Skip to main content

Large diameter steel pipes: global market trajectory and analytics

Published by
World Pipelines,


The global market for large diameter steel pipes estimated at US$11.7 billion in the year 2020, is projected to reach a revised size of US$13.6 billion by 2026, growing at a CAGR of 2.6% over the analysis period. LSAW Pipes, one of the segments analysed in the report, is projected to record 2.4% CAGR and reach US$7.6 billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the SSAW pipes segment is readjusted to a revised 2.9% CAGR for the next 7-year period. LSAW pipes find application in offshore and onshore oil and gas pipelines which demand high performance as well as resilience to external factors. SSAW pipes entail the use of relatively lighter equipment compared to LSAW pipes, which also contributes to significantly lower capital investments in construction and operating of the pipe mill. Although the immediate outlook for the oil and gas industry remains largely negative on the back of the COVID-19 crisis thus impacting growth in the LSAW and SSAW pipes market, long-term forecasts remain favourable on anticipated increase in oil and gas consumption from second half of 2021 onwards amid likely resurgence in energy demand.

The US market is estimated at US$1.9 billion in 2021, while China is forecast to reach US$5 billion by 2026.

Select competitors (total 69 featured):

ArcelorMittal SA

Borusan Mannesmann Boru Sanayi ve Ticaret A.S.

ChelPipe Group

EEW-Bergrohr GmbH

EUROPIPE GmbH

EVRAZ North America

Jindal SAW Ltd.

National Pipe Company Ltd.

Nippon Steel Corporation

PAO Severstal

PAO TMK

Sutor

Tenaris S.A.

United Metallurgical Company (AO OMK

United States Steel Corporation

Welspun Corp. Ltd.

Key topics covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Read the article online at: https://www.worldpipelines.com/business-news/28022022/large-diameter-steel-pipes-global-market-trajectory-and-analytics/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US pipeline news Europe pipeline news Trends and analysis