To accurately predict which industries are the main sources of increased demand for seamless tubes in 2025, it is necessary to comprehensively consider various factors such as macroeconomic, industrial policy, and technological development. Although it is difficult to give accurate quantitative forecasts, some possible demand growth points can be analyzed according to existing information and trends. Permanent Steel Manufacturing Co.,Ltd has carefully summarized the following information related to the possible increase in seamless steel tube demand:
The main factors affecting the demand for seamless tubes
Macroeconomic situation: the rate of economic growth at home and abroad, the scale of fixed asset investment, industrial structure adjustment, etc., will affect the development of downstream industries, and then affect the demand for seamless steel tubes.
National industrial policy: The country's investment and planning in areas such as energy, transportation, and infrastructure construction will directly affect the demand for seamless steel pipes in related industries.
Technological progress and industrial upgrading: the application of new technologies and new processes, as well as the industrial upgrading of downstream industries, will put forward higher requirements for the performance and quality of seamless steel tubes, and may give rise to new application areas.
International market demand: The global economic situation and the international trade environment will also affect the export volume of China's seamless steel tubes.
Industries where the incremental demand for seamless tubes may come from in 2025
1. Oil and gas industry
Global energy demand continues to grow, and oil and gas exploration and production activities remain active, which will drive the demand for seamless tubes such as oil casing and tubing.
With the development of unconventional oil and gas resources such as deep sea and shale gas, the performance requirements for seamless tubes are also getting higher and higher, such as high strength and corrosion resistance, which will promote the growth of demand for high-end seamless steel pipes.
2. Energy (excluding oil and gas)
Nuclear power construction: As a clean energy, nuclear power has received more and more attention. The construction of nuclear power plants requires a large number of seamless steel pipes for nuclear power, such as pipes for steam generators and tubes for reactor internals, which require very high quality and performance of materials.
Renewable energy: The development of renewable energy such as wind power and photovoltaic also needs to use seamless steel tubes, such as wind power tower tubes and photovoltaic brackets.
Hydrogen energy: Hydrogen energy as a clean energy, is developing rapidly. The production, storage, transportation and application of hydrogen require the use of seamless tubes, such as high-pressure hydrogen storage bottles, hydrogen pipelines, etc., which puts higher requirements on the hydrogen brittleness resistance of seamless steel tubes.
3. High-end equipment manufacturing industry
Aerospace: The aerospace field has extremely high requirements for lightweight, high strength, high temperature resistance and other properties of materials, requiring the use of high-performance seamless steel tubes.
Construction machinery: The construction machinery industry has a large demand for seamless steel tubes, such as hydraulic props, cylinders, etc., with the development of construction machinery to large-scale and intelligent direction, the performance requirements of seamless steel tubes are also getting higher and higher.
4. Automobile industry
New energy vehicles: The development of new energy vehicles has put forward higher requirements for automotive lightweight, which will promote the application of high-strength and lightweight seamless steel tubes.
Relevant data predict that the steel demand of the automotive industry in 2025 will increase by 4% year-on-year, but it should be noted that this refers to the demand for all steel, not specifically seamless steel pipes.
Auto parts: Auto parts, such as drive shafts, steering shafts, suspension systems, etc., still need to use seamless steel tubes.
5. Infrastructure construction
Urban pipe network construction: With the advancement of urbanization, the construction of urban pipe network requires a large number of water and gas pipelines, which will drive the demand for seamless steel tubes.
Underground pipe gallery construction: Underground pipe gallery construction also requires the use of a large number of seamless steel tubes.
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