Industrial Tubes Market Report 2026

The industrial tubes market size has grown strongly in recent years. It will grow from $694.53 billion in 2025 to $758.39 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to expansion of oil and gas pipeline networks, growth in power generation facilities, increasing industrial manufacturing activities, rising demand for fluid transportation systems, availability of advanced tube manufacturing technologies.

The industrial tubes market size is expected to see strong growth in the next few years. It will grow to $1.06 trillion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing investments in energy infrastructure modernization, rising adoption of non-steel and composite tubes, expansion of renewable energy projects, growing demand for high-performance tubing solutions, increasing focus on pipeline safety and efficiency. Major trends in the forecast period include increasing demand for corrosion-resistant tubes, rising use of seamless industrial tubes, growing adoption of high-pressure and heat-resistant tubes, expansion of tube usage in energy and infrastructure, enhanced focus on material quality standards.

The expansion of the oil and gas industry is anticipated to drive the growth of the industrial tubes market in the coming years. The oil and gas sector encompasses activities related to the exploration, development, drilling, production, refining, distribution, and transportation of hydrocarbons. Growth in the oil and gas industry is being supported by rising global energy demand, which is encouraging higher production levels and increased investment, thereby expanding operations across the sector. Industrial tubes are engineered to efficiently transport crude and refined petroleum, as well as fuels such as oil, natural gas, and biofuels. For instance, in November 2024, according to the U.S. Energy Information Administration, a US-based federal statistical system for the energy sector, the United States produced an average of 13.4 million barrels of crude oil per day in August 2024. Therefore, the growth of the oil and gas industry is driving demand in the industrial tubes market.

Key players in the industrial tubes market are prioritizing the development of innovative products, such as CO2-reduced steel pipes and tubes, to comply with environmental regulations and minimize their carbon footprint. CO2-reduced steel pipes and tubes are steel products produced through processes that significantly reduce carbon dioxide emissions during manufacturing. For example, in July 2024, The Van Leeuwen Pipe and Tube Group, a Netherlands-based company specializing in steel pipes and pipe and tube applications, introduced the Van Leeuwen Impact brand. This new brand features a range of CO2-reduced steel pipes and tubes sourced from reputable European manufacturers. These products aim to satisfy the growing demand for sustainable solutions across various industrial applications. The Impact brand offerings are versatile and applicable in both the industry and energy sectors, enabling businesses to showcase their commitment to sustainability while achieving their operational objectives.

In February 2023, Texas Pipe & Supply, a US-based provider of carbon and stainless steel pipes, fittings, and flanges, acquired Industrial Valco for an undisclosed amount. This acquisition is intended to strengthen Texas Pipe & Supply's market position, expand its product offerings, and enhance service levels and availability for its customers. Industrial Valco is a US-based company that specializes in industrial tubes.

Major companies operating in the industrial tubes market are Sandvik AB, Vallourec S.A., Tenaris S.A., Nippon Steel Corporation, ArcelorMittal S.A., TATA Steel Limited, United States Steel Corporation, Chelpipe Group, Benteler International AG, Jindal SAW Ltd., Hyundai Steel Co., Ltd., Tubacex S.A., Ratnamani Metals & Tubes Ltd., Fine Tubes Ltd., Zekelman Industries Inc., Pennar Industries Limited, Maharashtra Seamless Limited, Nova Tube Inc., Maruichi Steel Tube Ltd., Webco Industries, Inc., Liberty House Group, Essar Steel India Ltd., MRC Global Inc., OAO TMK, Vallourec Deutschland GmbH, Nippon Steel & Sumitomo Metal Corporation, MST Seamless Tube & Pipe, Metal-Matic Inc., Precision Tube Inc.

Asia-Pacific was the largest region in the industrial tubes market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global industrial tubes market share during the forecast period. The regions covered in the industrial tubes market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial tubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial tube market consists of sales of steel, copper, titanium, and more. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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