Steel Pipe Market: By Technology, By Material, By Application, By Type, and Region Forecast 2020-2031
Steel Pipe Market: By Technology, By Material, By Application, By Type, and Region Forecast 2020-2031
Steel Pipe Market size was valued at US$ 160.2 billion in 2024 and is expected to reach US$ 281.8 billion by 2031, growing at a significant CAGR of 8.4% from 2025-2031. 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 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 market in the forecasted years.
Study Period
2025-2031Base Year
2024CAGR
8.4%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
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.
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
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 160.2 billion |
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Market Size in 2031 |
US$ 281.8 billion |
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Market CAGR |
8.4% |
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By Technology |
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By Material |
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By Application |
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By Type |
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By Region |
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The steel pipe market size was valued at US$ 160.2 billion in 2024 and is expected to reach US$ 281.8 billion by 2031, growing at a significant CAGR of 8.4% from 2025-2031.
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 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, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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 , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Line |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Alloy Steel |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Water Pipes |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Welded Steel Pipes |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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 ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 |
Key Market Players
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