Steel Pipes & Tubes Market Forecasts to 2030 – Global Analysis By Product Type (Stainless Steel Pipes, Welded Pipes, Seamless Pipes, Alloy Steel Pipes, Carbon Steel Pipes and Other Product Types), Technology, Application, End User and By Geography

Steel Pipes & Tubes Market Forecasts to 2030 – Global Analysis By Product Type (Stainless Steel Pipes, Welded Pipes, Seamless Pipes, Alloy Steel Pipes, Carbon Steel Pipes and Other Product Types), Technology, Application, End User and By Geography


According to Stratistics MRC, the Global Steel Pipes & Tubes Market is accounted for $133.2 billion in 2023 and is expected to reach $229.7 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Steel pipes and tubes are cylindrical hollow structures made primarily from steel, designed to convey fluids and gases in various industries such as construction, oil and gas, automotive, and manufacturing. These pipes and tubes are manufactured through processes like welding, seamless extrusion, or casting, ensuring durability and strength. They come in a variety of sizes, diameters, and thicknesses to accommodate different applications, ranging from structural support to fluid transportation. Steel pipes and tubes are integral components in modern infrastructure and industrial systems.

According to EBC in November 2023, natural gas production reached 157.99 million cubic meters per day, reflecting a 6.9 percent month-on-month increase and a substantial 10.4 percent rise compared to September 2022.

Market Dynamics:

Driver:

Rising infrastructure development

With increasing urbanization and industrialization, there's a growing demand for steel pipes and tubes across various sectors such as construction, oil & gas, and water treatment. This trend is driven by the durability, strength, and versatility offered by steel pipes, making them essential components in infrastructure projects ranging from pipelines to structural frameworks. Therefore, the market is witnessing a surge in infrastructure development, fueled by burgeoning construction activities globally.

Restraint:

Substitution threats

Substitution threats arise primarily from alternative materials such as plastic, copper, and aluminum piping solutions. These substitutes offer lower costs, better corrosion resistance, or lighter weight properties compared to traditional steel pipes. Additionally, advancements in composite materials pose a growing challenge, particularly in specialized applications where factors like durability and flexibility are crucial. As industries seek more cost-effective and efficient solutions, the potential for substitution remains a significant consideration for steel pipe manufacturers.

Opportunity:

Growing automotive sector

As automotive production ramps up globally, the demand for steel pipes and tubes for various applications such as exhaust systems, chassis, and structural components is escalating. Additionally, stringent emission regulations are pushing automakers to opt for lightweight yet durable materials like steel, further bolstering the market. This trend is expected to continue as the automotive industry expands, driving growth in the steel pipes and tubes market.

Threat:

Fluctuations in raw material prices

Volatility in steel prices, driven by factors such as supply chain disruptions, geopolitical tensions, and economic uncertainties, has posed challenges for market players. These fluctuations influence production costs, pricing strategies, and profitability across the value chain, requiring companies to adopt agile strategies to navigate market uncertainties effectively. Such fluctuations underscore the importance of robust risk management and strategic planning in the market.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Steel Pipes & Tubes Market, causing disruptions in supply chains and project delays due to lockdowns and restrictions. Reduced industrial activities led to decreased demand, while uncertainty affected investments in infrastructure projects. However, the market showed resilience, with increased demand from sectors like healthcare, water treatment, and telecommunications for essential services. Adaptation to remote work and digitalization also facilitated continuity, driving some recovery. Overall, the market faced challenges but displayed adaptability amidst the crisis.

The seamless pipes segment is expected to be the largest during the forecast period

The seamless pipes segment is expected to be the largest during the forecast period. These pipes find extensive applications across various industries including oil and gas, construction, automotive, and infrastructure development. Their seamless nature ensures efficient fluid transmission and reduced risk of leakage or corrosion, enhancing operational reliability. With growing infrastructural demands worldwide, the market for seamless pipes in steel pipes and tubes continues to witness robust growth and innovation.

The scaffolding segment is expected to have the highest CAGR during the forecast period

The scaffolding segment is expected to have the highest CAGR during the forecast period. Steel pipes and tubes are preferred for scaffolding due to their durability, strength, and ease of installation. With increasing construction activities in both developing and developed regions, demand for steel pipes and tubes for scaffolding purposes is expected to remain robust. Additionally, technological advancements in steel manufacturing processes are further enhancing the quality and performance of scaffolding solutions, fueling market expansion.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by factors such as robust industrial infrastructure development, expanding oil and gas exploration activities, and increasing demand from construction and manufacturing sectors. With technological advancements and innovations in production processes, the market is poised for further expansion. Additionally, stringent quality standards and environmental regulations are shaping the market landscape, fostering sustainable practices and enhancing competitiveness among industry players in the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period driven by factors such as rapid industrialization, urbanization, and infrastructural development across emerging economies like China and India. Increasing investments in sectors like construction, oil and gas, and manufacturing are fueling the demand for steel pipes and tubes. Moreover, government initiatives aimed at infrastructure development further boost market expansion.

Key players in the market

Some of the key players in Steel Pipes & Tubes market include Bystronic Laser AG, TRUMPF, AMADA Co. Ltd., Rama Steel Tubes Limited, Koike Aronson, Inc., Han's Laser Technology Industry Group Co., Ltd., Boye Laser Applied Technology Co., Ltd., Omax Corporation, Coherent Corp., Messer Cutting Systems GmbH, Water Jet Sweden AB, Lincoln Electric Company, Nissan Tanaka Corporation, Flow International Corporation, Mitsubishi, Kyocera, Kennametal, Sumitomo and Hitachi.

Key Developments:

In July 2023, Rama Steel Tubes Limited, signed a MOU with JSW Steel Group to procure hot-rolled coils and manufacture pipes & tubes.

In May 2023, Nippon Steel and Sumitomo Metal Corporation announced a merger that will make them the world's second-largest steelmakers. The resulting business will have a combined yearly sale of USD 60 billion.

Product Types Covered:
• Stainless Steel Pipes
• Welded Pipes
• Seamless Pipes
• Alloy Steel Pipes
• Carbon Steel Pipes
• Other Product Types

Technologies Covered:
• Seamless
• Submerged Arc Welded
• Electric Resistance Welded

Applications Covered:
• Oil Country Tubular Goods (OCTG)
• Distribution Pipelines
• Process Piping
• Plumbing Systems
• Scaffolding
• Chassis & Roll Cages
• Exhaust Systems
• Other Applications

End Users Covered:
• Construction
• Oil & Gas
• Automotive & Transportation
• Water & Wastewater
• Energy & Power Generation
• Mining & Exploration
• Chemical & Petrochemical
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Steel Pipes & Tubes Market, By Product Type
5.1 Introduction
5.2 Stainless Steel Pipes
5.3 Welded Pipes
5.4 Seamless Pipes
5.5 Alloy Steel Pipes
5.6 Carbon Steel Pipes
5.7 Other Product Types
6 Global Steel Pipes & Tubes Market, By Technology
6.1 Introduction
6.2 Seamless
6.3 Submerged Arc Welded
6.4 Electric Resistance Welded
7 Global Steel Pipes & Tubes Market, By Application
7.1 Introduction
7.2 Oil Country Tubular Goods (OCTG)
7.3 Distribution Pipelines
7.4 Process Piping
7.5 Plumbing Systems
7.6 Scaffolding
7.7 Chassis & Roll Cages
7.8 Exhaust Systems
7.9 Other Applications
8 Global Steel Pipes & Tubes Market, By End User
8.1 Introduction
8.2 Construction
8.3 Oil & Gas
8.4 Automotive & Transportation
8.5 Water & Wastewater
8.6 Energy & Power Generation
8.7 Mining & Exploration
8.8 Chemical & Petrochemical
8.9 Other End Users
9 Global Steel Pipes & Tubes Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Bystronic Laser AG
11.2 TRUMPF
11.3 AMADA Co. Ltd.
11.4 WARDJet
11.5 Koike Aronson, Inc.
11.6 Han's Laser Technology Industry Group Co., Ltd.
11.7 Boye Laser Applied Technology Co., Ltd.
11.8 Omax Corporation
11.9 Coherent Corp.
11.10 Messer Cutting Systems GmbH
11.11 Water Jet Sweden AB
11.12 Lincoln Electric Company
11.13 Nissan Tanaka Corporation
11.14 Flow International Corporation
11.15 Mitsubishi
11.16 Kyocera
11.17 Kennametal
11.18 Sumitomo
11.19 Hitachi
List of Tables
Table 1 Global Steel Pipes & Tubes Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Steel Pipes & Tubes Market Outlook, By Product Type (2021-2030) ($MN)
Table 3 Global Steel Pipes & Tubes Market Outlook, By Stainless Steel Pipes (2021-2030) ($MN)
Table 4 Global Steel Pipes & Tubes Market Outlook, By Welded Pipes (2021-2030) ($MN)
Table 5 Global Steel Pipes & Tubes Market Outlook, By Seamless Pipes (2021-2030) ($MN)
Table 6 Global Steel Pipes & Tubes Market Outlook, By Alloy Steel Pipes (2021-2030) ($MN)
Table 7 Global Steel Pipes & Tubes Market Outlook, By Carbon Steel Pipes (2021-2030) ($MN)
Table 8 Global Steel Pipes & Tubes Market Outlook, By Other Product Types (2021-2030) ($MN)
Table 9 Global Steel Pipes & Tubes Market Outlook, By Technology (2021-2030) ($MN)
Table 10 Global Steel Pipes & Tubes Market Outlook, By Seamless (2021-2030) ($MN)
Table 11 Global Steel Pipes & Tubes Market Outlook, By Submerged Arc Welded (2021-2030) ($MN)
Table 12 Global Steel Pipes & Tubes Market Outlook, By Electric Resistance Welded (2021-2030) ($MN)
Table 13 Global Steel Pipes & Tubes Market Outlook, By Application (2021-2030) ($MN)
Table 14 Global Steel Pipes & Tubes Market Outlook, By Oil Country Tubular Goods (OCTG) (2021-2030) ($MN)
Table 15 Global Steel Pipes & Tubes Market Outlook, By Distribution Pipelines (2021-2030) ($MN)
Table 16 Global Steel Pipes & Tubes Market Outlook, By Process Piping (2021-2030) ($MN)
Table 17 Global Steel Pipes & Tubes Market Outlook, By Plumbing Systems (2021-2030) ($MN)
Table 18 Global Steel Pipes & Tubes Market Outlook, By Scaffolding (2021-2030) ($MN)
Table 19 Global Steel Pipes & Tubes Market Outlook, By Chassis & Roll Cages (2021-2030) ($MN)
Table 20 Global Steel Pipes & Tubes Market Outlook, By Exhaust Systems (2021-2030) ($MN)
Table 21 Global Steel Pipes & Tubes Market Outlook, By Other Applications (2021-2030) ($MN)
Table 22 Global Steel Pipes & Tubes Market Outlook, By End User (2021-2030) ($MN)
Table 23 Global Steel Pipes & Tubes Market Outlook, By Construction (2021-2030) ($MN)
Table 24 Global Steel Pipes & Tubes Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 25 Global Steel Pipes & Tubes Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
Table 26 Global Steel Pipes & Tubes Market Outlook, By Water & Wastewater (2021-2030) ($MN)
Table 27 Global Steel Pipes & Tubes Market Outlook, By Energy & Power Generation (2021-2030) ($MN)
Table 28 Global Steel Pipes & Tubes Market Outlook, By Mining & Exploration (2021-2030) ($MN)
Table 29 Global Steel Pipes & Tubes Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
Table 30 Global Steel Pipes & Tubes Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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