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- Global market demand and industry status of SSAW and LSAW carbon steel pipes
Global market demand and industry status of SSAW and LSAW carbon steel pipes
The demand for SSAW (Spiral Submerged Arc Welding) and LSAW (Longitudinal Submerged Arc Welding) carbon steel pipes has been growing steadily in recent years, driven by increasing infrastructure development and construction projects around the world. These types of pipes are widely used in oil and gas pipelines, water supply networks, and other industrial applications.
According to a report by Grand View Research, the global steel pipe market size was valued at USD 654.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. The report also notes that the Asia Pacific region accounted for the largest share of the market in 2020 due to rising demand from countries such as China and India.
In terms of production, China is the largest producer and exporter of SSAW and LSAW carbon steel pipes. According to data from the World Steel Association, China's crude steel production reached 1.05 billion tonnes in 2020, accounting for over half of the world's total production. This suggests that China is likely to continue dominating the global market for SSAW and LSAW carbon steel pipes in the coming years.
Overall, the global market demand for SSAW and LSAW carbon steel pipes is expected to remain strong in the foreseeable future, driven by ongoing infrastructure development and construction activities around the world.