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

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Steel Pipe Market was valued at USD 147.8 billion in 2022 and is expected to grow at an 8.4% CAGR from 2023 to 2029. The steel pipes are used in several industrial & infrastructural applications as steel pipe tubes. Steel pipes are also used in the assembly of equipment in industries. The major use of steel pipe is the transportation of oil, gasses, and water through sub-terrains. Carbon steel pipes Are used majorly in industries having high-temperature variances. The increasing demand for oil & gas, construction chemicals, and water distribution, and energy along with rapid industrialization is expected to drive the steel pipes market over the forecast years. In addition, growing government investments in infrastructure development such as investment in the water distribution network, gas pipelines, and other energy infrastructures are expected to boost the growth of the steel pipe market at a significant rate. Furthermore, the increasing investments by the market key players in research & development in enhancing the durability, efficiency, and safety of steel pipes are expected to increase the demand for steel pipes in pipeline infrastructures in the forecast years.

However, factors like the installation of steel pipes, the high cost of installation, the fluctuation of raw materials such as steel scrap, coal, and iron ore, and competition from other market players are expected to hinder the growth of the steel pipes market over the forecast period. Whereas, increasing demand for eco-friendly and non-corrosive pipes in oil and gas industries, and growing applications of steel pipes owing to their durability are anticipated to provide an opportunity to the market key players in the forecasted years. Geographically, the Asia Pacific region held the major market share in 2022 and is expected to dominate the global steel pipe market in the forecasted years.

Steel Pipe Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.4%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Steel Pipe Market Dynamics

The steel pipe market is expected to grow over the forecasted period due to the increasing demand for steel pipes in the oil & gas industries, and energy sectors. Steel pipes are used for the transportation of oils, gases, water, and other energy sources owing to their high durability and safety of steel pipes. Steel pipes are preferred in energy transportation owing to their cost effectiveness, high durability, and ability to withstand high pressures and temperatures. However, the development of oil & gas industries in remote locations has the necessity to install steel pipelines which are expected to drive market growth in this segment.

Steel Pipe Market Segmentation

By Technology
  • Welded Steel Pipes
  • ERW Steel Pipes
  • Galvanized Steel Pipes
By Material
  • Alloy Steel
  • Black Steel
  • Carbon Steel
  • Iron Steel
  • Mild Steel
  • Stainless Steel
By Application
  • Water Pipes
  • Steel Casing Pipes
  • Sewage Pipes
  • Structural Steel Pipes
  • Industrial Steel Pipes
  • Steel Scaffolding Pipes
  • Oil & Gas Pipes
By Type
  • Line
  • Standard
  • Structural
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

Steel Pipe Market was valued at USD 147.8 billion in 2022 and is expected to grow at an 8.4% CAGR from 2023 to 2029

Increasing demand for steel pipes in the oil & gas industries and energy sectors is expected to drive the growth of the steel pipes market over the forecast period.

The leading players in the global Steel Pipe market are ArcelorMittal, United States Steel Corporation, NIPPON STEEL CORPORATION, Tata Steel, Jindal Steel & Power Limited, Rama Steel Tubes Limited, SAIL, Hyundai Steel, Rhinox, Steel Authority of India Ltd.

Installation of steel pipelines, the high cost of installation, and the availability of substitutes are expected to hinder the growth of the steel pipes market over the forecast period.

Key Features of the Reports

  • The steel pipe market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Steel Pipe Market Introduction 
2.1.Global Steel Pipe Market  - Taxonomy
2.2.Global Steel Pipe Market  - Definitions
2.2.1.By Type 
2.2.2.By Material
2.2.3.By Application
2.2.4.By Technology
2.2.5.By Region
3.Global Steel Pipe Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Steel Pipe Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Steel Pipe Market  By Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Line
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Standard
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Structural
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Steel Pipe Market  By Material, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Alloy Steel
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Black Steel
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Carbon Steel
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Iron Steel
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Mild Steel
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Stainless Steel
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Steel Pipe Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Water Pipes
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Steel Casing Pipes
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Sewage Pipes
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Structural Steel Pipes
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Industrial Steel Pipes
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Steel Scaffolding Pipes
7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Oil & Gas Pipes
7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
8.Global Steel Pipe Market  By Technology, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Welded Steel Pipes
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. ERW Steel Pipes
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Galvanized Steel Pipes
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9.Global Steel Pipe Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Steel Pipe Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Type  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Line
10.1.2.Standard
10.1.3.Structural
10.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Alloy Steel
10.2.2.Black Steel
10.2.3.Carbon Steel
10.2.4.Iron Steel
10.2.5.Mild Steel
10.2.6.Stainless Steel
10.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Water Pipes
10.3.2.Steel Casing Pipes
10.3.3.Sewage Pipes
10.3.4.Structural Steel Pipes
10.3.5.Industrial Steel Pipes
10.3.6.Steel Scaffolding Pipes
10.3.7.Oil & Gas Pipes
10.4.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Welded Steel Pipes
10.4.2.ERW Steel Pipes
10.4.3.Galvanized Steel Pipes
10.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Steel Pipe Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Line
11.1.2.Standard
11.1.3.Structural
11.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Alloy Steel
11.2.2.Black Steel
11.2.3.Carbon Steel
11.2.4.Iron Steel
11.2.5.Mild Steel
11.2.6.Stainless Steel
11.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Water Pipes
11.3.2.Steel Casing Pipes
11.3.3.Sewage Pipes
11.3.4.Structural Steel Pipes
11.3.5.Industrial Steel Pipes
11.3.6.Steel Scaffolding Pipes
11.3.7.Oil & Gas Pipes
11.4.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Welded Steel Pipes
11.4.2.ERW Steel Pipes
11.4.3.Galvanized Steel Pipes
11.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12.Asia Pacific (APAC) Steel Pipe Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Line
12.1.2.Standard
12.1.3.Structural
12.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Alloy Steel
12.2.2.Black Steel
12.2.3.Carbon Steel
12.2.4.Iron Steel
12.2.5.Mild Steel
12.2.6.Stainless Steel
12.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Water Pipes
12.3.2.Steel Casing Pipes
12.3.3.Sewage Pipes
12.3.4.Structural Steel Pipes
12.3.5.Industrial Steel Pipes
12.3.6.Steel Scaffolding Pipes
12.3.7.Oil & Gas Pipes
12.4.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Welded Steel Pipes
12.4.2.ERW Steel Pipes
12.4.3.Galvanized Steel Pipes
12.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Steel Pipe Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Line
13.1.2.Standard
13.1.3.Structural
13.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Alloy Steel
13.2.2.Black Steel
13.2.3.Carbon Steel
13.2.4.Iron Steel
13.2.5.Mild Steel
13.2.6.Stainless Steel
13.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Water Pipes
13.3.2.Steel Casing Pipes
13.3.3.Sewage Pipes
13.3.4.Structural Steel Pipes
13.3.5.Industrial Steel Pipes
13.3.6.Steel Scaffolding Pipes
13.3.7.Oil & Gas Pipes
13.4.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Welded Steel Pipes
13.4.2.ERW Steel Pipes
13.4.3.Galvanized Steel Pipes
13.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Steel Pipe Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
14.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Line
14.1.2.Standard
14.1.3.Structural
14.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Alloy Steel
14.2.2.Black Steel
14.2.3.Carbon Steel
14.2.4.Iron Steel
14.2.5.Mild Steel
14.2.6.Stainless Steel
14.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Water Pipes
14.3.2.Steel Casing Pipes
14.3.3.Sewage Pipes
14.3.4.Structural Steel Pipes
14.3.5.Industrial Steel Pipes
14.3.6.Steel Scaffolding Pipes
14.3.7.Oil & Gas Pipes
14.4.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Welded Steel Pipes
14.4.2.ERW Steel Pipes
14.4.3.Galvanized Steel Pipes
14.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.ArcelorMittal
15.2.2.United States Steel Corporation
15.2.3.Nippon Steel Corporation
15.2.4.Tata Steel
15.2.5.Jindal Steel & Power Limited
15.2.6.Rama Steel Tubes Limited
15.2.7.SAIL
15.2.8.Hyundai Steel
15.2.9.Rhinox
15.2.10.Steel Authority of India Ltd.
16. Research Methodology 
17. Appendix and Abbreviations 
  • ArcelorMittal
  • United States Steel Corporation
  • Nippon Steel Corporation
  • Tata Steel
  • Jindal Steel & Power Limited
  • Rama Steel Tubes Limited
  • SAIL
  • Hyundai Steel
  • Rhinox
  • Steel Authority of India Ltd.

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