Vietnam Steel Pipes and Steel Tubes Market, By Category (Seamless Pipes, Welded Pipes, Galvanized Pipes, ERW (Electric Resistance Welded) Pipes, LSAW (Longitudinal Submerged Arc Welded) Pipes, SSAW (Spiral Submerged Arc Welded) Pipes); By Material Grades (Carbon Steel, Alloy Steel, Stainless Steel, Non-Ferrous Metals (e.g., Copper, Aluminum, Titanium), Duplex & Super Duplex Stainless Steel, Nickel Alloys); By End User (Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, Construction, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
Vietnam Steel Pipes and Steel Tubes Market Booming to Surpass USD 4.13 Billion by 2030
Vietnam Steel Pipes and Steel Tubes Market is thriving due to rapid urbanization, expanding construction and infrastructure development sectors, increasing energy demand, and growing automotive production.
BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Vietnam Steel Pipes and Steel Tubes Market size by value at USD 2.40 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Steel Pipes and Steel Tubes Market size to expand at a CAGR of 8.19% reaching a value of USD 4.13 billion in 2030. Vietnam Steel Pipes and Steel Tubes Market is driven by rapid urbanization, infrastructure development, and expansion in manufacturing. Increased demand from sectors such as oil and gas transportation infrastructure and water supply infrastructure also contributes to the growth. Government policies to boost manufacturing and foreign investments in Vietnam’s industrial sector further boost market demand. Moreover, increasing exports of steel products due to Vietnam’s strong prices and production capacity enhance the growth prospects of Vietnam Steel Pipes and Steel Tubes Market.
Opportunity – Increasing Investments in R&D
Vietnam Steel Pipes and Steel Tubes Market is driven by high investments in research and development (R&D) programs. Leading companies focus on innovations to improve productivity and reduce costs. R&D efforts have been directed toward the development of high-strength, corrosion-resistant metal products to meet the growing demands of the construction, automotive, and oil and gas industries. This commitment to innovation increases the competitiveness and growth of the market in Vietnam.
Impact of Escalating Geopolitical Tensions on Vietnam Steel Pipes and Steel Tubes Market
Increased geopolitical tensions could disrupt the supply chain, escalating raw material costs for Vietnam Steel Pipes and Steel Tubes Market, as Vietnam relies on imports to produce the steel. Trade restrictions, tariffs, and restrictions can restrict access to key markets, and higher energy prices can increase production costs. In addition, uncertain global trade patterns may limit investment in infrastructure and manufacturing, key sectors driving steel demand. It could increase prices and reduce market competitiveness for Vietnamese manufacturers.
Carbon Steel Is Leading Material Grade Segment in Vietnam Market
The carbon steel segment holds the largest share of Vietnam Steel Pipes and Steel Tubes Market by material grade. Carbon steel pipes and tubes are widely used across various industries such as construction, oil and gas, water supply, and infrastructure development due to their strength, durability, and cost-effectiveness. The growing demand for infrastructure projects, coupled with industrial expansion, has driven the dominance of carbon steel pipes in the market, making it the most significant segment in terms of usage and revenue generation. The other major material grade segments in Vietnam Steel Pipes and Steel Tubes Market include Alloy Steel, Stainless Steel, Non-Ferrous Metals (e.g., Copper, Aluminum, and Titanium), Duplex & Super Duplex Stainless Steel, and Nickel Alloys.
Competitive Landscape
Vietnam Steel Pipes and Steel Tubes Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Nova Steel Corporation, Hoa Phat Group, NeonAlloys, Vietnam Nippon Steel Pipe Company Limited, Inox Đại Dương, Hoa Sen Group, and Vietnam Steel Corporation (VSC). These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Vietnam Steel Pipes and Steel Tubes Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Steel Pipes and Steel Tubes Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Vietnam Steel Pipes and Steel Tubes Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Steel Pipes and Steel Tubes Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid urbanization and industrialization
- 3.2.1.2. Growth and expansion of industrial sector
- 3.2.1.3. Government Support to promote industrial development and infrastructure investment
- 3.2.2. Restraints
- 3.2.2.1. Global steel price fluctuations
- 3.2.2.2. Competition from alternative materials
- 3.2.2.3. Increasing environmental concerns
- 3.2.3. Opportunities
- 3.2.3.1. Increasing exports to neighboring countries and other international markets
- 3.2.3.2. Investments in research and development
- 3.2.3.3. Continuous growth of Vietnam's economy and population
- 3.2.4. Challenges
- 3.2.4.1. Ensuring consistent quality standards
- 3.2.4.2. Managing the supply chain, including sourcing raw materials and ensuring timely delivery
- 3.2.4.3. Shortage of skilled labors
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Steel Pipes and Steel Tubes Market: Marketing Strategies
- 5. Vietnam Steel Pipes and Steel Tubes Market: Pricing Analysis
- 6. Vietnam Steel Pipes and Steel Tubes Market Overview
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Category
- 6.2.1.1. Seamless Pipes
- 6.2.1.2. Welded Pipes
- 6.2.1.3. Galvanized Pipes
- 6.2.1.4. ERW (Electric Resistance Welded) Pipes
- 6.2.1.5. LSAW (Longitudinal Submerged Arc Welded) Pipes
- 6.2.1.6. SSAW (Spiral Submerged Arc Welded) Pipes
- 6.2.2. By Material Grades
- 6.2.2.1. Carbon Steel
- 6.2.2.2. Alloy Steel
- 6.2.2.3. Stainless Steel
- 6.2.2.4. Non-Ferrous Metals (e.g., Copper, Aluminum, Titanium)
- 6.2.2.5. Duplex & Super Duplex Stainless Steel
- 6.2.2.6. Nickel Alloys
- 6.2.3. By End User
- 6.2.3.1. Oil & Gas
- 6.2.3.2. Chemicals & Petrochemicals
- 6.2.3.3. Automotive & Transportation
- 6.2.3.4. Mechanical Engineering
- 6.2.3.5. Power Plant
- 6.2.3.6. Construction
- 6.2.3.7. Others
- 7. Competitive Landscape
- 7.1. List of Key Players and Their Products
- 7.2. Vietnam Steel Pipes and Steel Tubes Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Development (Merger, Acquisition, Partnership)
- 8. Impact of Escalating Geopolitical Tensions on Vietnam Steel Pipes and Steel Tubes Market
- 9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- 9.1. Nova Steel Corporation
- 9.2. Hoa Phat Group
- 9.3. NeonAlloys
- 9.4. Vietnam Nippon Steel Pipe Company Limited
- 9.5. Inox Đại Dương
- 9.6. Hoa Sen Group
- 9.7. Vietnam Steel Corporation (VSC)
- 9.8. Other prominent players
- 10. Key Strategic Recommendations
- 11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam Steel Pipes and Steel Tubes Segmentation
- Figure 2 Vietnam Steel Pipes and Steel Tubes Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Steel Pipes and Steel Tubes Market Size, By Value (USD Million), 2019–2030
- Figure 5 Vietnam Steel Pipes and Steel Tubes Market Share, By Category, By Value (USD Million), 2019–2030
- Figure 6 Vietnam Steel Pipes and Steel Tubes Market Share, By Material Grades, By Value (USD Million), 2019–2030
- Figure 7 Vietnam Steel Pipes and Steel Tubes Market Share, By End User, By Value (USD Million), 2019–2030
- List of Tables
- Table 1 Vietnam Steel Pipes and Steel Tubes Market Size, By Value (USD Million), 2019–2030
- Table 2 Vietnam Steel Pipes and Steel Tubes Market Share, By Category, By Value (USD Million), 2019–2030
- Table 3 Vietnam Steel Pipes and Steel Tubes Market Share, By Material Grades, By Value (USD Million), 2019–2030
- Table 4 Vietnam Steel Pipes and Steel Tubes Market Share, By End User, By Value (USD Million), 2019–2030
- Table 5 Nova Steel Corporation Company Overview
- Table 6 Nova Steel Corporation Financial Overview
- Table 7 Hoa Phat Group Company Overview
- Table 8 Hoa Phat Group Financial Overview
- Table 9 NeonAlloys Company Overview
- Table 10 NeonAlloys Financial Overview
- Table 11 Vietnam Nippon Steel Pipe Company Limited Company Overview
- Table 12 Vietnam Nippon Steel Pipe Company Limited Financial Overview
- Table 13 Inox Đại Dương Company Overview
- Table 14 Inox Đại Dương Financial Overview
- Table 15 Hoa Sen Group Company Overview
- Table 16 Hoa Sen Group Financial Overview
- Table 17 Vietnam Steel Corporation (VSC) Company Overview
- Table 18 Vietnam Steel Corporation (VSC) Financial Overview
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