Lucintel's latest market report analyzed that industrial seamless steel pipe provides attractive opportunities in the power generation, petrochemical, industrial plant processing, and automotive industries. The industrial seamless steel pipe market is expected to reach $6.2 billion by 2028 with a CAGR of 2%. In this market, hot finished seamless pipe is the largest segment by process, whereas power generation is largest by end use industry. Increasing use of premium and technically advanced pipe by dopeless technology and increasing focus on pipe strength and durability with use of cold finished seamless pipes provides strategic growth path in this market.
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Based on process, the industrial seamless steel pipe market is segmented into hot finished seamless pipe and cold finished seamless pipe. The hot finished seamless pipes segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, because of its low cost and high tolerance & crack resistance because of its low cost and high tolerance & crack resistance.
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85 – Tables
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The Industrial Seamless Steel Pipe Market is marked by the presence of several big and small players. Some of the prominent players offering industrial seamless steel pipe include Vallourec, Chelpipe, TMK, Tenaris, Baosteel, JFE Steel, US Steel, and TPCO.
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