Steel Pipes and Tubes: A Global Strategic Business Report
San Jose, California (PRWEB) October 06, 2011
Follow us on LinkedIn – Dynamics of the steel pipes and tubes industry are closely intertwined with the trends in the construction and oil and gas industries and also influenced by the pace of infrastructure development projects. As a result, economic development and industrialization are primary growth drivers for the global steel pipes and tubes market. The steel and non-ferrous pipes and tubes market witnessed a sharp decline in demand during the recession. Steel pipe industry, which is largely dependent on the spending in sectors such as natural gas exploration, non-residential and residential construction, consumer goods manufacture, highway spending and agricultural spending, witnessed downward trend due to the weakening economic conditions. The decline was evident across various sectors of the steel industry including tubular steel, stainless steel, substrate metal, and steel tubes. With the global economy on a recovery mode, the demand for steel pipes and tubes is expected to grow led by increased demand from various end-user sectors, specifically from emerging markets.
Asia-Pacific and Europe account for a lion’s share of the global demand for steel pipes and tubes, as stated by the new market research report on Steel Pipes and Tubes. Asia-Pacific and Latin America are among the fastest growing markets for steel pipes and tubes due to high economic growth and increased activity in various end user sectors including oil, power, and refineries. Robust growth in Asian countries such as India and China is driven by large population base, and the enormous investments being made into large-scale infrastructure investments. Increasing energy needs, and intensifying activity in the construction and power plant sectors are also expected to drive the development of the steel pipe industry in the region.
The increasing energy security investments of global governments particularly from developing regions are likely to generate steady demand for steel pipes. In developed countries, growth opportunities are anticipated due to the need for replacement of existing pipeline systems that are more than 25 years old. Rapidly expanding population, improving standards of living, and steady economic growth are expected to significantly enhance the demand for various forms of energy including oil and gas. While liquid fuels would continue to be used widely, natural gas is set to emerge as the fastest growing fuel source owing to its energy conserving characteristic, which in turn is likely to enhance demand for pipeline systems. The increasing demand for natural gas and oil and the enhanced investment in the production and exploration activities is driving growth in the global oil country tubular goods (OCTG) market. Rising demand for oil and energy from the emerging markets – in particular India and China, and the subsequent growth in drilling activity is expected to fuel the demand OCTG pipes. Escalating prices of oil and gas are also fuelling drilling activity, thereby enhancing the demand for OCTG pipes.
Russia is among the largest manufacturers of steel tube products in the world. The rise in pipe output is driven by the increase in capital expenditure by leading oil companies and the rising oil prices. Recovery of the pipe production activity in Russia, subsequent to the economic crisis, is attributed to the pent-up demand from the oil and gas sector. Russian manufacturers of high-quality tubular products are likely to benefit from a number of ongoing oil and gas projects in Russia, which include the Nord stream and South Stream gas pipelines, the Sakhalin-Khabarovsk-Vladivostok gas pipeline, Eastern Siberia-Pacific Ocean (ESPO) oil pipeline project, and other trunk oil and gas pipelines. The demand for Electric Resistance Welded Pipes (ERW), used for drilling and distribution operations in the oil and gas sector, in Russia is forecast to grow steadily by 2016.
Global market for steel pipes and tubes is characterized by high degree of fragmentation. Players profiled in the report include Sandvik Materials Technology, Arcelor-Mittal, Centravis Ltd., Tata Steel Europe, Europipe GmbH, Evraz Inc. NA, 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 industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections 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, and 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 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.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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