What is the forecast for steel pipes?

Steel Pipe Market Outlook ( to )

It is anticipated that the global steel pipe market is likely to record a valuation of US$ 97.88 billion in . The steel pipe market is expected to expand at an average CAGR of 3.9% and reach US$ 143.50 billion by .

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The steel pipe industry is a substantial fragment of the global steel industry. The market is highly influenced by various factors, including global economic conditions and infrastructure development, along with demand from key sectors such as oil and gas, construction, and water treatment.

One of the important factors driving the steel pipe market's expansion is an increase in oil and gas production to meet the needs of the transportation sector. Steel pipes and tubes find their greatest use in the oil and gas industry. In this industry, steel pipes are used to transport gas and liquid. Low alloy and carbon steel are commonly used in their production. Hence, manufacturers are considerate about the raw material prices and have dedicated suppliers to offer cost benefits to their target audience.

Steel pipes are essential components for various infrastructure projects. These projects include water and wastewater systems, oil and gas pipelines, and construction projects. The demand for steel pipes is likely to remain steady or even increase. This is because countries continue to invest in infrastructure development and urbanization.

Steel pipes find extensive application in the construction industry for structural purposes. They are used for building frameworks, scaffolding, and piling. The demand for steel pipes is likely to be driven by the expansion of the construction industry, particularly in emerging nations. Population growth and urbanization are projected to impact market expansion positively. Moreover, government investments in infrastructure projects like roads, bridges, and airports are also fueling the steel pipes and tubes market.

Steel pipes are also widely used in water supply and wastewater treatment systems. The necessity for upgrading and expanding water infrastructure across the world is expected to drive the demand for steel pipes. Increasing water scarcity concerns also contribute to the market growth of steel pipes. Additionally, the focus on efficient water management is likely to drive the adoption of steel pipes further.

When selecting pipes for specific applications, the inside diameter, ductility, yield strength, and pressure rating are all important considerations. Steel pipes and tubes are commonly used in the oil and gas industry in the United States. Crude oil is processed in three stages: pre-treatment, mid-treatment, and post-treatment. Owing to the changes in the oil and gas industry in the United States, the steel pipe market is expected to grow steadily over the forecast period.

The rise in tariffs and levies is the primary factor preventing the demand for steel pipe from expanding. Additionally, the trade war is having a detrimental impact on the steel pipe market. When compared to welded pipes, the adoption of steel pipe takes a longer amount of lead time for the procurement process.

Manufacturers are developing technologically advanced steel pipes. The purpose is to meet the rising demand for environmentally friendly products. These developments are contributing to significant market expansion. The focus of these steel pipes is to lower carbon emissions. Additionally, they aim to improve energy efficiency.

Attributes Details Historical Value () US$ 93.76 billion Current Year Value () US$ 97.88 billion Expected Forecast Value () US$ 143.50 billion Projected CAGR ( to ) 3.9%

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Revenue Analysis for Steel Pipe Market for to Vs to

The steel pipe market was growing at a CAGR of 3.4% during the historical period to . As the world's population continues to rise and urbanize at a rapid pace, the oil and gas business has continued to expand. However, as a result of a decrease in oil and gas industry demand due to the COVID-19 pandemic, steel pipe market growth slowed in FY. In addition, the chemical industry saw a decline in demand.

The market is expected to continue its growth trajectory between and . This growth could be attributed to the beneficial characteristics of steel, such as its reliability and durability. Steel pipes have a wide range of applications, which has led to an increased demand in the market.

Steel pipes are also ideal for transporting flammable gas due to their non-reactive properties. Additionally, there is a growing need to replace aging pipes with steel pipes, further boosting the global demand for steel pipes.

Steel pipes are also used in agriculture, irrigation, sewerage, and fire sprinkler systems. Moreover, they are commonly used for industrial water lines and plant piping. Steel pipes are proving to be versatile and applicable in many areas.

In light of these characteristics, the long-term anticipated demand for steel pipe can be evaluated by splitting the projection timeframe into three parts:

• An acceleration in the rate of recovery growth during the following few months is expected.
• Demand and pricing are anticipated to return to normal throughout the course of the medium term.
• Demand, as well as the pricing of products, is influenced over the long term by economic cycles and rates of inflation.
• After taking a long-term view, market analysts predict modest growth in the next few years (between and ), followed by rapid expansion during the next three years. The global steel pipe market is expected to grow at a high CAGR of close to 3.9% between and .

What are the Key Drivers and Restraints in the Steel Pipe Market?

Drivers:

Some of the attributes of steel pipes include resistance to corrosion and high levels of dependability. For a variety of construction projects, including the building of homes and companies, steel pipes are the favoured choice. Since steel pipes are being used more frequently in industrial applications and cost less than traditional pipes and tubing, the demand for steel pipes is likewise on the rise.

Steel tubing's expanding popularity in the building and construction industry is a key factor in the steel pipe market's growth. In addition, the low or free maintenance costs of steel tubes are a key factor in the expansion of the steel tubes industry.

Restraints:

Although pipes are low-cost materials, their transportation cost is higher due to their heaviness. This is expected to limit the growth of the global pipes market. Transportation costs amount to around 50% of the overall administration and logistics cost incurred on pipes.

Usually 50% of pipes are transported via road and in some regions, the shipping cost of pipes can outweigh its production cost if the material is trucked over 20 miles. Due to this, the pipes industry is highly localized and is fragmented.

Moreover, the cost of all the transportation vehicles is very high, which means manufacturers of pipes either have the option of entering into contracts with logistics companies or outsourcing their work to others.

Nikhil Kaitwade

Principal Consultant

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Steel Pipe Market Key Trends & Opportunities

Trends

The demand for high-pressure pipes in the oil and gas industry has been steadily increasing. This is primarily driven by the growing utilization of hydraulic fracturing, also known as fracking. Fracking operations are expanding globally, especially in regions with abundant shale resources. These regions include the United States, Canada, and certain parts of Europe and Asia Pacific. As a result, the demand for specialized pipes used in fracking becomes more significant.

The stainless steel pipe market is experiencing a rapid growth rate that surpasses the overall steel pipe market. This trend can be attributed to the escalating demand for stainless steel pipes in various industries, including food and beverage, chemical, and pharmaceutical sectors.

Stainless steel pipes are in high demand in the food and beverage industry, given their exceptional hygiene properties and corrosion resistance. They are widely used in food processing plants, breweries, wineries, and dairy facilities to maintain cleanliness, prevent contamination, and ensure food safety.

Stainless steel pipes are also preferred in the chemical industry due to their excellent resistance to corrosion, erosion, and chemical reactions. Their durability and reliability are essential for maintaining the integrity of chemical processing systems and preventing leaks or contamination. Moreover, stainless steel pipes are crucial in the pharmaceutical industry as they meet strict hygiene and safety standards.

Opportunities

The increasing focus on renewable energy sources, such as wind and solar power, has led to the development of large-scale renewable energy projects worldwide. Steel pipes are essential components in the construction of wind turbine towers, solar panel frameworks, and geothermal systems. The transition to clean energy is likely to present opportunities for steel pipe manufacturers.

There is a growing demand for green steel pipes made from recycled materials. Green steel pipes offer several environmental benefits compared to traditional steel pipes. By utilizing recycled materials, such as scrap steel, these pipes help reduce the demand for virgin resources. They also contribute to conserving energy and lowering carbon emissions associated with steel production.

In recent years, there has been a noticeable shift toward sustainability and environmentally conscious practices in industries such as construction and automotive. Sustainable building practices and green certifications have become important considerations. Automakers are actively seeking ways to make their vehicles more environmentally friendly. The increased demand for steel pipes made from recycled materials is projected to open up opportunities for steel pipe manufacturers to cater to the sustainability-focused market.

Steel pipe manufacturers are embracing new manufacturing technologies, including laser cutting and bending, to enhance their production capabilities. These advanced techniques are enabling the production of steel pipes with complex shapes and features that were previously challenging to achieve.

Country Wise Analysis

Countries Value Share in Global Market United States 18.7% Germany 5.0% Japan 5.9%

United States Embraces Sustainable Steel Pipe Solutions for a Greener Future

The pipeline network is expanding, energy and infrastructure projects are increasing, steel pipes are in greater demand in the vehicle industry, power plant capacity is increasing, and the oil and gas industry is booming, all of which are driving the steel pipe market.

The United States steel pipe market is a dynamic and competitive industry driven by various factors, such as

• massive infrastructure development
• rapid industrial growth
• increase in oil and gas exploration activities

With growing concerns about carbon emissions and environmental sustainability, the steel pipe market in the United States has seen a shift toward sustainable practices. The Environmental Protection Agency (EPA) has implemented regulations aimed at reducing emissions associated with steel manufacturing processes. These regulations include acid rain control programs, requirements for the use of maximum achievable control technology in specific industries, and restrictions on sulfur dioxide emissions from electric utilities.

Steel pipe demand has been bolstered by sustained economic growth in the country, supported by fiscal stimulus from the government, and the resulting improvement in company confidence. In addition, the United States has seen significant growth in crude oil output, which has offered steel pipe market participants attractive chances to profit from. There have been a lot of ups and downs in the United States steel pipe market over the past several years, with strong growth in and , especially in the oil and gas industry. The reduction in demand for oil prices is expected to have a negative impact. Industrial limitations are expected to be eased during the next few years, allowing the sector to revive.

Market players are increasingly investing in eco-friendly manufacturing processes and developing steel pipes with lower carbon footprints. Bri-Steel Manufacturing, a prominent manufacturer of large-diameter seamless steel pipe in North America, revealed plans for the construction of their second Thermal Pipe Expansion mill in Enid, Oklahoma, in January .

Innovative Steel Pipe Solutions Revolutionize Germany's Automotive Sector

The Germany steel pipe market is expanding steadily, propelled by

• colossal infrastructure development
• speedily growing automotive industry demand
• rising adoption of sustainable manufacturing practices

The automotive industry in Germany is a key consumer of steel pipes, particularly for exhaust systems and structural components. The shift toward electric vehicles and the need for lightweight materials are driving the demand for steel pipes with high strength-to-weight ratios.

German steel pipe manufacturers are embracing digitalization and Industry 4.0 concepts to enhance their production processes. They are integrating technologies such as artificial intelligence, robotics, and automation. This integration is resulting in improved efficiency, cost reduction, and better product quality.

Germany leads the way in adopting renewable energy sources. The country's transition to clean energy, like wind and solar power, necessitates robust infrastructure, including steel pipes for transmission and distribution networks. The government has implemented stringent regulations to promote sustainable manufacturing practices and curb carbon emissions.

Market participants are broadening their distribution networks to serve a wider clientele. For instance, the ever-evolving CSM GROUP recently established a new office in Germany called CSM TUBE DEUTSCHLAND GmbH in June .

Technological Prowess Propels Japan's Steel Pipe Industry to New Heights

The Japan steel pipe market has perceived steady growth lately, given the country's strong industrial base and demand from various sectors. Renowned for its unwavering commitment to stringent quality standards and pioneering technological advancements, Japan stands as a leader in the steel pipe industry.

Japan-based manufacturers have gained a compelling competitive edge in the global market with an unwavering focus on delivering high-quality steel pipes that consistently meet and exceed international standards. Their steadfast dedication to excellence continues to drive the industry forward, solidifying Japan's position as a global leader in steel pipe manufacturing.

Japan's strategic efforts to diversify its energy mix and reduce reliance on nuclear power have resulted in a notable surge in demand for oil and gas pipelines. Consequently, this has propelled remarkable growth in the steel pipe market, marking a significant opportunity for industry players.

Countries Value CAGR ( to ) United Kingdom 2.8% China 4.4% India 5.1%

Net-zero Commitment Fuels Growth of Steel Pipe Market in the United Kingdom

The United Kingdom is one of the top economies in Europe. The country possesses a substantial demand for steel pipes across various industries. The United Kingdom is currently witnessing remarkable growth in its infrastructure development. This growth extends to crucial projects in the transportation, energy, and construction sectors. As a result, there has been a notable surge in the demand for steel pipes.

The government's strong commitment to achieving net-zero carbon emissions by has sparked a significant shift toward cleaner energy sources in the United Kingdom. This transition not only addresses environmental concerns but also opens up lucrative opportunities for steel pipe manufacturers. The emerging demand for pipelines and infrastructure in the renewable energy sector provides a promising market for steel pipe manufacturers to meet the industry's evolving needs.

The construction industry in the United Kingdom is witnessing robust growth. Significant investments from both the public and private sectors drive this growth. As a result, this is projected to fuel the United Kingdom steel pipe market. Steel pipes are essential in building structures, plumbing systems, and HVAC (Heating, Ventilation, and Air Conditioning) systems. This growing demand emphasizes the vital role that steel pipes play in supporting ongoing development and infrastructure expansion within the construction sector.

Urbanization and Construction Drive Demand for Steel Pipes in China

The China steel pipe market has witnessed significant growth in recent years. The country&#;s unwavering commitment to reducing carbon emissions and promoting sustainable development is revolutionizing the steel pipe industry. The country's proactive approach has sparked a remarkable emphasis on environmentally friendly steel production techniques, notably the adoption of electric arc furnaces. This shift toward cleaner production methods is poised to impact the market profoundly.

Customers in China are becoming more affluent and have more disposable cash, which has a beneficial effect on the steel pipe market. Demand for steel pipes is increasing as a result of an increase in demand for contemporary house interior design and architecture.

China's relentless pursuit of technological advancements is rapidly reshaping the manufacturing landscape. By embracing cutting-edge practices such as robotic welding and automated pipe manufacturing processes, the efficiency and quality of steel pipe production in China have reached new heights. This wave of innovation ensures that Chinese manufacturers remain at the forefront of the industry, consistently delivering superior products to meet growing market demands.

Bustling urbanization and ongoing construction activities in China propel the steel pipe market forward. The construction of residential and commercial buildings, bridges, and extensive transportation infrastructure creates an ever-increasing demand for steel pipes. As China's urban landscape continues to evolve, the steel pipe industry stands as a vital cornerstone. The Suez Canal Economic Zone (SCZONE) in Egypt is going to get a large investment of up to US$2 billion, according to a March announcement by China's Xinxing Ductile Iron Pipe Company. This investment is exclusively for the establishment of a state-of-the-art production facility dedicated to the manufacturing of cast iron and steel pipes.

India Steel Pipe Market Soars as Infrastructure Boom Continues

The Indian government's focus on infrastructure development, including the construction of roads, railways, airports, and smart cities, is the primary factor driving the demand for steel pipes. The Indian government's visionary initiatives, including Bharatmala Pariyojana (road development program), Sagarmala Project (port-led development), and Pradhan Mantri Awas Yojana (housing for all), have significantly catalyzed the demand for steel pipes in the ongoing infrastructural projects.

India's increasing energy consumption and exploration activities in the oil and gas sector are also propelling the demand for steel pipes used in pipeline transportation. India is witnessing significant investments in the oil and gas sector. These investments are primarily focused on the construction of pipelines and refineries. As a result of this surge in investment, there has been a substantial increase in the demand for steel pipes.

Key market players are focusing on capacity expansions, technological advancements, and strategic partnerships to capitalize on the growing opportunities. In July , ArcelorMittal completed the acquisition of Essar Steel India Limited. This acquisition solidified ArcelorMittal's position as the leading steel producer in India. The investment was valued at around US$6 billion. It served as a strategic move for ArcelorMittal to enhance its market presence within India.

Other Key Countries

Brazil

Brazil's economy has been showing considerable activity, albeit at a modest rate. In recent years, the steel pipe market has been driven by industrial growth in the country as well as rising consumer prices in the region. Latin American economic uncertainty has had an impact on steel production. As a result, Brazil has seen a decline in imports of finished steel products, while the country's crude steel production has remained relatively consistent.

The ongoing trade tensions between China and the United States, as well as tight economic conditions and lower commodity prices, are key concerns for Brazilian steel pipe market participants. Brazil is the only country in Latin America that has been able to sustain a surplus of completed steel commerce, accounting for more than half of the region's steel pipe market share.

Favourable government measures in the country are forecasted to also aid in a healthier monetary environment and the reduction of inflation. Due to improved business confidence in the industrial and construction sectors through , the steel pipe industry is expected to grow throughout the projected period.

Canada

Steel pipes are in high demand in Canada because of the country's relatively high cost compared to numerous Latin American countries. However, the government has been confronted with difficulties due to key drops in crude oil prices and a persistent reduction in energy industry demand.

As a result, steel prices have fluctuated, making it difficult for businesses to make a profit. As steel prices rise and the Canadian dollar depreciates, the steel pipe market is expected to develop steadily but slowly until .

Russia

Due to rising consumer demand for steel pipe, Europe has a competitive share in the worldwide market, with Russia accounting for a significant portion of this market share. During the projection period, the country could be able to lead the seamless steel pipes sector in Europe due to ongoing and upcoming oil and gas projects.

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Segment Analysis

Segment Value Share in Global Market Carbon Steel 42.0% Oil & Gas 27.5%

What is the Dominant Material Type in the Steel Pipe Market?

Carbon steel pipes have proven their versatility by serving various applications across industries such as oil and gas, construction, water treatment, automotive, and infrastructure. These pipes exhibit exceptional strength and can withstand high pressure and temperature conditions. This makes them the preferred choice for transporting fluids, gases, and solids.

Carbon steel pipes are renowned for their remarkable strength and durability. They can bear heavy loads and resist deformation. Because of this, they are very dependable in challenging conditions. Their robustness ensures longevity and minimizes the risk of damage or failure.

The affordability of carbon steel pipes is one of its primary advantages. Carbon steel pipes are more economically viable when compared to substitutes like stainless steel or alloy steel, particularly in large-scale projects where cost concerns are vital. The extensive use of carbon steel in several sectors is facilitated by its low cost.

Which is the Leading Segment in the Steel Pipe Market by Application?

In , the oil and gas sector dominated the steel pipe market and accounted for the biggest revenue share, which was greater than 51 per cent. The diverse applications of the products in the oil and gas sector, ranging from oil country tubular goods (OCTG) and transportation to process piping for refining crude oil into petroleum products, are expected to allow the segment to maintain its position as the steel pipe market leader over the course of the forthcoming years.

It is anticipated that rapid industrialization and urbanization, rising population, and expansion in the manufacturing sectors are likely to all contribute to an increase in the growth of the construction industry segment, particularly in developing nations. This, in turn, is likely to result in an increase in demand for steel pipe. Globally, the important steel pipe markets are located in China, India, and the United States.

Competitive Landscape

Leading steel pipe manufacturers are at the forefront of innovation, continuously producing diverse steel pipes. Through extensive research and development, they enhance the quality, strength, and durability of their products. They invest heavily in pioneering technologies to elevate manufacturing processes and product performance.

The steel pipe market has been flooded with new enterprises that provide high-quality items and technologies. Steel tube manufacturers have a huge opportunity to improve operational efficiency, customer satisfaction, inventory levels, and profit margins by incorporating technology.

Prominent players in the steel pipe market uphold stringent industry standards and regulations. In addition, they actively seek opportunities for market expansion through mergers, acquisitions, and strategic partnerships.

Recent mergers and product launches

ADA announced the expansion of its filtration system lineup to include new stainless-steel outflow and inflow pipes in April . The Metal Pipe Flow P-1, designed for outflow, features a movable outflow nozzle that can be adjusted horizontally to achieve a water flow that aligns with the aquarium's layout. On the other hand, the Metal Pipe Flow V-1/V-2, designed for inflow, comes with a removable end cap for convenient maintenance.

Rhinox introduced extraordinary and one-of-a-kind stainless steel press fittings with a focus on prioritizing hygiene in today's context in February . This unique profile features a Double O-ring design with VV-shaped grooves. Rhinox is an esteemed manufacturer known for its production of stainless steel pipes.

POSCO introduced its newest product line, known as POSCO Premium Pipes, in June . These state-of-the-art steel pipes are manufactured using advanced processing technology. They are meticulously designed to meet the specific requirements of diverse industries, particularly offshore drilling, and shipbuilding.

JFE Engineering Corporation announced in June that it had chosen SPF (Seismic Steel Pipe for Crossing Fault) Ground-settlement Type for the forthcoming outfall pipeline project at the Annacis Island Wastewater Treatment Plant in Canada. This particular type of seismic steel pipe is specifically designed to efficiently absorb substantial ground settlement that can occur during seismic events.

How can Steel Pipe Market Players Grow Their Businesses?

• Embrace emerging technologies and manufacturing advancements to enhance efficiency and productivity
• Invest in research and development to improve the quality, strength, and durability of steel pipes, solidifying a reputation for reliability
• Focus on customer satisfaction by delivering high-quality products that meet or exceed their expectations
• Collaborate with strategic partners, such as construction companies or infrastructure developers, to access new markets
• Strengthen distribution networks by establishing fruitful relationships with distributors, wholesalers, and retailers
• Expand global presence through targeted market research and strategic partnerships with international distributors

Key Players:

• American Cast Iron Pipe Company
• Baosteel Group Corporation
• Evraz Plc
• Nippon Steel & Sumitomo Metal Corporation
• JFE Holdings Corporation
• Hyundai Steel Company
• TMK Group
• United States Steel
• Tata Iron and Steel
• VALLOUREC
• Nucor Corporation

Key Segments in the Steel Pipe Market

By Material Type:

• Carbon Steel
• Alloy Steel
• Stainless Steel
• Tool Steel

By Application:

• Automotive industry
• Construction and mining
• Textile Machinery
• Chemicals
• Pharmaceuticals
• Energy industries
• Refinery Petrochemicals
• Oil and Gas Processing
• Water treatment facilities

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

Frequently Asked Questions

What is the Market Growth Outlook?

The market is estimated to develop at a CAGR of 3.9% through .

Which Region Holds High Lucrativeness?

North America is projected to emerge as a lucrative market.

Which is the Top Trend in the Market?

Increase in adoption of coated and lined steel pipes.

What is Germany&#;s Expected Market Share?

Germany is likely to generate a 5% revenue share from to .

What is India&#;s Expected Market Share?

India&#;s expected share is 5.1% between and .

Global Steel Pipes Market, Global Steel Pipes Market, By Technology (Welded Steel Pipes, ERW Steel Pipes, Galvanized Steel Pipes), Material (Alloy Steel, Black Steel, Carbon Steel, Iron Steel, Mild Steel, Stainless Steel), Application (Water Pipes, Steel Casing Pipes, Sewage Pipes, Structural Steel Pipes, Industrial Steel Pipes, Steel Scaffolding Pipes, Oil & Gas Pipes), Type (Line, Standard, Structural) - Industry Trends and Forecast to .

Steel Pipes Market Analysis and Size

Increase in the oil & gas production due to the demand from the transportation industry acts as an essential factor driving the global steel pipes market. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the global steel pipes market which was USD 170,720 million in , is expected to reach USD 278,320 million by , and is expected to undergo a CAGR of 6.3% during the forecast period -. This indicates the market value. &#;Welded steel pipes&#; segment dominates the component  segment of the global steel pipes market, as they are exteremly versatile and can be manufactured in a variety of sizes, diameters and thicknesses to fulfil the specific needs of various industries and applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Steel Pipes Market Scope and Segmentation

Report Metric

Details

Forecast Period

to

Base Year

Historic Years

(Customisabl eto -)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Technology (Welded Steel Pipes, ERW Steel Pipes, Galvanized Steel Pipes), Material (Alloy Steel, Black Steel, Carbon Steel, Iron Steel, Mild Steel, Stainless Steel), Application (Water Pipes, Steel Casing Pipes, Sewage Pipes, Structural Steel Pipes, Industrial Steel Pipes, Steel Scaffolding Pipes, Oil & Gas Pipes), Type (Line, Standard, Structural)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

ArcelorMittal (Luxembourg), United States Steel Corporation (U.S.), NIPPON STEEL CORPORATION (Japan), Tata Steel (India), Jindal Steel & Power Limited (India)

Market Opportunities

• Increase in demand in construction projects
• Advancement in automotive industry

Market Definition

Steel pipes are cylindrical tubular structures composed mostly of steel that are used in various of applications such as delivering fluids (water, oil, gas),structural support in building and conveying materials in industrial materials in industrial processes.

Global Steel Pipes Market Dynamics

Drivers

• Increase and Expansion of Industrial Sectors

Industrial growth in many areas has a substantial impact on the global steel pipes market. Steel pipes are essential components of manufacturing processes, acting as conduits for liquid, gases, material in industries such as chemicals, petrochemicals, automotive and many more.

• Modernization in Water Management System

Steel pipes are popular for delivering potable water and sewage, as well as industrial wastewater management, due to their durability and corrosion resistance. Demand for the steel pipes in the water management sector is increasing, reinforcing their role as a driving force in the global steel pipes market.

Opportunity

• Advancement in Automotive Industry

Steel pipes are used in the automotive industry for exhaust systems, structural component and other structural parts. As the automotive industry advances with the introduction of electric vehicles and Lightweighting programmes, steel pipe solution have a chance to innovate and offer innovative solutions.

Restraints/ Challenges

• High Price Fluctuations of the Raw Materials

The steel industry is a subject to change in raw materials costs, such as iron ore and coal, which can affect the entire cost structure of steel pipes and market stability.

• Maintance of Effective Corrosion Resistant Coating

Corresion is a major problem for steel pipes, especially in applications involving harsh environment. Creating effective corrosion effective &#; resistant coating and addressing maintenance issues can be difficult.

This global steel pipes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global steel pipes market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In July , ArcelorMittal launched the industry&#;s first low-carbon emission steel tubes, with a CO2 emissions reduction of up to 75%. It aimed to help companies in the construction, agriculture, and energy sectors in their decarbonisation journey to achieve the climate goals outlined in the Paris Agreement and the European Green Deal
• .In June , Nippon Steel Corporation developed the Eco-friendly Commercially pure titanium, trantixxii-eco, and has started supplying it to snow peak, inc. ("snow peak") , that that helped in reducing CO2 emissions and saved resources with titanium ingot made of over 50% scrap titanium. This enabled them to homogenize ingot components to produce high-quality products, even with a high scrap content.

Global Steel Pipes Market Scope

The global steel pipes market is segmented on the basis of technology, material, application, type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Welded Steel Pipes
• ERW Steel Pipes
• Galvanized Steel Pipes

 Material

• Alloy Steel
• Black Steel
• Carbon Steel
• Iron Steel
• Mild Steel
• Stainless Steel

Application

• Water Pipes
• Steel Casing Pipes
• Sewage Pipes
• Structural Steel Pipes
• Industrial Steel Pipes
• Steel Scaffolding Pipes
• Oil & Gas Pipes

Type

• Line
• Standard
• Structural

Global Steel Pipes Market Region Analysis/Insights

The global steel pipes market is analyzed and market size insights and trends are provided by technology, material, application, and type as referenced above.

The regions covered in the global steel pipes market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global steel pipes market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

Asia-Pacific dominates the global steel pipes market due to rise in the product consumption, rise in the rapid industrialization & urbanization, increase in the population, and rise in the growth in the manufacturing sectors in this region. North America is the expected region in terms of growth in global steel pipes market due to rise in the rapid industrialization & urbanization and increase in the population in this region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter&#;s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Steel Pipes Market Share Analysis

The global steel pipes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to data center cooling market.

Some of the major players operating in the global steel pipes market are:

• ArcelorMittal (Luxembourg)
• United States Steel Corporation (U.S.)
• NIPPON STEEL CORPORATION (Japan)
• Tata Steel (India)
• Jindal Steel & Power Limited (India)

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