Press Release

Steel Tubes Market to Grow at 6.3% CAGR by 2026

July, 2021

" COVID-19 Impact on Steel Tubes Market, size, share, growth, industry analysis, and forecast 2020-2026 "

Steel pipes are used for transferring fluid such as water, oil, and gas. The application of steel pipes differs from their capability or internal diameter. Steel pipes are also utilized in the construction of buildings to carry water and gas. Further, steel pipes provide many benefits over other materials, including the ability to convey flammable gas, high longevity, and better results in the fire sprinkler system.

The global steel pipes market is significantly driven by factors such as the rising number of construction activities and the development of oil & gas industries worldwide. Steel pipes have high strength and highly resistant to thermal. These features of steel pipes make them more compatible to use in areas such as water pipes, oil & gas pipes, and sewage pipes. Further, the rising deployment rate of steel pipes in various areas drives the global market growth. Further, steel pipes are used in the fire sprinkler system due to their capability to operate in a high-temperature zone. This surge in demand for steel pipes in fire sprinkler system installation is anticipated to drive the market soon.

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Furthermore, the rise in demand for steel tubes in the developing regions of Asia Pacific coupled with several technological requirements creates opportunities for the steel tubes market.

The Steel Pipes Market report titled “Steel Tubes Market by Technology, Application, Distribution Channel and Geography – Global Forecast up to 2026.”  

Top-notch companies in the market are Borusan Mannesmann Boru Sanayi ve Ticaret A.S., American SpiralWeld Pipe Company, LLC, Jindal SAW Ltd., Bao Pipes, and Tubes and Arcelor Mittal.

As in the geographical market, the Asia Pacific region is commanding the market due to the factors such as substantial investments in construction and infrastructural projects by governments of developing countries which have increased the demand for steel pipes.

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The report consists of 101 Tables and 66 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.

Steel Tubes Market based on Technology

  • Seamless
  • ERW
  • SAW

Steel Tubes Market based on Application

  • Oil & gas
  • Chemicals and petrochemicals
  • Automotive & transportation
  • Mechanical engineering
  • Power plant
  • Construction
  • Others

Steel Tubes Market based on Distribution Channel

  • Offline Stores
  • Online Stores (E-Commerce)

Steel Tubes Market based on Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Mr. Karthick Subramani

Infoholic Research LLP

Marketing & Communication