The global pipe market, valued at approximately USD 146 billion in 2024, is expected to reach USD 153.71 billion in 2025 and expand to USD 250.62 billion by 2035. The market is poised for steady growth as the demand for pipes increases across multiple industries, including construction, oil and gas, and water infrastructure.
Advancements in pipe manufacturing technologies, such as improved corrosion resistance and enhanced durability, are contributing to the market's expansion. In 2024, major manufacturers such as Tenaris and Vallourec introduced advanced corrosion-resistant steel pipes for oil and gas applications, which is expected to support demand for metal pipes.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2025 | USD 153.71 billion |
| Projected Market Value in 2035 | USD 250.62 billion |
| Value-based CAGR from 2025 to 2035 | 5.01% |
Metal pipes will dominate the market, holding a significant share due to their strength, reliability, and broad use in industries requiring high-pressure and high-temperature resistance. The growing demand for large-diameter pipes, particularly in the oil and gas sector, will further drive the market's growth. With increasing infrastructure investments in developing economies, demand for pipes will continue to rise steadily.
Key players driving the market include Tenaris, Vallourec, ArcelorMittal, Nippon Steel Corporation, United States Steel Corporation, JFE Steel Corporation, Baosteel Group, Tata Steel, and EVRAZ North America. These companies are focusing on innovations in material science, advanced coatings, and manufacturing techniques to meet the rising demand for durable and sustainable pipes across various sectors.
In March 2025, ArcelorMittal Nippon Steel India (AM/NS India) issued a warning about potential severe impacts on its steel production due to India's import restrictions on low-ash metallurgical coke, a crucial raw material. The company informed the Indian government that local suppliers could not meet its quality requirements, and without additional allocations from Poland and Japan, it might be forced to shut down its blast furnace operations by June 2025 or reduce production starting in April. This situation poses significant challenges to AM/NS India's expansion plans and overall operations in the country.
The pipe market is witnessing sustained growth driven by the expanding demand for durable and high-performance materials across construction, water supply, and energy sectors. Metal pipes will remain the dominant material type, while large-diameter pipes above 700 mm will see significant growth, particularly in the oil and gas industry.
Metal pipes are expected to account for 67.73% of the pipe market in 2025. This segment remains dominant due to the exceptional strength, resistance to pressure, and versatility of metal pipes, making them suitable for a wide range of industrial applications, including construction, energy, and water distribution.
Steel and stainless steel pipes are widely used in high-pressure applications such as oil and gas transportation, chemical plants, and power generation. The shift toward more sustainable and cost-effective materials is also driving innovation in the metal pipe industry, with improvements in corrosion resistance and manufacturing processes.
In 2024, Tenaris introduced its new generation of anti-corrosion steel pipes for offshore drilling, which offer enhanced longevity in harsh environmental conditions. This innovation is likely to sustain the dominance of metal pipes across demanding sectors.
As infrastructure projects expand, particularly in emerging economies, the demand for metal pipes will continue to grow. In the coming years, the adoption of metal pipes will also rise in the water treatment sector, as municipalities invest in better infrastructure to handle growing urban populations.
Pipes with diameters above 700 mm will account for 25.00% of demand in the metal pipe segment in 2025. These large-diameter pipes are particularly critical for the oil and gas sector, where they are used for transporting crude oil, natural gas, and other fluids over long distances.
The global push for energy security and the expansion of offshore and deep-water drilling operations are major drivers of large-diameter pipe demand. Additionally, the growing need for high-efficiency pipelines to transport energy resources from remote areas to processing plants is fueling the demand for pipes with larger diameters.
In 2024, ArcelorMittal and United States Steel Corporation expanded their production capabilities for large-diameter pipes to meet the growing needs of the oil and gas industry. The advancement of pipe-welding technologies and the introduction of higher strength materials are further supporting this segment's growth.
As oil and gas exploration shifts to more challenging environments, including deeper offshore locations and unconventional reserves, large-diameter pipes will continue to play a pivotal role in meeting the global demand for energy transportation infrastructure.
The table below provides the top five countries in terms of revenue, with India holding a prominent position in the market.
The pipe market leads in India due to increasing water management needs driven by population growth and urbanization. With rising demand for water distribution, irrigation systems, and sewage treatment plants, pipes play a crucial role in addressing water scarcity and supporting urban development initiatives, positioning the market at the forefront of infrastructure development.
| Countries | Forecast CAGRs from 2025 to 2035 |
|---|---|
| The United States | 5.9% |
| Canada | 6.62% |
| Italy | 6.44% |
| China | 7.78% |
| India | 8.25% |
Steady infrastructure development projects, including residential, commercial, and industrial construction, primarily drive the pipe market in the United States.
With a robust economy and continuous investments in infrastructure, a consistent demand for pipes for various applications such as plumbing, water supply, and sewage systems.
The pipe market in Canada is significantly utilized due to the expanding oil and gas industry. With vast natural resources and extensive exploration activities, a high demand for oil and gas transportation pipes, including pipelines for crude oil, natural gas, and petroleum products.
The market sees substantial usage driven by renovation and modernization initiatives. With aging infrastructure and the need to upgrade existing systems, a growing demand for pipes for retrofitting projects, urban redevelopment, and infrastructure modernization in cities and municipalities.
The pipe market in China experiences major usage owing to rapid urbanization and industrialization. As the country undergoes extensive urban development and industrial growth, a significant demand for pipes for water supply, sewage systems, construction, and industrial applications to support the expanding infrastructure and manufacturing sectors.
In India, the pipe market is predominantly used due to increasing water management needs. With a growing population and urbanization, a heightened demand for pipes for water distribution, irrigation systems, and sewage treatment plants to address the challenges of water scarcity and urban development.
In the competitive landscape of the pipe market, numerous players, including manufacturers, distributors, and suppliers, vie for market share. Product innovation, quality standards, pricing strategies, and geographical reach shape competition.
Key players often focus on expanding their product portfolios, enhancing production efficiency, and establishing strategic partnerships to gain a competitive edge. Customer service, brand reputation, and adherence to regulatory standards also play pivotal roles in differentiating competitors. Some of the key developments are:
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2025) | USD 153.71 billion |
| Projected Market Size (2035) | USD 250.62 billion |
| CAGR (2025 to 2035) | 5.01% |
| Base Year for Estimation | 2024 |
| Historical Period | 2020 to 2024 |
| Projections Period | 2025 to 2035 |
| Quantitative Units | USD billion for value and million units for volume |
| Segments Analyzed - By Material Type | Plastic (PVC, CPVC, HDPE, LDPE, PP, ABS, Fiberglass), Metal, Composite |
| Segments Analyzed - By Diameter | Plastic (Up to 50 mm, 50-100 mm, 100 to 200 mm, 200-400 mm, 400-700 mm, Above 700 mm), Metal (Up to 50 mm, 50-100 mm, 100 to 200 mm, 200-400 mm, 400-700 mm, Above 700 mm), Composite (Up to 50 mm, 50-100 mm, 100 to 200 mm, 200-400 mm) |
| Regions Covered | North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa |
| Countries Covered | United States, Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, Italy, Spain, Netherlands, China, India, Japan, South Korea, ANZ (Australia & New Zealand), GCC Countries, South Africa |
| Key Players Influencing the Pipe Market | Aliaxis Group, Sekisui Chemical Co. Ltd, Orbia Advance Corp, Astral Polytechnik Ltd, Geberit AG, Finolex Industries Ltd., Formosa Plastic Corporation, Nan Ya Plastics Corp., Advanced Drainage Systems Incorporated, Polypipe Group Plc, AGRU Kunststofftechnik Gesellschaft M.B.H |
| Additional Attributes | Dollar sales by material type and diameter, demand for durable and corrosion-resistant materials in infrastructure, trends in plastic pipe adoption for water & wastewater management, increasing use of composite pipes in industrial applications, regional regulatory and environmental compliance driving adoption, impact of construction and industrial growth on market demand. |
As of 2025, the market for pipe is expected to be valued at USD 153.71 billion.
By 2035, the market value of the pipes is expected to reach USD 250.62 billion.
From 2025 to 2035, the pipe market is expected to flourish at a CAGR of 5.01%.
The metal segment is accounted to hold a market share of 67.73% in 2025.
India is likely the top-performing market, with a CAGR of 8.25%.
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