According to the recent study the industrial seamless steel pipe market is projected to reach an estimated $6.2billion by 2028 from $5.2 billion in 2022, at a CAGR of 2% from 2022 to 2028. Growth in this market is primarily driven by growing demand of seamless steel pipe in power generation and automotive industries due to its superior tensile strength and high corrosion & pressure resistance.

Browse 98 figures / charts and 85 tables in this 216 -page report to understand trends, opportunities and forecast in industrial seamless steel pipe market by end use industry (power generation, petrochemical, automotive, industrial processing plant, and others), process (hot finished seamless pipe and cold finished seamless pipe), diameter (small diameter pipes (up to 12 inches) and large diameter pipes (12 inches and above), pressure rating (high, medium, and low pressure) and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Hot finished seamless pipes market is expected to remain the largest segment during the forecast period.”

Based on process, the industrial seamless steel pipe market is segmented into hot finished seamless pipe and cold finished seamless pipe. Lucintel forecasts that the hot finished seamless pipes market is expected to remain the largest segment due to because of its low cost and high tolerance & crack resistance because of its low cost and high tolerance & crack resistance.

“Within the industrial seamless steel pipe market, the power generation segment is expected to remain the largest end use industry”

Based on end use industry the power generation segment is expected to witness the highest growth over the forecast period due to growing hydro and nuclear power generation plants.

“Asia pacific will dominate the industrial seamless steel pipe market in near future”

APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the increasing urbanization, infrastructure development, and the continuous growth of the industrial sectors in this region.

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Major players of industrial seamless steel pipe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Vallourec, Chelpipe, TMK, Tenaris, Baosteel, JFE Steel, US Steel, and TPCO are among the major industrial seamless steel pipe providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/industrial-seamless-steel-pipe-market.aspx or [email protected]