The global steel pipe market is poised for steady expansion over the next decade, driven by increasing industrialization, infrastructure development, and the rising demand for energy. With a projected market size of USD 105.6 billion in 2025, the industry is expected to reach USD 154.8 billion by 2035, growing at a CAGR of 3.9%. Steel pipes are critical components in various industries, including oil and gas, construction, water transportation, and manufacturing, making them indispensable to global economic growth.
The steel pipe market is one of the major beneficiaries of the oil and gas sector, the expansion of which drives most of the demand for steel pipes in the world. In fact, steel pipes are the cardinal equipment for hydrocarbons drilling, exploration, and transportation, without which the energy sector will be rendered incapacitated.
The solar energy market has been experiencing the fastest growth in recent years, leading to higher demand for seamless and welded steel pipes that are used in pipeline projects across North America, the Middle East, and Asia-Pacific.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 105.6 billion |
| Industry Value (2035F) | USD 154.8 billion |
| CAGR (2025 to 2035) | 3.9% |
The steel pipe market is growing due to industrialization, and urbanization, the oil and gas sector remains the major patron consumer because steel pipes are used in the drilling, transportation, and refinery processes. On the other hand, the construction industry is largely exploring the application of steel pipes for structural, water transportation, and HVAC systems.
Innovation is gradually coming in through corrosion-resistant coatings and high-strength alloys that are being introduced to the market, thus, improving the life span of steel pipes and their performance. The environmental concerns are also urging the manufacturers to devise processes that will lead to sustainable production thus, emissions and energy consumption will be reduced. The field of mergers, acquisitions, and capacity expansions is the one where the competition is mostly seen as the firms are filling in the holes in order to improve their market position.
The steel pipe market, by material type, is segmented into carbon steel, alloy steel, stainless steel, and tool steel. Based on application, the market includes the automotive industry, construction and mining, textile machinery, chemicals, pharmaceuticals, energy industries, refinery petrochemicals, oil and gas processing, and water treatment facilities. Regionally, the market analysis covers North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, and the Middle East and Africa.
The stainless steel segment, projected to grow at the fastest CAGR of 4.6% from 2025 to 2035, is gaining significant traction across industries due to its superior corrosion resistance, durability, and hygiene properties.
This material is increasingly preferred in water treatment, pharmaceuticals, and food processing sectors, where contamination control and non-reactive surfaces are essential. Stainless steel pipes are well-suited for desalination plants, wastewater systems, and chemical handling lines, offering a longer lifespan compared to carbon or alloy steel in corrosive environments.
Additionally, the global shift toward sustainable infrastructure and green energy solutions has elevated demand for stainless steel in hydrogen pipeline development, as the material can withstand high pressures and aggressive conditions associated with hydrogen transport.
Carbon steel pipes, while dominating in terms of volume, offer strength and cost-efficiency, making them widely used in construction and oil & gas pipelines, though their growth is slightly slower due to corrosion concerns.
Alloy steel pipes, known for high heat resistance and pressure endurance, are heavily used in power generation and petrochemical sectors but face price-related adoption constraints. Tool steel pipes, though niche, cater to specialized applications like high-performance machinery and precision tools, witnessing steady but limited growth due to high costs and limited versatility.
| Material Type | CAGR (2025 to 2035) |
|---|---|
| Stainless Steel | 4.6% |
The oil and gas processing segment is expected to be the fastest-growing application, registering a CAGR of 4.8% from 2025 to 2035. This growth is fueled by increasing global investments in pipeline infrastructure, offshore drilling, and shale gas exploration, particularly in the United States, the Middle East, and Latin America. The demand for high-pressure, corrosion-resistant steel pipes remains strong in this sector due to the harsh environmental and operational conditions encountered in extraction and transportation activities.
Other key application areas include the construction and mining sectors, which remain one of the largest consumers of steel pipes globally. Urban infrastructure development, tunnel boring, and bridge construction across Asia and Africa continue to generate steady demand for strong and cost-efficient pipe materials.
The automotive industry also contributes significantly, using precision steel tubes in engine components, braking systems, and exhaust lines. Meanwhile, the energy industry, including power plants and renewable installations, increasingly incorporates steel pipes for thermal and structural support systems.
Sectors such as pharmaceuticals and chemicals prefer stainless steel pipes due to their resistance to reactive substances and high hygiene standards. Textile machinery relies on alloy steel pipes for their wear resistance and mechanical stability.
Additionally, water treatment facilities are rapidly adopting steel piping systems to modernize desalination and wastewater processing plants, backed by growing government initiatives focused on clean water access and environmental sustainability.
| Application | CAGR (2025 to 2035) |
|---|---|
| Oil and Gas Processing | 4.8% |
The North American steel pipe market is characterized by stable growth, particularly owing to oil and gas exploration, infrastructure construction, and manufacturing sector activities. The United States and Canada remain the major players in the region, with a strong increase in the demand for pipeline projects for transporting natural gas and crude oil.
The USA has been particularly characterized by huge capital investments in shale gas exploration, consequently, the demand for high-strength, seamless steel pipes has increased. In addition, government incentives enabling domestic energy production and construction of additional pipelines, such as, the Keystone XL and Dakota Access pipelines, are the constant source of great possibilities for steel pipe manufacturers.
Apart from the energy sector, the construction industry is also the large user of steel pipes in North America. The increased number of new commercial as well as residential projects alongside the replacement of outdated water and sewage systems has been the driving force behind the rising demand for welded and galvanized steel pipes.
A vital factor in the region is the surging trend for the adoption of green energy solutions, including hydrogen pipeline networks, and the construction of offshore wind farms. The construction sector in Europe is the other main contributor to the steel pipe business, increasing investments in the construction, rehabilitation of infrastructure and the smart city schemes.
The efforts of several European governments to modernize their aqueducts, grids of water supply, and wastewater facilities are giving rise to the high durability, and corrosion-resistant pipes, which are the necessities sought after.
The Middle East & Africa (MEA) steel pipe market is being heavily driven by the oil and gas sector，the region has the largest deposits of crude oil and natural gas in the world. Countries like Saudi Arabia, the UAE, Qatar, and Kuwait are launching multiple pipeline infrastructure expansion programs for the aforementioned reasons, thus, raising their oil and gas export capabilities. The increase in offshore drilling and deep-sea exploration has also led to the need for high-strength, corrosion-resistant steel pipes, which are used in conditions of coral reef, etc.
In addition to oil and gas, the construction industry in the Gulf Cooperation Council (GCC) is making headway, buoyed by urbanization, mega-infrastructure projects, and initiatives to diversify economies.
The Rest of the World (RoW) steel pipe market being formed in different regions such as Latin America, Southeast Asia, and Oceania is experiencing industrial growth as well as massive infrastructural development. In particular, the oil and gas exploration in Latin America, which is led by countries such as Brazil, Mexico, and Argentina, has picked up and thus, the demand for seamless and welded steel pipes has increased.
Southeast Asia is experiencing a boom in the steel pipe market, thanks to the rapid urbanization, industrialization of the region, and energy infrastructure projects. Countries such as Indonesia, Vietnam, and Thailand are heavy investors in the field of smart city construction, metro rail projects, and energy production structures, and thus the galvanized steel pipe demand has risen.
Challenges
Fluctuating Raw Material Prices and Supply Chain Disruptions
A major problem hindering the growth of the steel pipe market is the fluctuation of raw material prices, especially those of iron ore, scrap steel, and coking coal, which are the most important materials used in steel production. Price shifts are mostly influenced by the global demand-supply relationship, trade restrictions, and geopolitical disputes.
For example, China, the world's largest producer and consumer of steel, is a key determinant of steel prices worldwide. Any changes in policy, like export bans or production cuts, might cause the international market to be hit with subsequent changes that make it harder for manufacturers to stabilize their costs.
On top of that, supply chain disruptions brought about by pandemics, natural disasters, or international conflicts can exacerbate the situation, resulting in raw material shortages and transportation delays.
Environmental Challenges and CO₂ Emission Regulations
Carbon emissions have increased significantly due to the operations of the steel industry, and it has been one of the major contributors to the global carbon emissions amounting to around 7-9% cumulated of the world's total CO₂ emissions. This has resulted in the imposition of stricter regulations by the government concerning the production of carbon by the industry, which is now the subject of environmental damage detectable at the footprints people make.
The manufacturers of steel pipes are confronted with these newly developed regulations as they have to come up with more environmentally friendly production methods, energy-efficient processes, and use of materials that are low in emissions.
A notable regulatory measure taking hold of the steel pipe market is the encouragement of hydrogen-based steel production instead of using electric arc furnaces (EAFs) which are pretpollutant compared to traditional blast furnaces.
Escalating Competition and Market Fragmentation
The steel pipe market is very competitive and fragmented, with a multitude of big multinational corporations, regional manufacturers, and fresh players fighting to add more market share. On the one hand, larger companies enjoy the benefit of the scale of manufacturing, advanced technology, and global distribution networks, on the other hand, smaller manufacturers have constant troubles competing with bigger ones in the pricing, quality, and innovation categories. This close competition forces the manufacturers to tighten their profit margins which often leads to an inability to grow over a long period of time.
Moreover, the entry of cheap steel producing nations, especially in China and India, has intensified global market price competition. Chinese manufacturers of steel, who have the advantage of government support and production capacity being at the top, are so many times the ones who cause the market to be overwhelmed by cheaper steel pipes. Unfortunately, this situation makes it impossible for the producers in territories like Europe and North America to contend.
Opportunities
Heightened Demand for Hydrogen Pipelines and Green Energy Infrastructure
A noteworthy and promising opportunity for the steel pipe market lies in the ongoing allocation of financial resources to develop hydrogen pipelines and green energy infrastructure. Hydrogen, as one of the crucial side products of the transition to green energy, is seen as a key alternative to natural gas. In industrial utility, water transport, and power generation it can be used; however, to ensure efficient and safe hoeing, the gas must be carried through a proper pipeline. Steel pipes are paramount in hydrogen and distribution infrastructure, outlining a very strong development path for the manufacturers.
Governments and corporations are the main parters in financing hydrogen pipelines network constructors for the growth of hydrogen-carrying economy. In an endeavor to create a 40000km hydrogen piping network by 2040, the EU Hydrogen Strategy is shining a light on it while nations like Japan, South Korea, and the US too are branding vast hydrogen infrastructure projects.
The Development of Smart Pipeline Technologies and Digital Monitoring Systems
The first dealing of the smart pipeline technology and the digital monitoring system is a significant opportunity for the development of the steel pipe market. In this way, the companies are not only saving energy and space but are also providing a safer environment for the public and protecting their reputations.
Oil and gas as the industry, water distribution among others, and industrial manufacturing sectors are utilizing IoT technologies, data algorithms, and AI preventive maintenance more than before in order to increase pipeline safety and performance. Steel pipe factories that incorporate smart technology into their output will have the chance to diversify their products and become more competitive among rivals.
Smart pipelines incorporate automated monitoring systems equipped with sensors that register and address pressure, corrosion, leaks, and structural integrity on an instant basis. These systems enable the operators to discover the weakness at the earliest possible point so as to avoid huge costs of maintenance, and environmental threats due to oil spills or water contamination.
Rising Demand in Emerging Markets and Infrastructure Development
The steel pipe market is on the fast track as the cities expand sharply in the interface of urbanization and industrialization which are leading to massive investments both in Asia Pacific, Latin America, and Africa. The developing countries, in the bid to bring water and electricity and other amenities to their people, are starting a lot of different proj. outs, such as road networks, drain water systems, powerhouses, and industrial parks, all of which require good quality steel pipes.
The brightest economic hubs in developing Asia like China, India, Indonesia, and Vietnam are witnesses of the intense investments in the construction of smart cities, development of rail networks, and building of energy infrastructure. India’s "Make in India" initiative and China’s Belt and Road Initiative (BRI) are the main reasons for the increasing wealth of construction-grade and industrial steel pipes.
The steel pipe market has been through a steady phase of growth from the year of 2020 until 2024, thanks to infrastructure projects being on the rise, the fast pace of industrialization along with increasing investments in the oil and gas sector. Rising demand for seamless and welded steel pipes has been linked to the sector's growth which has been further driven by the construction, water distribution, and energy transportation sectors. The market has also been affected by the fluctuating prices of raw materials, strict environmental regulations and, of course, the geopolitical conflict constantly disrupting the supply chain.
As to what the industry looks like in years to come, it is anticipated that growing technology improvements and innovation in the sector will lead to transformational changes. By example, corrosion-resistant materials, lightweight steel alloys, and digitalized supply chain management are likely to impact significantly on the output of the steel pipe market.
| Market Shift | 2020 to 2024 |
|---|---|
| Regulatory Landscape | Compliance with emission regulations and safety standards. |
| Technological Advancements | Adoption of automation in pipe manufacturing and improvements in welding techniques. |
| Industry-Specific Demand | Strong demand from oil & gas, construction, and water transportation sectors. |
| Sustainability & Circular Economy | Increased use of recycled steel and energy-efficient production processes. |
| Production & Supply Chain | Challenges in raw material procurement and logistics due to global supply chain disruptions. |
| Market Growth Drivers | Urbanization, infrastructural development, and oil & gas exploration. |
| Market Shift | 2025 to 2035 |
|---|---|
| Regulatory Landscape | Stricter environmental policies, carbon-neutral manufacturing initiatives. |
| Technological Advancements | AI-driven quality control, enhanced corrosion resistance, and smart pipeline monitoring systems. |
| Industry-Specific Demand | Rising need for hydrogen pipelines, renewable energy infrastructure, and advanced urban drainage systems. |
| Sustainability & Circular Economy | Expansion of green steel manufacturing, carbon capture in production, and lifecycle assessments for sustainability. |
| Production & Supply Chain | Enhanced localized manufacturing, digital twin technology for supply chain optimization, and alternative raw material sourcing. |
| Market Growth Drivers | Green energy transition, increasing investments in desalination and wastewater management, and expanding industrial automation. |
The demand for steel pipes has increased in the United States due to the oil and gas sector, construction sector, and water projects. Investors in pipeline infrastructure construction and, in addition, the business of manufacturing it, are major contributors to the growth of the market.
A return of domestic steel production was another big part of it, and the federal policies that supported industrial growth were the reason for it. The increase in the exploration of shale gas has caused a problem for the steel pipe industry, and this need fortifies it even more. Further, the disposal of old water treatment facilities and the construction of newer pipes and wastewater networks will make the steel pipe industry even more lucrative.
| Country | CAGR (2025 to 2035) |
|---|---|
| United States | 4.2% |
The United Kingdom market is said to be mainly caused by the construction of renewable energy projects, urban infrastructure, and real estate development. Brexit-related policy changes and trade pacts determine market-related parameters. Transition to green materials and sustainable infrastructure construction has resulted in the need for high-yield, corrosion-resistance steel pipes.
Considerable investments in offshore wind farms and hydrogen energy infrastructure are items a market anticipates among the principal drivers. The UK government aims for carbon neutrality besides practicing a circular economy which also promotes the demand for eco-steel production.
| Country | CAGR (2025 to 2035) |
|---|---|
| United KIngdom | 3.5% |
The European Union market wall composed of green energy programs, rise of the automotive sector, and public infrastructure schemes. The EU's decarbonization and circular economy policies play a crucial role in the steel sector's production and usage. A number of EU countries have come up with hydrogen pipeline schemes, district heating networks, and high-speed rail lines, all of which require a lot of steel pipes to make these projects feasible.
The Green Deal is killing two birds with one stone; it moves the steel sector towards cutting carbon emissions, and it also leviates the industry by increasing the application of technological innovations. The electric vehicle (EV) sector's move toward use (EVs) is a driving force for the lightweight and high-strength steel tube industry's progress.
| Region | CAGR (2025 to 2035) |
|---|---|
| European Union | 3.7% |
Japan is on the frontline of steel pipe markets due to superb manufacturing, renewal of old infrastructure, and development of new technologies in steel production. The country is famous for producing high-quality kinds of steel which is the reason behind its fantastic market position. Interest in steel pipes that can resist seismic activity has grown due to the seismic activity problems the country faces.
The steel-producing facilities of the country have shifted their focus on energy-efficient production methods, which lead to fewer carbon emissions. The rise of the electric vehicle (EV) sector has further boosted the request of lightweight pipes in the machines and battery structures of automobiles.
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 3.6% |
South Korea’s steel pipe industry benefits from shipbuilding, automotive, and infrastructure growth. Government policies support smart manufacturing, and export-driven production remains crucial for market expansion. The country’s dominant position in the shipbuilding sector, particularly for LNG carriers and offshore projects, has driven steady demand for steel pipes.
Additionally, advancements in automation and robotics within steel mills have improved production efficiency and quality. The Korean government is also incentivizing eco-friendly and high-strength steel applications in construction and infrastructure development, further propelling market growth.
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 3.8% |
The steel pipe market is essential for numerous sectors such as construction, oil and gas, water supply, and manufacturing. Rising infrastructure development, energy transportation demand, and pipe manufacturing technology advancement are the main factors driving the market. The industry is very competitive, and it includes both global and regional players who sell different products, especially seamless and welded steel pipes.
Competition in the market is primarily driven by key market dynamics such as sustainability measures, legal adherence, material breakthroughs, and strategic mergers and acquisitions. The trend of using even more corrosion-resistant and high-strength steel pipes also continues, thus influencing storage development overall.
Market Share Analysis by Company
| Company Name | Estimated Market Share (%) |
|---|---|
| ArcelorMittal | 12-16% |
| Nippon Steel Corporation | 10-14% |
| Tenaris S.A. | 8-12% |
| Vallourec S.A. | 6-10% |
| United States Steel Corporation | 5-9% |
| Other Companies (combined) | 45-55% |
| Company Name | Key Offerings/Activities |
|---|---|
| ArcelorMittal | Produces high-strength and corrosion-resistant steel pipes. Focus on sustainability. |
| Nippon Steel Corporation | Develops advanced seamless and welded steel pipes for various industries. |
| Tenaris S.A. | Specializes in oil and gas pipelines with durable steel materials. |
| Vallourec S.A. | Offers premium steel pipes with innovative coatings and welding techniques. |
| United States Steel Corporation | Supplies large-diameter and heavy-duty pipes for industrial applications. |
Key Company Insights
ArcelorMittal
ArcelorMittal has become a significant brand in the steel pipe sector produced in the company. It stocks items for the energy, construction, and industrial applications sectors. A company concerned about the planet is engaged in sustainable steel solutions, so they have a plan of cutting emissions and improving the production process. Due to its global reach, the company keeps expanding its product line, including steel pipes for infrastructure and transportation issues that are performing well.
Nippon Steel Corporation
Nippon Steel Corporation is popular for being a frontrunner in the manufacturing process of steel pipes. They produce both the seamless and welded options. The firm devotes a lot of financial and human resources to research and innovation with a view to the long term durability and improved performance of its pipes. In addition to that, the steel firm produces ecological carbon footprints by applying environmental-friendly processes thus ensuring its market competitiveness intentionally in Asia and the rest of the globe.
Tenaris S.A.
Tenaris is dedicated to the production of steel pipes used in the oil and gas industry, through which it guarantees high strength and reliability. The company includes the latest technology to produce seamless steel pipes that are resistant to the toughest environmental conditions. By way of strong connections in the energy sector, Tenaris is on the path of continual expansion to North America, South America, and Europe.
Vallourec S.A.
Vallourec S.A. is an elite manufacturer of steel pipes who excels at high-performance coatings and welding techniques. The innovation of energy, wind power, and industrial markets is the primary goal of the company. Vallourec's research and development program that firmly supports this objective is the reason for the new breakthroughs in steel pipe technology that are required for the strict mandates of the industry.
United States Steel Corporation
United States Steel Corporation, which is one of the biggest producers of large-diameter steel pipes in the North American market, is the main player in this sector. The company utilizes its fully integrated system of steel production to cut down on the production cost while maintaining the highest of standards. Automation and efficiency improvements through investments are still on the agenda for the US Steel.
In material type, the industry is divided into Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel
In application the industry is divided into Automotive industry, Construction and mining, Textile Machinery, Chemicals, Pharmaceuticals, Energy industries, Refinery Petrochemicals, Oil and Gas Processing, Water treatment facilities
The report covers key regions, including North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa (MEA).
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Western Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Application, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by Application, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 16: Global Market Attractiveness by Material Type, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 34: North America Market Attractiveness by Material Type, 2023 to 2033
Figure 35: North America Market Attractiveness by Application, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Material Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Material Type, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Material Type, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Material Type, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Material Type, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Material Type, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The global Steel Pipe market is projected to reach USD 105.6 billion by the end of 2025.
The market is anticipated to grow at a CAGR of 3.9% over the forecast period.
By 2035, the Steel Pipe market is expected to reach USD 154.8 billion.
The carbon steel pipe segment is expected to dominate the market, due to their high strength, durability, cost-effectiveness, and versatility across industries like construction, oil & gas, and manufacturing, ensuring widespread adoption and reliability.
Key players in the Steel Pipe market include ArcelorMittal, Nippon Steel Corporation, Tenaris S.A., Vallourec S.A., United States Steel Corporation.
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Steel Pipe Market
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