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The global steel tubes market reached a value of US$ 79.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 87.6 Billion by 2027, exhibiting a CAGR of 1.63% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Steel tubes are tough, strong and durable metal tubes and are available in different shapes, including square, rectangular and round. The production process of these structures incorporates alloys of iron with various other elements such as carbon, tungsten, manganese, aluminum and titanium. Depending on their manufacturing process, there are two major types of steel tubes, namely, seamless and welded. Steel tubes have a higher manufacturing tolerance, which helps in improving their manufacturability and quality. Owing to their versatility, they are used in a range of industries including oil & gas, petrochemicals, infrastructure and construction, automotive, water treatment, etc.
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Over the past few years, steel tubes have gained immense popularity in the oil and gas industry for transporting fluids and in the form of conveyor belt rollers, bearing casings, and casings for concrete pilings. Also, with a boom in shale gas drilling, steel tubing is being used for carrying chromium, which has led to a rise in their production. Apart from this, they are also used in heating, ventilation, and air conditioning (HVAC) and refrigeration equipments in the mechanical structure of heat exchangers, compressors and boiler pipelines. Moreover, there has been a rise in the demand for steel tubes in the automobile sector as they are reliable and possess optimal strength and corrosion resistance properties. These tubes also offer high energy absorption capacity, construction safety and resistance against collision shocks. These properties, in turn, have led to a boost in the overall consumption of steel tubes across the globe.
IMARC Group’s latest report provides a deep insight into the global steel tubes market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the steel tubes market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the global steel tubes market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, material type and end use industry.
Breakup by Product Type:
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Breakup by Material Type:
Breakup by End Use Industry:
Breakup by Region:
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Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Material Type, End Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global steel tubes market was valued at US$ 79.2 Billion in 2021.
We expect the global steel tubes market to exhibit a CAGR of 1.63% during 2022-2027.
The rising utilization of steel tubes across several industrial verticals, as they offer high energy absorption capacity, construction safety, and resistance against collision shocks, is primarily driving the global steel tubes market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units for steel tubes.
Based on the product type, the global steel tubes market can be segmented into seamless steel tubes and welded steel tubes. Currently, seamless steel tubes hold the majority of the total market share.
Based on the material type, the global steel tubes market has been divided into carbon steel, stainless steel, alloy steel, and others. Among these, carbon steel currently exhibits a clear dominance in the market.
Based on the end use industry, the global steel tubes market can be categorized into oil and gas, petrochemicals, infrastructure and construction, automotive, water treatment and sewage, and others. Currently, the oil and gas industry accounts for the largest market share.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
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