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Content: Fact.MR released the global seamless pipe industry forecast report. The total market value stood at USD 69.9 billion in 2025, and is predicted to hit USD 137.5 billion by 2035, with a compound annual growth rate (CAGR) of 7.0%. Downstream demand growth mainly comes from offshore oil & gas exploration, new power generation, heavy engineering machinery and cross-border infrastructure construction. High-pressure, corrosion-resistant seamless pipes will continuously replace welded pipes in critical harsh working conditions, while high-alloy stainless and duplex seamless pipes will see the fastest demand growth in the high-end segment.

Mysteel released China’s seamless steel pipe demand structure analysis.Domestic annual apparent consumption remains stable at 24–26 million tons, while export volume hit a historic high of 5.72 million tons in 2024. Downstream demand is highly concentrated: energy & chemical industry accounts for 42.1%, general machinery manufacturing accounts for 26.7%, while construction and automobile sectors take the remaining share. Facing saturated domestic demand, Chinese manufacturers are accelerating export layout for high-end precision seamless pipes to avoid domestic low-end homogenized competition.

In 2026, global seamless pipe prices show regional divergence: North America & Europe witness obvious price hikes (API carbon seamless pipe price: USD 950–1150/ton), driven by shale gas drilling recovery and European energy infrastructure investment growth. The Middle East & Latin America see strong demand for high-pressure oil casing seamless pipes. Raw material iron ore pricefluctuation, regional energy cost, geopolitical logistics restrictions and EU CBAM carbon tariffs are the four core factors affecting global seamless pipe price fluctuations this year.