Steel Pipes And Tubes Market Size, Share, Growth Analysis, By Technology(Seamless, ERW, SAW), By Application(Oil & gas, Chemicals, petrochemicals, Automotive & transportation), By Material(Alloy Steel, Black Steel, Carbon Steel, Iron Steel), By Type(Line, Standard, Structural), By Region - Industry Forecast 2024-2031


Report ID: SQSG15O2004 | Region: Global | Published Date: April, 2024
Pages: 157 |Tables: 125 |Figures: 77

Steel Pipes And Tubes Market Insights

Global Steel Pipes And Tubes Market size was valued at USD 160.6 Billion in 2019 and is poised to grow from USD 170.72 Billion in 2023 to USD 278.32 Billion by 2031, at a CAGR of 6.3% during the forecast period (2024-2031).

Water, oil, gas, propane, and other gases are primarily transported using steel pipes. As a result, the pressure rating is significant, and the outside and inside diameter is the key measurement. Steel tubes are an anti-corrosion and rust-free application of iron and steel in a specific niche. The primary use of steel tubes is for structural purposes, like scaffolding. In applications where precise outside diameters are required, they are frequently used. Because it indicates how much the tube can hold, the outside diameter is crucial. Demand for steel pipes and tubes is also rising as a result of new and upcoming oil and natural gas projects. Petrochemicals are necessary for the operation of wind turbines, batteries, medical devices, plastics, detergents, packaging, and tyres. As a result of petrochemical plants using steel pipes and tubes, demand for these products is increasing. Additionally, steel tubes and pipes are used in automotive applications, including tubes for diesel spark plugs, engine block heating, diesel particulate filters, and many more. In addition, governments of numerous developing economies are heavily investing in the development of infrastructure. Rapid industrialization and population growth have led to an increase in the sales of homes, properties, and construction expenditures and hence are expected to positively impact the market expansion during the upcoming years.

US Steel Pipes And Tubes Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 160.6 Billion

Largest Segment

Seamless

Fastest Growth

ERW

Growth Rate

6.3% CAGR

Global Steel Pipes and Tubes Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)

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Steel Pipes And Tubes Market Segmental Analysis

Global Steel Pipes and Tubes Market is segmented on the basis of technology, application, material, type, and region. According to technology, Steel Pipes and Tubes Market is segmented into Seamless, ERW, and SAW. According to application, Steel Pipes and Tubes Market is categorized into oil & gas, chemicals, and petrochemicals, Automotive & transportation, Mechanical engineering, Power plant, Construction, and others. By material, the Steel Pipes and Tubes Market is segmented into alloy steel, black steel, carbon steel, iron steel, mild steel, and stainless steel. By type, the Steel Pipes and Tubes Market is segmented into line, standard, and structural. Based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Steel Pipes and Tubes Market Analysis by Technology

Seamless segment dominated the market in 2021. Products made of seamless steel are produced from billets that have been perforated and heated to form the tubular section. In such items, there are no seam welds. Oil & gas, power generation, chemicals & petrochemicals, and engineering are just a few industries that use seamless pipes & tubes. The seamless technology market is dominated by the oil and gas industry. Tubular products that can withstand high pressure, corrosive atmosphere, pressure, and mechanical stress are required by the oil and gas industry. Thus, these products are employed in a variety of upstream, midstream, and downstream operations in the oil and gas industry.

Electric Resistance Welded (ERW) is expected to show prominent growth during the forecast period. This can be attributed to their affordable prices and moderate performance. High-frequency welding is one of the contemporary welding techniques that is increasingly being used in the production of ERW pipes and tubes, and it is a key factor in the segment's expansion.

Steel Pipes and Tubes Market Analysis by Application

Oil and gas segment dominated the global steel pipes and tubes market and accounted for the largest revenue share. Due to the wide variety of uses for the products in the oil and gas industry, including OCTG, transportation, and process piping for turning crude oil into petroleum products, the segment will continue to hold the leading position over the forecast years.

Chemical and petrochemical segment is anticipated to register the highest CAGR during the forecast period. Due to their qualities, such as strong corrosion and oxidation resistance, steel pipes and tubes are being used more and more in petrochemical plants for process refining. Additionally, they can withstand pressures of various intensities.

Global Steel Pipes and Tubes Market By Technology, 2021 (%)

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Steel Pipes And Tubes Market Regional Insights

Asia‑Pacific region held the highest share in the Global Steel Pipes and Tubes Market in 2021 and is expected to maintain its dominance during the forecast period. Additionally, Asia Pacific steel pipes and tubes market is expected to grow at the fastest CAGR during the forecast period. This can be attributed rising product consumption in the region. Due to the region's extensive manufacturing, petroleum, and petrochemical industries, China, Japan, South Korea, Southeast Asia, and India are the main product consumers.

North America held the second largest market share in 2021 and is expected to witness steady growth during the forecast period. This can be attributed to the robust growth of the U.S. economy and high business confidence brought about by the government-led fiscal stimulus, the demand for steel pipes increased. This caused the region's manufacturing activity to soar and oil and gas production to surge. The market is growing as a result of the pipeline network expansion, an increase in energy and infrastructure projects, rising demand for steel tubes in the automotive industry, and increased capacity for power plant installation.

Global Steel Pipes and Tubes Market By Geography, 2021-2028
  • Largest
  • Fastest

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Steel Pipes And Tubes Market Dynamics

Steel Pipes and Tubes Market Driver

Rising Demand from Transportation Sector

  • Steel pipes have a variety of properties, including high dependability and corrosion resistance. Steel pipes are the preferred material for many construction projects, including home and business construction. Steel pipes are also in high demand because they are more commonly used in industrial applications and are less expensive than traditional pipes and tubing.
  • The rising demand for steel tubing in the building and construction sector is one of the primary drivers of the steel pipe and tubes market's expansion. The low or no maintenance costs of steel tubes are a significant contributor to the growth of the steel tubes industry.

Steel Pipes and Tubes Market Restraint

High Cost and Availability of Alternatives to Hamper Market Growth

  • Pipes, despite being made of low-cost materials, are more expensive to transport due to their weight. As a result, the global market for steel tubes and pipes is expected to grow more slowly. Transportation accounts for roughly half of all administrative and logistical costs for pipes. Typically, 50% of pipes are transported by road, and in some areas, the cost of shipping pipes can be greater than the cost of production if the material is trucked more than 20 miles
  • Although demand is increasing across a number of industries, the presence of alternatives can impede market expansion. These alternatives include plastic pipes made of UPVC, HDPE, Polypropylene, and Polyethylene because these substances are strong, lightweight, and corrosion-resistant.

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Steel Pipes And Tubes Market Competitive Landscape

Global Steel Pipes and Tubes Market is competitive and fragmented. Major Players include ArcelorMittal, United States Steel, Nippon Steel Corporation, Tata Steel, Jindal Steel & Power Ltd. (JSPL) among others. Manufacturers of steel pipes and tubes are implementing cutting-edge techniques to enhance the performance characteristics of steel tubes and stop them from oxidising and rusting. The market has solid partnerships throughout the entire value chain and places a high priority on innovations. Manufacturers are working hard to strategically partner with end users and regional distributors in order to satisfy the needs of a growing consumer base.

Steel Pipes and Tubes Market Top Player's Company Profiles

  • ArcelorMittal (Luxembourg)
  • Nippon Steel Corporation (Japan)
  • POSCO (South Korea)
  • China Baowu Steel Group Corporation Limited (China)
  • JFE Holdings, Inc. (Japan)
  • Tata Steel Limited (India)
  • United States Steel Corporation (US)
  • Nucor Corporation (US)
  • Tenaris S.A. (Luxembourg)
  • Vallourec S.A. (France)
  • thyssenkrupp AG (Germany)
  • Marubeni-Itochu Steel Inc. (Japan)
  • AK Steel Holding Corporation (US)
  • SeAH Holdings Corp. (South Korea)
  • Jiangsu Shagang Group Co., Ltd. (China)
  • EVRAZ plc (UK)
  • Sumitomo Corporation (Japan)
  • TMK Group (Russia)
  • Ratnamani Metals & Tubes Ltd. (India)
  • Wheatland Tube Company (US)

Steel Pipes and Tubes Market Recent Developments

  • In October 2022, The Saudi Arabian energy company McDermott Arabia Company Limited (MACL) and Saudi pipe manufacturer Arabian Pipes Company (APC) have signed a supply agreement for steel pipes worth about $120 million. According to the agreement, Arabian Pipes Company will provide oil and gas pipes to MACL for a maximum of 12 months.
  • In September 2022, with an investment of over $266.3 million, Seah Gulf Special Steel, a joint venture between the Korean company SeAH Changwon Integrated Special Steel Corporation and the Saudi industrial investments firm Dussur, announced it had signed an industrial land allocation agreement with King Salman Energy City (Spark) to build a new steel pipe factory in Dammam.

Steel Pipes And Tubes Key Market Trends

  • Global Steel Pipes and Tubes Market to Gain Traction due to Rapid Innovations

The market has seen a large influx of new businesses offering top-notch goods and innovations. Steel tube producers have a big chance to change how they do business by incorporating technology. This will enable them to improve operational efficiency, customer satisfaction, inventory levels, and profit margin. Emerging businesses use advanced heat treatment techniques to produce steel, addressing issues with energy efficiency and personalising product qualities. For instance, an American steel production company, Nucor Corporation, recently acquired a minority equity position in Trion Coatings, the parent company, in order to take advantage of its eco-friendly chrome plating technology and improve the finishing and other qualitative aspects of its steel tubes. The business aims to enhance the finishing of steel products, including steel tubes, without endangering the environment by incorporating chrome plating technology.

Steel Pipes And Tubes Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Steel Pipes and Tubes Market analysis, an increase in oil and gas production because of demand from the transportation sector. The main consumer for steel pipes and tubes is the oil and gas industry. In this sector, gas and liquid are transported using steel pipes. In terms of technology, seamless tubes segment is leading the market. The rapid expansion in the construction of new transmission pipelines is anticipated to increase the utilisation of these pipes, since seamless pipes are the main component of these pipelines. Additionally, the rising demand for structural steel products in developing markets is predicted to favour ERW pipe adoption. Target markets for ERW steel pipes include newer industries like urban infrastructure, building, metros, piped gas distribution, fire safety segments, shopping centres, airports, and commercial passenger vehicles.

Report Metric Details
Market size value in 2023 USD 160.6 Billion
Market size value in 2031 USD 278.32 Billion
Growth Rate 6.3%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Seamless, ERW, SAW
  • Application
    • Oil & gas, Chemicals, petrochemicals, Automotive & transportation, Mechanical engineering, Power plant, Construction, others
  • Material
    • Alloy Steel, Black Steel, Carbon Steel, Iron Steel, Mild Steel, Stainless Steel
  • Type
    • Line, Standard, Structural
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ArcelorMittal (Luxembourg)
  • Nippon Steel Corporation (Japan)
  • POSCO (South Korea)
  • China Baowu Steel Group Corporation Limited (China)
  • JFE Holdings, Inc. (Japan)
  • Tata Steel Limited (India)
  • United States Steel Corporation (US)
  • Nucor Corporation (US)
  • Tenaris S.A. (Luxembourg)
  • Vallourec S.A. (France)
  • thyssenkrupp AG (Germany)
  • Marubeni-Itochu Steel Inc. (Japan)
  • AK Steel Holding Corporation (US)
  • SeAH Holdings Corp. (South Korea)
  • Jiangsu Shagang Group Co., Ltd. (China)
  • EVRAZ plc (UK)
  • Sumitomo Corporation (Japan)
  • TMK Group (Russia)
  • Ratnamani Metals & Tubes Ltd. (India)
  • Wheatland Tube Company (US)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Steel Pipes And Tubes Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Steel Pipes And Tubes Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Steel Pipes And Tubes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Steel Pipes And Tubes Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Steel Pipes And Tubes Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Steel Pipes And Tubes Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Steel Pipes And Tubes Market size was valued at USD 160.6 Billion in 2019 and is poised to grow from USD 170.72 Billion in 2023 to USD 278.32 Billion by 2031, at a CAGR of 6.3% during the forecast period (2024-2031).

Steel Pipes and Tubes Market is competitive and fragmented. Major Players include ArcelorMittal, United States Steel, Nippon Steel Corporation, Tata Steel, Jindal Steel & Power Ltd. (JSPL) among others. Manufacturers of steel pipes and tubes are implementing cutting-edge techniques to enhance the performance characteristics of steel tubes and stop them from oxidising and rusting. The market has solid partnerships throughout the entire value chain and places a high priority on innovations. Manufacturers are working hard to strategically partner with end users and regional distributors in order to satisfy the needs of a growing consumer base. 'ArcelorMittal (Luxembourg) ', 'Nippon Steel Corporation (Japan) ', 'POSCO (South Korea) ', 'China Baowu Steel Group Corporation Limited (China)', 'JFE Holdings, Inc. (Japan)', 'Tata Steel Limited (India)', 'United States Steel Corporation (US)', 'Nucor Corporation (US)', 'Tenaris S.A. (Luxembourg)', 'Vallourec S.A. (France)', 'thyssenkrupp AG (Germany)', 'Marubeni-Itochu Steel Inc. (Japan)', 'AK Steel Holding Corporation (US)', 'SeAH Holdings Corp. (South Korea)', 'Jiangsu Shagang Group Co., Ltd. (China)', 'EVRAZ plc (UK)', 'Sumitomo Corporation (Japan)', 'TMK Group (Russia)', 'Ratnamani Metals & Tubes Ltd. (India)', 'Wheatland Tube Company (US)'

Steel pipes have a variety of properties, including high dependability and corrosion resistance. Steel pipes are the preferred material for many construction projects, including home and business construction. Steel pipes are also in high demand because they are more commonly used in industrial applications and are less expensive than traditional pipes and tubing.

Steel Pipes and Tubes Market to Gain Traction due to Rapid Innovations

Asia‑Pacific region held the highest share in the Steel Pipes and Tubes Market in 2021 and is expected to maintain its dominance during the forecast period. Additionally, Asia Pacific steel pipes and tubes market is expected to grow at the fastest CAGR during the forecast period. This can be attributed rising product consumption in the region. Due to the region's extensive manufacturing, petroleum, and petrochemical industries, China, Japan, South Korea, Southeast Asia, and India are the main product consumers.

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