Dublin, April 04, 2023 (GLOBE NEWSWIRE) -- The "Electric Resistance Welded (ERW) Pipes and Tubes: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electric Resistance Welded (ERW) Pipes and Tubes estimated at 67.6 Million Tons in the year 2022, is projected to reach a revised size of 107.2 Million Tons by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.
Mechanical Steel Tubing, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach 27.7 Million Tons by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Line Pipes segment is readjusted to a revised 6.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at 5.8 Million Tons, While China is Forecast to Grow at 6.5% CAGR
The Electric Resistance Welded (ERW) Pipes and Tubes market in the U.S. is estimated at 5.8 Million Tons in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 35.2 Million Tons by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Select Competitors (Total 139 Featured) -
- Al Jazeera Steel Products Company SAOG
- APL Apollo Tubes Limited (APL)
- Arabian Pipes Company
- ArcelorMittal SA
- ChelPipe
- Choo Bee Metal Industries Berhad
- EVRAZ North America
- JFE Steel Corporation
- Maharashtra Seamless Limited
- Nippon Steel & Sumitomo Metal Corporation
- PAO TMK
- PT Bakrie Pipe Industries
- Salzgitter Mannesmann Line Pipe GmbH
- Surya Roshni Ltd.
- Tata Steel Europe
- Techint Group SpA
- Ternium S.A.
- Tenaris S.A.
- United States Steel Corporation
- United Metallurgical Company /OMK
- Welspun Corp Ltd.
- Wheatland Tube Company
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- 2020 : A Year of Disruption & Transformation
- Year 2021 in Review and Near Term Outlook
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
- Russia Ukraine Conflict, China Lockdowns Again Threaten to Disrupt Global Supply Chains
- ERW Pipes and Tubes Market Gains Momentum After a Tough Phase
- OCTG Pipes Demand in Sync with Oil and Gas Industry Fortunes
- Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2023
- Global Petroleum and Other Liquids Consumption and Production Trends: 2020-2023
- Backed by Inflated Oil Prices, Global Capital Expenditure on Upward Trajectory
- Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
- Implications of Russia-Ukraine Conflict on Oil & Gas Industry
- Europe to Focus on Diverse Supply Routes & Renewable Energy
- Global E&P CAPEX: 2015-2022
- Global Oil Production (In Million Barrels Per Day) for Years 2018 through 2022
- Influencer Market Insights
- World Market Trajectories
- Electric Resistance Welded (ERW) Pipes and Tubes - Global Key Competitors Percentage Market Share in 2022 (E)
- Electric Resistance Welded (ERW) Pipes and Tubes Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Electric Resistance Welded (ERW) Pipes & Tubes: An Introduction
- Production of ERW Pipes
- Types of ERW Welding Processes
- Applications/Uses of ERW Pipes
- Classification of ERW Pipes
- Outlook
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Rig Count and Drilling Activity Drives Consumption for OCTG Pipes
- Global Average Rig Count: 2015-20221
- World Average Rig Count by Region: Jan-March 2022
- World Average Rig Count by Region: 2021
- Global Rig Count by Region (2020: Percentage Share Breakdown of Average Rig Count
- Unconventional Oil & Gas Resources Trigger Demand for High Grade OCTG Products
- Deep Water Drilling Offer New Growth Opportunities
- Growth in Natural Pipeline Projects to Drive the Demand for Line Pipes
- Global Natural Gas Production (In Billion Cubic Metre (BCM)) for Years 2018 Through 2022
- Impact of Russia-Ukraine Conflict on Natural Gas Imports to Europe
- Tough Operating Environments Drive Demand for High Quality Line Pipes
- Shale Plays Drive Demand for High Strength Pipes
- Technically Recoverable Shale Gas Resource (in tcf) by Country
- Aging Pipelines Drive Replacement Demand
- Improvement in Manufacturing Sector Boosts Prospects
- Global PMI Index Points: Jan 2019 to Jan 2022
- Mechanical Tubing Market Prospects
- Automotive Industry: Another Important End-Use market for ERW Tubes
- Recap of COVID-19 Impact on the Automotive Industry in 2020
- Post COVID-19 Recovery in Automobile Industry to drive Demand
- Global Automobile Production (In Million Units) for the Years 2011 - 2021
- Outlook for 2022 Remains Positive
- Semiconductor Chip Shortages & Its Induced Production Woes, a Downside Risk Aggravating Market Nervousness
- Other Challenges Cause Revision to Outlook
- Key Factors That Are Likely to Influence Recovery in New Car Sales in 2022
- Recovery in Construction Sector to Boost Growth
- Global Construction Spending (In US$ Trillion) for 2019, 2020 & 2021
- Surge in Number of High Rise Buildings Boost Prospects for Structural Steel Pipes
- Completions of 200-Meter-Plus Buildings: 2010-2021
- Structural Steel Tubes Market as Percentage of Steel Consumption (2020)
- Faster Acceleration in E-Commerce Induced by the Pandemic and Warehouse Construction to Drive Demand
- Global e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Rise in Modular Building to Drive HSS
- Pre-Fabrication and Modularization Market (2020): Percentage Share Breakdown of Usage by Construction Application
- Pressure Application to Drive Demand for Pressure Tubings
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6nl5tu
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