Helical Submerged Arc Welded Pipe Market Overview
The Helical Submerged Arc Welded Pipe Market Size was estimated at 6.94 (USD Billion) in 2022. The Helical Submerged Arc Welded Pipe Industry is expected to grow from 7.29(USD Billion) in 2023 to 11.3 (USD Billion) by 2032. The Helical Submerged Arc Welded Pipe Market CAGR (growth rate) is expected to be around 4.99% during the forecast period (2024 - 2032).
Key Helical Submerged Arc Welded Pipe Market Trends Highlighted
The Helical Submerged Arc Welded Pipe Market is projected to grow significantly, driven by increasing demand from key industries such as oil and gas, transportation, and construction. The rising need for reliable and cost-effective piping solutions for transporting fluids and gases is fueling market expansion. Stricter regulations and safety standards regarding pipeline infrastructure are also contributing to the demand for helical submerged arc welded pipes.
Major market drivers include the growing adoption of helical submerged arc welding technology due to its high productivity, efficiency, and weld quality. Furthermore, the increasing focus on energy efficiency and environmental sustainability is leading to the adoption of helical pipes in renewable energy projects, such as offshore wind farms and solar thermal systems.
Recent market trends include the growing adoption of advanced manufacturing techniques, such as automated welding and non-destructive testing, to improve product quality and reduce production costs. Additionally, the emergence of new materials, such as high-strength steel and corrosion-resistant alloys, is enabling the development of pipes with enhanced performance and durability. Market players are also exploring opportunities in emerging markets with growing infrastructure development needs, such as Asia-Pacific and the Middle East.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Helical Submerged Arc Welded Pipe Market Drivers
Rising Demand for Energy Infrastructure
The rising global demand for energy is contributing to the growing construction of new power plants, pipelines, and other types of energy infrastructure. The latter requires large quantities of high-strength, corrosion-resistant pipes, which increases the demand for helical submerged arc welded pipes. Not only do they meet the requirements of the above-mentioned applications, but also they are characterized by high pressure and temperature, corrosion, and abrasion resistances.Undoubtedly, the need for energy infrastructure will continue increasing, which means that the demand for HSAW pipes will remain high in the future.
Expansion of the Oil and Gas Industry
The actual global tendency in the oil and gas industry is connected with the rapid increase of their development. This is caused by the growing demand and discovery of new oil and gas fields. A number of oil and gas projects that are being implemented and are planned result in the increasing demand for HSAW pipes. These are used to assemble oil and gas pipelines and other types of oil and gas infrastructure. In other words, the development of the oil and gas industry is expected to support the increasing demand for HSAW pipes in the future.
Increasing Adoption of Renewable Energy
The increasing adoption of renewable energy sources, such as solar and wind power, is also driving the demand for HSAW pipes. Renewable energy projects require large quantities of pipes to transport fluids and gases, and HSAW pipes are well-suited for these applications due to their strength, durability, and corrosion resistance. The growing adoption of renewable energy is expected to continue to drive the demand for HSAW pipes in the coming years.
Helical Submerged Arc Welded Pipe Market Segment Insights:
Helical Submerged Arc Welded Pipe Market Application Insights
The Global Helical Submerged Arc Welded Pipe Market has been segmented according to the application as Oil and Gas, Water Pipeline, Structural Applications, Construction Industry, Mining and others. Oil and Gas was the prominent segment accounting for the majority of the market share in 2023 and expected to dominate the market over the projected period due to the constantly growing demand for helical submerged arc welded pipe in the oil and gas industry, where the steel pipes are used for constructing pipelines to transport oil and gases. Moreover, the helical submerged arc welded pipe is used in offshore and onshore platforms and refineries employed in the oil and gas industry due to their high strength, durability and resistance to corrosion.The water pipeline is anticipated to grow the fastest over the forecast period due to the rising construction of water pipelines in developing countries and replacing existing old pipelines in developed countries. Moreover, HSAW pipes are used in water pipelines because they can easily withstand high pressure and are highly resistant to corrosion. Furthermore, the segment is followed by the structural application. Moreover, the growth in the construction industry over the projected period is expected to foster the demand for the helical submerged arc-welded pipe.However, the construction industry is followed by the mining segment, which is also expected to grow steadily over the forecast period. On the other hand, due to the rising demand for iron ore and other ores in China and other emerging countries, the mining industry is expected to experience a growing demand for HSAW pipes, which are employed in the mining industry to transport ores and minerals.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Helical Submerged Arc Welded Pipe Market Material Grade Insights
Over the forecast period, the Material Grade segment of the Global Helical Submerged Arc Welded Pipe Market is expected to witness significant growth. A number of steel grades are used in manufacturing helical submerged arc welded pipes, with such options as API 5L, API 5CT, ASTM A53, ASTM A106, and High Strength Steel being used. In 2023, API 5L was at the top of the Material Grade segment, with a share of about 32.5% of market revenues on a worldwide scale. Given their superior strength, service life, and corrosion resistance, these types of pipes are predominantly used for oil and gas transportation purposes.They offer higher wear and tear resistance. In addition, API 5CT demand is also likely to be significant throughout the forecast period. The deployment of ASTM A53 and ASTM A106 grades may be observed in many industrial applications, as they are relatively strong, weldable, and cost-effective. Helical submerged arc welded pipes can have an extended service life as they are better suited for elevated constant temperatures. The High Strength Steel grades also represent a significant trend in the Material Grade segment, as they display substantial tensile and yield strength, which allows for the development of pipes that can be subjected to greater pressure.In the upcoming years, the deployment of High Strength Steel is anticipated to rise, with some particular applications being targeted. For example, the oil and gas industry may make use of such steels both for exploration and transport purposes.
Helical Submerged Arc Welded Pipe Market Pipe Diameter Insights
The Pipe Diameter segment of the Helical Submerged Arc Welded Pipe Market is segmented into less than 16 inches, 16-24 inches, 24-36 inches and 36 inches and above. The market is expected to witness steady growth in the coming years, driven by increasing demand from industries such as oil and gas, water and wastewater, and construction. The 'Less than 16 inches' diameter segment held a significant market share in 2023, owing to its wide application in residential and commercial buildings, as well as in low-pressure pipelines. The '16-24-inch diameter segment is projected to exhibit significant growth over the forecast period, driven by rising demand for these pipes in oil and gas transportation and distribution networks.The '24-36 inches diameter segment is expected to account for a notable share of the market, primarily due to its usage in high-pressure pipelines for transporting oil, gas, and water over long distances. The '36 inches and above' diameter segment is anticipated to witness moderate growth, driven by demand for these pipes in large-scale infrastructure projects, such as power plants and water treatment facilities. Overall, the Helical Submerged Arc Welded Pipe Market is expected to exhibit steady growth, with the Pipe Diameter segment playing a crucial role in shaping the market dynamics.
Helical Submerged Arc Welded Pipe Market Wall Thickness Insights
The Helical Submerged Arc Welded Pipe Market is segmented based on Wall Thickness into standard wall, heavy wall, and extra heavy wall. The Standard Wall segment held the largest market share in 2023, accounting for over 45% of the Helical Submerged Arc Welded Pipe Market revenue. This is due to the wide range of applications for Standard Wall pipes, including in the construction, automotive, and energy industries. The heavy Wall segment is expected to grow at the highest CAGR of 5.5% during the forecast period. This growth is attributed to the increasing demand for Heavy Wall pipes in the oil and gas industry, where they are used for transporting high-pressure fluids.The extra-heavy wall segment is expected to account for a significant share of the Helical Submerged Arc Welded Pipe Market revenue by 2032. Extra Heavy Wall pipes are used in demanding applications such as offshore oil and gas exploration and production, where they can withstand high pressure and harsh environmental conditions.
Helical Submerged Arc Welded Pipe Market Coating Insights
The Helical Submerged Arc Welded Pipe Market is segmented into various sub-segments, with Coating being one of the key segments. The Coating segment is further divided into Anti-Corrosion, Fire Resistance, and High-Temperature Resistant. The Anti-Corrosion coating segment is expected to hold the largest market share in 2024 and is projected to continue its dominance throughout the forecast period. This growth is attributed to the increasing demand for Helical Submerged Arc Welded Pipes in corrosive environments, such as oil and gas pipelines, chemical processing plants, and marine applications.The Fire Resistance coating segment is also expected to witness significant growth during the forecast period, owing to the rising demand for fire-resistant materials in various industries, including construction, transportation, and manufacturing. The High-Temperature Resistant coating segment is expected to register a steady growth rate during the forecast period, driven by the increasing use of Helical Submerged Arc Welded Pipes in high-temperature applications, such as power plants, refineries, and aerospace. Overall, the Coating segment of the Helical Submerged Arc Welded Pipe Market is expected to witness robust growth in the coming years, supported by the increasing demand for these pipes in various end-use industries.
Helical Submerged Arc Welded Pipe Market Regional Insights
The Helical Submerged Arc Welded Pipe Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest market, accounting for around 35% of the global revenue in 2023, and is expected to maintain its dominance throughout the forecast period. The growth in this region can be attributed to the increasing demand for helical submerged arc welded pipes in various industries, such as oil and gas, construction, and shipbuilding. Europe is the second-largest market, accounting for around 28% of the global revenue in 2023.The growth in this region is driven by the increasing demand for helical submerged arc welded pipes in the automotive and manufacturing industries. APAC is the fastest-growing market, accounting for around 25% of the global revenue in 2023. The growth in this region is driven by the increasing demand for helical submerged arc welded pipes in the infrastructure and construction industries. South America and MEA are expected to witness moderate growth during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Helical Submerged Arc Welded Pipe Market Key Players And Competitive Insights:
Major players in the Helical Submerged Arc Welded Pipe Market industry are focusing on developing innovative products to meet the growing demand from various end-use industries. Leading Helical Submerged Arc Welded Pipe Market players are investing in research and development to improve the performance and efficiency of their products. The Helical Submerged Arc Welded Pipe Market is expected to witness significant growth in the coming years, owing to the increasing demand from the oil and gas, construction, and shipbuilding industries. The competitive landscape of the Helical Submerged Arc Welded Pipe Market is expected to remain fragmented, with a number of key players competing for market share.TMK is a leading global producer of steel pipes, and is one of the largest suppliers of Helical Submerged Arc Welded Pipe in the world. The company has a strong presence in the oil and gas industry, and its products are used in a variety of applications, including pipelines, offshore structures, and drilling equipment. TMK is committed to providing high-quality products and services and is constantly investing in research and development to improve its offerings. The company has a global network of manufacturing facilities and is able to meet the needs of customers in a variety of regions.JFE Steel is a leading Japanese steel producer, and is one of the largest suppliers of Helical Submerged Arc Welded Pipe in Asia. The company has a strong presence in the construction and shipbuilding industries, and its products are used in a variety of applications, including bridges, buildings, and ships. JFE Steel is committed to providing high-quality products and services and is constantly investing in research and development to improve its offerings. The company has a global network of manufacturing facilities and is able to meet the needs of customers in a variety of regions.
Key Companies in the Helical Submerged Arc Welded Pipe Market Include:
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ThyssenKrupp
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Welspun Corporation Limited
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POSCO
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ArcelorMittal
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Baosteel Group Corporation
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Nippon Steel Corporation
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JFE Steel Corporation
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Salzgitter AG
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China Steel Corporation
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Sumitomo Metal Industries, Ltd.
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Hebei Iron Steel Group
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Vallourec
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Shagang Group
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Maanshan Iron Steel Company Limited
Helical Submerged Arc Welded Pipe Market Industry Developments
The Helical Submerged Arc Welded Pipe Market is projected to reach USD 11.3 billion by 2032, exhibiting a CAGR of 4.99% during the forecast period. Rising demand for HSLA pipes in various industries, including oil and gas, construction, and shipbuilding, is driving market growth. Government regulations promoting the use of HSLA pipes in infrastructure projects further contribute to the market's expansion. The increasing adoption of HSLA pipes in offshore applications, such as pipelines and subsea structures, presents significant growth opportunities. Technological advancements, such as the development of new welding techniques and automation, are enhancing the efficiency and quality of HSLA pipe production. Additionally, the growing emphasis on sustainable construction is fueling demand for HSLA pipes due to their durability and recyclability.
Helical Submerged Arc Welded Pipe Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
6.94(USD Billion) |
| Market Size 2023 |
7.29(USD Billion) |
| Market Size 2032 |
11.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.99% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
ThyssenKrupp, Welspun Corporation Limited, POSCO, ArcelorMittal, Baosteel Group Corporation, Nippon Steel Corporation, JFE Steel Corporation, Salzgitter AG, China Steel Corporation, Sumitomo Metal Industries, Ltd., Hebei Iron Steel Group, Vallourec, Shagang Group, Maanshan Iron Steel Company Limited |
| Segments Covered |
Application, Material Grade, Pipe Diameter, Wall Thickness, Coating, Regional |
| Key Market Opportunities |
Growing infrastructure in oil and gas and renewable energy sectors |
| Key Market Dynamics |
Rising demand from oil and gas Growing infrastructure development Technological advancements in welding processes |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Helical Submerged Arc Welded Pipe Market was valued at 7.29 billion USD in 2023 and is expected to grow to 11.3 billion USD by 2032, at a CAGR of 4.99%.
The major regions in the Helical Submerged Arc Welded Pipe Market are North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
Helical Submerged Arc Welded Pipes are primarily used in the construction of pipelines for the transportation of oil, gas, and water. They are also used in the construction of bridges, buildings, and other structures.
The key competitors in the Helical Submerged Arc Welded Pipe Market include Vallourec, Tenaris, JFE Steel, Sumitomo Metal Industries, and Nippon Steel Sumitomo Metal Corporation.
The key trends in the Helical Submerged Arc Welded Pipe Market include the increasing demand for high-strength and corrosion-resistant pipes, the development of new and innovative welding technologies, and the growing adoption of helical pipes in the construction of offshore pipelines.
The challenges facing the Helical Submerged Arc Welded Pipe Market include the volatility of raw material prices, the intense competition from other types of pipes, and the stringent environmental regulations.
The Helical Submerged Arc Welded Pipe Market is expected to grow at a CAGR of 4.99% from 2024 to 2032.
The key factors driving the growth of the Helical Submerged Arc Welded Pipe Market include the increasing demand for oil and gas, the rising demand for infrastructure development, and the growing adoption of helical pipes in the construction of offshore pipelines.
The key opportunities for the Helical Submerged Arc Welded Pipe Market include the development of new and innovative welding technologies, the growing adoption of helical pipes in the construction of offshore pipelines, and the expansion of the market into new regions.
The key challenges for the Helical Submerged Arc Welded Pipe Market include the volatility of raw material prices, the intense competition from other types of pipes, and the stringent environmental regulations.
