Steel Pipes & Tubes Market Analysis Report By Technology, By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17620133  |  Published: September 2020  |  No of Pages: 127
Format: Electronic (PDF)  |  Industry: Metals & Minerals

Industry Insights

The global steel pipes & tubes market size was accounted for USD 142.4 billion in 2019. It is also projected to witness a 6.2% CAGR over the forecasted period, 2020 to 2027. The rising production of oil & gas coupled with the need for their transportation is projected to augment the market growth.

These pipes are manufactured using low carbon and alloy steel. They are largely used for downstream, upstream, and midstream processing of petroleum and crude oil.  Factors such as yield strength, ductility, pressure rating, and inside diameter are taken under consideration for their selection. As the demand for oil and gas is anticipated to propel in the upcoming years, the market is expected to steadily grow in the upcoming years.

U.S. steel pipes & tubes market

The U.S. is one of the major leading oil and gas producers across the globe owing to the discovery of non-conventional oil and gas resources. In 2019, it accounted for the share of 17% across global oil production and 23.0% across global gas production. Moreover, the increasing number of upcoming projects across states like Alaska and Cameron are projected to boost the market growth across this region.

Technology Insights

The seamless technology segment held the largest share of around 54.0% across the global market in 2019. The absence of seam welds in such tubes and pipes is contributing to its market share. Thus, it can be widely used across sectors like power generation, oil & gas, and engineering due to features like no leakage.

The ERW pipes and tubes are also gaining prominence across the global steel pipes and tubes market. The features like modest performance and lower prices are projected to contribute towards their surging demand. Also, rapid advances in welding technology like high-frequency welding which can be deployed in the manufacturing process of ERW tubes are further expected to augment the market growth.

Application Insights

In 2019, the application segment of oil & gas held the highest share of around 51.0% across the global market. It is also expected to continue its dominance over the forecasted period, 2020 to 2027. This can be attributed to the usage of these products to transport, process, and refine crude oil to petroleum products.

Global Steel pipes & tubes market

The chemicals and petrochemicals application segment is expected to register a 5.0% CAGR in the upcoming years. This can be associated with the increasing usage of steel pipes and tubes for the refining process due to their features like enhanced oxidation and corrosion resistance.

Regional Insights

The Asia Pacific accounted for a dominant share of more than 44.0% across the global market in 2019. It is also expected to witness the highest CAGR from 2020 to 2027. This can be attributed to the surging presence of the petrochemical, petroleum, and manufacturing sector across countries like Japan, China, and India.

North America has also witnessed linear market growth for the last few years. Rapid economic growth and more business confidence prevailing among the key players across this region have contributed majorly to the increase in demand for steel pipes and tubes. Moreover, an increase in oil and gas production and boosting manufacturing activity are expected to further fuel up the market demand.

COVID-19 Impact Insights

The steel pipes & tubes market has been negatively impacted owing to the ongoing COVID-19 pandemic. Stagnancy across oil and gas, construction, and manufacturing sectors has reduced the demand for these tubes. Also, a decrease in the availability of laborers due to the imposition of lockdown, hindrance in the supply chain, and economic instability has severely impacted the global market. Moreover, a decrease in the demand for crude oil and petroleum products has hampered the demand for steel pipes and tubes.

Steel Pipes & Tubes Market Share Insights

The key players operating in the market are ArcelorMittal, Tata Steel, Steel Authority of India Limited (SAIL), Jindal Steel & Power Ltd. (JSPL), United States Steel, and Nippon Steel Corporation. Huge investments are being undertaken by these companies to carry out R&D activities. Also, strategies like the expansion of distributor networks are undertaken by these players for widening their geographical reach.

Report Scope



The market size value in 2020

USD 129.2 billion

Market volume in 2020

1,74,723.2 kilotons

The revenue forecast in 2027

USD 231.1 billion

Volume forecast in 2027

2,65,731.4 kilotons

Growth Rate

CAGR of 6.2% from 2020 to 2027 (Revenue-based)

The base year for estimation


Actual estimates/Historic data

2016 - 2018

Forecast period

2020 - 2027

Quantitative Units

Volume in kilotons, revenue in USD million, and CAGR from 2020 to 2027

Report coverage

Volume and revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Technology, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

The U.S.; Germany; Russia; Turkey; China; India; Brazil; Iran

Key companies profiled

ArcelorMittal; United States Steel; Nippon Steel Corp.; Tata Steel; Jindal Steel & Power Ltd. (JSPL); Rama Steel Tubes Ltd.; Steel Authority of India Ltd. (SAIL)

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2027 in each of the sub-segments. For this study, Million Insights has segmented the global steel pipes & tubes market based on technology, application, and region:

• Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Seamless
    • ERW
    • SAW

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Oil & gas
    • Chemicals and petrochemicals
    • Automotive & transportation
    • Mechanical engineering
    • Power plant
    • Construction
    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
    • Europe
        • Germany
        • Russia
        • Turkey
    • The Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • The Middle East & Africa
        • Iran

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