Expansions and Agreements are the Key Strategies Adopted by Key Companies To Strengthen their Sales and Distribution Network in the Seamless Pipes Market
The seamless pipes market is estimated to be USD 183.79 Billion in 2017 and is projected to reach USD 237.11 Billion by 2022, at a CAGR of 5.2% during the forecast period from 2017 to 2022. The demand for seamless pipes is mainly driven by the growing consumption of seamless pipes in different end-use industries. The demand for seamless pipes is expected to be the highest in the oil & gas industry. Thus, the growth of the oil & gas industry in emerging markets, such as China, India, and Brazil is expected to fuel the demand for seamless pipes. Some of the key players in the seamless pipes market include Nippon Steel & Sumitomo Metal Corporation (Japan), ArcelorMittal SA (Luxembourg), JFE Steel Corporation (Japan), Tenaris S.A. (Luxembourg), Vallourec AG (France), IPP Europe Ltd. (UK), Zaffertec S.L. (Spain), Cimco Europe (Italy), Wheatland Tube Company (US), Techint Group SpA (Italy), ISMT Ltd. (India), ALCO SAS (Colombia), Shalco Industries Pvt. Ltd. (India), UMW Group (Malaysia), United Seamless Tubulaar Pvt. Ltd. (India), Jindal Saw Ltd. (India), Tianjin Pipe (Group) Corporation (China), PAO TMK (Russia), Sandvik AB (Sweden), United States Steel Corporation (US), Schulz USA (US), ChelPipe (Russia), EVRAZ Plc (UK), Salzgitter Mannesmann Stainless Tubes GmbH (Germany), and Tubos Reunidos, S.A. (Spain).
Expansions and agreements are the key strategies adopted by key companies to strengthen their sales and distribution network in the seamless pipes market. These companies also invested in R&D activities to enhance their market visibility and strengthen their position in the market.
Nippon Steel & Sumitomo Metal Corporation is one of the leading producers of seamless pipes. The company has an extensive customer base and presence in various regions across the globe. In April 2017, the company established a joint venture, VAM BRN SDN BHD (VAM BRN), with Sumitomo Corporation (Japan) and Vallourec Tubes S.A.S. (France). The new plant has a capacity of producing 18,000 tons of Oil Country Tubular Goods (OCTG) pipes per year. In January 2017, the company received a supply contract extension from Petroleum Development Oman. The contract will help the company to establish its brand image in the market.
ArcelorMittal S.A. is another leading producer of seamless pipes. The company manufactures and distributes a wide range of tubular products for industries, such as oil & gas, and power generation, among others. In February 2014, the company increased the annual production capacity of its seamless pipe manufacturing plant in the Czech Republic from 24,000 tons to 42,000 tons. The expansion will help the company meet the increasing demand for seamless pipes across the globe.
Related Reports:
Seamless Pipes Market by Type (Hot Finished, Cold Finished), Production Process (Continuous Mandrel Rolling, Multi-stand Plug Mill (MPM), Cross-roll Piercing & Pilger Rolling), Material, End-use Industry, and Region - Global Forecast to 2022
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