Global Cold Drawn Seamless Steel Pipes Market

Global Cold Drawn Seamless Steel Pipes Market Size, Share, Growth Analysis, By Product(Carbon Steel, Alloy Steel), By Production Process(Cross Roll Piercing & Pilger Rolling, Continuous Mandrel Rolling), By End-Use(Oil & Gas, Automotive), By Application(Precision Instrumentation, Boiler Tubes) - Industry Forecast 2023-2030


Report ID: SQMIG20C2078 | Region: Global | Published Date: February, 2024 | Pages: 281 | Tables: 127 | Figures: 77

Global Cold Drawn Seamless Steel Pipes Market Insights

Cold Drawn Seamless Steel Pipes Market size was valued at USD 72451.7 million in 2021 and is poised to grow from USD 75859.22 million in 2022 to USD 110824.81 million by 2030, growing at a CAGR of 4.83% in the forecast period (2023-2030).

Continuously growing demand from oil & gas sector for seamless pipes along coupled with the rising number of new oilfield discoveries and rise in offshore spending are key factors anticipated to drive the growth of the Global cold drawn seamless steel pipes market over the forecast period. In addition, aging pipe infrastructure requires the replacement and changing in existing pipelines because aged pipeline has more chances to leak and corrosion, therefore several large service providers and operators of the market are heavily investing in pipeline replacement and innovation, which is likely to propel growth of the Cold Drawn Seamless Steel Pipes Market at a significant growth rate over the coming years.

For instance, in February 2022, China announced their plan to renovate 20,000 kilometers of its aging gas pipelines after blasts in Chongqing, in Southwestern China, in the same month. These types of developments are projected to boost the growth of the global Cold Drawn Seamless Steel Pipes Market over the forecast period.

Moreover, wide range of features and benefits provided by steel pipes like corrosion resistance and metallurgical strength are ideal for various sectors including pharmaceuticals, gas, chemicals, and heat exchangers, which is likely to be other key fueling the adoption and growth of the global cold drawn seamless steel pipes market over the forecast period.

US Cold Drawn Seamless Steel Pipes Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 72451.7 million

Largest Segment

Oil & Gas

Fastest Growth

Automotive

Growth Rate

4.83% CAGR

Global Cold Drawn Seamless Steel Pipes Market, 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Cold Drawn Seamless Steel Pipes Market Size By End-Use, 2022-2028 ($ Bn)
Global Cold Drawn Seamless Steel Pipes Market Size By End-Use, 2022-2028 (%)

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Global Cold Drawn Seamless Steel Pipes Market Segmental Analysis

Global cold drawn seamless steel pipes market is segmented on the basis of product, production process, end-use, application, and region. By product, the Cold Drawn Seamless Steel Pipes Market is segmented into carbon steel, alloy steel, stainless steel, and others. By production process, the Cold Drawn Seamless Steel Pipes Market is categorized into cross roll piercing & Pilger rolling, continuous mandrel, and multi stand plug mill. By end-use, the Cold Drawn Seamless Steel Pipes Market is classified into oil & gas, automotive, power generation, and others. Based on application, the Cold Drawn Seamless Steel Pipes Market is segmented into Precision Instrumentation, Boiler Tubes, Heat Exchanger Tubes, Hydraulic Applications, Fluid Transfer Lines, Rifled Tubes, Bearing Pipes, Mining Applications, Automotive Applications, and General Engineering Applications. By region, the Cold Drawn Seamless Steel Pipes Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Cold Drawn Seamless Steel Pipes Market Analysis by Production Process

By production process, the cross-roll piercing & pilger rolling segment held the largest market largest market share in 2021. Rising need for high quality surface finish coupled with the maximum productivity of products and several advantages of this process such as uniform macro and microstructure in cross-cut section of forged part are major factors driving the segment growth.

However, the continuous mandrel rolling segment is likely to grow fastest throughout the forecast period, that is simply attributed to the growing need for reducing the outside diameter and thickness of wall during the production process and the high demand for hydraulically positioned rolls to get high and improved output are key factors likely to drive the growth of the segment market in the coming years.

Cold Drawn Seamless Steel Pipes Market Analysis by End-Use

By end-use, the oil & gas sector accounted for the highest market share in 2021 and is likely to retain its position over the forecast period. Growing number of government initiatives and investments for several type of upstream operations including onshore and offshore drilling, midstream operations, and various general plumbing applications in the oil & gas industry are major factors influencing the growth and demand for segment market at a strong growth rate.

Furthermore, the automotive segment is anticipated to witness fastest growth rate over the forecast period due to the increasing penetration of seamless steel pipes in several automotive applications. The chassis and support frame of the electric vehicles are made from seamless steel pipes, because it has high pressure resistance, high hardness, and corrosion & wear resistance, which can ensure the stability and balance of electric vehicles. Thus, these types of benefits associated with seamless steel pipes are attracting electric vehicles manufacturers to opt for seamless steel pipes and is projected to fuel the adoption among large automotive manufacturers across the world.

Global Cold Drawn Seamless Steel Pipes Market By End-Use, 2021 (%), 2021 (%)

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Global Cold Drawn Seamless Steel Pipes Market Regional Insights

Globally, Asia Pacific dominated the cold drawn seamless steel pipes market and is expected to maintain its dominance throughout the forecast period. Rapid growth in industrialization and extensive rise in the transportation sectors coupled with the growing oil & gas industry are key factors projected to drive the growth of the regional market. Moreover, a tremendous rise in the construction projects mainly in developing countries including India and China are likely to boost the demand for seamless steel pipes in the region.

The North America market is witnessing growth at fastest CAGR during the forecast period owing to high usage of these pipes in automotive sector applications like automobile exhausts systems, cylinder blocks, liquid storage cylinders, and high-strength fasteners. In addition, high technological advancements and presence of many large market players such as American Piping Products Inc., U.S. Steel Tabular Products Inc., and Chicago Tube and Iron Company are likely to have a positive impact on the demand and growth of the regional market over the coming years. For instance, American Piping Products Inc., announced the expansion of its North Houston Rosslyn steel pipe yard and processing center. The new expansion will add approximately 10 acres to the existing facility.

Global Cold Drawn Seamless Steel Pipes Market By Geography, 2022-2028, 2023-2030
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Global Cold Drawn Seamless Steel Pipes Market Dynamics

Cold Drawn Seamless Steel Pipes Market Drivers

Growing popularity of Seamless Steel Pipes in Oil and Gas Sector

  • Rising popularity of seamless steel pipes in oil & gas sector across the nation is key factor expected to drive the growth of the Global cold drawn seamless steel pipes market during the forecast period. Rising production of crude oil across various regions such as United States, Germany, France, China, and India and growing adoption of these type of pipes is fostering the demand for seamless steel pipes. For instance, according to the U.S. Energy Information Administration, in March 2022, 11.7 million barrels/day crude oil was manufactured in the United States. And, United States was the leading producer of oil globally.

Cold Drawn Seamless Steel Pipes Market Restraint

High Cost to Hamper Market Growth

  • Volatility in the prices of raw materials included in the manufacturing processes of seamless steel pipes like alloy structural sheet and carbon structural sheet is likely to be the major restraining factor for the global cold drawn seamless steel pipes market during the forecast period. Furthermore, lack of advanced manufacturing techniques in several low-medium sized economies around the globe is also hampering the expansion and growth of the global market.

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Global Cold Drawn Seamless Steel Pipes Market Competitive Landscape

Global cold drawn seamless steel pipes market is highly fragmented in nature with the existence of many well-known international and regional market players operating around the globe. Key companies of the market are increasing their investment in research & development activities and introduction to new and innovated product launches to cater to the growing consumer demand and expand their market reach to stay ahead of its competitors.

Cold Drawn Seamless Steel Pipes Market Top Player’s Company Profiles

  • ArcelorMittal North America Holdings
  • Nippon Steel & Sumitomo Metal Corporation
  • Tenaris S.A.
  • Vallourec SA
  • JFE Steel Corporation
  • Tata Steel Limited
  • Wheatland Tube Company
  • United States Steel Corporation
  • Sandvik AB
  • Salzgitter AG
  • PTC Alliance Holdings Corp.
  • Mannesmann Stainless Tubes GmbH
  • Zhejiang JIULI Hi-Tech Metals Co., Ltd.
  • Penn Stainless Products, Inc.
  • Marcegaglia SPA
  • Aperam S.A.
  • KME Germany GmbH & Co KG
  • Schoeller Bleckmann AG
  • Pooiasteel Industrial Group
  • Sanyo Special Steel Co., Ltd.

Cold Drawn Seamless Steel Pipes Market Recent Developments

  • In July 2022, ArcelorMittal North America Holdings, announced about their new agreement signed to acquire CSP with an enterprise value of USD 2.2 billion. This acquisition is likely to bring various types of strategic benefits to ArcelorMittal such as expanding of company’s position and adding around 3 million tonnes of high-quality and slab capacity.
  • In May 2021, JFE Steel Corporation, announced that the company has signed an agreement of memorandum of Understanding for conducting a feasibility study with JSW Steel Limited, which is strategic alliance partner for establishing a grain oriented electrical steel sheet manufacturing and sales joint-venture in India.

Global Cold Drawn Seamless Steel Pipes Key Market Trends

Numerous Properties of Seamless Steel Pipes to Benefit Market

  • Increasing adoption of seamless steel pipes across various applications due to is several beneficial characteristics like high strength, longer durability, and corrosion resistance coupled with the growing technological advancements in manufacturing processes are creating lucrative growth opportunities for the market growth. In the last few years, many new and innovated products have been introduced by several large global market players as per growing consumer demand and needs is also fueling the market growth.

Global Cold Drawn Seamless Steel Pipes Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global cold drawn seamless steel pipes market is witnessing a significant growth over the forecast period owing to the growing adoption of steel pipes in several end-use industries along with the increasing focus of several large market players and government bodies to renovate the existing pipelines. Moreover, improved product efficiency, larger movements of section modulus are likely to propel the demand of the market over the coming years. However, concerns associated with these seamless steel pipes like internal folding, crushing, separation, and scarring are anticipated to hinder the global market growth in the coming years.

Report Metric Details
Market size value in 2021 USD 72451.7 million
Market size value in 2030 USD 110824.81 million
Growth Rate 4.83%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Carbon Steel, Alloy Steel, Stainless Steel, others
  • Production Process
    • Cross Roll Piercing & Pilger Rolling, Continuous Mandrel Rolling, Multi St, Plug Mill
  • End-Use
    • Oil & Gas, Automotive, Power Generation, others
  • Application
    • Precision Instrumentation, Boiler Tubes, Heat Exchanger Tubes, Hydraulic Applications, Fluid Transfer Lines, Rifled Tubes, Bearing Pipes, Mining Applications, Automotive Applications, General Engineering Applications
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ArcelorMittal North America Holdings
  • Nippon Steel & Sumitomo Metal Corporation
  • Tenaris S.A.
  • Vallourec SA
  • JFE Steel Corporation
  • Tata Steel Limited
  • Wheatland Tube Company
  • United States Steel Corporation
  • Sandvik AB
  • Salzgitter AG
  • PTC Alliance Holdings Corp.
  • Mannesmann Stainless Tubes GmbH
  • Zhejiang JIULI Hi-Tech Metals Co., Ltd.
  • Penn Stainless Products, Inc.
  • Marcegaglia SPA
  • Aperam S.A.
  • KME Germany GmbH & Co KG
  • Schoeller Bleckmann AG
  • Pooiasteel Industrial Group
  • Sanyo Special Steel Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Cold Drawn Seamless Steel Pipes Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Cold Drawn Seamless Steel Pipes Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Cold Drawn Seamless Steel Pipes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cold Drawn Seamless Steel Pipes Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cold Drawn Seamless Steel Pipes Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Cold Drawn Seamless Steel Pipes Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Cold Drawn Seamless Steel Pipes Market size was valued at USD 72451.7 million in 2021 and is poised to grow from USD 75859.22 million in 2022 to USD 110824.81 million by 2030, growing at a CAGR of 4.83% in the forecast period (2023-2030).

Global cold drawn seamless steel pipes market is highly fragmented in nature with the existence of many well-known international and regional market players operating around the globe. Key companies of the market are increasing their investment in research & development activities and introduction to new and innovated product launches to cater to the growing consumer demand and expand their market reach to stay ahead of its competitors. 'ArcelorMittal North America Holdings', 'Nippon Steel & Sumitomo Metal Corporation', 'Tenaris S.A.', 'Vallourec SA', 'JFE Steel Corporation', 'Tata Steel Limited', 'Wheatland Tube Company', 'United States Steel Corporation', 'Sandvik AB', 'Salzgitter AG', 'PTC Alliance Holdings Corp.', 'Mannesmann Stainless Tubes GmbH', 'Zhejiang JIULI Hi-Tech Metals Co., Ltd.', 'Penn Stainless Products, Inc.', 'Marcegaglia SPA', 'Aperam S.A.', 'KME Germany GmbH & Co KG', 'Schoeller Bleckmann AG', 'Pooiasteel Industrial Group', 'Sanyo Special Steel Co., Ltd.'

Rising popularity of seamless steel pipes in oil & gas sector across the nation is key factor expected to drive the growth of the Global cold drawn seamless steel pipes market during the forecast period. Rising production of crude oil across various regions such as United States, Germany, France, China, and India and growing adoption of these type of pipes is fostering the demand for seamless steel pipes. For instance, according to the U.S. Energy Information Administration, in March 2022, 11.7 million barrels/day crude oil was manufactured in the United States. And, United States was the leading producer of oil globally.

Increasing adoption of seamless steel pipes across various applications due to is several beneficial characteristics like high strength, longer durability, and corrosion resistance coupled with the growing technological advancements in manufacturing processes are creating lucrative growth opportunities for the market growth. In the last few years, many new and innovated products have been introduced by several large global market players as per growing consumer demand and needs is also fueling the market growth.

Globally, Asia Pacific dominated the cold drawn seamless steel pipes market and is expected to maintain its dominance throughout the forecast period. Rapid growth in industrialization and extensive rise in the transportation sectors coupled with the growing oil & gas industry are key factors projected to drive the growth of the regional market. Moreover, a tremendous rise in the construction projects mainly in developing countries including India and China are likely to boost the demand for seamless steel pipes in the region.

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Global Cold Drawn Seamless Steel Pipes Market

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