Market Segmentation Overview
Alloy steel pipes are appreciated for their superior quality and unmatched durability. This seamless alloy-steel pipe is for high-temperature service. The pipe shall be suitable for bending, flanging (vanstoning), similar forming operations, and fusion welding. The coarse-grain melting practice shall make grade P2 and P12 steel pipes. The steel material shall conform to chemical composition, tensile property, and hardness requirements. Each length of pipe shall be subjected to the hydrostatic test. Also, each pipe shall be examined by a non-destructive examination method by the required practices. The range of pipe sizes that may be examined by each method shall be subjected to the limitations in the scope of the respective practices. The different mechanical test requirements for pipes, namely, transverse or longitudinal tension test, flattening test, and hardness or bend test, are presented.
An Alloy Steel pipe material type of seamless steel pipes market is valued at USD 14,422.2 Mn in 2019 and is estimated to grow at a CAGR of 6.99% over the forecast period to reach a USD 24,589.2 Mn by 2027. The alloy steel pipes segment holds 32.91% of the market share in 2019 and is expected to be 35.31% by 2027 for the global seamless steel pipes market by material type.
These are available in different sizes, grades, shapes, and specifications. Companies are manufacturing seamless steel pipes as per ASME B16.11 standards and other international standards. These alloy steel pipes and tubes are used in various applications like chemical plants, oil refineries, fertilizer plants, sugar mills, petrochemicals, etc. Companies are also customizing the alloy steel pipes as per the client requirements. In September 2018, A research team from Russia’s National University of Science & Technology’s MISIS Department of Pressure Metal Treatment had developed a new technology that simplifies hot rolling seamless pipes made of alloy and high-alloy steel.
Market Opportunities
Increasing focus on pipe strength and durability is the major opportunity for the growth of the market worldwide. Many pipelines were recently laid at depths of 300–3000 m under the sea. As a result, the requirement for high-strength, high toughness, and thick-wall seamless pipes is becoming increasingly demanding. Seamless pipes for OCTG are produced at Wakayama Works (60.3 to 425.4 mm in outer diameter) and Amagasaki work (60.3 - 339.7 mm in outer diameter). The pipes manufactured at Wakayama Works are made of carbon steel and steel containing up to 13% Cr. These products, suitable for use at high temperatures, under high pressures, and in highly corrosive conditions, resulted from steels' technical development resistant to high-temperature sour environments containing free sulfur.
Considering the demand for higher toughness required for heavy thickness seamless line pipes, especially those for Northern Europe, Russia, Alaska, Canada, and other cold regions, newer pipe products to meet such demand are being developed. Companies like Nippon Steel & Sumitomo Metal have supplied sour-resistant X65 seamless pipes in quantities for pipelines in the Middle East and the Caspian regions where the H2S contents in oil and gas are high; the high quality of the product has been greatly relied upon. The company has been promoting seamless pipes of super-13Cr steel and duplex steel to pipeline projects in corrosive environments containing high H2 S, low CO2, etc., in the North Sea, Oceania, and Southeast Asia in close communication with the customers. SM65-2505 (DP25U) has been developed as a new pipeline material of good weldability and high-cost performance due to various countries' demands.
Geographical Analysis
The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent prominent regional markets. In North America, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr. Donald Trump also signed a memo for new steel pipelines using U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The region is expected to become a substantial region in the oil and gas industry. It is increasing its export of fossil fuels through its sale of “shale oil” reserves. The region also has an advanced chemical industry. These factors enhance the opportunity of the market in the region.
The North American market for seamless steel pipes was valued at USD 10,200.2 million in 2019. The market is estimated to grow at a CAGR of 6.04% during the forecast period to reach a USD 16,224.4 million market value by 2027.
North America has a mature chemical industry. Both these factors indicate an enhanced opportunity for the seamless pipe market in North America. In April 2019, TechnipFMC contracted Vallourec Solucoes Tubulares do Brasil to supply about 12,000 tons of seamless steel rigid line pipe for the Mero 1 project resulting in the Santos basin. ArcelorMittal has two tubular facilities in the United States, both located in Ohio. Tubular products include mechanical steel tubing and seamless steel pipes, and welded precision tubes. Tubular products serve various markets, including automotive, industrial, and construction equipment, hydraulic cylinders, agricultural equipment, and mineral mining equipment.
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