Spiral
welded pipes market, though encountering overcapacity conditions particularly
in North America, is expected to witness steady growth in the upcoming years
driven by the implementation of new pipeline projects. Investments in oil and
gas exploration and production, which are influenced by prevailing crude oil
& gas prices, have a considerable impact on the demand for spiral welded
pipes and tubes. Resurgent world economy and consequent increase in the demand
for industrial natural gas is expected to drive up momentum of the spiral
welded pipes market.
Global demand for spiral welded pipes, which are primarily used in the
transportation of oil and gas and in water transportation projects, is closely
linked to the investments in the energy sector. The energy sector makes use of
spiral welded pipes with diameters of up to 60” and up to 80 feet in length.
Another factor that is expected to fuel demand for spiral pipes and tubes is
new pipeline construction activity due to the shift of population from traditional
centers that would necessitate development of infrastructure for delivering oil
and natural gas to the new locations. Demand for spiral welded pipes is also
expected from the replacement market, as most of the existing pipeline
infrastructure, particularly in developed regions, has reached their end of
useful life. Structural applications of spiral welded pipes are also gaining
momentum, specifically with additional activity occurring in port, offshore
loading and infrastructure improvement sectors.
As stated by the new market
research report on Spiral Welded Pipes and
Tubes, Asia-Pacific represents the largest market worldwide,
driven primarily by increased use in transporting natural gas. Besides
Asia-Pacific, Latin America ranks among the fastest growing regional markets
with compounded annual growth rate ranging between 7.5% and 9.0% over the
review period. North American market, on the other hand, is encountering
testing times owing to weak demand and overcapacity conditions. Oversupply is
the major concern for spiral welded pipes market particularly with regard to
large diameter double submerged arc welded or DSAW line pipes, which
finds use in transmitting oil, natural gas liquids, and natural gas to
consumers from drilling locations.
Despite the prevailing conditions, potential opportunities are expected
primarily from the implementation of new pipeline projects in the upcoming
years, resurgent growth of the US economy, and increased demand from natural
gas exploration operations. Also, overcapacity conditions are expected to fade
away in the coming years, as several megaprojects are set to be taken up across
the world, particularly in regions such as Southeast Asia, Australia, Middle
East, Africa, and West Asia.
Replacement of aging infrastructure offers huge potential for pipe
manufacturers. The need to replace old pipelines is particular high in the US
and Russia, where pipeline networks were mostly installed during the 60s and
70s. With the average lifespan of oil and gas transportation pipes ranging
between 25 and 30 years, opportunities in the replacement market are huge,
particularly for HSAW pipes. In the US, replacement demand holds enormous
potential as a result of the recent enactment of the legislation that
necessitates more inspections to be carried out, which could increase the
likelihood of pipeline replacements. The Act is likely to play a critical role
in enabling manufacturers of large diameter line pipes to survive the tough
economic and overcapacity conditions.
Major players profiled in the report include American SpiralWeld Pipe
Company LLC, ArcelorMittal SA, Borusan Mannesmann Boru Sanayi ve Ticaret A.S.,
Europipe GmbH, EVRAZ North America, JFE Steel Corporation, Jindal SAW Ltd., Man
Industries Ltd., National Pipe Company Ltd., Nippon Steel & Sumitomo Metal
Corporation, PSL Limited, Shengli Oil & Gas Pipe Holdings Limited, Stupp
Corporation, Volzhsky Pipe Plant, UMW Group, and Welspun Corp Ltd.
The research report titled “Spiral Welded Pipes and Tubes: A Global
Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market trends, issues, drivers, company profiles,
mergers, acquisitions and other strategic industry activities. The report
provides market estimates and projections for all major geographic markets
including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain,
Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific),
Middle East, and Latin America.
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