Electric Resistance Welded Pipes and Tubes: A Global Strategic Business Report
San Jose, California (PRWEB) April 10, 2015
Follow us on LinkedIn – Welded steel pipes and tubes are high-performance products that find use in applications requiring high strength, reliability, and resistance to corrosion. Electric Resistance Welded (ERW) pipes on the other hand are strips of hot rolled steel that are transformed into rolls and later welded through the use of an electric charge. ERW pipes feature greater dimensional tolerances and are less expensive than seamless pipes, thereby helping them find use in a wide range of applications in industries such as construction, Oil & Gas, automobile, power plants, water and sewage systems among others.
A major portion of demand for ERW pipes will continue to come from the Oil & Gas sector, driven by the ambitious plans of oil & gas companies to establish cross-country line pipes. Although economic uncertainty and low oil prices have led oil companies to curtail operations and cut back on drilling budgets in recent times, demand outlook for ERW pipes continues to remain positive, given the steady rise in oil consumption and need for necessary infrastructure to support sustained production and transportation of oil. Booming shale gas exploration in the United States is also expected to boost demand for line pipes in coming years. Aging pipelines, particularly in mature markets such as the US and Europe, is expected to drive huge demand for ERW pipes. Adding traction to the demand is failure of existing or old pipes, commonly caused by corrosion over a period, particularly in oil and natural gas pipelines. Other factors driving demand for replacement include failure of welds and pipe material. Market for large diameter line pipe for instance is primarily supported by burgeoning demand for replacement and maintenance.
Resurgence in automotive manufacturing and construction will also drive demand for steel pipes and tubes used in vehicles and structural projects respectively in coming years. ERW steel pipes especially are being targeted for construction industry, where they are typically used for piped gas distribution, fire safety, fencing, cabling, scaffolding etc. These steel pipes are also finding robust demand in commercial passenger vehicles where they are typically used for bus body parts. Increasing need among auto manufacturers to incorporate parts with improved corrosion resistance, strength, and reliability are driving demand for steel tubes in the automotive industry. The need for developing water and sewage infrastructure, in the wake of rising population, and rebounding construction activity are spurring demand for a range of ERW pipes and tubes.
As stated by the new market research report on Electric Resistance Welded Pipes, Asia-Pacific represents the largest and the fastest growing regional market worldwide. Despite the structural slowdown, the cyclical outlook for emerging countries in Asia-Pacific is improving. Economic growth for the year 2015 and beyond in emerging Asian countries is forecast to be fairly optimistic, despite the controlled slowdown in China’s economic growth. With the demand for oil and gas in countries such as China and India surging at a significant pace, the region is likely to witness rapid growth in both onshore and offshore oil and gas exploration and production activities. The growth in the structural ERW pipes market in Asia continues to be driven by the steady progress in the construction industry pushed by growing needs of expanding population and increasing investments from private sector.
Major players covered in the report include Al Jazeera Steel Products Company SAOG, Arabian Pipes Company, ArcelorMittal SA, ChelPipe, EVRAZ North America, JFE Steel Corporation, Maharashtra Seamless Limited, Nippon Steel & Sumitomo Metal Corporation, Northwest Pipe Company, OAO TMK, TMK IPSCO, PT Bakrie Pipe Industries, Salzgitter Mannesmann Line Pipe GmbH, Tata Steel Europe, Techint Group SpA, United States Steel Corporation, United Metallurgical Company /OMK, Welspun Corp Ltd., and Wheatland Tube Company, among others
The research report titled “Electric Resistance Welded Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America. The report is analyzed by applications namely Mechanical Steel Tubing, Structural Steel Pipes & Tubing, Pressure Tubing, Standard Pipes, Oil Country Tubular Goods, and Line Pipes.
For more details about this comprehensive market research report, please click here
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