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According to the latest research, the global Stainless Steel Pipes and Tubes market size was valued at USD 33358.24 million in 2022 and is expected to expand at a CAGR of 5.68% during the forecast period, reaching USD 46468.64 million by 2028.
Stainless steel pipe is a hollow long round steel, mainly used in petroleum, chemical, medical, food, light industry, machinery and instrumentation and other industrial pipelines and mechanical structural parts. In addition, when the bending and torsion strength are the same, the weight is lighter, so it is also widely used in the manufacture of mechanical parts and engineering structures. Also often used as furniture and kitchen utensils.
Influence of COVID-19 Outbreak on Stainless Steel Pipes and Tubes Industry Development
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 27 million. Different industries are affected differently by the epidemic situation. And the COVID-19 epidemic has severely hit the global economy. The World Bank predicts that the global GDP (gross domestic product) will fall by 5.2% in 2020, which is the largest drop since the Second World War.
The impact of the epidemic on the stainless steel pipes and tubes industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of the Spring Festival holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated, resulting in a large-scale shutdown of production. The road closure and country closure measures adopted by various regions have hindered the transportation of iron ore and chromium as well as nickel raw materials. The existing raw and auxiliary material reserves cannot meet the needs of normal production, and the raw material inventory of most companies cannot maintain production. The industry's start-up load dropped again and again, and market sales dropped sharply. In addition, the raw materials of stainless steel pipes and tubes are mainly iron ore, chromium, and nickel. Under the background of the current epidemic situation, both supply and demand will be suppressed. The supply of raw and auxiliary materials is tight, and it is difficult to deliver products from warehouses. The downstream demand was also affected. Affected by the epidemic, companies have announced delays in resuming work in many places. The start of major steel-using industries such as construction and machinery have been postponed, resulting in a significant decline in downstream steel demand and a rapid increase in stainless steel pipe inventory. Faced with the severe situation, steel companies took the initiative to reduce and restrict production. The price of stainless steel pipes has fallen and the price of iron ore raw materials has risen. Fluctuations in the prices of raw materials and steel also make companies more cautious in production.
Drivers
The Asia-Pacific region has experienced rapid economic development in recent years, and large-scale infrastructure projects and power projects have made great progress. Rapid industrialization and urbanization, population growth, and growth in manufacturing (especially in developing economies) are expected to boost the growth of the construction industry. China and India are the world's leading construction markets. In turn, this is likely to increase product demand. For example, China are accelerating the process of urbanization, and the western development and state-guided housing construction projects will have strong development, which will drive the growth of stainless steel pipe demand. In addition, in emerging regions such as the Asia-Pacific region, increasing vehicles sales coupled with rising demand of energy across the developed and emerging regions is backing the growth in Global Stainless steel pipes and tubes Market. Additionally, increasing number of Hydro power plants and desalination plants is backing the growth of stainless steel pipes and tubes market across various regions. Therefore, the Asia-Pacific region will make rapid progress.
Region Overview:
China had the highest growth rate of all regions.
Company Overview:
ThyssenKrupp is one of the major players operating in the Stainless Steel Pipes and Tubes market, holding a share of 2.24% in 2020.
thyssenkrupp AG manufactures industrial components. The Company produces flat rolled and cast steel, automobile parts, elevators and escalators, machine tools, bearings, nonferrous metals, and plastics. thyssenkrupp develops and manages real estate as well as designs and constructs factories.
Tenaris S.A. manufactures seamless steel pipe products. The Company also provides pipe handling, stocking, and distribution services to the oil and gas, energy, and mechanical industries. Tenaris supplies welded steel pipes for gas pipelines worldwide.
Segmentation Overview:
Among different product types, Welded Pipes and Tubes segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Construction segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Stainless Steel Pipes and Tubes industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Stainless Steel Pipes and Tubes. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Stainless Steel Pipes and Tubes Market Report Include:
Market Size Estimates: Stainless Steel Pipes and Tubes market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Stainless Steel Pipes and Tubes market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Stainless Steel Pipes and Tubes market
Segment Market Analysis: Stainless Steel Pipes and Tubes market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Stainless Steel Pipes and Tubes market situations and prospects in major and top regions and countries
Stainless Steel Pipes and Tubes Market
Stainless Steel Pipes and Tubes Industry Chain: Stainless Steel Pipes and Tubes market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Stainless Steel Pipes and Tubes Industry News, Policies by regions
Stainless Steel Pipes and Tubes Industry Porters Five Forces Analysis
Key players in the global Stainless Steel Pipes and Tubes market are covered in Chapter 2:
Northwest Pipe Company
Choo Bee Metal Industries
SANDVIK Group
Tenaris
Kobe Steel Ltd
United States Steel Corporation
Tata Steel
TUBACEX Group
China Baowu Steel Group Corp., Ltd.
Nippon Steel & Sumitomo Metal (NSSMC)
Jindal Saw Limited
CENTRAVIS
Pohang Iron and Steel (POSCO)
Arcelor Mittal
Ratnamani Steel and Pipes Ltd
ThyssenKrupp
In Chapter 6 and Chapter 9, on the basis of types, the Stainless Steel Pipes and Tubes market from 2018 to 2028 is primarily split into:
Seamless Pipes and Tubes
Welded Pipes and Tubes
In Chapter 7 and Chapter 10, on the basis of applications, the Stainless Steel Pipes and Tubes market from 2018 to 2028 covers:
Oil and Gas
Food Industry
Automotive
Power Industry
Chemical Industry
Construction
Water Treatment
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Stainless Steel Pipes and Tubes market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Stainless Steel Pipes and Tubes industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Stainless Steel Pipes and Tubes market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Stainless Steel Pipes and Tubes industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Stainless Steel Pipes and Tubes market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Stainless Steel Pipes and Tubes market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Stainless Steel Pipes and Tubes market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Stainless steel pipe is a hollow long round steel, mainly used in petroleum, chemical, medical, food, light industry, machinery and instrumentation and other industrial pipelines and mechanical structural parts. In addition, when the bending and torsion strength are the same, the weight is lighter, so it is also widely used in the manufacture of mechanical parts and engineering structures. Also often used as furniture and kitchen utensils.
Influence of COVID-19 Outbreak on Stainless Steel Pipes and Tubes Industry Development
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 27 million. Different industries are affected differently by the epidemic situation. And the COVID-19 epidemic has severely hit the global economy. The World Bank predicts that the global GDP (gross domestic product) will fall by 5.2% in 2020, which is the largest drop since the Second World War.
The impact of the epidemic on the stainless steel pipes and tubes industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of the Spring Festival holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated, resulting in a large-scale shutdown of production. The road closure and country closure measures adopted by various regions have hindered the transportation of iron ore and chromium as well as nickel raw materials. The existing raw and auxiliary material reserves cannot meet the needs of normal production, and the raw material inventory of most companies cannot maintain production. The industry's start-up load dropped again and again, and market sales dropped sharply. In addition, the raw materials of stainless steel pipes and tubes are mainly iron ore, chromium, and nickel. Under the background of the current epidemic situation, both supply and demand will be suppressed. The supply of raw and auxiliary materials is tight, and it is difficult to deliver products from warehouses. The downstream demand was also affected. Affected by the epidemic, companies have announced delays in resuming work in many places. The start of major steel-using industries such as construction and machinery have been postponed, resulting in a significant decline in downstream steel demand and a rapid increase in stainless steel pipe inventory. Faced with the severe situation, steel companies took the initiative to reduce and restrict production. The price of stainless steel pipes has fallen and the price of iron ore raw materials has risen. Fluctuations in the prices of raw materials and steel also make companies more cautious in production.
Drivers
The Asia-Pacific region has experienced rapid economic development in recent years, and large-scale infrastructure projects and power projects have made great progress. Rapid industrialization and urbanization, population growth, and growth in manufacturing (especially in developing economies) are expected to boost the growth of the construction industry. China and India are the world's leading construction markets. In turn, this is likely to increase product demand. For example, China are accelerating the process of urbanization, and the western development and state-guided housing construction projects will have strong development, which will drive the growth of stainless steel pipe demand. In addition, in emerging regions such as the Asia-Pacific region, increasing vehicles sales coupled with rising demand of energy across the developed and emerging regions is backing the growth in Global Stainless steel pipes and tubes Market. Additionally, increasing number of Hydro power plants and desalination plants is backing the growth of stainless steel pipes and tubes market across various regions. Therefore, the Asia-Pacific region will make rapid progress.
Region Overview:
China had the highest growth rate of all regions.
Company Overview:
ThyssenKrupp is one of the major players operating in the Stainless Steel Pipes and Tubes market, holding a share of 2.24% in 2020.
thyssenkrupp AG manufactures industrial components. The Company produces flat rolled and cast steel, automobile parts, elevators and escalators, machine tools, bearings, nonferrous metals, and plastics. thyssenkrupp develops and manages real estate as well as designs and constructs factories.
Tenaris S.A. manufactures seamless steel pipe products. The Company also provides pipe handling, stocking, and distribution services to the oil and gas, energy, and mechanical industries. Tenaris supplies welded steel pipes for gas pipelines worldwide.
Segmentation Overview:
Among different product types, Welded Pipes and Tubes segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Construction segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Stainless Steel Pipes and Tubes industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Stainless Steel Pipes and Tubes. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Stainless Steel Pipes and Tubes Market Report Include:
Market Size Estimates: Stainless Steel Pipes and Tubes market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Stainless Steel Pipes and Tubes market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Stainless Steel Pipes and Tubes market
Segment Market Analysis: Stainless Steel Pipes and Tubes market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Stainless Steel Pipes and Tubes market situations and prospects in major and top regions and countries
Stainless Steel Pipes and Tubes Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Stainless Steel Pipes and Tubes Industry Chain: Stainless Steel Pipes and Tubes market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Stainless Steel Pipes and Tubes Industry News, Policies by regions
Stainless Steel Pipes and Tubes Industry Porters Five Forces Analysis
Key players in the global Stainless Steel Pipes and Tubes market are covered in Chapter 2:
Northwest Pipe Company
Choo Bee Metal Industries
SANDVIK Group
Tenaris
Kobe Steel Ltd
United States Steel Corporation
Tata Steel
TUBACEX Group
China Baowu Steel Group Corp., Ltd.
Nippon Steel & Sumitomo Metal (NSSMC)
Jindal Saw Limited
CENTRAVIS
Pohang Iron and Steel (POSCO)
Arcelor Mittal
Ratnamani Steel and Pipes Ltd
ThyssenKrupp
In Chapter 6 and Chapter 9, on the basis of types, the Stainless Steel Pipes and Tubes market from 2018 to 2028 is primarily split into:
Seamless Pipes and Tubes
Welded Pipes and Tubes
In Chapter 7 and Chapter 10, on the basis of applications, the Stainless Steel Pipes and Tubes market from 2018 to 2028 covers:
Oil and Gas
Food Industry
Automotive
Power Industry
Chemical Industry
Construction
Water Treatment
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Stainless Steel Pipes and Tubes market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Stainless Steel Pipes and Tubes industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Stainless Steel Pipes and Tubes market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Stainless Steel Pipes and Tubes industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Stainless Steel Pipes and Tubes market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Stainless Steel Pipes and Tubes market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Stainless Steel Pipes and Tubes market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
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- By Technology
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The report provides a detailed evaluation of the market by
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different aspects including drivers, restraints...
