Seamless steel pipe refers to a tubular product made of steel without welds. This pipe has a uniform wall without any joints or welds along the length of the pipe. Seamless tubing is used in a wide range of applications where corrosion resistance, high strength and longer product life are important. The demand for seamless tubing is closely related to the dynamics of the energy sector and manufacturing industry.
The corrosion resistance and metallurgical strength properties of seamless tubes are considered ideal for industries such as oil and gas, chemical, pharmaceutical, steam boilers, heat exchangers, etc. While seamless pipes compete with welded pipes in the oil & gas industry, increasing drilling complexity is likely to drive their consumption. The post-pandemic growth of the global seamless tubing market will be driven by improving economic conditions and revived demand in major end-use markets, coupled with the need for sustainable, lightweight, high strength, and corrosion resistance. The market demand for OCTG pipes is expected to grow strongly, driven by the revival of exploration and production activities in the oil and gas industry and greater emphasis on horizontal and directional drilling operations. Another key driver for the growth of the seamless pipe market is the growing demand from industries such as chemical, fertilizer, and pharmaceutical industries, which use boilers and other chemical processes more frequently.