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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1667010

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1667010

Cold Drawn Seamless Steel Pipes Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034

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The Global Cold Drawn Seamless Steel Pipes Market reached USD 82.4 billion in 2024 and is projected to expand at a robust CAGR of 7.6% between 2025 and 2034. This growth is primarily driven by the increasing demand from the oil and gas industry, where reliable, durable, and high-performance pipes are crucial for exploration, extraction, and transportation activities. Cold drawn seamless steel pipes are renowned for their strength, pressure resistivity, and durability, making them ideal for use in harsh environments such as offshore drilling operations, oil and gas transportation, and refinery processes. As global energy consumption continues to rise, the demand for resilient infrastructure, including these high-quality pipes, is surging, further propelling market growth.

Cold Drawn Seamless Steel Pipes Market - IMG1

Over the years, the market for cold drawn seamless steel pipes has become increasingly essential across various industries, including energy, automotive, and construction. The oil and gas sector remains a key driver, with these pipes being indispensable for the safe and efficient transportation of hydrocarbons. Similarly, construction and automotive industries leverage the versatility and durability of these pipes to ensure structural integrity and performance. Additionally, the rapid expansion of infrastructure projects worldwide, combined with stringent environmental regulations and the need for high-quality materials, further fuels the demand for seamless steel pipes. These trends are contributing to the overall market expansion, with manufacturers continuously advancing their production techniques to meet these growing needs.

Market Scope
Start Year2024
Forecast Year2025-2034
Start Value$82.4 Billion
Forecast Value$168.5 Billion
CAGR7.6%

The market is segmented based on pipe types, which include square and rectangular pipes, hydraulic MS seamless pipes, MS seamless pipes, and others. In 2024, the MS seamless pipes segment generated USD 27.9 billion, capturing a significant market share. This segment is expected to grow at a CAGR of 7.9% over the forecast period, reflecting the widespread use of mild steel (MS) seamless pipes across various industries due to their cost-effectiveness, versatility, strength, and ease of welding. These pipes are commonly found in construction, automotive, and engineering applications, where reliability and performance are paramount.

In terms of distribution channels, the cold drawn seamless steel pipes market is divided into direct and indirect sales. The indirect sales segment dominated the market in 2024, holding a 66.2% share. This segment is projected to grow at a CAGR of 7.7% through 2034, driven by the role of intermediaries like distributors, wholesalers, and retailers who expand the reach of manufacturers and supply to a broader customer base. Indirect sales are particularly essential in serving small and medium-sized enterprises and regional markets, where large quantities of pipes are purchased and resold to end-users.

The U.S. cold drawn seamless steel pipes market reached USD 14.5 billion in 2024 and is expected to grow at a CAGR of 7.6% in the coming years. As a leading player in the market, the U.S. continues to see high demand for these pipes, driven by the oil and gas, automotive, and construction industries. The country's ongoing infrastructure development projects and energy exploration activities are vital factors contributing to this strong demand. Furthermore, advanced manufacturing techniques and adherence to stringent environmental regulations continue to influence the market, ensuring the efficient production and distribution of these essential pipes.

Product Code: 6353

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market scope & definition
  • 1.2 Base estimates & calculations
  • 1.3 Forecast parameters
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid sources
      • 1.4.2.2 Public sources

Chapter 2 Executive Summary

  • 2.1 Industry synopsis, 2021 – 2034

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
    • 3.1.1 Factors affecting the value chain
    • 3.1.2 Profit margin analysis
    • 3.1.3 Disruptions
    • 3.1.4 Future outlook
    • 3.1.5 Manufacturers
    • 3.1.6 Distributors
  • 3.2 Supplier landscape
  • 3.3 Profit margin analysis
  • 3.4 Key news & initiatives
  • 3.5 Regulatory landscape
  • 3.6 Impact forces
    • 3.6.1 Growth drivers
      • 3.6.1.1 Increasing demand from the oil & gas industry
      • 3.6.1.2 Rising infrastructure development and construction activities
      • 3.6.1.3 Technological advancements in pipe manufacturing
    • 3.6.2 Industry pitfalls & challenges
      • 3.6.2.1 Fluctuating raw material prices environmental
      • 3.6.2.2 Environmental regulations and sustainability challenges
  • 3.7 Growth potential analysis
  • 3.8 Technological overview
  • 3.9 Porter’s analysis
  • 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

  • 4.1 Introduction
  • 4.2 Company market share analysis
  • 4.3 Competitive positioning matrix
  • 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Standard, 2021 – 2034, (USD Billion) (Thousand Units)

  • 5.1 Key trends
  • 5.2 ASTM A179
  • 5.3 ASTM A106
  • 5.4 ASTM A511
  • 5.5 ASMT A192
  • 5.6 ASM A209
  • 5.7 ASMT A210
  • 5.8 Others

Chapter 6 Market Estimates & Forecast, By Type, 2021 – 2034, (USD Billion) (Thousand Units)

  • 6.1 Key trends
  • 6.2 MS seamless pipes
  • 6.3 Hydraulic MS seamless pipes
  • 6.4 Square & rectangular pipes
  • 6.5 Others

Chapter 7 Market Estimates & Forecast, By End Use Industry, 2021 – 2034, (USD Billion) (Thousand Units)

  • 7.1 Key trends
  • 7.2 Oil & gas
  • 7.3 Construction
  • 7.4 Automotive
  • 7.5 Energy & power
  • 7.6 Aerospace
  • 7.7 Others

Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021 – 2034, (USD Billion) (Thousand Units)

  • 8.1 Key trends
  • 8.2 Direct sales
  • 8.3 Indirect sales

Chapter 9 Market Estimates & Forecast, By Region, 2021 – 2034, (USD Billion) (Thousand Units)

  • 9.1 Key trends
  • 9.2 North America
    • 9.2.1 U.S.
    • 9.2.2 Canada
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 France
    • 9.3.4 Italy
    • 9.3.5 Spain
    • 9.3.6 Russia
  • 9.4 Asia Pacific
    • 9.4.1 China
    • 9.4.2 India
    • 9.4.3 Japan
    • 9.4.4 South Korea
    • 9.4.5 Australia
  • 9.5 Latin America
    • 9.5.1 Brazil
    • 9.5.2 Mexico
  • 9.6 MEA
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 South Africa

Chapter 10 Company Profiles

  • 10.1 ArcelorMittal S.A.
  • 10.2 Hydraulic & Engineering Components Private Limited
  • 10.3 Indian Oil Corporation Limited
  • 10.4 JFE Steel Corporation
  • 10.5 Nippon Steel Corporation
  • 10.6 PAO Chelpipe
  • 10.7 PAO Severstal
  • 10.8 PAO TMK
  • 10.9 Piping Technology & Products, Inc.
  • 10.10 SSAB AB
  • 10.11 Sumitomo Metal Industries, Ltd.
  • 10.12 Tenaris S.A.
  • 10.13 United States Steel Corporation
  • 10.14 Vallourec S.A.
  • 10.15 Zhejiang Jiuli Hi-Tech Metals Co., Ltd
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Jeroen Van Heghe

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Christine Sirois

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