/EIN NEWS/ — DUBLIN, Sept. 23, 2022 (GLOBE NEWSWIRE) — The global seamless steel pipe market is valued at $61.6 billion by 2022, according to new analysis from market research and competitive intelligence provider Fact .MR It will develop at a high compound annual growth rate of 7% until 2032.
Seamless steel pipe systems offer many advantages over traditional welded pipes, including high pressure manufacturing, making them ideal for a wide range of applications such as pressure vessels, boilers, automotive, construction and more. Seamless steel pipes are also used in construction, such as sports stadiums and large open structures. These pipes provide stability to the roof structure and improve the design of the building.
The use of seamless steel pipe systems has increased significantly in the operations of oil & gas and chemical companies for fluid transmission. The use of seamless steel pipe systems has increased significantly in the operations of oil & gas and chemical companies for fluid transmission. The use of seamless steel pipe systems has increased significantly in oil and gas and chemical companies for fluid transmission. The use of seamless steel pipe systems in the field of fluid transportation by oil and gas and chemical companies has increased significantly. Demand for OCTG has increased as a result of increased exploration & production, development of proved shale reserves, and rising investments by oil & gas operators. Demand for OCTG has increased as a result of increased exploration & production, development of proven shale reserves, and rising investments by oil & gas operators. Demand for OCTG increased as a result of expanding exploration and production, the development of proven shale reserves and increased investment from oil and gas operators. Demand for OCTG increased due to expansion of exploration and production, development of proven shale reserves and increased investment from oil and gas operators. The production of seamless pipes requires a larger initial investment than the production of welded pipes, and the right choice of pipes can reduce risks and costs.
Oil and gas exploration and periodic maintenance in Europe are key drivers of demand growth for seamless steel pipes.
North America, especially the US, has the highest demand for seamless steel pipes due to the large number of refineries, nuclear power plants, and automotive industries in these regions.
Europe is one of the largest producers and consumers of seamless steel pipes. On-going oil & gas exploration followed by cyclical maintenance in this region is the key factor for growth in demand for seamless steel pipes. On-going oil & gas exploration followed by cyclical maintenance in this region is the key factor for growth in demand for seamless steel pipes. Ongoing oil and gas exploration followed by cyclic workover in this region is a key driver of demand growth for seamless steel pipe. Ongoing oil and gas exploration and periodic maintenance in the region are key drivers of demand growth for seamless steel pipes.
The market in Southeast Asia and Oceania is expected to grow during the forecast period due to increased activity related to the oil and gas industry and upcoming new projects in the medium term.
Market participants are focusing on new industry trends such as underground hydrogen storage pipelines to increase their market share in the emerging carbon control sector. The manufacturing industry has begun to adopt Industry 4.0 as a means of high volume production, resource management, and material handling, which were once huge challenges, especially in human-intensive steel production.
Major players are looking to develop advanced coatings with improved properties, such as CO2 corrosion protection, as well as extended service life and optimized pipeline maintenance costs. In sync with this, major partnerships & acquisitions have been observed in the market. In sync with this, major partnerships & acquisitions have been observed in the market. At the same time, the market saw major partnerships and acquisitions. In parallel, major partnerships and acquisitions entered the market. New production plants are being built and the production capacities of existing plants are being increased.
Famous manufacturers of seamless steel pipes are ArcelorMittaland, American Piping Products Inc., Benteler, Hunan Valin Co. Ltd, JFE Steel Corp., Jindal SAW Ltd, Nippon Steel & Sumitomo Metal Corporation, Tenaris SA, TATA Steel, United States Steel и Валлорек Са. Ltd, JFE Steel Corp., Jindal SAW Ltd, Nippon Steel & Sumitomo Metal Corporation, Tenaris SA, TATA Steel, United States Steel and Vallorek Sa.
Market participants are adopting new strategies to comply with stringent environmental regulations, especially in regions such as Europe and North America. Major players in the market are focusing on the development of high strength alloys to increase their use in highly corrosive environments for subsea and marine applications.
Fact.MR has provided an unbiased analysis of the global seamless steel pipe market among its new products by providing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The basis of the process (hot rolling, cold rolling), coating (3 PE coating, FBE coating, 3 PP coating), material (stainless steel, alloy steel, carbon steel, others (duplex stainless steel, etc.) )), dimensions ( < 10″, 10-15″, > 15″) and end-use industries (oil and gas, power and energy, construction, automotive, chemicals, etc.) in major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, Middle East and Africa).
Steel Pipe Coating Market: The growth rate of the steel pipe coating market slowed down significantly in 2020, with global revenue down 1.4% year on year. Steel pipe coating revenue will grow 1.6 times from 2021 to 2031 and reach nearly $12.8 billion in 2031.
Steel powder market: Powder metallurgy, additive manufacturing and relatively new technologies such as MIM and DeD will drive the steel powder market widely. The development of technology in Japan, the United States and other countries, as well as the improvement of existing technology, has constantly increased the demand for steel powder.
Rebar magnet market: Rebar magnets are used to separate metal particles from mined materials. The mining industry has recorded positive growth over the past five years due to increased demand for materials and energy. This has had a permanent impact on the demand for reinforced magnets. Steel bar magnets will grow at a faster rate over the long-term forecast period due to a projected increase in demand from the mining industry.
The market for high-performance fluoropolymers. The global market for high performance fluoropolymers is driven by the growing demand for household products, especially kitchen utensils, leading to overuse of this polymer in the paint industry.Expanding chemical applications of high performance fluoropolymers, including pump interiors, liners, gaskets, gaskets.
Expansion of the foamed polypropylene market. Increasing penetration into several end-use industries such as packaging, consumer products and furniture will drive the global expanded polypropylene (EPP) market by 1.7 times between 2019 and 2029. The rapid growth in the production of automobiles and consumer goods causes an increased demand for products made from expanded polypropylene.
Extruded Polypropylene (XPP) Market: By 2032, the global Extruded Polypropylene (XPP) market is expected to be valued at US$1.75 billion from the current US$903.8 million and grow at a CAGR of 6.9 %. Forecast period (2022-2032). The packaging end-use segment currently generates $333.9 million in revenue.
High Temperature Epoxy Market: According to the latest Fact.MR research, the high temperature epoxy market will grow steadily during 2021-2031. Demand for these epoxy resins will recover strongly in the short term and growth prospects are positive in the long term. These epoxies find application in many industries where they are used in various applications such as coatings, adhesives and demand for these epoxies is expected to grow during the forecast period of the report.
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