Report Overview

Europe Seamless Steel Pipes and Tubes Market - Industry Trends & Forecast Report, 2029

Europe seamless steel pipes and tubes market size was estimated at USD 6,181.79 million in 2022, during the forecast period between 2023 and 2029. Europe seamless steel pipes and tubes market size is projected to grow at a CAGR of 4.16% reaching a value of USD 8,202.85 million by 2029. The primary factor fueling the expansion of the market for seamless steel pipes is the rising demand for seamless pipes in the oil & gas sector across Europe. Also, it is expected that the expansion of offshore spending and recent oilfield finds would offer the market's players significant growth prospects.

Europe Seamless Steel Pipes and Tubes Market - Overview

To make a seamless steel pipe, a heated, solid-shaped steel "billet" is pushed over a form and shaped into a hollow tube. The seamless pipe is made of solid circular billets with no soldering or joints. The seamless pipe is finished to specific dimensions and pipe diameter standards, and it is available in sizes ranging from 1/8 inch to 26-inch OD. High-pressure applications include oil exploration and drilling, oil and gas transportation, air and hydraulic cylinders, bushings, boilers, and the automobile industry. The seamless stainless pipe is frequently used in pressure-requiring applications, such as processing equipment, water purification, and maritime industries.

Growth Drivers

Demand from Growing Oil & Gas Sector

Oil & gas industry's rising demand for the product is the main factor driving the market's expansion. Industrial boiler applications employ it more frequently because of its higher robustness. Leading boiler producer Nippon Steel claims that to lower overall carbon dioxide emissions and safeguard the environment internationally, seamless steel pipes with exceptional efficiency are required. High-efficiency industrial waste incineration boilers, pressurized fluidized bed boilers, heat recovery steam generators, and gas turbine combined cycles are just a few of its many applications.

Steel tubes and pipes have been in high demand for use in the circumstances to maintain high quality and performance. Seamless pipes are chosen over other forms due to their strength, durability, and ability to resist corrosion. Increasing demand coming from the oil and gas industry. The demand for efficient oil production is growing along with oil prices, necessitating investment in cutting-edge infrastructure.

Massive Urban Rebuilding & Redevelopment Projects in Türkiye and Ukraine

Major companies in Europe seamless steel pipes and tubes market are expected to gain from significant opportunities provided by the massive infrastructure projects in earthquake-hit Türkiye and war-ravaged Ukraine.

On February 06, 2023, a 7.8-magnitude of earthquake hit Türkiye and Syria, killing tens of thousands of people and severely damaging infrastructure in cities and villages across its fault line. The President of Türkiye announced that the government would engage in a comprehensive construction program to rebuild cities with safety and sustainability. Analysts estimated that the urban redevelopment across Türkiye posts the earthquake would provide huge opportunities for the construction and related industries in a total investment of more than USD 250 billion.

Russia’s war in Ukraine has been continuing for more than a year now. Consequently, infrastructure across Ukraine has been severely damaged. In September 2022, Ukraine government, the European Commission, and the World Bank, along with their partners estimated the cost of Ukraine’s reconstruction and recovery would be about USD 350 billion. As the war continues, the cost is anticipated to escalate.

Massive redevelopment and recovery projects in Türkiye and Ukraine are expected to provide lucrative growth opportunities for construction and supplementary industries. It, in turn, is projected to aid the growth of Europe seamless steel pipes and tubes market during the forecast period between 2023 and 2029 and beyond.

Restraints

Highly Volatile Raw Material Prices

Seamless steel pipes are made of structural steel, either carbon, low-alloy, or alloy, and are most frequently used as a structural component for the transportation of fluids. Steel companies were forced to close due to the COVID-19 epidemic, which affected the availability and output of steel. Prices for raw materials have also been significantly impacted by the reduced supply. The oil and gas, automobile, and construction industries have all recognized a need for steel. Unfortunately, rising raw material prices prevented the supply of steel from keeping up with the rising demand. One of the world's biggest producers of steel, China, imposed substantial export taxes on a variety of basic materials. Expenses will rise as a result of volatile raw material prices.

Impact of COVID-19 on Europe Seamless Steel Pipes and Tubes Market

The market is significantly impacted by the oil and gas sector. Throughout the pandemic, the sector suffered as a result of the conflict over oil prices and COVID-19's consequences. The start of the oil price war was triggered by the breakdown of the production cut agreement. Due to travel restrictions and a slowdown in industrial activity brought on by COVID-19, demand for chemicals and refined products decreased. The market for seamless steel pipes was impacted as a result of the oil and gas industry cutting back on operating and capital expenditures. Nonetheless, market expansion is expected to occur gradually over time.

Europe Seamless Steel Pipes and Tubes Market

Segmental Coverage

Europe Seamless Steel Pipes and Tubes Market - By Technology

Europe seamless steel pipes and tubes market is divided into Seamless, ERW, and SAW. In terms of volume, seamless segment dominates the market. Seamless steel products are made from billets that have been perforated and heated to form a tubular section. Such products have no seam welds. Oil & gas, power generation, chemicals &petrochemicals, and engineering industries use seamless pipes and tubes.

The oil & gas industry dominates the seamless steel pipes and tubes market. Tubular products that can withstand high pressure, corrosive atmosphere, pressure, and mechanical stress are required by the oil and gas industry. As a result, these products are used for a variety of applications in the oil and gas industry, including upstream (Oil Country Tubular Goods (OCTG)), midstream (transmission & distribution of oil, gas, fluids, acids, steam, and slurries), and downstream (petroleum: process piping to refine oil & gas).

Europe Seamless Steel Pipes and Tubes Market - By Application

Based on application, Europe seamless steel pipes and tubes market is divided into Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, Construction, and Others. The oil & gas segment held the leadership position in the market in 2022. Due to the wide range of uses for the products in the oil & gas industry, including OCTG, transportation, and process pipes for turning crude oil into petroleum products, the segment will continue to hold the top spot over the projection years.

Rapid industrialization and urbanization and growing population and manufacturing sector are all expected to boost the growth of construction industry.

Europe Seamless Steel Pipes and Tubes Market - By Country

Europe seamless steel pipes and tubes market covers Germany, UK, Italy, France, Spain, the Netherlands, and Rest of Europe. Germany is expected to record rapid growth in the market. The housing market in Germany has witnessed significant changes, which are related to geographic market expansion. Young people are moving to cities in search of education and a way of life, signaling a huge transformation. As a result, the need for low-cost, target-group-focused living spaces is growing in cities, which is driving up demand for modular construction nationwide. It is expected that rising construction investments will increase Germany's revenue. Nonetheless, due to growing investment in the UK's modular building sector, the prefabricated industry is expected to expand quickly in the next years. Legal & General, Homes, and other companies have revealed intentions to construct hundreds or perhaps thousands of modular homes every year.

Competitive Landscape

Major players in Europe seamless steel pipes and tubes market include ArcelorMittal, United States Steel, Nippon Steel Corporation, Tata Steel, Jindal Steel & Power Ltd. (JSPL), Rama Steel Tubes Limited, and Steel Authority of India Limited. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Technology

• Seamless

• ERW

• SAW

By Application

• Oil & Gas

• Chemicals & Petrochemicals

• Automotive & Transportation

• Mechanical Engineering

• Power Plant

• Construction

• Others

By Country

• Germany

• UK

• Italy

• France

• Spain

• Netherlands

• Rest of Europe

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Europe Seamless Steel Pipes and Tubes Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Developments in Oil & Gas industry
         2. Increasing Oil & Gas Production
      2. Restraints
         1. Volatility in Raw Material Price
      3. Opportunities
         1. Rising Awareness of the Benefits of Carbon and Steel Pipes
      4. Challenges
         1. Stringent Government Regulations
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Europe Seamless Steel Pipes and Tubes Market Overview
   1. Market Technology & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
         1. Seamless
         2. ERW
         3. SAW
      2. By Application
         1. Oil & Gas
         2. Chemicals & Petrochemicals
         3. Automotive & Transportation
         4. Mechanical Engineering
         5. Power Plant
         6. Construction
         7. Others
      3. By Country
         1. Germany
         2. UK
         3. Italy
         4. France
         5. Spain
         6. Netherlands
         7. Rest of Europe
5. Germany Seamless Steel Pipes and Tubes Market
   1. Market Technology & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Application
6. UK Seamless Steel Pipes and Tubes Market
   1. Market Technology & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Application
7. Italy Seamless Steel Pipes and Tubes Market
   1. Market Technology & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Application
8. France Seamless Steel Pipes and Tubes Market
   1. Market Technology & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Application
9. Spain Seamless Steel Pipes and Tubes Market
   1. Market Technology & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Application
10. Netherlands Seamless Steel Pipes and Tubes Market
    1. Market Technology & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Technology
       2. By Application
11. Rest of Europe Seamless Steel Pipes and Tubes Market
    1. Market Technology & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Technology
       2. By Application
12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Seamless Steel Pipes and Tubes Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Covid-19 on Europe Seamless Steel Pipes and Tubes Market
14. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. ArcelorMittal
    2. United States Steel
    3. Nippon Steel Corporation
    4. Tata Steel
    5. Jindal Steel & Power Ltd. (JSPL)
    6. Rama Steel Tubes Limited
    7. Steel Authority of India Limited
    8. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
    1.  Qualitative Research
       1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Europe Seamless Steel Pipes and Tubes Segmentation    

Figure 2       Europe Seamless Steel Pipes and Tubes Market Value Chain Analysis   

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029 

Figure 5       Europe Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029 

Figure 6       Europe Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029 

Figure 7       Europe Seamless Steel Pipes and Tubes Market Share, By Country, By Value, 2019–2029 

Figure 8       Germany Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029 

Figure 9       Germany Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029

Figure 10     Germany Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029 

Figure 11     UK Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029  

Figure 12     UK Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029 

Figure 13     UK Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029 

Figure 14     Italy Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029  

Figure 15     Italy Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029 

Figure 16     Italy Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029 

Figure 17     France Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029 

Figure 18     France Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029 

Figure 19     France Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029 

Figure 20     Spain Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029  

Figure 21     Spain Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029 

Figure 22     Spain Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029 

Figure 23     Netherlands Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029 

Figure 24     Netherlands Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029

Figure 25     Netherlands Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029

Figure 26     Rest of Europe Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029       

Figure 27     Rest of Europe Seamless Steel Pipes and Tubes Market Share, By Technology, By Value, 2019–2029

Figure 28     Rest of Europe Seamless Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1 Europe Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 2 Europe Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 3 Europe Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 4 Europe Seamless Steel Pipes and Tubes Market Size, By Country, By Value, 2019–2029

Table 5 Germany Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 6 Germany Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 7 Germany Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 8 UK Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 9 UK Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 10      UK Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 11      Italy Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 12      Italy Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 13      Italy Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 14      France Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 15      France Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 16      France Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 17      Spain Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 18      Spain Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 19      Spain Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 20      Netherlands Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 21      Netherlands Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 22      Netherlands Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 23      Rest of Europe Seamless Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2029

Table 24      Rest of Europe Seamless Steel Pipes and Tubes Market Size, By Technology, By Value, 2019–2029

Table 25      Rest of Europe Seamless Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2029

Table 26      ArcelorMittal Company Overview

Table 27      ArcelorMittal Financial Overview

Table 28      United States Steel Company Overview

Table 29      United States Steel Financial Overview

Table 30      Nippon Steel Corporation Company Overview

Table 31      Nippon Steel Corporation Financial Overview

Table 32      Tata Steel Company Overview

Table 33      Tata Steel Financial Overview

Table 34      Jindal Steel & Power Ltd. (JSPL) Company Overview

Table 35      Jindal Steel & Power Ltd. (JSPL) Financial Overview

Table 36      Rama Steel Tubes Limited Company Overview

Table 37      Rama Steel Tubes Limited Financial Overview

Table 38      Steel Authority of India Limited Company Overview

Table 39      Steel Authority of India Limited Financial Overview