Global Steel Pipes and Tubes Market to Reach 86.7 Million Tons by 2015, According to a New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on the Steel Pipes and Tubes markets. The global market for steel pipes and tubes is projected to reach 86.7 million tons by the year 2015, determined by the level of economic development and industrialization. The focus of infrastructure development activities, particularly in developing countries, is likely to foster the demand for steel and other metals products.

Steel Pipes and Tubes: A Global Strategic Business Report

Steel is an essential material for strengthening existing installations and infrastructure. A wide range of steel products, such as steel pipes & tubes, beams, rods, finds use in diverse applications including nuclear, construction, petrochemical, automotive, energy, oil and natural gas, steam generation, and metal processing industries, among others. The global economic recession severely affected the worldwide steel industry’s prospects, compelling steel makers to significantly reduce their production, employment and investment plans. The dynamics in various end-use markets also affected prospects in the steel and steel products markets, particularly with reference to automotive and oil and gas industries. The impact of decline was particularly severe on developed countries such as the US and Europe, while emerging economies such as China and India witnessed slower pace of growth. Owing to the recession, steel consumption witnessed a steep decline, leading to overcapacity across several countries.

The United States and Europe collectively account for a major share of total sales in the global steel pipes and tubes market, as stated by the new market research report on Steel Pipes and Tubes. The global demand for steel pipes and tubes witnessed a sharp decline in 2009, due to the mounting stockpiles, particularly in the oil pipeline sector. Volatility in prices, and dramatic price decline in export markets also affected prospects in the steel pipes and tubes sector. The global production of steel tubes fell drastically across various product categories. Steep decline was witnessed in order intake in most industries, which significantly affected the global production of steel tubes. The decline was evident despite the fact that Chinese tube manufacturers raised production capacity by over 6-8%. Further, anti-dumping duties imposed by the US and European Union significantly affected exports of steel pipes and tubes from countries such as China and South Africa.

The global demand for seamless steel tubes declined due to the sharp fall in the orders from the energy sector, which in turn was caused by the steep decline in the prices of oil and gas. The electric resistance welded pipes represents the largest segment in the global steel pipes and tubes market. The pipes address the drilling and distribution requirements of the oil and gas sector, and are also used in thermal, petrochemical, processing and pharmaceutical industries due to their resistance to corrosion.

The United States market for steel and non-ferrous pipes has been witnessing a continuous decline since 2007, due to the fact that the demand for tubular products is closely linked to the performance of various sectors including non-residential and residential construction, agricultural spending, highway spending, natural gas exploration, and consumer goods production. Declining demand from various end-users sectors, and delay in government’s proposed infrastructure redevelopment projects, adversely affected the steel pipes and tubes market. Further, the collapse of industrial production activity, and lack of growth in commercial and residential construction sectors implied that steel, copper, and aluminum tubing markets faced adversities. The situation was further complicated due to rising inventory levels and downward slide of selling prices across distribution and end-use markets. Potential growth opportunities exist in oil country tubular goods (OCTG), structural tubes, and seamless pipes, owing to the new offshore drilling and exploration activity, additions and repairs of the existing water pipelines by most of the state municipalities and pipelines for petrochemical transmission.

Global market for steel pipes and tubes is characterized by high degree of fragmentation. Players profiled in the report include AB Sandvik Materials Technology, Arcelor-Mittal, Centravis Ltd., Corus Group, Europipe GmbH, Evraz Inc. NA, Gerdau MACSTEEL Inc., JFE Steel Corporation, Man Industries Ltd., Nippon Steel Corporation, Northwest Pipe Company, OAO TMK, Sumitomo Metal Industries Limited, Techint Group, United States Steel Corporation, and Welspun Corp Ltd.

The report titled “Steel Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the steel pipes and tubes industry, key market trends, recent strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for Steel Pipes and Tubes market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key segments and sub-segments analyzed include Electric Resistance Welded Pipes (Mechanical Steel Tubing, Structural Tubing, Structural Steel Pipes, Pressure Tubing, Standard Pipes, Oil Country Tubular Goods, Line Pipes), Seamless Pipes & Tubes, Continuous Welded Pipes & Tubes, and Gas Spiral Welded Pipes & Tubes.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Steel_Pipes_and_Tubes_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media