A Strategic Outlook for the Global Seamless Steel Pipe & Tube Market to 2028 – ResearchAndMarkets.com

The "A
Strategic Outlook for the Global Seamless Steel Pipe and Tube Market to
2028" report has been added to ResearchAndMarkets.com's
offering.

Oil and gas industry is one of the largest consumers of seamless tube
and pipes. However, demand for pipes remained comparatively low over the
past few years due to subdued oil prices.

Recently, the pullout of the US from the Iran nuclear deal sent oil
prices to four-year high reaching $80/barrel. Indeed, there would be
significant implications on the global energy and pipes (OCTG and line
pipes) industries if Iranian sanctions are restored. The Iran factor is
not just the only element impacting the supply; part of this includes
OPEC production cuts and political and economic crises in Venezuela.

On the other side of the equation, demand exhibits some revival. The
global economy is performing better than expected with tax cuts in the
US and the reluctance of BOJ and ECB to tighten policy indicate towards
that there is no immediate threat to the global economy.

With the oil price rises, the output will also be boosted, resulting in
a surge in drillings. We also expect that there would be some supply
additions in the global tubes and pipes industry. The US market is
expected to see some further capacity additions going forward.

Asia is the key seamless pipe and tube market due to its rapid
industrialisation and infrastructural developments. China leads the
seamless market as one of the largest producers, though its capacity
cuts and antidumping duties on its seamless steel pipes products,
production is expected to suffer here. This report expects these
initiatives will help improving market fundamentals in the short term.

We also anticipate some changes in the end users markets share going
forward, particularly in the power generation due to shift from
conventional energy generations toward renewable. Wind and solar energy
will see more penetration in the long term. This will put pressure on
pressure pipes.

In the OCTG sector, the complexity and depth of wells have remained a
key trend. More complex drilling is now being used, such as drilling at
a 45-degree angle. Horizontal sections are also getting longer which are
creating issues of pulling, compression and weight.

It is also expected that alternative materials are now on the rise such
as aluminium and alloy. This report also understands that carbon fibre
composites are also making their way into the energy sector, due to
their ideal attributes such as high-temperature capability, corrosion
resistant particularly to seawater, and lightweight, long continuous
length and high-pressure capability.

For more information about this report visit https://www.researchandmarkets.com/research/f5l6pn/a_strategic?w=4

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