Global Steel Pipes & Tubes Market is valued at approximately USD 185.47 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2023-2030. Steel pipes and tubes are cylindrical structures made of steel that are used for a variety of applications across different industries. They play a crucial role in the transportation of fluids, gases, and solids, as well as in structural and construction purposes. Steel pipes and tubes are known for their strength, durability, and resistance to various environmental factors, making them suitable for a wide range of applications. The Steel Pipes & Tubes Market is expanding because of factors such as increasing investment in infrastructure development, the growing oil and gas industry and rising development of water and wastewater treatment plants.
The escalating expenditures in the construction industry are playing a pivotal role in propelling the growth of the Steel Pipes And Tubes Market. As economies expand and urbanization accelerates, there is a burgeoning demand for infrastructure development, residential constructions, and commercial projects. Steel pipes and tubes, renowned for their robustness and versatility, have become indispensable in various construction applications. According to Statista, the worldwide Construction industry spending in the year 2019, stood at USD 12 trillion which increased to USD 12.9 trillion in the year 2021 and it is projected to reach USD 19.2 trillion by the year 2035. Thus, rising spending on construction spending leads to infrastructure development resulting in market growth. In addition, the rising development of renewable energy projects and investment in the construction of petrochemical plants are creating new opportunities for market growth. However, fluctuation in raw material prices of steel pipes & tubes stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Steel Pipes & Tubes Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising construction industry, rising development of wastewater treatment plants and the oil and gas industry in the region. Asia Pacific is expected to grow at the fastest growth. Moreover, the Middle East & Africa region is anticipated to witness the fastest growth over the forecast period, owing to rising investment by private players in setting up new petrochemical plants in the region.
Major market player included in this report are:
- ArcelorMittal S.A
- United States Steel Corporation
- Nippon Steel Corporation
- Tata Steel Ltd
- Rama Steel Tubes Limited
- Steel Authority of India Limited
- Jindal Steel & Power Ltd.
- Hyundai Steel
- ThyssenKrupp AG
- Tenaris S.A.
Recent Developments in the Market:
- In July 2022, Tenaris entered into a substantial USD 460 million agreement to acquire Benteler, a steel pipe producer based in the United States. This strategic acquisition is anticipated to enhance Tenaris's manufacturing capabilities, enabling the company to better meet the needs of its customers and bolster its operational efficiency.
Global Steel Pipes & Tubes Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Technology, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Technology:
- Seamless
- Electric Resistance Welded
- Submerged Arc Welded
By Application:
- Oil & Gas
- Chemicals & Petrochemicals
- Automotive & Transportation
- Mechanical Engineering
- Power Plant
- Construction
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Steel Pipes & Tubes Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Steel Pipes & Tubes Market, by Technology, 2020-2030 (USD Billion)
- 1.2.3. Steel Pipes & Tubes Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Steel Pipes & Tubes Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Steel Pipes & Tubes Market Dynamics
- 3.1. Steel Pipes & Tubes Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing investment in infrastructure development
- 3.1.1.2. Growing Oil and Gas Industry
- 3.1.1.3. Rising wastewater treatment plant
- 3.1.2. Market Challenges
- 3.1.2.1. Fluctuation in raw material prices
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising development of renewable energy projects
- 3.1.3.2. Investment in the construction of petrochemical plants
Chapter 4. Global Steel Pipes & Tubes Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Steel Pipes & Tubes Market, by Technology
- 5.1. Market Snapshot
- 5.2. Global Steel Pipes & Tubes Market by Technology, Performance - Potential Analysis
- 5.3. Global Steel Pipes & Tubes Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 5.4. Steel Pipes & Tubes Market, Sub Segment Analysis
- 5.4.1. Seamless
- 5.4.2. Electric Resistance Welded
- 5.4.3. Submerged Arc Welded
Chapter 6. Global Steel Pipes & Tubes Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Steel Pipes & Tubes Market by Application, Performance - Potential Analysis
- 6.3. Global Steel Pipes & Tubes Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Steel Pipes & Tubes Market, Sub Segment Analysis
- 6.4.1. Oil & Gas
- 6.4.2. Chemicals & Petrochemicals
- 6.4.3. Automotive & Transportation
- 6.4.4. Mechanical Engineering
- 6.4.5. Power Plant
- 6.4.6. Construction
- 6.4.7. Others
Chapter 7. Global Steel Pipes & Tubes Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Steel Pipes & Tubes Market, Regional Market Snapshot
- 7.4. North America Steel Pipes & Tubes Market
- 7.4.1. U.S. Steel Pipes & Tubes Market
- 7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Steel Pipes & Tubes Market
- 7.5. Europe Steel Pipes & Tubes Market Snapshot
- 7.5.1. U.K. Steel Pipes & Tubes Market
- 7.5.2. Germany Steel Pipes & Tubes Market
- 7.5.3. France Steel Pipes & Tubes Market
- 7.5.4. Spain Steel Pipes & Tubes Market
- 7.5.5. Italy Steel Pipes & Tubes Market
- 7.5.6. Rest of Europe Steel Pipes & Tubes Market
- 7.6. Asia-Pacific Steel Pipes & Tubes Market Snapshot
- 7.6.1. China Steel Pipes & Tubes Market
- 7.6.2. India Steel Pipes & Tubes Market
- 7.6.3. Japan Steel Pipes & Tubes Market
- 7.6.4. Australia Steel Pipes & Tubes Market
- 7.6.5. South Korea Steel Pipes & Tubes Market
- 7.6.6. Rest of Asia Pacific Steel Pipes & Tubes Market
- 7.7. Latin America Steel Pipes & Tubes Market Snapshot
- 7.7.1. Brazil Steel Pipes & Tubes Market
- 7.7.2. Mexico Steel Pipes & Tubes Market
- 7.8. Middle East & Africa Steel Pipes & Tubes Market
- 7.8.1. Saudi Arabia Steel Pipes & Tubes Market
- 7.8.2. South Africa Steel Pipes & Tubes Market
- 7.8.3. Rest of Middle East & Africa Steel Pipes & Tubes Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. ArcelorMittal S.A
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. United States Steel Corporation
- 8.3.3. Nippon Steel Corporation
- 8.3.4. Tata Steel Ltd
- 8.3.5. Rama Steel Tubes Limited
- 8.3.6. Steel Authority of India Limited
- 8.3.7. Jindal Steel & Power Ltd.
- 8.3.8. Hyundai Steel
- 8.3.9. ThyssenKrupp AG
- 8.3.10. Tenaris S.A.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption