Global Electric Resistance Welded (ERW) Steel Pipes and Tubes Market Report

Date: 13 July 2019

According to a research report published by Azoth Analytics in June 2019, the Global Electric Resistance Welded (ERW) Steel Pipes and Tubes Market was valued at USD 86.6 billion in the year 2018. Global ERW Steel pipes and tubes market is expected to grow mainly due to rapid urbanization in emerging economies, development of larger projects in construction, water and waste water sector along with robust industrialisation growth in automotive, oil and gas and other prominent industrial sector. 
The Azoth Analytics research report titled Global ERW Steel Pipes and Tubes Market has analysed and segmented the ERW Steel Pipes and Tubes Market by volume (Thousand Metric Tonnes) and By Value (USD Million). The report has also further analysed the ERW Steel Pipes and Tubes Market By Size (Large Diameter -Above 6 inch dia, Small Diameter – Below 6 inch dia) and By Application sector (Oil & Gas, Hydrocarbon Process, Automotive, Boiler & Heat Exchanger, Plumbing-HVAC-Fire Fighting, Structural, General Engineering, Irrigation & Water Treatment, Others). The Global ERW Steel Pipes and Tubes Market has been analysed By Region (Americas, Europe, Asia Pacific, ROW) and By Country (United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, Japan, India, South Korea) for the historical period of 2014-2018 and the forecast period of 2019-2024.
Global Electric Resistance Welded (ERW) pipes and tubes market is primarily driven by growing urbanization and major initiatives taken by the governments in developing countries for the development of construction and industrial sector. Leading Steel Pipe manufacturing companies are developing more reliable and long-lasting products which could bear more stress and load and have hard tensile strength. The demand is growing from major developing cities for the construction of infrastructure projects. 
The market condition of steel pipe and tubes have been improving gradually in most regions since late 2015, although it is uncertain how long the momentum can continue. Over the short and medium term, important headwinds include the increase in trade actions, the rising number of new capacity investments, the presence of distortive government support and subsidization has been positively experienced during historical period, which improve the market of ERW steel pipes and tubes. The Asia Pacific region holds the largest market of ERW steel pipes and tubes owing to large industrial base and construction sector and it is estimated that Asia Pacific region will continue to hold largest market share in forecasted period with highest growth rate.
Direct Forming Technology (DFT) and application of Data Science in manufacturing process of ERW steel pipes and tubes makes production more efficient and competitive. Companies equipped with these new edge technologies will likely to gain market share in the forecast period.