Steel Pipes and Tubes - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

According to Mordor Intelligence, the steel pipes and Tubes Market size was valued at USD 166.73 billion in 2025 and is estimated to grow from USD 175.63 billion in 2026 to reach USD 227.81 billion by 2031, at a CAGR of 5.34% during the forecast period (2026-2031).

Global Steel Pipes and Tubes Market Trends and Insights

Infrastructure Renewal and Urban Utility Expansion

Aging municipal networks are supporting pipe replacement programs that are less dependent on new construction cycles and can extend through planning, procurement, installation, repair, and maintenance stages. In fiscal year 2025, State Revolving Funds provided USD 12 billion for drinking water and wastewater infrastructure in the United States. The funding framework supports demand for water mains, sewer systems, and related tubular products over several procurement periods, rather than concentrating demand only in a single construction season. The steel pipes and tubes market benefits where municipalities require strength, long service life, or compatibility with trenchless installation methods that reduce surface disruption in populated areas. Rehabilitation programs can favor suppliers with smaller-diameter precision products as well as suppliers of conventional line pipe, because local network work can require varied product sizes and reliable delivery to contractors. This work broadens demand beyond large greenfield transmission projects and reduces dependence on a single end-use cycle, while also giving diversified producers an opportunity to serve both routine replacement work and more technically demanding utility upgrades.

Oil and Gas Pipeline Replacement and Expansion

Oil and gas investment remains a major source of pipe demand in North America, the Middle East, and Asia-Pacific, where projects involve production, transportation, processing, and established network maintenance. Developers plan 44.9 billion cubic feet per day of natural gas pipeline capacity additions in the United States during 2026 and 2027, and 70% of that capacity is already under construction. LNG export facilities and gas-fired power generation both require transmission and feed gas connections, linking pipe demand to export infrastructure and domestic electricity needs. Integrity requirements also sustain replacement orders, even when new field development slows, because pipeline operators must maintain the performance and safety of existing systems. The steel pipes and tubes market, therefore, draws demand from both expansion projects and the maintenance of existing networks, with requirements differing by pipeline diameter, wall thickness, material grade, coatings, and end-use conditions. Large-diameter and heavy-wall specifications can tighten available mill capacity when several projects enter construction at the same time, making manufacturing capability and dependable delivery important to project schedules.

Volatility in Steel, Scrap and Energy Costs

Steel feedstock and energy costs can change quickly, placing pressure on pipe and tube margins. Hot-rolled coil is a key input for welded products, while billet and energy costs affect seamless tube production. Producers that own upstream steel capacity or have long-term supply arrangements can manage these changes more effectively. Independent mills may face margin pressure when input costs rise faster than pipe selling prices. Buyers may also face changing contract prices when raw materials and electricity costs remain volatile.

Other drivers and restraints analyzed in the detailed report include:

1. Hydrogen, Carbon Capture and Geothermal Pipeline Development
2. Expansion of Power Generation and Process Industries
3. Decarbonization Capital Requirements and Emissions Compliance

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Seamless held 66.12% of the steel pipes and tubes market share in 2025, reflecting its established position in demanding oil and gas, power generation, and chemical processing services. It is produced without a welded seam, which supports its use where pressure, temperature, or sour-service conditions place greater demands on material performance. Oil country tubular goods, boiler tubes, and selected hydrogen transport lines remain important examples of these applications. The product's role is determined primarily by operating conditions and project specifications, rather than by the lowest initial purchase cost. The steel pipes and tubes market size connected to seamless products is, therefore, supported by investments that prioritize pressure tolerance, consistent metallurgy, and service reliability.

Electric resistance welded is projected to advance at a 6.05% CAGR through 2031, supported by construction, urban utilities, and lower-pressure gas distribution projects. The process can supply high volumes efficiently where its performance is suitable for the operating environment, and customers pay close attention on delivered cost. Electric resistance-welded pipe is particularly relevant for replacement work because municipal and distribution systems often require standardized, readily available dimensions. Submerged arc welded serves a different requirement, supplying large-diameter products for long-distance oil, gas, and water transmission systems. Research on welded pipe grades for carbon dioxide transport may widen the applications available to qualified ERW suppliers. These developments do not displace seamless pipe in critical conditions, but they can increase the addressable demand for welded products.

Complete Report Scope:

• By Technology
  • Seamless
  • Electric Resistance Welded
  • Submerged Arc Welded
• By Material
  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Others
• By Application
  • Oil and Gas
  • Chemicals and Petrochemicals
  • Automotive and Transportation
  • Power Plant
  • Construction
  • Others
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • NORDIC Countries
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific held 58.51% of the steel pipes and tubes market share in 2025, giving the region a central role in global consumption and manufacturing. China, India, Japan, and South Korea combine large infrastructure requirements with significant pipe and tube production capacity. China supports demand through energy networks, urban utility work, industrial investment, and a wide domestic manufacturing base. India is expanding pipe capacity to serve construction, distribution systems, industrial users, and domestic infrastructure projects. Japan and South Korea place more emphasis on specialized energy, offshore, and high-value grades. The steel pipes and tubes market in Asia-Pacific, therefore, includes both cost-focused volume production and advanced capability in selected premium applications.

North America is projected to advance at a 5.89% CAGR through 2031, supported by LNG infrastructure, natural gas pipelines, replacement programs, and growing electricity needs. Developers plan 44.9 billion cubic feet per day of natural gas pipeline capacity additions in the United States during 2026 and 2027. Canada remains important for natural gas transportation and for investment in steelmaking and pipe finishing capacity. Tenaris's Ontario program covers hot rolling, stretch reduction, heat treatment, testing, finishing, and threading for semi-premium and American Petroleum Institute connections.

Europe faces relatively high energy and compliance costs, although hydrogen network projects can create demand for qualified line pipe. Carbon reporting requirements are strengthening the importance of documented emissions data and low-carbon steel credentials in procurement decisions. South America benefits from offshore oil and gas work, including deepwater projects that need premium tubulars and protective coatings. The Middle East and Africa demand is associated with hydrocarbon development, water transmission, and industrial infrastructure. The steel pipes and tubes market share in these areas remains below Asia-Pacific's level, but the projects can require high-value specifications. International suppliers and regional mills are positioning capacity near long-cycle energy and water investments.

1. APL Apollo
2. ArcelorMittal
3. BAOWU Metal
4. HYUNDAI STEELPIPE
5. JFE Steel Corporation
6. Jindal SAW Ltd.
7. NIPPON STEEL CORPORATION
8. SeAH Steel Corporation
9. Tata Steel Limited
10. Tenaris
11. Tianjin Youfa Steel Pipe Group Co., Ltd.
12. TMK
13. United States Steel Corporation
14. Vallourec
15. Zekelman Industries

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support