What is Global Submerged Arc Welded Pipe Market?
The Global Submerged Arc Welded Pipe Market is a vast and complex field that encompasses a wide range of products and services. These pipes are manufactured using a specific welding technique known as submerged arc welding, which involves the formation of an arc between a continuously fed electrode and the workpiece. The process is carried out under a blanket of granular flux, which helps to protect the weld zone from atmospheric contamination. This method of welding is highly efficient and produces high-quality welds, making it ideal for the production of large-diameter pipes. The global market for these pipes is substantial, with a wide range of applications across various industries.
LSAW Pipe, SSAW Pipe in the Global Submerged Arc Welded Pipe Market:
Longitudinal Submerged Arc Welded (LSAW) pipes and Spiral Submerged Arc Welded (SSAW) pipes are two of the most common types of pipes produced using the submerged arc welding technique. LSAW pipes are typically used in high-pressure applications, as they offer superior pressure-bearing capacity compared to SSAW pipes. On the other hand, SSAW pipes are often used in applications where the pipe needs to be bent or coiled, as they offer greater flexibility. The global market for these pipes is highly competitive, with several major players vying for market share. Despite this competition, the market is expected to grow steadily in the coming years, driven by increasing demand from various end-use industries.
Oil & Gas, Construction & Utilities, Others in the Global Submerged Arc Welded Pipe Market:
The Global Submerged Arc Welded Pipe Market finds extensive usage in several areas including Oil & Gas, Construction & Utilities, and others. In the Oil & Gas industry, these pipes are used for the transportation of oil and gas from the extraction site to the processing facilities. They are preferred for their high strength, durability, and resistance to corrosion, which are critical factors in this industry. In the Construction & Utilities sector, these pipes are used in water supply systems, sewage systems, and other utility networks. They are chosen for their ability to withstand high pressures and harsh environmental conditions. Other industries that use these pipes include the chemical industry, power generation industry, and manufacturing industry, among others.
Global Submerged Arc Welded Pipe Market Outlook:
The future outlook for the Global Submerged Arc Welded Pipe Market is promising. In 2022, the market was valued at US$ 14800 million and is expected to grow to US$ 15370 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 1.0% during the forecast period from 2023 to 2029. The market is dominated by a handful of major players, with the top five companies accounting for about 35% of the market share. This indicates a high level of concentration in the market, which could potentially impact the competitive dynamics in the future. However, the market is expected to remain stable, driven by steady demand from various end-use industries.
| Report Metric | Details |
| Report Name | Submerged Arc Welded Pipe Market |
| Accounted market size in 2022 | US$ 14800 in million |
| Forecasted market size in 2029 | US$ 15370 million |
| CAGR | 1.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | TMK Group, Baoji Petroleum Steel Pipe, Jindal SAW Ltd., Welspun, EUROPIPE GmbH, EEW Group, JFE Steel Corporation, SEVERSTAL, JSW Steel Ltd., OMK, Cangzhou Spiral Steel Pipes Group Co., Ltd., Tianjin You Fa Steel Pipe Group Stock Co., Ltd., Jiangsu Yulong Steel Pipe Technology Co., Ltd., Nippon Steel Corporation, Panyu Chu Kong Steel Pipe, ArcelorMittal, Zhejiang Kingland & Pipeline Technol-ogies Co.,Ltd., Shengli Oil & Gas Pipe, Global Pipe Company, Arabian Pipes Company, Borusan Mannesmann |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
