The iron and steel pipe and tube market size has grown steadily in recent years. It will grow from $208.73 billion in 2024 to $216.95 billion in 2025 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to infrastructure development projects, industrialization and economic growth, oil and gas exploration, government investments, urbanization and construction boom.
The iron and steel pipe and tube market size is expected to see steady growth in the next few years. It will grow to $243.57 billion in 2029 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to renewable energy projects, upgrades in water and wastewater systems, green building initiatives, global trade dynamics, infrastructure resilience projects. Major trends in the forecast period include technological advancements, rising demand in construction, focus on sustainable practices, advancements in coating technologies, technological innovations in material composition.
The anticipated increase in oil and gas production is set to drive the growth of the iron and steel pipes and tubes market. The oil and gas sectors encompass various activities related to hydrocarbon exploration, development, drilling, production, refining, and transportation. Iron and steel pipes and tubes play a crucial role in the oil and gas industry, ensuring the safe transport of liquids such as oil and gas due to their strength and ability to withstand extreme temperatures. As of March 2023, the Energy Information Administration (EIA) reported a rise in oil and gas production from 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in 2023, highlighting the driving force behind the iron and steel pipes and tubes market.
The rising demand in the construction industry is expected to drive the growth of the iron and steel pipes and tubes market in the future. The construction industry involves a wide range of activities related to the planning, design, development, and construction of structures, facilities, and infrastructure. Iron and steel pipes and tubes are utilized in construction for their strength, versatility, durability, cost-effectiveness, recyclability, and their contribution to the safety, efficiency, and longevity of various structures. For example, a report published by Oxford Economics, a UK-based economic information services company, in March 2023, projected that the industry would grow from $9.7 trillion in 2022 to approximately $13.9 trillion by 2037, representing a compound annual growth rate (CAGR) of about 3.6%. Therefore, the increasing demand in construction is driving the growth of the iron and steel pipes and tubes market.
Technological advancement is a significant trend gaining traction in the iron and steel pipes and tubes market. Leading companies in this sector are concentrating on developing innovative products to solidify their market presence. For example, in October 2024, Telaris, an Italy-based global manufacturer and supplier of steel pipes, introduced Reliable hydrogen storage systems designed to enhance safety and efficiency in hydrogen applications. These state-of-the-art systems use advanced steel alloys to ensure high strength and durability while also tackling issues like hydrogen embrittlement and corrosion resistance. This launch aligns with the increasing demand for sustainable energy solutions, supporting the hydrogen economy by offering robust storage options capable of withstanding the demanding conditions of high-pressure environments.
Companies operating in the PET bottles market are prioritizing environmentally friendly initiatives, such as utilizing recycled materials, adopting sustainable production practices, and developing biodegradable alternatives to improve product sustainability and meet consumer demand for eco-friendly packaging solutions. For instance, in July 2022, Coca-Cola India, a subsidiary of The Coca-Cola Company, rolled out 100% recycled PET (rPET) bottles across the U.S. and Canada, representing a significant step toward reducing plastic waste and minimizing greenhouse gas emissions through the use of recycled materials.
In July 2022, Tenaris S.A., a Luxembourg-based producer of steel pipes, acquired Benteler Steel & Tube Manufacturing Corporation for an undisclosed sum. This acquisition has allowed Tenaris to broaden its product offerings and enhance its local manufacturing footprint in the United States. Benteler Steel & Tube Manufacturing Corporation is a U.S.-based manufacturer of seamless steel pipes.
Major companies operating in the iron and steel pipe and tube market include Nippon Steel Corporation, US Steel Tubular Products Inc., Sandvik AB, Zaffertec SL, ArcelorMittal SA, United Metallurgical Company JSC, Samuel Associated Tube Group, Tubos Reunidos SA, Sumitomo Corporation, ChelPipe Group, Wheatland Tube Company, Aaditya Stainless Pvt. Ltd., Anand Seamless Tubes Pvt. Ltd., Bhuwalka Pipes, American Cast Iron Pipe Company, Ansteel Group Corporation Limited, Baoshan Iron and Steel Co. Ltd., Baotou Iron and Steel Group Co. Ltd., Borusan Mannesmann Boru Sanayi ve Ticaret AS, China Baowu Steel Group Corp. Ltd., Choo Bee Metal Industries Berhad, Hebei Iron and Steel Group Co. Ltd., Hunan Standard Steel Co. Ltd., JFE Holdings Inc., Jiangsu Changbao Steel Tube Co. Ltd., Jindal Steel & Power Ltd., Maharashtra Seamless Limited, Mannesmann Stainless Tubes GmbH, Maruichi Steel Tube Ltd., Northwest Pipe Company, Nucor Corporation, Pohang Iron and Steel Company, Ratnamani Metals & Tubes Ltd., Shandong Iron and Steel Group Co. Ltd., Tata Steel Limited, Tenaris S.A., Tianjin Pipe (Group) Corporation, TMK Group, United States Steel Corporation, Vallourec S.A., Welspun Corp Limited.
Asia-Pacific was the largest region in the iron and steel pipes and tubes market in 2024. The regions covered in the iron and steel pipe and tube market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iron and steel pipe and tube market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Iron pipes and tubes are circular tubular devices used for the distribution of fluids and gases. Steel pipes and tubes, on the other hand, are long, hollow tubes utilized for various purposes, including controlled fuel injection and car suspension systems. They offer flexibility under extreme conditions, helping prevent spills or leaks.
The main types of iron and steel pipes and tubes are seamless and welded. Seamless pipes and tubes are those without welding seams. These pipes and tubes are made from various materials, including steel and alloys, copper and alloys, aluminum and magnesium alloys, nickel and alloys, among others. They find applications in various industries, serving end-users such as oil and gas, power generation, automotive, aviation, construction, the process industry, and others.
The iron and steel pipes and tubes market research report is one of a series of new reports that provides iron and steel pipes and tubes market statistics, including iron and steel pipes and tubes industry global market size, regional shares, competitors with an iron and steel pipes and tubes market share, detailed iron and steel pipes and tubes market segments, market trends and opportunities, and any further data you may need to thrive in the iron and steel pipes and tubes industry. This iron and steel pipes and tubes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The iron and steel pipe and tube market consists of sales of carbon steel, stainless steel, and alloys. 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.
This product will be delivered within 3-5 business days.
The iron and steel pipe and tube market size is expected to see steady growth in the next few years. It will grow to $243.57 billion in 2029 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to renewable energy projects, upgrades in water and wastewater systems, green building initiatives, global trade dynamics, infrastructure resilience projects. Major trends in the forecast period include technological advancements, rising demand in construction, focus on sustainable practices, advancements in coating technologies, technological innovations in material composition.
The anticipated increase in oil and gas production is set to drive the growth of the iron and steel pipes and tubes market. The oil and gas sectors encompass various activities related to hydrocarbon exploration, development, drilling, production, refining, and transportation. Iron and steel pipes and tubes play a crucial role in the oil and gas industry, ensuring the safe transport of liquids such as oil and gas due to their strength and ability to withstand extreme temperatures. As of March 2023, the Energy Information Administration (EIA) reported a rise in oil and gas production from 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in 2023, highlighting the driving force behind the iron and steel pipes and tubes market.
The rising demand in the construction industry is expected to drive the growth of the iron and steel pipes and tubes market in the future. The construction industry involves a wide range of activities related to the planning, design, development, and construction of structures, facilities, and infrastructure. Iron and steel pipes and tubes are utilized in construction for their strength, versatility, durability, cost-effectiveness, recyclability, and their contribution to the safety, efficiency, and longevity of various structures. For example, a report published by Oxford Economics, a UK-based economic information services company, in March 2023, projected that the industry would grow from $9.7 trillion in 2022 to approximately $13.9 trillion by 2037, representing a compound annual growth rate (CAGR) of about 3.6%. Therefore, the increasing demand in construction is driving the growth of the iron and steel pipes and tubes market.
Technological advancement is a significant trend gaining traction in the iron and steel pipes and tubes market. Leading companies in this sector are concentrating on developing innovative products to solidify their market presence. For example, in October 2024, Telaris, an Italy-based global manufacturer and supplier of steel pipes, introduced Reliable hydrogen storage systems designed to enhance safety and efficiency in hydrogen applications. These state-of-the-art systems use advanced steel alloys to ensure high strength and durability while also tackling issues like hydrogen embrittlement and corrosion resistance. This launch aligns with the increasing demand for sustainable energy solutions, supporting the hydrogen economy by offering robust storage options capable of withstanding the demanding conditions of high-pressure environments.
Companies operating in the PET bottles market are prioritizing environmentally friendly initiatives, such as utilizing recycled materials, adopting sustainable production practices, and developing biodegradable alternatives to improve product sustainability and meet consumer demand for eco-friendly packaging solutions. For instance, in July 2022, Coca-Cola India, a subsidiary of The Coca-Cola Company, rolled out 100% recycled PET (rPET) bottles across the U.S. and Canada, representing a significant step toward reducing plastic waste and minimizing greenhouse gas emissions through the use of recycled materials.
In July 2022, Tenaris S.A., a Luxembourg-based producer of steel pipes, acquired Benteler Steel & Tube Manufacturing Corporation for an undisclosed sum. This acquisition has allowed Tenaris to broaden its product offerings and enhance its local manufacturing footprint in the United States. Benteler Steel & Tube Manufacturing Corporation is a U.S.-based manufacturer of seamless steel pipes.
Major companies operating in the iron and steel pipe and tube market include Nippon Steel Corporation, US Steel Tubular Products Inc., Sandvik AB, Zaffertec SL, ArcelorMittal SA, United Metallurgical Company JSC, Samuel Associated Tube Group, Tubos Reunidos SA, Sumitomo Corporation, ChelPipe Group, Wheatland Tube Company, Aaditya Stainless Pvt. Ltd., Anand Seamless Tubes Pvt. Ltd., Bhuwalka Pipes, American Cast Iron Pipe Company, Ansteel Group Corporation Limited, Baoshan Iron and Steel Co. Ltd., Baotou Iron and Steel Group Co. Ltd., Borusan Mannesmann Boru Sanayi ve Ticaret AS, China Baowu Steel Group Corp. Ltd., Choo Bee Metal Industries Berhad, Hebei Iron and Steel Group Co. Ltd., Hunan Standard Steel Co. Ltd., JFE Holdings Inc., Jiangsu Changbao Steel Tube Co. Ltd., Jindal Steel & Power Ltd., Maharashtra Seamless Limited, Mannesmann Stainless Tubes GmbH, Maruichi Steel Tube Ltd., Northwest Pipe Company, Nucor Corporation, Pohang Iron and Steel Company, Ratnamani Metals & Tubes Ltd., Shandong Iron and Steel Group Co. Ltd., Tata Steel Limited, Tenaris S.A., Tianjin Pipe (Group) Corporation, TMK Group, United States Steel Corporation, Vallourec S.A., Welspun Corp Limited.
Asia-Pacific was the largest region in the iron and steel pipes and tubes market in 2024. The regions covered in the iron and steel pipe and tube market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iron and steel pipe and tube market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Iron pipes and tubes are circular tubular devices used for the distribution of fluids and gases. Steel pipes and tubes, on the other hand, are long, hollow tubes utilized for various purposes, including controlled fuel injection and car suspension systems. They offer flexibility under extreme conditions, helping prevent spills or leaks.
The main types of iron and steel pipes and tubes are seamless and welded. Seamless pipes and tubes are those without welding seams. These pipes and tubes are made from various materials, including steel and alloys, copper and alloys, aluminum and magnesium alloys, nickel and alloys, among others. They find applications in various industries, serving end-users such as oil and gas, power generation, automotive, aviation, construction, the process industry, and others.
The iron and steel pipes and tubes market research report is one of a series of new reports that provides iron and steel pipes and tubes market statistics, including iron and steel pipes and tubes industry global market size, regional shares, competitors with an iron and steel pipes and tubes market share, detailed iron and steel pipes and tubes market segments, market trends and opportunities, and any further data you may need to thrive in the iron and steel pipes and tubes industry. This iron and steel pipes and tubes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The iron and steel pipe and tube market consists of sales of carbon steel, stainless steel, and alloys. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Iron and Steel Pipe and Tube Market Characteristics3. Iron and Steel Pipe and Tube Market Trends and Strategies4. Iron and Steel Pipe and Tube Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Iron and Steel Pipe and Tube Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Iron and Steel Pipe and Tube Market34. Recent Developments in the Iron and Steel Pipe and Tube Market
5. Global Iron and Steel Pipe and Tube Growth Analysis and Strategic Analysis Framework
6. Iron and Steel Pipe and Tube Market Segmentation
7. Iron and Steel Pipe and Tube Market Regional and Country Analysis
8. Asia-Pacific Iron and Steel Pipe and Tube Market
9. China Iron and Steel Pipe and Tube Market
10. India Iron and Steel Pipe and Tube Market
11. Japan Iron and Steel Pipe and Tube Market
12. Australia Iron and Steel Pipe and Tube Market
13. Indonesia Iron and Steel Pipe and Tube Market
14. South Korea Iron and Steel Pipe and Tube Market
15. Western Europe Iron and Steel Pipe and Tube Market
16. UK Iron and Steel Pipe and Tube Market
17. Germany Iron and Steel Pipe and Tube Market
18. France Iron and Steel Pipe and Tube Market
19. Italy Iron and Steel Pipe and Tube Market
20. Spain Iron and Steel Pipe and Tube Market
21. Eastern Europe Iron and Steel Pipe and Tube Market
22. Russia Iron and Steel Pipe and Tube Market
23. North America Iron and Steel Pipe and Tube Market
24. USA Iron and Steel Pipe and Tube Market
25. Canada Iron and Steel Pipe and Tube Market
26. South America Iron and Steel Pipe and Tube Market
27. Brazil Iron and Steel Pipe and Tube Market
28. Middle East Iron and Steel Pipe and Tube Market
29. Africa Iron and Steel Pipe and Tube Market
30. Iron and Steel Pipe and Tube Market Competitive Landscape and Company Profiles
31. Iron and Steel Pipe and Tube Market Other Major and Innovative Companies
35. Iron and Steel Pipe and Tube Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Iron and Steel Pipe and Tube Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on iron and steel pipe and tube market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for iron and steel pipe and tube ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iron and steel pipe and tube market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Seamless Pipes and Tubes; Welded Pipes and Tubes2) by Material: Steel and Alloys; Cooper and Alloys; Aluminum and Magnesium Alloys; Nickel and Alloys; Other Materials
3) by End-Users: Oil and Gas; Power Generation; Automotive; Aviation; Construction; Process Industry; Other End Users
Subsegments:
1) by Seamless Pipes and Tubes: Carbon Steel Seamless Pipes; Alloy Steel Seamless Pipes; Stainless Steel Seamless Pipes; Other Seamless Pipes2) by Welded Pipes and Tubes: Electric Resistance Welded (ERW) Pipes; Longitudinally Welded Pipes; Spiral Welded Pipes; Submerged Arc Welded (SAW) Pipes; Other Welded Pipes
Key Companies Mentioned: Nippon Steel Corporation; US Steel Tubular Products Inc.; Sandvik AB; Zaffertec SL; ArcelorMittal SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Iron and Steel Pipe and Tube market report include:- Nippon Steel Corporation
- US Steel Tubular Products Inc.
- Sandvik AB
- Zaffertec SL
- ArcelorMittal SA
- United Metallurgical Company JSC
- Samuel Associated Tube Group
- Tubos Reunidos SA
- Sumitomo Corporation
- ChelPipe Group
- Wheatland Tube Company
- Aaditya Stainless Pvt. Ltd.
- Anand Seamless Tubes Pvt. Ltd.
- Bhuwalka Pipes
- American Cast Iron Pipe Company
- Ansteel Group Corporation Limited
- Baoshan Iron and Steel Co. Ltd.
- Baotou Iron and Steel Group Co. Ltd.
- Borusan Mannesmann Boru Sanayi ve Ticaret AS
- China Baowu Steel Group Corp. Ltd.
- Choo Bee Metal Industries Berhad
- Hebei Iron and Steel Group Co. Ltd.
- Hunan Standard Steel Co. Ltd.
- JFE Holdings Inc.
- Jiangsu Changbao Steel Tube Co. Ltd.
- Jindal Steel & Power Ltd.
- Maharashtra Seamless Limited
- Mannesmann Stainless Tubes GmbH
- Maruichi Steel Tube Ltd.
- Northwest Pipe Company
- Nucor Corporation
- Pohang Iron and Steel Company
- Ratnamani Metals & Tubes Ltd.
- Shandong Iron and Steel Group Co. Ltd.
- Tata Steel Limited
- Tenaris S.A.
- Tianjin Pipe (Group) Corporation
- TMK Group
- United States Steel Corporation
- Vallourec S.A.
- Welspun Corp Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 216.95 Billion |
| Forecasted Market Value ( USD | $ 243.57 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 42 |
