- Welded Steel Pipes
- ERW Steel Pipes
- Galvanized Steel Pipes
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.
Asia-Pacific Got Significant Share
Steel Pipe Market Region Analysis
The steel pipe market is segmented based on regions into North America, Asia-pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific steel pipe market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to rapid industrialization and growing infrastructure development activities in countries such as India, Australia, and China. The North America region is expected to have the highest CAGR over the forecast period owing to the presence of many manufacturing companies and market players in this region and rapid expansion in construction activities in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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
Steel Pipe Market Segmentation
By Technology
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.
| 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.