Global Steel Pipes & Tubes Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology ;

Seamless, ERW, and SAW.

By Material;

Carbon Steel, Stainless Steel, Alloy Steel, Ductile Iron, and Other.

By Diameter;

Small Diameter (less than 6 inches), Medium Diameter (6 to 16 inches), and Large Diameter (greater than 16 inches).

By Manufacturing Process;

Seamless Pipe, Welded Pipe, and Spiral Welded Pipe.

By Application;

Oil & Gas, Chemical & Petrochemicals, Construction, Automotive & Transportation, Mechanical Engineering, Power Plant, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn937122557 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Steel Pipes & Tubes Market (USD Million), 2021 - 2031

In the year 2024, the Global Steel Pipes & Tubes Market was valued at USD 192,891.84 million. The size of this market is expected to increase to USD 297,786.67 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global steel pipes and tubes market is a crucial segment of the steel industry, driven by rising demand across multiple sectors, including construction, oil and gas, water transportation, automotive, and manufacturing. Steel pipes and tubes are essential for transporting fluids and gases, providing structural support, and enabling critical industrial applications. Their durability, corrosion resistance, and ability to withstand extreme temperatures and pressures make them indispensable in various industries. As infrastructure development and industrialization continue to accelerate worldwide, the demand for high-quality steel pipes and tubes is expected to grow steadily.

One of the key drivers of market growth is the oil and gas industry, which relies heavily on steel pipes for exploration, drilling, and transportation. Seamless and welded steel pipes are widely used in offshore and onshore projects to transport crude oil, natural gas, and refined petroleum products. The increasing focus on energy security, the expansion of pipeline networks, and the rising demand for LNG (liquefied natural gas) have further bolstered the need for high-performance steel pipes. Additionally, advancements in corrosion-resistant and high-strength steel grades are enhancing the efficiency and lifespan of pipelines, ensuring safe and reliable energy transportation.

Beyond the energy sector, the construction and infrastructure industries are major consumers of steel pipes and tubes. Structural steel tubes are extensively used in the development of bridges, buildings, and transportation networks due to their strength and versatility. With rapid urbanization and large-scale investments in smart cities, railways, and highways, the demand for structural and mechanical steel tubes is on the rise. Moreover, water treatment and distribution projects are driving the adoption of steel pipes in municipal and industrial applications. The growing need for efficient water management solutions, especially in developing economies, is further fueling market expansion.

In addition to industry demand, technological advancements and sustainability trends are shaping the future of the global steel pipes and tubes market. Manufacturers are increasingly focusing on producing lightweight, high-strength, and corrosion-resistant steel pipes to enhance efficiency and reduce environmental impact. The shift towards green steel production, driven by carbon neutrality goals and stringent environmental regulations, is encouraging the adoption of cleaner manufacturing processes. As industries continue to prioritize cost-effective and eco-friendly solutions, innovations in steel pipe manufacturing, such as 3D printing and advanced coating technologies, are expected to play a key role in market evolution.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Material
    3. Market Snapshot, By Diameter
    4. Market Snapshot, By Manufacturing Process
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Global Steel Pipes & Tubes Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand from the Oil & Gas Industry
        2. Growth in Infrastructure and Construction Activities
        3. Rising Need for Water Supply and Sewerage Systems
        4. Advancements in Manufacturing Technologies
        5. Expansion of Industrialization in Emerging Markets
      2. Restraints
        1. Volatile Raw Material Prices
        2. Environmental Regulations and Compliance Costs
        3. Intense Competition and Price Pressure
        4. Fluctuating Demand Due to Economic Cycles
        5. High Production Costs for Specialty Steel Pipes
      3. Opportunities
        1. Growing Demand for Stainless Steel Pipes in Various Industries
        2. Technological Advancements in Pipe Manufacturing
        3. Expansion of Renewable Energy Projects Requiring Steel Tubes
        4. Increasing Investment in Water and Wastewater Treatment Infrastructure
        5. Rising Adoption of Steel Pipes in Automotive and Aerospace Sectors
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Steel Pipes & Tubes Market, By Technology , 2021 - 2031 (USD Million)
      1. Seamless
      2. ERW
      3. SAW
    2. Global Steel Pipes & Tubes Market, By Material, 2021 - 2031 (USD Million)
      1. Carbon Steel
      2. Stainless Steel
      3. Alloy Steel
      4. Ductile Iron
      5. Other
    3. Global Steel Pipes & Tubes Market, By Diameter, 2021 - 2031 (USD Million)
      1. Small Diameter (less than 6 inches)
      2. Medium Diameter (6 to 16 inches)
      3. Large Diameter (greater than 16 inches)
    4. Global Steel Pipes & Tubes Market, By Manufacturing Process, 2021 - 2031 (USD Million)
      1. Seamless Pipe
      2. Welded Pipe
      3. Spiral Welded Pipe
      4. Global Steel Pipes & Tubes Market, By Application, 2021 - 2031 (USD Million)
        1. Oil & Gas
        2. Chemical & Petrochemicals
        3. Construction
        4. Automotive & Transportation
        5. Mechanical Engineering
        6. Power Plant
        7. Others
      5. Global Steel Pipes & Tubes Market, By Geography, 2021 - 2031 (USD Million)
        1. North America
          1. United States
          2. Canada
        2. Europe
          1. Germany
          2. United Kingdom
          3. France
          4. Italy
          5. Spain
          6. Nordic
          7. Benelux
          8. Rest of Europe
        3. Asia Pacific
          1. Japan
          2. China
          3. India
          4. Australia & New Zealand
          5. South Korea
          6. ASEAN (Association of South East Asian Countries)
          7. Rest of Asia Pacific
        4. Middle East & Africa
          1. GCC
          2. Israel
          3. South Africa
          4. Rest of Middle East & Africa
        5. Latin America
          1. Brazil
          2. Mexico
          3. Argentina
          4. Rest of Latin America
    5. Competitive Landscape
      1. Company Profiles
        1. ArcelorMittal
        2. United States SteelNippon Steel Corporation
        3. Tata Steel
        4. Jindal Steel & Power Ltd.
        5. Rama Steel Tubes Limited
        6. Steel Authority of India Limited (SAIL)
        7. Hyundai Steel
        8. AM/NS INDIA
        9. VALLOUREC
        10. EVRAZ plc
        11. ThyssenKrupp AG
        12. JFE Steel Corporation
    6. Analyst Views
    7. Future Outlook of the Market