Summary
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Continuous Welded Pipes and Tubes Market to Reach 29.1 Million Tons by 2030
In the changed post COVID-19 business landscape, the global market for Continuous Welded Pipes and Tubes estimated at 19.7 Million Tons in the year 2022, is projected to reach a revised size of 29.1 Million Tons by 2030, growing at a CAGR of 5% over the period 2022-2030.
The U.S. Market is Estimated at 1.6 Million Tons, While China is Forecast to Grow at 5.7% CAGR
The Continuous Welded Pipes and Tubes market in the U.S. is estimated at 1.6 Million Tons in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 13.4 Million Tons by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Select Competitors (Total 74 Featured)
- Continental Steel & Tube Company
- Garth Industrial
- JFE Steel Corporation
- MRC Global Inc
- Nippon Steel & Sumitomo Metal Corporation
- Saginaw Pipe Co., Inc.
- TIASCO Ltd
- Wheatland Tube Company
- Zhejiang Jiuli Hi-Tech Metals Co., Ltd
Table of contents
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
Year 2021 in Review and Near Term Outlook
World Economic Growth Projections (Real GDP, Annual % Change)
for 2020 through 2023
Russia Ukraine Conflict, China Lockdowns Again Threaten to
Disrupt Global Supply Chains
COVID-19-Led Economic Downturn Weighs on Construction Sector,
Impacting Demand for CW Pipes
Recovery in Construction Sector to drive Gains
Global Construction Reset & Trajectory: Growth Outlook (In %)
For Years 2019 Through 2025
Global Infrastructure Spending: Projected Infrastructure
Investment Needs (in $ Trillion) by Sector Over the Period
2016-2040
Continuous Welded Pipes and Tubes - Global Key Competitors
Percentage Market Share in 2022 (E)
Continuous Welded Pipes and Tubes Competitor Market Share
Scenario Worldwide (in %): 2020E
Continuous Welded Pipes: An Introduction
End-Uses of Continuous Weld Pipes
Outlook
Recent Market Activity
Competitive Market Presence - Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Demand for Improved Access to Potable Water to Boost CW
Pipe Consumption
Global Water Demand by End-Use (in Billion m3) for Years 2013 &
2030
Rising Need to Upgrade Existing Water Infrastructure Opens New
Opportunities
Product Quality Gains Importance
Aging Pipelines Drive Replacement Demand
Rise in Global Consumption Natural Gas to Fuel Demand for
Continuous Welded Pipes
US Natural Gas Consumption in billion cubic feet per day: 2018-
2022F
Global Primary Energy Consumption by Source (in %) for 2018 and
2040
Natural Witnesses Notable Compression Amid COVID-19
Impact of Lockdown on Natural Gas Consumption by Sector in
Belgium, France, Italy, UK, and the US
Rise in Natural Gas Prices to Impact Demand
Growth Remains Buoyant in Pressure Applications
Fire Sprinklers: An Important Market for CW Pipes
Surge in Number of High Rise Buildings Boost Prospects
Completions of 200-Meter-Plus Buildings: 2010-2021
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Continuous Welded Pipes and Tubes Market
Analysis of Annual Sales in Thousand Tons for Years 2014
through 2030
Table 2: World Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Geographic Region - USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World Markets - Independent Analysis of Annual
Consumption in Thousand Tons for Years 2022 through 2030 and %
CAGR
Table 3: World Historic Review for Continuous Welded Pipes and
Tubes by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
Table 4: World 16-Year Perspective for Continuous Welded Pipes
and Tubes by Geographic Region - Percentage Breakdown of Volume
Consumption for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets for Years
2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
Continuous Welded Pipes and Tubes Market Presence - Strong/
Active/Niche/Trivial - Key Competitors in the United States
for 2023 (E)
Market Analytics
Market Overview
Uptick in Non-Residential Construction
US Construction Spending in US$ Billion for the Period January
2014 to January 2022
United States Housing Units Starts:2015-2021 (Housing Units in
Thousands)
US Construction Spending YoY % Change in Non-residential
Building Sector: 2020 and 2021
Market Analytics
Table 5: USA Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 6: USA Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
CANADA
Table 7: Canada Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 8: Canada Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
JAPAN
Continuous Welded Pipes and Tubes Market Presence - Strong/
Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
Table 9: Japan Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 10: Japan Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
CHINA
Continuous Welded Pipes and Tubes Market Presence - Strong/
Active/Niche/Trivial - Key Competitors in China for 2023 (E)
Market Overview
Market Analytics
Table 11: China Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 12: China Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
EUROPE
Continuous Welded Pipes and Tubes Market Presence - Strong/
Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
Market Overview
EConstruction Industry in Europe - Year-on-Year (YoY) % Change
in Construction Output: 2018-2024
Table 13: Europe Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Geographic Region -
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2022 through 2030 and % CAGR
Table 14: Europe Historic Review for Continuous Welded Pipes
and Tubes by Geographic Region - France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets - Independent Analysis
of Annual Consumption in Thousand Tons for Years 2014 through
2021 and % CAGR
Table 15: Europe 16-Year Perspective for Continuous Welded
Pipes and Tubes by Geographic Region - Percentage Breakdown of
Volume Consumption for France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
FRANCE
Market Analytics
Table 16: France Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 17: France Historic Review for Continuous Welded Pipes
and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
GERMANY
Table 18: Germany Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 19: Germany Historic Review for Continuous Welded Pipes
and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
ITALY
Table 20: Italy Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 21: Italy Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
UNITED KINGDOM
Table 22: UK Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 23: UK Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
SPAIN
Table 24: Spain Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 25: Spain Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
RUSSIA
Table 26: Russia Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 27: Russia Historic Review for Continuous Welded Pipes
and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
REST OF EUROPE
Table 28: Rest of Europe Recent Past, Current & Future Analysis
for Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 29: Rest of Europe Historic Review for Continuous Welded
Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
Table 30: Asia-Pacific Recent Past, Current & Future Analysis
for Continuous Welded Pipes and Tubes by Geographic Region -
India, South Korea and Rest of Asia-Pacific Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2022 through 2030 and % CAGR
Table 31: Asia-Pacific Historic Review for Continuous Welded
Pipes and Tubes by Geographic Region - India, South Korea and
Rest of Asia-Pacific Markets - Independent Analysis of Annual
Consumption in Thousand Tons for Years 2014 through 2021 and %
CAGR
Table 32: Asia-Pacific 16-Year Perspective for Continuous
Welded Pipes and Tubes by Geographic Region - Percentage
Breakdown of Volume Consumption for India, South Korea and Rest
of Asia-Pacific Markets for Years 2014, 2023 & 2030
INDIA
Continuous Welded Pipes and Tubes Market Presence - Strong/
Active/Niche/Trivial - Key Competitors in India for 2023 (E)
Market Overview
Market Analytics
Table 33: India Recent Past, Current & Future Analysis for
Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 34: India Historic Review for Continuous Welded Pipes and
Tubes by Segment - Continuous Welded Pipes and Tubes Markets -
Independent Analysis of Annual Consumption in Thousand Tons for
Years 2014 through 2021 and % CAGR
SOUTH KOREA
Table 35: South Korea Recent Past, Current & Future Analysis
for Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 36: South Korea Historic Review for Continuous Welded
Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
REST OF ASIA-PACIFIC
Table 37: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Continuous Welded Pipes and Tubes by Segment -
Continuous Welded Pipes and Tubes - Independent Analysis of
Annual Consumption in Thousand Tons for the Years 2022 through
2030 and % CAGR
Table 38: Rest of Asia-Pacific Historic Review for Continuous
Welded Pipes and Tubes by Segment - Continuous Welded Pipes and
Tubes Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
LATIN AMERICA
Table 39: Latin America Recent Past, Current & Future Analysis
for Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 40: Latin America Historic Review for Continuous Welded
Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
REST OF WORLD
Market Analytics
Table 41: Rest of World Recent Past, Current & Future Analysis
for Continuous Welded Pipes and Tubes by Segment - Continuous
Welded Pipes and Tubes - Independent Analysis of Annual
Consumption in Thousand Tons for the Years 2022 through 2030
and % CAGR
Table 42: Rest of World Historic Review for Continuous Welded
Pipes and Tubes by Segment - Continuous Welded Pipes and Tubes
Markets - Independent Analysis of Annual Consumption in
Thousand Tons for Years 2014 through 2021 and % CAGR
IV. COMPETITION
Methodology
Our market research methodology is designed to provide the clients with comprehensive and accurate information
on various
industries and markets. It includes data collection, primary interviews, macro-economic factor analysis,
country-level data
analysis etc.
The data is gathered from a wide range of sources, including industry reports, government statistics, and
company financials.
This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary
interviews are conducted
with industry experts and key stakeholders to gather their insights and perspectives on the market. This
information is then
combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis
is also carried
out to understand the impact of external factors on the market. Finally, country-level data analysis is
performed to
understand the market dynamics in specific regions and countries.
Reportlinker's market research methodology is designed to provide clients with a clear understanding of the
market, its trends,
and its future potential.
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