October 22, 2021 04:43 ET | Source: Research and Markets Research and Markets

Dublin, Oct. 22, 2021 (GLOBE NEWSWIRE) -- The "Seamless Pipes and Tubes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Seamless Pipes and Tubes Market to Reach $218.7 Billion by 2026

The global market for Seamless Pipes and Tubes estimated at US$157.8 Billion in the year 2020, is projected to reach a revised size of US$218.7 Billion by 2026, growing at a CAGR of 5.5% over the analysis period.

Hot Finished, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$132.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cold Finished segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 45.7% share of the global Seamless Pipes and Tubes market.

The U.S. Market is Estimated at $41.6 Billion in 2021, While China is Forecast to Reach $40.1 Billion by 2026

The Seamless Pipes and Tubes market in the U.S. is estimated at US$41.6 Billion in the year 2021. The country currently accounts for a 24.87% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$40.1 Billion in the year 2026 trailing a CAGR of 7.1% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$42.6 Billion by the end of the analysis period.

Seamless pipe production capacity is largely concentrated in Asia, particularly in China. Asia Pacific market is expected to benefit mainly from increasing industrialization in the region, followed by rapid infrastructural growth. Russia, Japan, the US, and EU are other leading production centers of seamless pipes, globally.

Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS (Total 156 Featured)

4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS UNITED STATES

EUROPE FRANCE GERMANY ITALY UNITED KINGDOM SPAIN RUSSIA

REST OF EUROPE ASIA-PACIFIC AUSTRALIA INDIA

SOUTH KOREA REST OF ASIA-PACIFIC LATIN AMERICA

BRAZIL MEXICO REST OF LATIN AMERICA MIDDLE EAST

For more information about this report visit https://www.researchandmarkets.com/r/kwbf39