Rising oil and gas exploration activities, increased use of high seamless pipes due to their benefits such as high pressure, temperature, mechanical stress, and corrosive atmosphere, as well as the growth and expansion of various end user verticals in emerging economies, will all have a direct and positive impact on market growth. Rising expenditures for research & development by large corporations, an increase in the pace of industrialization, and a growing emphasis on technological breakthroughs and modernization in manufacturing practices will all pave the way for market expansion.