Steel Tubes Market by Technology (Seamless, ERW, and SAW), Application (Oil & Gas, Chemicals and petrochemicals, Automotive & transportation, Mechanical engineering, Power plant, Construction, and Others), Distribution Channel (Offline Stores and Online Stores) and Geography –Global Forecast up to 2026

  • July, 2021
  • Domain: Chemicals, Materials & Food - Specialty Chemicals
Pages: 94
Tables: 66
Charts: 101
Regions/Countries: 4/10
Companies: 15
Enquiry Hours: 10
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Steel tubes are tough, solid, and resistible metal tubes and are available in various shapes, such as square, rectangular, and round. The production procedure of these structures includes alloys of iron with several other elements such as carbon, tungsten, manganese, aluminum, and titanium. Based on their manufacturing process, there are majorly two types of steel tubes, namely, seamless and welded. Steel tubes have a higher manufacturing tolerance, which assists in enhancing their manufacturability and quality. An increase in industrialization coupled with an increase in population has resulted in the growth in property, houses, and construction expenditures. Governments of several developing nations are concentrating on infrastructural developments, which, in turn, have resulted in the surge in demand for steel tubes. This is acting as fuel in the development of the steel tubes market. Properties and features of steel tubes are key factors that are boosting the expansion of the market. On the other hand, the availability of low-cost alternatives for steel tubes is impeding the market growth. Steel Tubes Market is anticipated to grow at the rate of 6.3% CAGR by 2026.

Research Methodology:

The Steel Tubes Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Steel Tubes Market

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

As per the product, the market is bifurcated into welded and seamless. The welded steel tubes segment will continue its domination in the steel tubes market. The welded steel tubes include wide varieties of pipes and tubes, such as line precision pipes, Hamilton poles, electric poles, tubular poles API pipes, and lightweight galvanized pipes for sprinkler irrigation. The swift growth in construction activities worldwide will augment the demand for welded steel tubes in the forecast period.

Based on application, the oil & gas segment is leading the market and accounted for the highest revenue share. The segment will maintain its dominant position over the forecast years due to the various oil & gas sector products, ranging from Oil production & transportation to processing piping for refining crude oil into petroleum products.

Based on distribution channels, the market is divided into offline stores and online stores. The Online Stores had the highest market share in the market, and it is estimated to grow at the highest CAGR. This distribution channel's high growth rate is due to the inclination of consumers towards offline to online stores. Also, nowadays, consumers are using traditional offline stores as they want to experience the touch and sense of the product before purchasing it, as they have to be sure that the product fulfills their requirements.

Based on the geography, the Asia Pacific region is appeared to be the leading region in the market. This is due to the increasing product consumption in the region. China, Japan, South Korea, Southeast Asia, and India are the key product consumers in the region due to the huge manufacturing, petroleum, and petrochemical sectors.

Steel tubes find a wide range of applications due to their outstanding operational features, such as strength and durability. The oil & gas industry is likely to have substantial growth across the globe with the rising energy requirements, and this is likely to remain one of the key drivers for the growth of the steel tubes market. Additionally, industrial infrastructures are undergoing developments, which are projected to enhance the demand for steel tubes worldwide. Thereby, quickly expanding industrial sectors worldwide are anticipated to boost demand for steel tubes in the upcoming years.

Key players present in the market are Borusan Mannesmann Boru Sanayi ve Ticaret A.S., American SpiralWeld Pipe Company, LLC, Arcelor Mittal, Ansteel, Liaoyang Steel Tube Co., Ltd, NSSMC, JFE Steel, Nucor Corporation, Shagang Group, Jindal SAW Ltd., Bao Pipes and Tubes, Gerdau, POSCO, Tata Steel and Hebei Iron and steel.

Therefore, steel pipes are likely to have various applications due to their durability. Oil, water, and gas applications are key applications where these tubes are mainly used owing to their outstanding features.

  • A complete overview of the global Steel Pipes Market is provided in the report.
  • This report also throws light on key markets such as North America, Europe, Asia-Pacific, and the rest of the world.
  • Description and analysis of Market potential by technology, application, and distribution channel.
  • Influence evaluation of key drivers and restraints and dynamics of the market and current trends in the enterprise.
  1. Executive Summary
  2. Industry Outlook
    1. Industry Overview
    2. Industry Trends
  3. Market Snapshot
    1. Market Definition
    2. Market Outlook
      1. Porter Five Forces
    3. Related Markets
  4. Market characteristics
    1. Market Overview
    2. Market Segmentation
    3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    4. DRO - Impact Analysis
  5. Technology: Market Size & Analysis
    1. Overview
    2. Seamless
    3. ERW
    4. SAW
  6. Application: Market Size & Analysis
    1. Overview
    2. Oil & gas
    3. Chemicals and petrochemicals
    4. Automotive & transportation
    5. Mechanical engineering
    6. Power plant
    7. Construction
    8. Others
  7. Distribution Channel: Market Size & Analysis
    1. Overview
    2. Offline Stores
    3. Online Stores (E-Commerce)
  8. Geography: Market Size & Analysis
    1. Overview
    2. North America
    3. Europe
    4. Asia Pacific
    5. Rest of the World
  9. Competitive Landscape
    1. Competitor Comparison Analysis
    2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
  10. Vendor Profiles
    1. Borusan Mannesmann Boru Sanayi ve Ticaret A.S.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    2. American SpiralWeld Pipe Company, LLC
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    3. Jindal SAW Ltd.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    4. Bao Pipes and Tubes
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    5. Arcelor Mittal
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    6. Ansteel
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    7. Liaoyang Steel Tube Co., Ltd
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    8. NSSMC
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    9. JFE steel
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    10. Nucor Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
  11. Companies to Watch
    1. Shagang Group
      1. Overview
      2. Products & Services
      3. Business Strategy
    2. Gerdau
      1. Overview
      2. Products & Services
      3. Business Strategy
    3. POSCO
      1. Overview
      2. Products & Services
      3. Business Strategy
    4. Tata Steel
      1. Overview
      2. Products & Services
      3. Business Strategy
    5. Hebei Iron and steel
      1. Overview
      2. Products & Services
      3. Business Strategy
  12. Analyst Opinion
  13. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
      1. Data Collation and In-house Estimation
      2. Market Triangulation
      3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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