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DUBLIN , Sept. 19, 2022 /PRNewswire/ -- The "Electric Resistance Welded (ERW) Pipes and Tubes - Global Market Trajectory & Analytics" report has been added to  ResearchAndMarkets.com's offering.

Global Electric Resistance Welded (ERW) Pipes and Tubes Market to Reach 85.3 Million Tons by 2026

Growth in the ERW line pipes is expected to increase driven by the plans of major oil & gas, fertilizer and power companies to establish cross-country line pipes. Recovery in oil and gas prices and resurgence in drilling budgets is expected to encourage growth opportunities for OCTG and Line pipes worldwide.

Rising investments in sectors such as power generation and automotive and increasing government investments in infrastructure projects such as water and sewage systems promote market expansion. As raising the strength of the pipe allows for reduction in wall thickness and weight of the pipe, manufacturers continue to explore various methods to improve the strength and performance of pipeline steels.

Amid the COVID-19 crisis, the global market for Electric Resistance Welded (ERW) Pipes and Tubes estimated at 67.3 Million Tons in the year 2022, is projected to reach a revised size of 85.3 Million Tons by 2026, growing at a CAGR of 5.5% over the analysis period.

The U.S. Market is Estimated at 5.6 Million Tons in 2022, While China is Forecast to Reach 27.2 Million Tons by 2026 The Electric Resistance Welded (ERW) Pipes and Tubes market in the U.S. is estimated at 5.6 Million Tons in the year 2022. The country currently accounts for a 8.28% share in the global market. China , the world's second largest economy, is forecast to reach an estimated market size of 27.2 Million Tons in the year 2026 trailing a CAGR of 6% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 3.8% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach 29 Million Tons by the end of the analysis period.

Structural Steel Pipes & Tubing Segment to Reach 19.5 Million Tons by 2026 Structural Steel Pipes & Tubing segment is expected to witness heightened demand due to surge in number of high rise buildings, particularly in emerging economies. Structural tubes are used in high-rise buildings to enable them to resist lateral loads from wind, and seismic pressures

For more information about this report visit https://www.researchandmarkets.com/r/srvai4

Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com   

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