According to Goldstein Research, global steel pipes market is expected to reach USD 1,670.0 million by 2025, growing at a CAGR of 29.3% over the forecast period 2017-2025. The factors such as Supply of raw materials, manufacturing of steel pipes, growing no. of pipeline projects and construction projects, and rising demand from household appliances using steel pipes are driving the growth of global steel pipes industry. Global steel pipes market segmentation has been done on the basis of material, application, end user, and geography. Based on the end user, oil and gas industry contributed highest with a market share of 47.3% in 2017 of global steel pipes market. Demand for equipment used in midstream oil and gas applications had impacted the demand for steel pipes stimulated by rising energy consumption.

Global steel pipes market is largely dominated by the Asia Pacific acquiring a market share of 53.1% in 2017, owing to high application of steel pipes in construction projects that have a major share in China (21% of global construction projects), India (7%), and Japan (6%). China is closely followed by the U.S.A. and Europe on being the major producers of steel pipes.

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Market Segmentation

On the basis of our in-depth analysis, Global Steel Pipes Market can be segmented as follows:

By Material

o Carbon Steel
o Alloy Steel
o Stainless Steel
o Tool Steel

By Application

o Transportation
o Hydraulics
o Building Structures
o Sanitation

By End-User

o Oil & Gas Industry
o Construction Industry
o Automotive Industry
o Energy Sector
o Food Processing Industry
o Chemical Industry
o Healthcare Industry
o Others (Residential, Etc.)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Steel Pipes Market Outlook 2025” contains a detailed overview of the global steel pipes market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by material, application and end user.

Further, for the in-depth analysis, Global Steel Pipes Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Arcelor Mittal, Steel Authority of India (SAIL), Tata Iron and Steel, Jindal Vijaynagar Steel (JVSL), Essar Steel and Ispat IndustriesAmerican Cast Iron Pipe Company, Baosteel Group Corporation, Evraz Plcevraz plc, Anhui Tianda Oil Pipe Company Limited, Hyundai Steel Company, JFE Holdings Corporation, Zekelman Industries, Arabian Pipes Company, Nippon Steel & Sumitomo metal corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global steel pipes market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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