SAN FRANCISCO, May 31, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Electric Resistance Welded (ERW) Pipes and Tubes – Global Market Trajectory & Analytics”. SAN FRANCISCO, May 31, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Electric Resistance Welded (ERW) Pipes and Tubes – Global Market Trajectory & Analytics”. SAN FRANCISCO, May 31, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc. (GIA), a leading research company, today released a report titled “Resistance Welded Pipes and Pipes (ERW) – Global Market Trajectory and Analytics”. SAN FRANCISCO, May 31, 2022 /PRNewswire/ — Global Industry Analysts, Inc. (GIA), a leading research firm, today released a new market research report titled “Resistance Welded Pipes (ERW) – Global Market Trajectories and Analysis”. . The report offers a fresh look at the opportunities and challenges in a market that has undergone significant transformation since the COVID-19 pandemic. Facts at a Glance What’s New in 2022?
Version: 21, Issue date: May 2022 Number of executives: 1784 Companies: 139 – Members include Al Jazeera Steel Products SAOG, APL Apollo Pipes Limited (APL), Arabian Pipelines, ArcelorMita Choo Bee Metal Industries Ltd., EVRAZ North America, JFE Steel Corporation, Maharashtra Bessov Ltd.; Nippon Steel & Sumitomo Metal Corporation; Nippon Steel & Sumitomo Metal Corporation; Nippon Steel and Sumitomo Metal Corporation; Nippon Steel Sumitomo Metal Corporation, Pao TMK, PT Bakrie Pipe Industries, Salzgitter Mannesmann Line Pipe GmbH, Surya Roshny Ltd, Tata Steel Europe, Techint Group SpA, Ternary SA, Tenaris Corporation, US Steel, United Metals/OMK, Welspun Corporation, Wheatland Tube Company and Others.Coverage: All major geographies and key segmentsSegments: Segment (Mechanical Steel Tubing, Line Pipes, Structural Steel Pipes & Tubing, Standard Pipes, Oil Country Tubular Goods, Pressure Tubing)Geographies: World; Wheatland Tube Company and Others.Coverage: All major geographies and key segmentsSegments: Segment (Mechanical Steel Tubing, Line Pipes, Structural Steel Pipes & Tubing, Standard Pipes, Oil Country Tubular Goods, Pressure Tubing)Geographies: World; Wheatland Tube Company and others. Coverage: all major geographic regions and key segments. Segments: segment (mechanical steel pipes, line pipes, structural steel pipes and tubes, standard pipes, oil country pipe products, pressure pipes). Geography: world; Wheatland Tube, etc. Coverage: all major regions and key market segments Market segments: segments (mechanical steel pipes, line pipes, structural steel pipes and tubing, standard pipes, oil pipelines, pressure pipes) Geography: World, USA, Canada, Japan, China, Europe, France, Germany, Italy, UK, Spain, Russia, Rest of Europe, Asia-Pacific, India, Korea, Rest of Asia-Pacific, Latin America, Rest of the world.
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Amid the COVID-19 crisis, the global resistance welded pipe and pipe (ERW) market is estimated at 67.5 Mt in 2022 and is expected to reach a revised size of 84.8 Mt by 2026, growing by an average of 5.3% per year. analysis period. The steel mechanical pipe segment, one of the segments analyzed in the report, is expected to have a CAGR of 5%, while the growth rate of the line pipe segment has been revised to a revised CAGR of 5.6%. Global demand for steel pipes and tubes, including Electric Resistance Welded (ERW) pipes closely mirrors the trends in the oil & gas and construction industries, and is also influenced by the pace of infrastructure development projects. Global demand for steel pipes and tubes, including Electric Resistance Welded (ERW) pipes closely mirrors the trends in the oil & gas and construction industries, and is also influenced by the pace of infrastructure development projects. The global demand for steel pipes and pipes, including resistance welded pipes (ERW), accurately reflects trends in the oil and gas and construction industries, and also depends on the pace of infrastructure development projects. The global demand for steel pipes and pipes, including resistance welded pipes (ERW), accurately reflects trends in the oil and gas and construction industries, and also depends on the pace of infrastructure development projects. Given that trends in various end-use markets are highly dependent on current economic conditions, demand for steel pipes and tubes, including ERW steel pipes, is also under significant influence. Traditionally, ERW pipes are mainly used for oil and gas pipelines and water/sewage transportation. However, due to the increased bearing capacity, ERW pipes are now being used in industries such as infrastructure, prefabricated structures, solar power plants, power plants and furniture. While the oil & gas industry is the main demand determinant for the ERW pipes market, tubes intended for mechanical engineering and manufacturing sectors are directly linked to the health of the economy. While the oil & gas industry is the main demand determinant for the ERW pipes market, tubes intended for mechanical engineering and manufacturing sectors are directly linked to the health of the economy. While the oil and gas industry is the main driver of demand in the ERW pipe market, pipes destined for the engineering and manufacturing industries are directly linked to the health of the economy. While the oil and gas industry is the main driver of ERW pipeline market demand, pipelines used in engineering and manufacturing are directly related to economic health. Manufacturers supplying pipes for infrastructure projects tend to cycle late. In particular, pipe manufacturers for the network transport market can benefit from long-term measures to secure water and energy supplies.
Market reports say that market demand will rebound in 2021 thanks to an improvement in the global economy and a recovery in key markets such as construction, oil and gas and automotive. Under favorable conditions, demand for industrial pipelines and OCTG pipes has increased in most countries. However, the industry is facing challenges due to supply chain disruptions and rising raw material prices. In 2021, mass vaccination will play a key role in minimizing the risks of a new wave and safely restoring global population flows. As the global economy recovers and restrictions on business, air and land travel are lifted, demand for oil has grown, especially in the US, China and even Europe. Higher oil prices led to an increase in orders in the energy sector. Post pandemic growth in the ERW line pipes is expected to increase driven by the plans of major oil & gas, fertilizer and power companies to establish cross-country line pipes. Post pandemic growth in the ERW line pipes is expected to increase driven by the plans of major oil & gas, fertilizer and power companies to establish cross-country line pipes. The post-pandemic growth of ERW linear pipelines is expected to increase due to the plans of major oil and gas, mineral and energy companies to lay pipelines for rough terrain. The post-pandemic growth of ERW pipelines is expected to pick up as major oil and gas, fertilizer and power companies plan to build multinational pipelines. A recovery in oil and gas prices and recovery in drilling budgets is expected to drive growth opportunities for OCTG and pipelines worldwide. Given the depth of drilling and more corrosive environments, manufacturers are focusing on developing pipes with high collapse resistance and higher strength to meet increasingly complex requirements. The ERW pipe market is also expected to benefit from the growing demand for structural steel products in emerging markets. Rising investment in industries such as power generation and automotive, as well as increased public investment in infrastructure projects such as water and sewer systems, bodes well for the ERW pipeline market. However, ERW pipes are facing increasing competition from plastic pipes in traditional applications such as irrigation, agriculture and plumbing. However, ERW steel pipes are designed for emerging industries such as urban infrastructure, construction, metro, pipeline gas distribution, fire safety, shopping malls, airports and commercial passenger vehicles. In these markets, tubes and pipes are used in applications such as fencing, electrical cables, fire safety, scaffolding, and bus body parts.
Rising pipeline and operating pressures, as well as deeper offshore drilling, are expected to drive demand for high-strength ERW pipelines to deliver oil, water and gas more efficiently.
Because increasing pipe strength can reduce pipe wall thickness and weight, manufacturers are constantly exploring ways to improve the strength and performance of pipeline steel. Asia Pacific is the largest regional market for ERW pipes. Growth in the US market is primarily attributed to the recovery in E&P spending amid the nation’s exceptional emphasis on tapping the huge reserves of shale plays to meet the escalating demand for energy and to achieve energy security. Growth in the US market is primarily attributed to the recovery in E&P spending amid the nation’s exceptional emphasis on tapping the huge reserves of shale plays to meet the escalating demand for energy and to achieve energy security. The growth in the US market is primarily due to a recovery in exploration and production spending amid the country’s exclusive focus on using huge reserves of shale deposits to meet growing energy demand and ensure energy security. The growth in the US market is largely driven by a recovery in exploration and production spending as the country focuses on developing huge shale reserves to meet growing energy demand and ensure energy security. In the Asia-Pacific region, the market is expected to benefit primarily from growing industrialization in the region, followed by rapid growth in infrastructure. This is mainly due to strong economic growth in various countries in these regions and increased activity in end-use sectors such as oil, electricity and refineries. In addition, demand is expected to come from the auto, appliance, motorcycle and construction markets, driven primarily by rising personal incomes. China is one of the key regional markets and gas consumption through pipelines is expected to increase due to the growth of domestic demand. On the other hand, the public and private sectors of India are increasing investment in the development of pipeline infrastructure for domestic gas supply, water supply and irrigation. In North America, industries such as construction, oil and gas offer significant opportunities for steel pipe manufacturers. Products such as oil well tubing (OCTG) and structural tubing in particular have great potential due to the expansion of offshore drilling and exploration activities and the addition and repair of existing water in the long term.
The Russian invasion of Ukraine and the sanctions imposed on Russian operations have led to inflationary pressures and high commodity prices. Oil and gas prices rose in early 2022 and are expected to rise further as European countries look for alternative sources of Russian oil and gas exports. In addition, current levels of oil and gas production do not match global demand as reserves are still low. Demand for OCTG pipelines will increase in 2021 as global drilling activity grows, primarily in North America. Offshore drilling activity has increased, led by Latin America. In addition, there are a growing number of pipeline projects in the Middle East, China, and the Mediterranean and Black Seas. The high flow rate of the OCTG pipeline has also led to an increase in consumption. The industry is expected to benefit from lower market inventory levels as demand remains strong in most markets. Backed by inflated oil prices, growing global capital expenditure on oil & gas bodes well for growth in the market. Backed by inflated oil prices, growing global capital expenditure on oil & gas bodes well for growth in the market. Against the backdrop of inflated oil prices, rising global oil and gas capital expenditures bodes well for market growth. Rising global oil and gas capital spending, supported by higher oil prices, bodes well for the market. North America, followed by Latin America, is expected to grow the fastest, while Asia is expected to lead in total capital investment, slightly ahead of the Middle East. This trend, along with the continued recovery of drilling activity, is expected to help the US shale plays post production growth. The North American market is expected to further benefit from large investments by Canadian companies. On the other hand, China could benefit from the notable efforts of major players. Sinopec will invest heavily in oil and gas drilling in line with China’s strategy to improve energy security and protect against highly volatile commodity markets. In addition, China Petroleum & Chemical Corp. In addition, China Petroleum & Chemical Corp. is expected to push capital expenditure, including sizeable allocation to drilling. Кроме того, ожидается, что China Petroleum & Chemical Corp. In addition, China Petroleum & Chemical Corp. is expected to will increase capital investments, including significant investment in drilling. Кроме того, ожидается, что China Petroleum & Chemical Corporation будет осуществлять капитальные затраты, в том числе крупные ассигнования на бурение. In addition, China Petroleum & Chemical Corporation is expected to make capital expenditures, including large drilling allocations. Companies are expected to be wary of less profitable projects due to fears of falling prices. These moves are expected to lead to further price increases due to low levels of investment. Capital expenditures are expected to continue positive growth in 2023 and reach pre-pandemic levels in 2024.
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