the growth of the seamless pipes market?
The installation of new transmission pipelines is expected to propel the growth of the seamless pipes market going forward. Transmission pipelines refer to large-diameter steel pipes, used to transport crude oil from their respective gathering systems to refining, processing, or storage facilities. Transmission pipelines help the seamless pipes market grow by operating at high pressure and temperature to move natural gas from compressor stations and storage facilities to regulators. For instance, in November 2022, according to the US Energy Information Administration (EIA) (a US-based principal agency responsible for collecting, analyzing, and disseminating energy information), new transmission pipelines with approximately 3 million miles of mainline were built, and additional pipelines are being built to connect natural gas production areas and storage facilities with consumers.
What are the primary segments of the seamless pipes market?
The seamless pipes market covered in this report is segmented –
1) By Type: Hot Finished Seamless Pipes, Cold Drawn Seamless Pipes
2) By Materials: Steel And Alloys, Copper And Alloys, Nickel And Alloys, Magnesium Alloys, Other Materials
3) By Production Process: Continuous Mandrel Rolling, Mannesmann Plug Mill Process, Cross-Roll Piercing, Pilger Rolling
4) By Application: Oil And Gas, Building And Construction, Power Generation, Automotive, Aviation, Other Applications
Subsegments:
1) By Hot Finished Seamless Pipes: Carbon Steel Hot Finished Pipes, Alloy Steel Hot Finished Pipes, Stainless Steel Hot Finished Pipes
2) By Cold Drawn Seamless Pipes: Carbon Steel Cold Drawn Pipes, Alloy Steel Cold Drawn Pipes, Stainless Steel Cold Drawn Pipes, Other Materials
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Which firms are leading the seamless pipes market?
Major companies operating in the seamless pipes market include Nippon Steel Corporation, Vallourec SA, Tenaris SA, ArcelorMittal, JFE Holdings, Inc, Sumitomo Corporation, Salzgitter AG, United States Steel Corporation, TATA Steel, Maharashtra Seamless Ltd, Hunan Standard Steel Co., Ltd, Ansteel Group Co., Ltd, Baosteel Trading Co., Ltd, Wuhan Heavy Industry Casting & Forging Co., Ltd, Jiangsu Wujin Stainless Steel Pipe Group Co., Ltd, Jindal Saw Ltd, Sandvik AB, IPP Europe Ltd., Tubos Reunidos S., TMK Group., Zekelman Industries Inc., Zamzam Steel, Santok Steel Corporation, ArcoSteel, AK Steel Holding
How will industry trends affect the trajectory of the seamless pipes market?
Major companies operating in the seamless pipe market are focused on product innovations and developing new technologies, such as low-carbon emissions technologies, to enhance sustainability, reduce environmental impact, and meet evolving regulatory standards. Low-carbon emissions refer to the release of greenhouse gases, particularly carbon dioxide, into the atmosphere at significantly reduced levels, typically achieved through cleaner technologies and renewable energy sources. For instance, in July 2023, ArcelorMittal S.A., a Luxembourg-based multinational steel manufacturing company, launched the first carbon-mission steel tubes. The tubes are made from XCarb® recycled and renewably produced steel, which is manufactured using an Electric Arc Furnace (EAF) that utilizes high levels of scrap and 100% renewable electricity. This process significantly lowers the carbon footprint compared to traditional steelmaking methods.
Which geographic trends are shaping the seamless pipes market, and which region has the highest market share?
The countries covered in the seamless pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Seamless Pipes Market Report 2025 Offer?
The seamless pipes market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Seamless pipes refer to solid steel pipes, which are in sheet or bar form and are formed into a solid round shape and then heated and cast over a form such as a piercing rod to create a hollow tube or shell. These are lightweight pipes with benefits such as high-temperature resistance, fatigue resistance, and good impact resistance and are used for applications such as transportation of water or oil, and heavy wall tubing applications that can withstand high pressure or perform in extreme environments.
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