The Global Submerged Arc Welded Pipe Market Size is Estimated to be USD 15.36 Billion in 2028

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Longitudinal Submerged Arc Welded pipe can express as LSAW steel pipe. LSAW steel pipe, a type of longitudinally welded steel pipe produced by using the double sided submerged arc welding method. LSAW steel pipe are welded tubular products made out of flat plates that are formed, bent and prepared for welding. LSAW are welded with a straight seam that runs length wise across the pipe. The LSAW pipe diameter range is larger than ERW, normally from 16 inch to 60 inch, 406mm to 1500mm.

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Due to the COVID-19 pandemic, the global Submerged Arc Welded Pipe market size is estimated to be worth US$ 14.80 billion in 2021 and is forecast to a readjusted size of US$ 15.36 billion by 2028 with a CAGR of 0.96% during the review period (2022-2028).

The global key manufacturers of Submerged Arc Welded Pipe include TMK Group, Baoji Petroleum Steel Pipe, Jindal SAW, Welspun, EUROPIPE, EEW Group, SEVERSTAL and JFE Steel Corporation, etc. In 2021, the global top five players have a share approximately 37.48% in terms of value. The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Fully considering the economic change by this health crisis, LSAW Pipe accounting for 64.07% of the Submerged Arc Welded Pipe global market in 2021, is projected to value US$ 9.84 billion by 2028. While Oil & Gas segment is altered to a 0.99% CAGR throughout this forecast period (2022-2028). The end-user industries of longitudinal submerged arc welded pipe are oil & gas, Construction & Utilities, etc. The huge demand for oil & gas is expected to drive the growth of the longitudinal submerged arc welded pipe market. The replacement of ageing pipelines also increases the global demand of longitudinal submerged arc welded pipe. Due to the development of oil and gas and the needs of municipal construction, the share of LSAW Pipe in the next few years will be greater than that in the past few years.

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