PUBLISHER: Verified Market Research | PRODUCT CODE: 1622726
PUBLISHER: Verified Market Research | PRODUCT CODE: 1622726
Spiral Welded Pipes And Tubes Market size was valued at USD 237.91 Billion in 2024 and is projected to reach USD 344.39 Billion by 2031, growing at a CAGR of 5.22% from 2024 to 2031. The growing investments in oil and gas production and exploration, current implementation of the new pipeline projects and improving activity in the energy sector are the factors boosting the growth of the Spiral Welded Pipes And Tubes Market. The Global Spiral Welded Pipes And Tubes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Spiral Welded Pipes And Tubes Market Definition
Spiral welded pipe and tubes are used for several applications and chosen based on the use and requirement. These pipes are employed for applications such as natural gas transmission, crude oil transmission, refined products transmission, and water transmission. Spiral welded pipe and tubes find key applications in industries such as chemicals, wastewater treatment plants, and oil & gas. These pipes and tubes are used at manufacturing and construction facilities to transport raw materials and other products from one end to another. Moreover, steel pipes find wide applications in commercial and industrial and residential distribution of water.
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Global Spiral Welded Pipes And Tubes Market Overview
The market is boosted by factors such as growing applications of spiral welded pipe in several commercial and residential purposes, mode of transportation for transferring petroleum, fuels, refined products, natural gas, chemicals, and various other substances from one place to other, growing adoption of pipeline as a primary mode of transportation for water, petroleum, fossil fuel, and refined products which are used in everyday life. The adoption of these products is high; thus, the demand for these products is constantly rising owing to growing population and consumers need. But, risk related to leakage of these pipelines rises if these pipelines are not installed properly, maintained, and fitted regularly. The proper maintenance of pipelines at regular period of time are associated with faster transfer and deliver of products at particular place.
In addition, rising number of wastewater treatment plants is increasing the demand for these pipes, as wastewater treatment plants need various pipelines by which they deliver the waste water to in-house units from various polluted sources and further these pipelines are also employed for transferring the pure water back to the rivers or water cycle. These factors are anticipated to generate lucrative opportunities in the Spiral Welded Pipes And Tubes Market.
The Global Spiral Welded Pipes And Tubes Market is segmented on the basis of Type, Application, And Geography.
Based on Type, the ERW segment is anticipated to hold largest share of the market. These pipes are employed in long distance transport pipeline systems including transmission pipelines, distribution pipelines, and gathering pipelines. ERW diameter range is from 1/8 - 6 inches with heavy and medium thickness and ERW pipes are high frequency straight seam welding pipes. ERW small and medium diameter pipes are extensively used as water pipes.
Based on Application, the Oil & Gas segment dominates the market and is expected remain the same over the forecast years. It is employed to deliver oil and gas from the source to the storage tanks or processing plants connected to single wells in the ground. Moreover, as the technologies employed in the oil & gas industry develops, the need for corrosive resistant pipes is anticipated to grow.
Based on Geography, the North American region holds a large number of shares in the market because of the growing expenditure on real estate by construction companies. Moreover, the early adoption of various innovative waste management treatments and the strong base of affluent market participants offering a wide range of products have a remarkable influence on the Welded Pipes And Tubes Market. At the same time, Europe is the next growing region in the market because of the increase in the remodeling and reconstruction of the infrastructure, mounting environmental worries, and the increased preference for cost-effective construction.