U.S. Cold Drawn Seamless Steel Pipes Market

U.S. 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: SQMIG20C2077 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 127 | Figures: 77

U.S. Cold Drawn Seamless Steel Pipes Market Insights

U.S. Cold Drawn Seamless Steel Pipes Market size was valued at USD 12 billion in 2019 and is poised to grow from USD 12.97 billion in 2023 to USD 24.19 billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).

An extensive rise in the growing demand from oil & gas sector for seamless pipes along with the growing number of new oilfield discoveries and rise in offshore spending are major factors expected to drive the growth of the U.S. cold drawn seamless steel pipes market throughout the forecast period. Additionally, aging pipe infrastructure needs the replacement and change in pipes because aged pipeline has more chances of getting leaks and corrosion, therefore several large service providers and operators of the market are heavily investing in pipeline replacement and innovation, which is likely to foster growth of the market at a strong growth rate over the coming years.

Moreover, numerous types of beneficial features of seamless 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 factors propelling the growth of the U.S. 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 - 2024-2031

Global Market Size

USD 12 billion

Largest Segment

Oil & Gas

Fastest Growth

Automotive

Growth Rate

8.1% CAGR

U.S. Cold Drawn Seamless Steel Pipes Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
U.S. Cold Drawn Seamless Steel Pipes Market Size By End-Use, 2022-2028 ($ Bn)
U.S. Cold Drawn Seamless Steel Pipes Market Size By End-Use, 2022-2028 (%)

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U.S. Cold Drawn Seamless Steel Pipes Market Segmental Analysis

U.S. Cold Drawn Seamless Steel Pipes Market is segmented on the basis of product, production process, application, and end-use. By product, the U.S. Cold Drawn Seamless Steel Pipes Market is segmented into carbon steel, alloy steel, stainless steel, and others. By production process, the U.S. 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 U.S. Cold Drawn Seamless Steel Pipes Market is classified into oil & gas, automotive, power generation, and others. By application, the U.S. 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.

U.S. Cold Drawn Seamless Steel Pipes Market Analysis by Production Process

By production process, the cross-roll piercing & pilger rolling segment accounted for the 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 at fastest growth rate over 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.

U.S. Cold Drawn Seamless Steel Pipes Market Analysis by End-Use

By end-use, the oil & gas sector held the significant market share in 2021 and is set 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 easily assure the stability and better balance of electric vehicles. Thus, these types of benefits associated with seamless steel pipes are projected to fuel the adoption among large automotive manufacturers across the globe.

U.S. Cold Drawn Seamless Steel Pipes Market By End-Use, 2021 (%), 2023 (%)

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U.S. Cold Drawn Seamless Steel Pipes Market Regional Insights

The United States 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, rapid 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.

U.S. Cold Drawn Seamless Steel Pipes Market By Geography, 2022-2028, 2024-2031
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U.S. Cold Drawn Seamless Steel Pipes Market Dynamics

U.S. Cold Drawn Seamless Steel Pipes Market Drivers

Growing Adoption in Oil and Gas Sector

  • Increasing prevalence of seamless steel pipes in oil & gas sector across the nation is key factor expected to drive the growth of the U.S. cold drawn seamless steel pipes market over the forecast period. Rising production of crude oil across United States and growing adoption of these type of pipes is Influencing 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.

U.S. Cold Drawn Seamless Steel Pipes Market Restraint

High Initial Cost Hampering Market Growth

  • High initial cost required in the development and setups process of steel pipes manufacturing units is key factor projected to restrain the growth of the global cold drawn seamless steel pipes market over the forecast period. Additionally, lack of advanced manufacturing techniques in various low-medium sized economies across the globe is also hampering the expansion and growth of the global market.

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U.S. Cold Drawn Seamless Steel Pipes Market Competitive Landscape

The U.S. cold drawn seamless steel pipes market is highly competitive 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 the growing consumer demand and expand their market reach to stay ahead of its competitors.

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

  • ArcelorMittal North America Holdings
  • Vallourec USA Corp
  • Tenaris USA
  • Nippon Steel Corporation USA
  • JFE Steel America, Inc.
  • TMK IPSCO
  • Plymouth Tube Co.
  • Sandvik Materials Technology
  • Kobe Steel USA Inc.
  • MST - Seamless Tube & Pipe
  • Mannesmann DMV Stainless GmbH USA
  • United States Steel Corporation
  • Wheatland Tube Co.
  • A106 Pipe & Supply Inc.
  • Salem Tube, Inc.
  • TimkenSteel Corporation
  • PTC Alliance
  • Bri-Steel Manufacturing LLC
  • Tubular Steel, Inc.
  • Zekelman Industries Inc

U.S. Cold Drawn Seamless Steel Pipes Market Recent Development

  • In July 2022, ArcelorMittal North America Holdings, a leading service provider in steel industry in United States, announced that its has signed an agreement to acquire CSP with an enterprise value of USD 2.2 billion. The new acquisition brings several 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.

U.S. Cold Drawn Seamless Steel Pipes Key Market Trends

Rapid Technological Advancements to Boost Market Growth

  • Rising prevalence of seamless steel pipes across various applications due to is several features 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 as per growing consumer demand and needs is also propelling the market growth.

U.S. 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 U.S. cold drawn seamless steel pipes market is witnessing a strong growth during the forecast period owing to the increasing adoption of steel pipes in several end-use industries along with the growing focus of several large market players and government bodies to innovate 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 external folding, crushing, separation, and scarring are expected to hinder the global market growth in the near future.

Report Metric Details
Market size value in 2023 USD 12 billion
Market size value in 2031 USD 24.19 billion
Growth Rate 8.1%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
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
  • Vallourec USA Corp
  • Tenaris USA
  • Nippon Steel Corporation USA
  • JFE Steel America, Inc.
  • TMK IPSCO
  • Plymouth Tube Co.
  • Sandvik Materials Technology
  • Kobe Steel USA Inc.
  • MST - Seamless Tube & Pipe
  • Mannesmann DMV Stainless GmbH USA
  • United States Steel Corporation
  • Wheatland Tube Co.
  • A106 Pipe & Supply Inc.
  • Salem Tube, Inc.
  • TimkenSteel Corporation
  • PTC Alliance
  • Bri-Steel Manufacturing LLC
  • Tubular Steel, Inc.
  • Zekelman Industries Inc
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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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 U.S. 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 U.S. 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 U.S. 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 U.S. 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 U.S. 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 U.S. 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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FAQs

U.S. Cold Drawn Seamless Steel Pipes Market size was valued at USD 12 billion in 2019 and is poised to grow from USD 12.97 billion in 2023 to USD 24.19 billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).

The U.S. cold drawn seamless steel pipes market is highly competitive 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 the growing consumer demand and expand their market reach to stay ahead of its competitors. 'ArcelorMittal North America Holdings', 'Vallourec USA Corp', 'Tenaris USA', 'Nippon Steel Corporation USA', 'JFE Steel America, Inc.', 'TMK IPSCO', 'Plymouth Tube Co.', 'Sandvik Materials Technology', 'Kobe Steel USA Inc.', 'MST - Seamless Tube & Pipe', 'Mannesmann DMV Stainless GmbH USA', 'United States Steel Corporation', 'Wheatland Tube Co.', 'A106 Pipe & Supply Inc.', 'Salem Tube, Inc.', 'TimkenSteel Corporation', 'PTC Alliance', 'Bri-Steel Manufacturing LLC', 'Tubular Steel, Inc.', 'Zekelman Industries Inc'

Increasing prevalence of seamless steel pipes in oil & gas sector across the nation is key factor expected to drive the growth of the U.S. cold drawn seamless steel pipes market over the forecast period. Rising production of crude oil across United States and growing adoption of these type of pipes is Influencing 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.

Rising prevalence of seamless steel pipes across various applications due to is several features 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 as per growing consumer demand and needs is also propelling the market growth.

The United States 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, rapid 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.

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