Global Steel Pipe market was valued at US$ 46,500 million in 2022 and is projected to reach US$ 53,800 million by 2029, exhibiting a CAGR of 2.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Steel pipes are essential tubular products made from steel, designed primarily for the transportation of fluids and gases such as water, oil, gas, and propane. These pipes are manufactured to precise specifications, with the outside and inside diameters serving as key measurements, alongside critical pressure ratings that ensure safe and efficient performance under various operating conditions. Steel pipes are produced through processes like welding or seamless extrusion, offering durability, corrosion resistance, and strength that make them indispensable in infrastructure, energy, and industrial sectors worldwide.

The market for steel pipes remains robust, driven by ongoing investments in energy infrastructure, urbanization, and industrial expansion. Demand is fueled by the global push for reliable pipelines in oil and gas extraction, water distribution systems, and chemical processing facilities. Furthermore, the recovery from recent geopolitical disruptions and the steady growth in construction activities are supporting a stable trajectory for the industry.

Read Full Report Here: Steel Pipe Market – View in Detailed Research Report

Segmentation by Product Type

The steel pipe market can be divided into four key product categories, reflecting variations in manufacturing processes and suitability for specific uses:

1. Welded Steel Pipes

Welded steel pipes are produced by joining steel plates or coils through welding techniques, resulting in cost-effective solutions for a wide range of applications. They are commonly used where high pressure is not a primary concern, offering versatility in sizes and thicknesses.

• Market Insight: Welded steel pipes form the backbone of the market, accounting for a significant portion of global production due to their affordability and ease of manufacturing. They are particularly favored in construction and water supply projects, where large diameters are needed for low-to-medium pressure environments. However, as industries demand higher reliability, there’s a gradual move toward advanced welding methods to improve joint integrity.

• Trend: In Asia-Pacific, particularly in China and India, welded pipes are increasingly adopted for urban infrastructure developments, driven by government initiatives for housing and sanitation. The focus on lightweight designs is also pushing innovations in welding technology to reduce material costs without compromising safety.

2. Seamless Steel Pipes

Seamless steel pipes are manufactured without any welding seams, using extrusion or piercing processes on solid steel billets. This results in superior strength and uniformity, making them ideal for high-pressure and high-temperature applications.

• Market Insight: Seamless pipes command a premium in the oil and gas sector, where their ability to withstand extreme pressures is crucial. They represent a smaller but high-value segment, with demand tied to energy exploration activities. The segment’s growth is supported by stringent safety standards in critical infrastructure.

• Trend: With the global shift toward shale gas and deep-water drilling, seamless pipes are seeing increased adoption in North America and the Middle East. Manufacturers are investing in alloy enhancements to further boost corrosion resistance and extend service life in harsh environments.

3. ERW (Electric Resistance Welded) Pipes

ERW pipes are a subset of welded pipes produced using electric resistance welding, known for their precision and smooth finishes. They are widely used in structural and fluid transport applications requiring consistent quality.

• Market Insight: ERW pipes are the fastest-growing product segment within welded categories, driven by their efficiency in production and suitability for both small and large diameters. They are popular in the construction industry for piling and framing, where cost-effectiveness meets performance needs.

• Trend: European markets are leaning toward ERW pipes for renewable energy projects, such as wind farm foundations, due to their adaptability and compliance with environmental regulations. Automation in ERW lines is enhancing output speeds, meeting rising demands from emerging economies.

4. Spiral Welded Pipes

Spiral welded pipes are formed by spirally winding steel coils and welding along the seam, allowing for the production of very large diameter pipes suitable for long-distance transportation.

• Market Insight: These pipes are essential for major pipeline projects, particularly in oil and gas transmission, where their flexibility in sizing reduces installation costs. Demand remains strong in regions with extensive pipeline networks, though competition from alternative materials poses challenges.

• Trend: In South America, spiral welded pipes are gaining traction for natural gas distribution expansions, supported by investments in regional connectivity. Advances in welding techniques are improving their resistance to seismic activities, appealing to infrastructure projects in volatile areas.

Read Full Report Here: Steel Pipe Market – View in Detailed Research Report

Segmentation by Application

Applications define the true value of steel pipes, as each sector leverages their durability and pressure-handling capabilities to address specific operational needs.

1. Oil & Gas

The oil and gas industry is the largest consumer of steel pipes, utilizing them extensively for exploration, production, and transportation pipelines where high strength and corrosion resistance are vital.

• Insight: Steel pipes in this sector must endure harsh conditions, including high pressures and corrosive substances, making seamless and coated variants particularly essential for upstream and midstream operations.

• Trend: The global energy transition is influencing demand, with a focus on pipes for LNG transport and carbon capture systems. Asia-Pacific’s expanding refining capacity is a key driver, promoting the use of advanced API-grade pipes.

2. Water Supply

In water supply systems, steel pipes facilitate the distribution of potable and industrial water, benefiting from their longevity and ability to handle large volumes over extensive networks.

• Insight: Welded steel pipes dominate here due to cost advantages, often lined or coated to prevent internal corrosion and ensure water quality over decades of service.

• Trend: Urbanization in developing regions is accelerating infrastructure projects, with Europe emphasizing sustainable materials like epoxy-coated pipes to minimize leakage and environmental impact.

3. Chemical Industry

The chemical sector employs steel pipes for transporting corrosive chemicals and gases, requiring specialized alloys and linings to maintain integrity and safety.

• Insight: Seamless pipes are preferred for their uniformity, reducing the risk of failures in high-purity processes, while the segment benefits from steady industrial growth.

• Trend: Increasing production of petrochemicals in the Middle East is boosting demand for lined steel pipes, with innovations in polymer coatings enhancing chemical resistance.

4. Construction

Construction applications include structural supports, scaffolding, and piling, where steel pipes provide robust frameworks for buildings, bridges, and offshore platforms.

• Insight: ERW and spiral welded pipes are staples in this area, offering economical solutions for load-bearing needs, supported by booming real estate in Asia.

• Trend: Sustainable construction practices are driving the use of recycled steel pipes, particularly in North America, where green building certifications favor recyclable materials.

5. Others

Other applications encompass mining, agriculture, and automotive uses, where steel pipes serve in slurry transport, irrigation, and exhaust systems.

• Insight: This diverse segment relies on customized pipes for niche requirements, with growth tied to industrial diversification in emerging markets.

• Trend: The rise of mining in Africa is increasing demand for abrasion-resistant pipes, while agricultural mechanization in South Asia promotes lightweight variants.

Download FREE Sample Report: Steel Pipe Market – View in Detailed Research Report

Segmentation by End-User

1. Oil & Gas Companies

Oil and gas companies represent the largest end-user group for steel pipes, relying on them for drilling, refining, and distribution infrastructure.

• Insight: These users prioritize pipes that meet international standards like API 5L, ensuring reliability in volatile energy markets.

• Trend: Exploration in remote areas, such as the Arctic, is spurring demand for high-strength pipes, with major players like ExxonMobil investing in supply chain resilience.

2. Water Utilities and Municipalities

Water utilities and municipalities use steel pipes for urban water networks, sewage systems, and irrigation projects to support public health and development.

• Insight: Budget constraints favor welded pipes, but upgrades to ductile iron alternatives are challenging the segment’s dominance in some regions.

• Trend: Smart city initiatives in Europe are integrating sensor-equipped pipes for leak detection, enhancing efficiency in water management.

3. Chemical Manufacturers

Chemical manufacturers deploy steel pipes in production plants for safe material handling, focusing on resistance to aggressive substances.

• Insight: This group values customized linings, contributing to steady procurement volumes amid global chemical output growth.

• Trend: Expansion of specialty chemicals in Asia is leading to more orders for alloyed pipes, aligning with stricter safety regulations.

4. Construction and Infrastructure Firms

Construction firms utilize steel pipes in building projects, from residential to heavy civil engineering, leveraging their structural versatility.

• Insight: Demand here is volume-driven, with firms like Bechtel sourcing large quantities for megaprojects, balancing cost and durability.

• Trend: Infrastructure bills in the US are revitalizing the sector, promoting the use of domestically produced pipes to support local economies.

5. Industrial and Manufacturing Companies

Industrial users in mining, power generation, and automotive sectors employ steel pipes for internal processes and equipment fabrication.

• Insight: Growth is moderate, as these end-users often opt for standard specifications, but automation in plants increases precision demands.

• Trend: Electrification trends are boosting pipes for power transmission, with companies like Siemens specifying high-conductivity variants.

The Steel Pipe market is best understood through its segmentation landscape. By product type, welded pipes lead in volume, but seamless and specialized variants are gaining share in high-value applications. By application, oil and gas dominate, yet water and construction offer stable growth amid urbanization. By end-user, energy firms spearhead demand, while infrastructure players and manufacturers ensure diversified expansion.

Read Full Report Here: Steel Pipe Market – View in Detailed Research Report

Download FREE Sample Report: Steel Pipe Market – View in Detailed Research Report

This report aims to provide a comprehensive presentation of the global market for Steel Pipe, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steel Pipe. This report contains market size and forecasts of Steel Pipe in global, including the following market information:

• Global Steel Pipe Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Steel Pipe Market Sales, 2018-2023, 2024-2029, (K MT)
• Global top five Steel Pipe companies in 2022 (%)

TMK Group was the global greatest company in Steel Pipe industry, with the revenue market Share of 8%, followed by Youfa Steel Pipe Group, Nippon Steel, TPCO, JFE Steel Corporation, OMK, Tenaris, Jindal Saw, Hengyang Valin Steel Tube, Severstal, ChelPipe Group, VALLOUREC, Evraz, China Baowu Steel Group, SeAH Holdings Corp, Hyundai Steel, American Cast Iron Pipe Company, Tata Steel, Arabian Pipes Company, Essar Steel and Ispat Industries, Arcelormittal, Zekelman Industries, JSW Steel Ltd, Kingland & Pipeline Technologies, APL Apollo, United States Steel Corporation, Nucor Corporation. Asia-Pacific is the largest Steel Pipe market with about 52% market share. Europe is follower, accounting for about 24% market share.

We surveyed the Steel Pipe manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Steel Pipe Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Steel Pipe Market Segment Percentages, by Type, 2022 (%)

• Welded Steel Pipe
• Seamless Steel Pipe

Global Steel Pipe Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Steel Pipe Market Segment Percentages, by Application, 2022 (%)

• Water
• Oil & Gas
• Chemical Industry
• Others

Global Steel Pipe Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Steel Pipe Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:

• Key companies Steel Pipe revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Steel Pipe revenues share in global market, 2022 (%)
• Key companies Steel Pipe sales in global market, 2018-2023 (Estimated), (K MT)
• Key companies Steel Pipe sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Youfa Steel Pipe Group
• TMK Group
• Nippon Steel
• TPCO
• JFE Steel Corporation
• OMK
• Tenaris
• Jindal Saw
• Hengyang Valin Steel Tube
• Severstal
• ChelPipe Group
• VALLOUREC
• Evraz
• China Baowu Steel Group
• SeAH Holdings Corp
• Hyundai Steel
• American Cast Iron Pipe Company
• Tata Steel
• Arabian Pipes Company
• Essar Steel and Ispat Industries
• Arcelormittal
• Zekelman Industries
• JSW Steel Ltd
• Kingland & Pipeline Technologies
• APL Apollo
• United States Steel Corporation
• Nucor Corporation

Outline of Major Chapters:
Chapter 1: Introduces the definition of Steel Pipe, market overview.
Chapter 2: Global Steel Pipe market size in revenue and volume.
Chapter 3: Detailed analysis of Steel Pipe manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Steel Pipe in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Steel Pipe capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

In summary, the steel pipe market continues to play a pivotal role in global infrastructure and energy systems. With Asia-Pacific holding over half the market share, led by powerhouses like China Baowu Steel Group and TMK Group, the industry is poised for measured growth. Key drivers include infrastructure spending and energy demands, while challenges such as raw material volatility and environmental regulations shape future strategies. Businesses looking to navigate this landscape will benefit from understanding these segments deeply, positioning themselves for sustainable success.

Read Full Report Here: Steel Pipe Market – View in Detailed Research Report

Download FREE Sample Report: Steel Pipe Market – View in Detailed Research Report