Surging Oil And Gas Production Fuels Growth In The Iron And Steel Pipes And Tubes Market: A Significant Driver Propelling The Iron And Steel Pipe And Tube Market In 2025

The Iron And Steel Pipe And Tube Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Iron And Steel Pipe And Tube Market Size During the Forecast Period?
The market size for iron and steel pipe and tube has been experiencing consistent growth over the past years. It is predicted to expand from a worth of $208.73 billion in 2024 to reach $216.95 billion in 2025, suggesting a compound annual growth rate (CAGR) of 3.9%. Several factors such as infrastructure development initiatives, industrial expansion and economic progression, oil and gas exploration activities, investments from government authorities, urbanization and the rise in construction projects have contributed to the growth witnessed in the past period.

The market for pipes and tubes made of iron and steel is predicted to experience a steady expansion over the forthcoming years. It is projected to reach a worth of $243.57 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 2.9%. The anticipated growth can be credited to several factors like renewable energy ventures, improvements to water and wastewater systems, initiatives for eco-friendly construction, changes in global trade, and infrastructure resilience projects. Anticipated trends for the forecast period include advances in technology, increased demand in the construction sector, prioritization of sustainable practices, progression in coating methods, and technical breakthroughs in material composition.

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What Are the Major Segments in the Iron And Steel Pipe And Tube Market?
The iron and steel pipe and tube market covered in this report is segmented -

1) By Type: Seamless Pipes And Tubes, Welded Pipes And Tubes
2) By Material: Steel And Alloys, Cooper And Alloys, Aluminum And Magnesium Alloys, Nickel And Alloys, Other Materials
3) By End-Users: Oil And Gas, Power Generation, Automotive, Aviation, Construction, Process Industry, Other End Users

Subsegments:
1) By Seamless Pipes And Tubes: Carbon Steel Seamless Pipes, Alloy Steel Seamless Pipes, Stainless Steel Seamless Pipes, Other Seamless Pipes
2) By Welded Pipes And Tubes: Electric Resistance Welded (ERW) Pipes, Longitudinally Welded Pipes, Spiral Welded Pipes, Submerged Arc Welded (SAW) Pipes, Other Welded Pipes

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What Are The Driving Iron And Steel Pipe And Tube Market Evolution?
The iron and steel pipes and tubes market is anticipated to grow due to the escalation in oil and gas production. The business segment involved in hydrocarbon exploration, data collection, refining, distribution, and transportation, all form part of the oil and gas sectors. To safely transport oil, gas, and other liquids, the oil and gas industry uses iron and steel pipes and tubes due to their superior strength and resistance to extreme temperature without any risk of breakage or fracture. For example, the Energy Information Administration (EIA), a government organization in the US, reported an increase in oil and gas production from 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in March 2023. Consequently, the upsurge in oil and gas production is fuelling the growth of the iron and steel pipes and tubes market.

Which Firms Dominate The Iron And Steel Pipe And Tube Market Segments?
Major companies operating in the iron and steel pipe and tube market include Nippon Steel Corporation, US Steel Tubular Products Inc., Sandvik AB, Zaffertec SL, ArcelorMittal SA, United Metallurgical Company JSC, Samuel Associated Tube Group, Tubos Reunidos SA, Sumitomo Corporation, ChelPipe Group, Wheatland Tube Company, Aaditya Stainless Pvt. Ltd., Anand Seamless Tubes Pvt. Ltd., Bhuwalka Pipes, 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., Choo Bee Metal Industries Berhad, Hebei Iron and Steel Group Co. Ltd., Hunan Standard Steel Co. Ltd., JFE Holdings Inc., Jiangsu Changbao Steel Tube Co. Ltd., Jindal Steel & Power Ltd., Maharashtra Seamless Limited, Mannesmann Stainless Tubes GmbH, 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

What Trends Are Expected to Dominate the Iron And Steel Pipe And Tube Market in the Next 5 Years?
The most prominent trend in the iron and steel pipes and tubes market is the rise of technological evolution. To consolidate their market presence, large-scale enterprises in the iron and steel pipes and tubes industry are prioritizing the production of inventive products. For example, in October 2024, Telaris, a famed manufacturer and supplier of steel pipes based in Italy, introduced Reliable hydrogen storage systems under pressure. These innovative systems are designed to improve the safety and efficiency of hydrogen applications. They employ cutting-edge steel alloys to ensure superior strength and longevity and tackle issues like hydrogen embrittlement and corrosion resistance. These systems respond to the increasing demand for eco-friendly energy solutions, enhancing the hydrogen economy by providing sturdy storage choices capable of enduring the stringent conditions of high-pressure settings.

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Which Is The Largest Region In The Iron And Steel Pipe And Tube Market?
Asia-Pacific was the largest region in the iron and steel pipes and tubes market in 2024. The regions covered in the iron and steel pipe and tube market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Iron And Steel Pipe And Tube Market?
2. What is the CAGR expected in the Iron And Steel Pipe And Tube Market?
3. What Are the Key Innovations Transforming the Iron And Steel Pipe And Tube Industry?
4. Which Region Is Leading the Iron And Steel Pipe And Tube Market?

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