SAN FRANCISCO, May 31, 2022 /PRNewswire/ — A new market research report published by Global Industry Analysts, Inc. (GIA) today published a report titled “Continuously Welded Pipes – Global Market Trajectory and Analysis” ”. The report offers a fresh perspective on the opportunities and challenges in a post-COVID-19 market that is undergoing a major shift.
Version: 18; Release: May 2022 Executives: 766 Companies: 74 – Participants covered include Continental Steel & Tube Company; Garth Industries; JFE Steel Corporation; MRC Global Corporation; Nippon Steel Sumitomo Metal Corporation; Saginuo Pipeline Co., Ltd.; Taigao Co., Ltd.; Wheat Field Pipe Co., Ltd.; Zhejiang Jiuli High-tech Metal Co., Ltd., etc.Coverage: All Major Regions and Key Market Segments: Segment (Continuously Welded Tubing) Geography: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; United Kingdom; Spain; Russia; Rest of Europe; Asia Pacific; India; Korea; Rest of Asia Pacific; Latin America; Rest of World.
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Amid the COVID-19 crisis, the global continuous welded pipe and tubing market was estimated at 19.7 million tons in 2022 and is expected to reach a revised size of 23.8 million tons by 2026, growing at a CAGR of 4.5% in the analysis period.The growth of the continuous welded pipe (CW) market will be mainly driven by improvements in infrastructure spending in residential construction and projects such as airports, subways, and greenhouse structures.The industry will also benefit from the requirement to replace obsolete pipelines, especially in advanced economies in the US and Europe.As CW pipes are also used in fire sprinkler systems, stringent regulatory standards and higher industrial safety requirements along with increasing infrastructure spending are expected to drive future demand.As CW pipes face stiff competition from ERW pipes, there has been an ongoing effort to improve product quality to ensure fewer wattages and less frequent replacement.Some recent product advancements include the development of pipes with a uniform grain structure and smooth surfaces that reduce wear.Efforts also include the use of superior coating technology to prevent corrosion, extend shelf life and improve quality.The Asia-Pacific region is the world’s largest market due to rapid industrialization and investments in infrastructure development projects, which is bound to present lucrative growth opportunities for pipe manufacturers.Long-term growth is driven by improvements in infrastructure spending driven by rapid urbanization, increasing concerns about urban water security and the consequent expansion of water supply networks; healthy pace of industrialization and the resulting concerns over industrial water and wastewater management investment in pipelines.
The increasing need to upgrade the existing water infrastructure is opening up new opportunities for the growth of the market.Water infrastructure development is an area of ​​great potential given the rapid population growth, dwindling water reserves, and relatively low levels of recent investment in water infrastructure.With most plumbing systems nearing the end of their useful life, upgrading or rehabilitating existing drinking water systems requires significant investment.This is expected to boost demand for high-pressure large-diameter steel pipes.Potential also lies in the water delivery sector, which requires products such as in-plant piping systems and structural pile products.Adopting strict regulations will also require upgrading existing infrastructure.
Demand is expected to increase further due to the increasing distance between consumers and drinking water sources, resulting in the need for additional pipeline infrastructure for transmission and distribution.This trend is expected to be additionally supported by rapid urbanization in developing countries, which will continue to put pressure on urban water supplies, as strong urban concentrations trigger increased water use in specific regions and locations, far beyond what is available The capacity of the groundwater table.A key factor contributing to urbanization includes the continuous shift of opportunities from the agricultural sector to the industrial/third sector (which in turn drives rural-urban migration), as well as having superior healthcare and public infrastructure compared to rural areas.The growth of urban sprawl has resulted in a wide range of supply and demand imbalances, placing a heavy emphasis on urban water supply and reprocessing infrastructure.In fact, in developing countries, access to better drinking water supplies has only increased marginally by about 2% over the past decade due to the dramatic rise in urban population levels.The scenario is expected to boost demand for pipes used in public infrastructure applications, including sewage and stormwater drainage projects.
In developed countries, existing infrastructure is being updated and modernized, while developing countries are installing new infrastructure and related services.U.S. local water infrastructure faces an urgent need to modernize operations, address deferred maintenance, and invest in climate resilience.National water infrastructure requires a massive $743 billion investment in water and wastewater infrastructure over the next 20 years to meet existing health and environmental standards.On the other hand, revenue shortfalls attributed to COVID-19 have complicated the situation and forced various water utilities to reduce or delay investments.Some companies have suspended or delayed capital construction, while others are planning to reduce spending on repair and maintenance programs, which could create significant backlogs.
In early 2022, the U.S. Environmental Protection Agency (EPA) released a memorandum directing the implementation of $50 billion in funding in collaboration with state, territorial and tribal partners to improve the nation’s water infrastructure through a bipartisan infrastructure law​​​ .Most of these funds will flow through the Clean Water and Drinking Water State Revolving Fund.In addition to strengthening the country’s drinking water and wastewater infrastructure, this investment is also expected to create new jobs in the future.This investment in water infrastructure is an important step towards improving the country’s water system, which is currently at an unprecedented level.In the United States, approximately 14-18% of daily treated drinking water is lost through leaks, with some water systems reporting losses of more than 60%.Much of the water infrastructure in the United States was developed in the 1970s and 1980s, and capital investment from the federal government has declined steadily since then.Much of the responsibility for capital financing now lies with local and state governments.
The investment under the bipartisan infrastructure law, one of the largest ever made by the federal government, will help replace aging infrastructure to continue to provide reliable and safe service.However, water systems are also grappling with certain issues they have not experienced before, such as new challenges related to water security and requirements to prepare for climate resilience, addressing water scarcity and deploying new technologies to provide affordable effective service.The pipes used in the U.S. water network have an average age of 45 years, and some cast iron pipes are even more than a century old, often leading to leaks and breakages that result in significant water losses.The EPA expects water pipe replacement rates to increase from the current 4,000-5,000 miles/year to 16,000-20,000 miles/year by 2035, thereby supporting the continuous welded pipe market.Additionally, in recent years, several regulatory requirements have been imposed on utilities to improve water safety.These long-standing regulatory requirements are likely to drive substantial capital expenditures by utilities, which in turn further drives the demand for continuous welded pipe.In addition, the recent increase in the intensity and frequency of severe weather events such as floods and droughts necessitates an urgent need for robust emergency response plans to ensure a continuous supply of drinking water to affected populations.Investments in water conservation, water recycling, and desalination are likely to increase over the next few years, thereby propelling the growth of the coiled welded pipe market.more
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