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Global 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).

Who are the key vendors in the GLOBAL Cold Drawn Seamless Steel Pipes Market?

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.'

Cold Drawn Seamless Steel Pipes Market Size

Cold Drawn Seamless Steel Pipes Market Insights

Global Cold Drawn Seamless Steel Pipes Market size was valued at USD 24.6 billion in 2023 and is poised to grow from USD 26.54 billion in 2024 to USD 48.77 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).

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.

FAQs

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. 'Tenaris S.A. (Luxembourg) ', 'Vallourec S.A. (France) ', 'TMK Group (Russia) ', 'Nippon Steel Corporation (Japan) ', 'JFE Steel Corporation (Japan) ', 'United States Steel Corporation (USA) ', 'SSAB AB (Sweden) ', 'Maharashtra Seamless Ltd (India) ', 'Jindal SAW Ltd (India) ', 'Hunan Valin Steel Co., Ltd. (China) ', 'Ansteel Group Co., Ltd. (China) ', 'Baosteel Group Corporation (China) ', 'Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (China) ', 'Salzgitter AG (Germany) ', 'Benteler International AG (Germany) ', 'Sandvik AB (Sweden) ', 'Piping Technology & Products, Inc. (USA) ', 'Chelpipe (Russia)'

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.

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.

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.