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Global Steel Pipes & Tubes Market to reach USD 248.03 billion by the end of 2030.

Global Steel Pipes & Tubes Market Size study & Forecast, by Technology (Seamless, Electric Resistance Welded, Submerged Arc Welded), by Application (Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, Construction, Others) and Regional Analysis, 2023-2030

Product Code: CMAM-17255848
Publish Date: 10-01-2024
Page: 200

Global Steel Pipes & Tubes Market is valued at approximately USD 185.47 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2023-2030. Steel pipes and tubes are cylindrical structures made of steel that are used for a variety of applications across different industries. They play a crucial role in the transportation of fluids, gases, and solids, as well as in structural and construction purposes. Steel pipes and tubes are known for their strength, durability, and resistance to various environmental factors, making them suitable for a wide range of applications. The Steel Pipes & Tubes Market is expanding because of factors such as increasing investment in infrastructure development, the growing oil and gas industry and rising development of water and wastewater treatment plants.

The escalating expenditures in the construction industry are playing a pivotal role in propelling the growth of the Steel Pipes And Tubes Market. As economies expand and urbanization accelerates, there is a burgeoning demand for infrastructure development, residential constructions, and commercial projects. Steel pipes and tubes, renowned for their robustness and versatility, have become indispensable in various construction applications. According to Statista, the worldwide Construction industry spending in the year 2019, stood at USD 12 trillion which increased to USD 12.9 trillion in the year 2021 and it is projected to reach USD 19.2 trillion by the year 2035. Thus, rising spending on construction spending leads to infrastructure development resulting in market growth. In addition, the rising development of renewable energy projects and investment in the construction of petrochemical plants are creating new opportunities for market growth. However, fluctuation in raw material prices of steel pipes & tubes stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Steel Pipes & Tubes Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising construction industry, rising development of wastewater treatment plants and the oil and gas industry in the region. Asia Pacific is expected to grow at the fastest growth. Moreover, the Middle East & Africa region is anticipated to witness the fastest growth over the forecast period, owing to rising investment by private players in setting up new petrochemical plants in the region.

Major market player included in this report are:
ArcelorMittal S.A
United States Steel Corporation
Nippon Steel Corporation
Tata Steel Ltd
Rama Steel Tubes Limited
Steel Authority of India Limited
Jindal Steel & Power Ltd.
Hyundai Steel
ThyssenKrupp AG
Tenaris S.A.

Recent Developments in the Market:
Ø In July 2022, Tenaris entered into a substantial USD 460 million agreement to acquire Benteler, a steel pipe producer based in the United States. This strategic acquisition is anticipated to enhance Tenaris’s manufacturing capabilities, enabling the company to better meet the needs of its customers and bolster its operational efficiency.

Global Steel Pipes & Tubes Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Seamless
Electric Resistance Welded
Submerged Arc Welded

By Application:
Oil & Gas
Chemicals & Petrochemicals
Automotive & Transportation
Mechanical Engineering
Power Plant
Construction
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Steel Pipes & Tubes Market, by Region, 2020-2030 (USD Billion)
1.2.2. Steel Pipes & Tubes Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Steel Pipes & Tubes Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Steel Pipes & Tubes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Steel Pipes & Tubes Market Dynamics
3.1. Steel Pipes & Tubes Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing investment in infrastructure development
3.1.1.2. Growing Oil and Gas Industry
3.1.1.3. Rising wastewater treatment plant
3.1.2. Market Challenges
3.1.2.1. Fluctuation in raw material prices
3.1.3. Market Opportunities
3.1.3.1. Rising development of renewable energy projects
3.1.3.2. Investment in the construction of petrochemical plants
Chapter 4. Global Steel Pipes & Tubes Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Steel Pipes & Tubes Market, by Technology
5.1. Market Snapshot
5.2. Global Steel Pipes & Tubes Market by Technology, Performance – Potential Analysis
5.3. Global Steel Pipes & Tubes Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Steel Pipes & Tubes Market, Sub Segment Analysis
5.4.1. Seamless
5.4.2. Electric Resistance Welded
5.4.3. Submerged Arc Welded
Chapter 6. Global Steel Pipes & Tubes Market, by Application
6.1. Market Snapshot
6.2. Global Steel Pipes & Tubes Market by Application, Performance – Potential Analysis
6.3. Global Steel Pipes & Tubes Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Steel Pipes & Tubes Market, Sub Segment Analysis
6.4.1. Oil & Gas
6.4.2. Chemicals & Petrochemicals
6.4.3. Automotive & Transportation
6.4.4. Mechanical Engineering
6.4.5. Power Plant
6.4.6. Construction
6.4.7. Others
Chapter 7. Global Steel Pipes & Tubes Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Steel Pipes & Tubes Market, Regional Market Snapshot
7.4. North America Steel Pipes & Tubes Market
7.4.1. U.S. Steel Pipes & Tubes Market
7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Steel Pipes & Tubes Market
7.5. Europe Steel Pipes & Tubes Market Snapshot
7.5.1. U.K. Steel Pipes & Tubes Market
7.5.2. Germany Steel Pipes & Tubes Market
7.5.3. France Steel Pipes & Tubes Market
7.5.4. Spain Steel Pipes & Tubes Market
7.5.5. Italy Steel Pipes & Tubes Market
7.5.6. Rest of Europe Steel Pipes & Tubes Market
7.6. Asia-Pacific Steel Pipes & Tubes Market Snapshot
7.6.1. China Steel Pipes & Tubes Market
7.6.2. India Steel Pipes & Tubes Market
7.6.3. Japan Steel Pipes & Tubes Market
7.6.4. Australia Steel Pipes & Tubes Market
7.6.5. South Korea Steel Pipes & Tubes Market
7.6.6. Rest of Asia Pacific Steel Pipes & Tubes Market
7.7. Latin America Steel Pipes & Tubes Market Snapshot
7.7.1. Brazil Steel Pipes & Tubes Market
7.7.2. Mexico Steel Pipes & Tubes Market
7.8. Middle East & Africa Steel Pipes & Tubes Market
7.8.1. Saudi Arabia Steel Pipes & Tubes Market
7.8.2. South Africa Steel Pipes & Tubes Market
7.8.3. Rest of Middle East & Africa Steel Pipes & Tubes Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. ArcelorMittal S.A
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. United States Steel Corporation
8.3.3. Nippon Steel Corporation
8.3.4. Tata Steel Ltd
8.3.5. Rama Steel Tubes Limited
8.3.6. Steel Authority of India Limited
8.3.7. Jindal Steel & Power Ltd.
8.3.8. Hyundai Steel
8.3.9. ThyssenKrupp AG
8.3.10. Tenaris S.A.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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