Press release
Global Welded Pipe Market to Reach USD 175.1 Billion by 2035 Amid Rising Oil & Gas Demand
The global welded pipe market, valued at USD 116.1 billion in 2024, is projected to reach USD 175.1 billion by 2035, growing at a steady CAGR of 3.9% from 2025 to 2035. This growth is primarily fueled by the continued expansion of the oil & gas industry, which relies heavily on welded pipelines for transportation and infrastructure development. Additionally, the affordability and cost-effectiveness of welded pipes compared to alternative piping solutions further strengthen market demand across industrial, construction, and energy sectors.Welded pipe market specializes in production, distribution, and uses of pipes that are manufactured through the process of joining the sheet of steel or any other metal into circular shapes through welding. Welded pipes is unlike seamless pipes where the plates or strips are rolled and welded along the sides. They are thus cheaper to manufacture and come in variety of sizes and thickness.
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They find wide application in oil and gas industries, construction sector, water purification, power, and vehicle transportation where fluid and gas transport and structural integrity are needed. Market is influenced by aspects such as the increasing development of infrastructures, the rise of industries, and the developments of the technologies of welding.
Market Segmentation (By Material, Welding Type, and Application)
While the user requested segmentation by service type, sourcing type, and industry vertical, industry reports typically segment the welded pipe market primarily by Material Type, Welding Type, and Application.
Segmentation Category
Key Segments
Market Highlights
By Material Type
Carbon Steel
Dominates the market due to its favorable cost-to-performance ratio, high availability, and suitability for large-volume construction and infrastructure.
Stainless Steel
Fastest-growing segment, favored for superior corrosion resistance and longevity in demanding environments like chemical processing and food industries.
Alloy Steel
Increasing demand for high-strength, high-temperature, and high-pressure applications in the oil & gas and power generation sectors.
By Welding Type
Spiral Seam Welding
Used primarily for large-diameter pipes, offering high production efficiency, especially for long-distance oil, gas, and water pipelines.
Straight Seam Welding (ERW/HFI)
Caters to smaller diameters, structural tubes, and process applications in construction, automotive, and mechanical engineering.
By Application (Industry Vertical)
Oil & Gas
Generated the most income, essential for upstream, midstream, and downstream operations.
Infrastructure & Construction
A primary driver of market growth, used extensively in smart cities, commercial buildings, water supply, and sewage systems.
Power Generation
Critical for steam, water, and gas transport in conventional and renewable energy plants.
Automotive
Used for structural components and high-performance fluid transfer systems.
Mechanical & Engineering
General industrial use for machinery fabrication and structural purposes.
Regional Analysis
The market's growth is geographically diverse, with distinct regional drivers:
Asia-Pacific (APAC): Expected to generate the highest demand and remain the market leader. Rapid urbanization, massive infrastructure development initiatives (like India's National Infrastructure Pipeline - NIP), and robust growth in manufacturing and petrochemical industries drive demand.
North America: Remains a major market due to extensive oil and gas exploration, infrastructure modernization, and stringent regulatory standards. The United States holds the largest share, driven by energy sector investments.
Europe: Anticipated to exhibit significant growth, driven by infrastructure repair, a shift toward eco-friendly construction, and increasing investment in renewable energy projects. Germany is noted for holding the largest market share in Europe.
Middle East & Africa (MEA): Projected for strong growth, fueled by substantial investments in petrochemical facilities and large-scale water supply and gas pipeline projects.
Market Drivers and Challenges
🚀 Market Drivers
Infrastructure Modernization: Global investment in smart cities, urban renewal, and transportation (roads, bridges, metro systems) is creating sustained demand for durable, cost-effective piping solutions.
Growth in the Energy Sector: Substantial investments in oil & gas exploration (especially offshore) and the expansion of natural gas distribution networks drive the need for high-pressure, durable welded pipes. The transition to renewable energy also requires piping solutions.
Technological Advancements in Manufacturing: Innovations such as automated welding, improved quality control measures, and high-frequency induction (HFI) welding enhance production efficiency, quality, and the performance of welded pipes.
Shift to High-Performance Materials: A growing preference for stainless steel and duplex alloys due to their superior corrosion resistance and longevity in harsh operating environments.
🛑 Market Challenges
Volatility in Raw Material Prices: Fluctuations in the cost of iron ore, steel, and alloying elements (nickel, chromium) can significantly impact production costs and profit margins.
Competition from Alternative Materials: The rise of high-performance materials like Polyethylene (PE) pipes and advanced coatings/linings offers viable, often cost-efficient, alternatives in certain water and chemical applications.
Stringent Environmental Regulations: Increasing pressure for "green steel" production and eco-friendly manufacturing practices necessitates significant capital investment from manufacturers.
Market Trends
Focus on Sustainability: Manufacturers are increasingly adopting eco-friendly practices, utilizing recycled materials, and developing pipes that minimize environmental impact.
Advanced Welding Technology: The implementation of technologies like laser welding and advanced quality control systems is leading to the production of lighter, stronger, and more corrosion-resistant pipes.
Smart Pipeline Integration: The trend towards integrating sensing and AI-powered monitoring systems for real-time leak detection and enhanced pipeline efficiency is on the rise.
Demand for Specialised Tubes: Segments like heat exchanger tubes, structural tubes, and hydraulic/instrumentation tubes are expected to be the fastest-growing in the market due to demand for energy efficiency and specialized industrial processes.
Future Outlook
The outlook for the welded pipe market is robust. The coming decade will be defined by enhanced product performance driven by metallurgy and manufacturing innovation, and an increasingly regionalized market focus catering to massive infrastructure and energy projects. The dual pressures of growing energy demand and sustainability goals will accelerate the adoption of high-strength, lightweight, and recyclable pipe solutions.
Key Market Study Points
Material Dominance: Carbon steel will retain the largest volume share, but stainless steel and alloy steel will be the fastest-growing segments by value due to their high-performance characteristics.
Application Leadership: The Oil & Gas and Infrastructure/Construction sectors will remain the primary end-users, with growing demand from the automotive and renewable energy sectors.
Technological Edge: Investment in automated welding and advanced quality assurance is crucial for maintaining a competitive edge.
Asia-Pacific's Influence: APAC, particularly India and China, will be the epicenter of demand generation due to rapid industrialization and urban development.
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Competitive Landscape and Recent Developments
The global market is highly competitive, featuring both multinational giants and strong regional players. Key players are focused on strategic expansion, technological differentiation, and capacity upgrades.
Key Global Players
ArcelorMittal
Tenaris
Jindal SAW
U. S. Steel Tubular Products
Nippon Steel Corporation
Welspun Corp
Marcegaglia
Recent Developments
Capacity Expansion: Companies like Jindal Steel have invested in setting up large-scale integrated steel plants to boost production capacity and capitalize on domestic and international demand.
Strategic Acquisitions: Joint ventures and acquisitions, such as AM/NS India (ArcelorMittal and Nippon Steel Corporation), are focused on strengthening market presence in high-growth regions like India.
New Contracts and Projects: Major players regularly secure large contracts to supply Submerged Arc Welded (SAW) pipes for significant energy and infrastructure projects across the Middle East, North America, and Asia.
Product Innovation: Continued research and development efforts are focused on high-strength, low-alloy (HSLA) steels and improved pipe coatings to enhance durability and corrosion resistance for demanding oil and gas applications.
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