Need for Oil & Gas Distribution Infrastructure Drives Demand for Spiral Welded Pipes & Tubes, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 24, 2015 -- Follow us on LinkedIn – Spiral weld pipes refer to steel pipes, which feature a seam that runs along the entire length of the pipe in a spiral form. These pipes are employed in applications such as energy, oil and gas, water distribution and for structural purposes such as foundation piling for buildings and harbour construction. With the dynamics of pipes and tubes industry significantly influenced by the pace of development in the oil and gas sector, drop in oil prices and the resultant slump in exploration activity is likely to influence near term demand. However, in the mid to long term, pipeline projects of the international oil and gas companies, both proposed and under construction hold huge promise for pipe manufacturers including producers of spiral welded pipes. Another area of opportunity is the growing demand for replacement of aging pipelines, particularly in mature markets such as the United States and Europe. In developing economies, especially in the Middle East and China, new infrastructure required to support growing domestic energy requirements, and the movement of exploration activities to distant locations, will spur investments in new pipeline infrastructure.
Spiral welded pipes market is expected to witness steady growth in the coming years driven by growing demand from water transmission, sewerage and piling applications, among others. Within the SAW pipes market, longitudinal submerged arc welded (LSAW) and helically submerged arc welded (HSAW) pipes constitute the two major segments. HSAW pipes are favored over LSAW pipes as they are more versatile and have a wider product range, owing to varying diameters and greater lengths.
As stated by the new market research report on Spiral Welded Pipes and Tubes, Asia-Pacific represents the largest market worldwide. The region is also expected to emerge as fastest growing market, led by a CAGR of 7.3% over the analysis period. Demand in the region is led by growing number of pipeline projects for domestic oil and gas distribution and for water supply. Growth in the structural spiral pipes market continues to be driven by infrastructure developments, particularly road networks, new projects and upgrade of existing infrastructure facilities such as new roads, bridges, dams, irrigation canals, and highways.
Major players covered in the report include American SpiralWeld Pipe Company LLC, ArcelorMittal SA, Borusan Mannesmann Boru Sanayi ve Ticaret A.S., Europipe GmbH, EVRAZ North America, JFE Steel Corporation, Jindal SAW Ltd., Kuwait Pipe Industries and Oil Services Company, National Pipe Company Ltd., Nippon Steel & Sumitomo Metal Corporation, Noksel Çelik Boru Sanayi A.Ş, PSL Limited, Stupp Corporation, United Spiral Pipe LLC, and Welspun Corp Ltd., among others
The research report titled “Spiral Welded Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a review of market trends, company profiles, and major strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East & Africa, and Latin America.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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