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Apr 11, 2019

 Trends, opportunities and forecast in industrial seamless steel pipe market to 2024 by end use industry (power generation, petrochemical, automotive, industrial processing plant, and others), process (hot finished seamless pipe and cold finished seamless pipe), diameter (small diameter pipes (up to 12 inches) and large diameter pipes (12 inches and above), pressure rating (high, medium, and low pressure) and region (North America, Europe, Asia Pacific, and the Rest of the World)

The future of the global industrial seamless steel pipe market looks promising with opportunities in the power generation, petrochemical, industrial plant processing, and automotive industries. The global industrial seamless steel pipe market is expected to reach an estimated $5.1 billion by 2024 with a CAGR of 1.7% from 2019 to 2024. The major drivers for this market are growing demand of seamless steel pipe in power generation and automotive industries due to its superior tensile strength and high corrosion & pressure resistance.

Emerging trends, which have a direct impact on the dynamics of the industrial seamless steel pipe industry, include increasing use of premium and technically advanced pipe by dopeless technology and increasing focus on pipe strength and durability with use of cold finished seamless pipes.

Industrial Seamless Steel Pipe Market

Industrial Seamless Steel Pipe Market

Industrial Seamless Steel Pipe Manufacturers

The study includes the industrial seamless steel pipe market size and forecast for the global industrial seamless steel pipe market through 2024, segmented by end use industry, process, diameter, pressure rating, and region, as follows:

Industrial Seamless Steel Pipe Market by End Use Industry [Value ($ Million) and Volume (Thousand Tons) from 2013 to 2024]:
Power Generation Petrochemical Automotive Industrial Plant Processing Others

Industrial Seamless Steel Pipe Market by Process [Value ($ Million) from 2013 to 2024]:
Hot Finished Seamless Pipes Cold Finished Seamless Pipes

Industrial Seamless Steel Pipe Market by Diameter Type [Value ($ Million) and Volume (Thousand Tons) from 2013 to 2024]:
Small Diameter Pipes Large Diameter Pipes

Industrial Seamless Steel Pipe Market by Pressure Rating [Value ($ Million) and Volume (Thousand Tons) from 2013 to 2024]:
High Pressure Pipes Medium Pressure Pipes Low Pressure Pipes

Industrial Seamless Steel Pipe Market by Region [Value ($ Million) and Volume (Thousand Tons) from 2013 to 2024]:
North America United States Canada Mexico Europe Russia Germany APAC China India Japan ROW Middle East Brazil
Some of the industrial seamless steel pipe companies profiled in this report include Vallourec, Chelpipe, TMK, Tenaris, Baosteel, JFE Steel, US Steel, and TPCO and others.

On the basis of comprehensive research, The analyst forecasts that hot finished seamless pipes will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of its low cost and high tolerance & crack resistance.

Within the global industrial seamless steel pipe market, the power generation will remain the largest end use industry over the forecast period due to growing hydro and nuclear power generation plants. The automotive segment is expected to witness the highest growth over the forecast period due to increasing vehicle production.

APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the increasing urbanization, infrastructure development, and the continuous growth of the industrial sectors in this region.

Some of the features of “Automotive Millimeter- wave Radar IC Market Report: Trends, Forecast and Competitive Analysis” include:
Market size estimates: Global industrial seamless steel pipe market size estimation in terms of value ($M) and volume (Thousand Tons) shipment.
Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use and use industry.
Segmentation analysis: Global industrial seamless steel pipe market size by end use industry, material, and diameter in terms of value and volume shipment.
Regional analysis: Global industrial seamless steel pipe market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions in the global industrial seamless steel pipe market.
Strategic analysis: This includes M&A, new product development, and competitive landscape in the global industrial seamless steel pipe market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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