seamless steel pipes from the oil and gas sector i
The increasing demand for seamless steel pipes from the oil and gas sector is fueling market growth.
Market Size – USD 66.24 Billion in 2018, Market Growth - CAGR of 3.6%, Market Trends – Expansion of the construction industry in emerging nations.
NEW YORK, May 29, 2019 (GLOBE NEWSWIRE) -- The Global Seamless Steel Pipes Market is forecast to reach USD 88.06 Billion by 2026, according to a new report by Reports and Data.
Seamless steel pipes are pipes with round hollow cross sections that do not have seams. They are generally factory-made using hot working steel. One of the advantages of the pipes is its growing preference. Seamless steel pipes can sustain high pressure. Generally, in welded pipes, the points of welds are the weakest for sustaining pressure, in turn damaging the pressure resistance capability of the pipe. In contrast, seamless pipes are tougher and more pressure resistant.