San Jose, California (PRWEB) February 04, 2013
GIA announces the release of a comprehensive global report on the Seamless Pipes and Tubes markets. Global market for Seamless Pipes and Tubes is projected to reach 113.8 million tons by 2018, with demand growth mirroring the dynamics of the energy sector and gains led by the rise in rig count and increasing prices of oil and gas, particularly in North America, the Middle East and Latin America.
Global demand for steel pipes and tubes is closely intertwined with the trends in the oil and gas and construction sectors. Prevailing economic conditions, thus, play a key role in determining the pace and extent of demand for steel pipes and tubes. Though the economy began recovering on a cautious note in 2010 and early 2011, uncertainties emerging due to the Eurozone debt crisis renewed fears of recession, which along with the sluggish recovery in the US and contracting Japanese economy, led to a slowdown in economic growth across advanced economies. At present, recovery in most nations, particularly in developed countries, remains overcast amid contractionary effects of fiscal austerity policies.
Oil and gas industry generally exhibit resilience to periods of economic slump due to the fact that energy demand continues to rise even when conventional reserves of oil and gas are rapidly shrinking. Apart from the energy sector the demand for seamless pipes and tubes also emerges from automobile, power generation and fertilizers markets, among others. Demand growth for seamless steel pipes and tubes is expected from high energy-consuming countries across Middle East, Asia, Australia, and Latin America, which are intensifying oil and gas exploration activity to meet the escalating demand from respective domestic markets. In North America and Europe, increased focus on developing shale gas reserves for ensuring energy security is expected to offer opportunities for seamless pipe makers. High potential also exists for products such as oil country tubular goods (OCTG) and structural tubes, due to new offshore drilling and exploration activity, and installation of pipelines for transporting petrochemicals.
Escalating demand for energy from emerging nations and the subsequent increase in the number of crude oil and gas development projects are expected to enhance the demand for seamless pipes and tubes. In developed regions, significant demand for seamless pipes is expected from replacement of existing pipeline systems, as most of these systems were established more than three decades ago and are thus approaching the end of their useful life. Increase in offshore drilling operations and anticipated rise in refinery and chemical plant activity levels are also expected to augur well for the seamless pipes market. Seamless OCTG segment continues to benefit from the intensifying activity in the energy exploration industry, and increased emphasis on tapping shale gas. Further, increasing complexity of drilling operations, due to the fact that most of the remaining oil and gas reserves are largely found in difficult-to-reach areas or in areas that require digging to greater depths, are driving demand for seamless OCTG products.
As stated by the new market research report on Seamless Pipes and Tubes, Asia-Pacific represents the largest regional market worldwide with the energy sector accounting for significant proportion of the sales. Increased activity in various end-use sectors such as oil and gas, power, and refineries, and resurgent growth in automobile sector is expected to fuel demand for steel pipes and tubes in the region. The demand for seamless pipes and tubes in Middle East and Latin America is expected to post the fastest growth over the analysis period. In the Middle East, strong economic growth particularly in countries such as Saudi Arabia and UAE, rising oil prices and the increasing rig count are contributing to the enhanced demand for seamless pipes and tubes. In the near future, the region is expected to witness intensified demand for line pipes of smaller diameters, in view of the growth in refining operations. The US market for seamless pipes, particularly OCTG pipes, remains favorable owing to the strong rise in rig count, which has offset the decline in the gas rig count as a result of fall in gas prices.
Major players profiled in the report include ArcelorMittal SA, Boomerang Tube LLC, Bri-Chem Corporation, EVRAZ North America, ChelPipe, JFE Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Jindal SAW Ltd., OAO TMK, United Metallurgical Company /OMK, Techint Group SpA, Tenaris S.A., Tianjin Pipe (Group) Corporation, UMW Group, United States Steel Corporation, and Vallourec & Mannesmann Tubes, among others.
The research report titled “Seamless 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, mergers, acquisitions and other 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 and Rest of Asia-Pacific), Middle East, and Latin America.
For more details about this comprehensive market research report, please visit –
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 more than 1300 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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