PUBLISHER: The Business Research Company | PRODUCT CODE: 1927973
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927973
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.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on imported steel and alloy pipes have disrupted global supply chains, increasing production costs and delivery times, particularly impacting regions like North America and Europe. Segments such as oil and gas, power generation, and automotive are most affected. On the positive side, tariffs have encouraged local manufacturing, promoted investment in high-strength and corrosion-resistant pipes, and accelerated technological adoption in pipe production.
The iron and steel pipe and tube market research report is one of a series of new reports from The Business Research Company that provides iron and steel pipe and tube market statistics, including iron and steel pipe and tube industry global market size, regional shares, competitors with a iron and steel pipe and tube market share, detailed iron and steel pipe and tube market segments, market trends and opportunities, and any further data you may need to thrive in the iron and steel pipe and tube industry. This iron and steel pipe and tube 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 size has grown marginally in recent years. It will grow from $192.23 billion in 2025 to $195.74 billion in 2026 at a compound annual growth rate (CAGR) of 1.8%. The growth in the historic period can be attributed to growing demand from oil and gas industry, expansion of power generation projects, rise in automotive and aviation sectors, increasing construction and infrastructure activities, growth in process industry applications.
The iron and steel pipe and tube market size is expected to see steady growth in the next few years. It will grow to $218 billion in 2030 at a compound annual growth rate (CAGR) of 2.7%. The growth in the forecast period can be attributed to adoption of eco-friendly and energy-efficient pipe production, increasing demand for alloy and stainless steel pipes, expansion of oil and gas pipelines, growth in renewable energy and power projects, technological advancements in welded and seamless pipe manufacturing. Major trends in the forecast period include adoption of seamless pipe manufacturing, integration of automation in pipe production, development of corrosion-resistant and high-strength pipes, energy-efficient steel and alloy pipe production, expansion of pipes and tubes for oil, gas, and power generation applications.
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.
Major companies operating in the iron and steel pipes and tubes market are concentrating on creating innovative solutions, such as high-strength hydrogen storage systems, to improve safety, durability, and efficiency in energy applications. High-strength hydrogen storage systems are advanced steel-based containers designed to securely store hydrogen under high pressure, addressing issues such as hydrogen embrittlement and corrosion. For example, in October 2024, Telaris, an Italy-based global steel manufacturer, launched reliable hydrogen storage systems under pressure. These systems employ advanced steel alloys to maintain structural integrity and long-term durability, supporting the expanding hydrogen economy by delivering robust and safe storage solutions for industrial and energy applications.
In April 2023, Borusan Mannesmann, a Turkey-based steel pipe manufacturer, acquired Berg Pipe LLC for $0.162 billion. Through this acquisition, Borusan Mannesmann intends to strengthen its presence in the North American iron and steel pipe and tube market by incorporating Berg Pipe's large-diameter line pipe expertise and expanding its manufacturing capacity in the U.S. Berg Pipe LLC is a U.S.-based company specializing in large-diameter line pipes, with production facilities located in Florida and Alabama.
Major companies operating in the iron and steel pipe and tube market report are Nippon Steel Corporation, US Steel Tubular Products Inc., ArcelorMittal SA, United Metallurgical Company JSC, ChelPipe Group, Wheatland Tube Company, 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., Hebei Iron and Steel Group Co. Ltd., JFE Holdings Inc., Jiangsu Changbao Steel Tube Co. Ltd., Jindal Steel & Power Ltd., Maharashtra Seamless Limited, 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, Anand Seamless Tubes Pvt. Ltd., Bhuwalka Pipes, Aaditya Stainless Pvt. Ltd., Choo Bee Metal Industries Berhad, Hunan Standard Steel Co. Ltd., Mannesmann Stainless Tubes GmbH
Asia-Pacific was the largest region in the iron and steel pipes and tubes market in 2025. The regions covered in the iron and steel pipe and tube market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the iron and steel pipe and tube market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Iron And Steel Pipe And Tube Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses 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.
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, including technological disruption, regulatory shifts, and changing consumer preferences? The iron and steel pipe and tube market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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