Report from Commodity Inside looks at global seamless steel pipe and tube market to 2028

Commodity Inside has published “A Strategic Outlook for the Global Seamless Pipe and Tube Market to 2028.” Available for a fee, the report highlights the oil and gas industry—one of the largest consumers of seamless tube and pipes, but with comparatively low demand for pipes over the past few years because of subdued oil prices. It explores the effect that the elimination of Iranian sanctions, OPEC production cuts, rising oil prices, and political and economic crises in Venezuela will have on demand.

In the OCTG sector, more complex drilling now is being used, such as drilling at a 45-degree angle. Horizontal sections also are getting longer, creating issues of pulling, compression, and weight. The report indicates that the use of alternative materials, such as aluminum and alloy, are on the rise and that carbo- fiber composites are making their way into the energy sector.

Asia is the key seamless pipe and tube market because of its rapid industrialization and infrastructural developments. China leads the seamless market as one of the largest producers, though its capacity cuts and antidumping duties on its seamless steel pipe products are expected to decreased production. Commodity Inside expects these initiatives will help improve market fundamentals in the short term.