Electric Resistance Welding (ERW) Pipes & Tubes Market
Increasing popularity of ERW lines and cylinders in automotives, and the broad utilization of these lines and cylinders in the structure and development industry are considered the major parameters driving the ERW pipes and cylinders market. This is provoking organizations to expand the creation of these lines and cylinders. Also, simple accessibility of crude materials is expected to support the interest for ERW lines and cylinders in the coming years. Proceeding with lockdowns, work deficiencies, versatility challenges, production network disturbances, monetary trouble and diving speculations have affected a heft of development action around the world.
Redirection of government assets from framework improvement to pandemic firefighting has also affected the development business, which is reliant generally on foundation projects.
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In some nations, all unimportant development projects have been required to be postponed except for building crisis clinics for COVID-19 consideration. Private development is getting destroyed with a large number of individuals overall drove into joblessness as organizations either fail or cutback labor force to remain above water. Joblessness rates are moving to troubling levels in both created and creating economies the same. The misfortune in shopper certainty and disintegration of family abundance and optional spending will affect basically every industry and business around the world.
Welded pipes are pipes that have welded seam across their length. Electric resistance welding (ERW) is one of the many processes of manufacturing welded metal pipes. This process is used to manufacture pipes and tubes with lower wall thickness. In ERW, a flat strip of the metal is passed through a series of rollers to mold them in a cylindrical shape. This cylindrical shaped pipe is then welded by passing a high frequency electric stream between the edges and forcing them together to make a bond. These pipes and tubes are used in various applications in industries such as building & construction, automotive, and oil & gas.
Increase in demand for ERW pipes and tubes in automotive and extensive use of these pipes and tubes in the building & construction industry are factors driving the ERW pipes & tubes market. This is prompting companies to increase the production of these pipes and tubes. Additionally, easy availability of raw materials is anticipated to boost the demand for ERW pipes and tubes in the near future.
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The global ERW pipes & tubes market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these pipes. Development of new manufacturing processes of electric resistance welding pipes & tubes and applications is estimated to propel the market. However, the threat of substitution from seamless pipes is projected to hamper the market.
Based on material, the ERW pipes & tubes market can be divided into steel, copper & alloys, nickel & alloys, and others. The steel segment of the ERW pipes & tubes market is anticipated to expand at a significant pace owing to the increase in demand from emerging economies such as India and China.
In terms of application, the ERW pipes & tubes market can be segregated into oil & gas, infrastructure & construction, power generation, automotive, engineering, and others. The oil & gas segment of the ERW pipes & tubes market is anticipated to expand at a considerable pace due to the rise in demand for these pipes in upcoming oil & gas projects across the globe.
Based on geography, the ERW pipes & tubes market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute key share of the market during the forecast period. The ERW pipes & tubes market in Asia Pacific also estimated to expand at a considerable pace owing to the increase in demand for these pipes & tubes in infrastructure & construction and automotive sectors in the region. Middle East & Africa is likely to be an attractive region of the ERW pipes & tubes market during the forecast period due to the rise in demand for these in the oil & gas industry.
Prominent players operating in the global ERW pipes & tubes market include Nippon Steel & Sumitomo Metal Corporation, Arcelormittal S.A., JFE Holdings, Inc., and Tenaris S.A.
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