Steel Pipes And Tubes Market Size, Share, Growth Analysis, By Technology(Seamless, ERW, SAW), By Application(Oil & gas, Chemicals, petrochemicals, Automotive & transportation), By Material(Alloy Steel, Black Steel, Carbon Steel, Iron Steel), By Type(Line, Standard, Structural), By Region - Industry Forecast 2024-2031

Steel Pipes and Tubes Market Driver

Rising Demand from Transportation Sector

• Steel pipes have a variety of properties, including high dependability and corrosion resistance. Steel pipes are the preferred material for many construction projects, including home and business construction. Steel pipes are also in high demand because they are more commonly used in industrial applications and are less expensive than traditional pipes and tubing.
• The rising demand for steel tubing in the building and construction sector is one of the primary drivers of the steel pipe and tubes market's expansion. The low or no maintenance costs of steel tubes are a significant contributor to the growth of the steel tubes industry.

Steel Pipes and Tubes Market Restraint

High Cost and Availability of Alternatives to Hamper Market Growth

• Pipes, despite being made of low-cost materials, are more expensive to transport due to their weight. As a result, the global market for steel tubes and pipes is expected to grow more slowly. Transportation accounts for roughly half of all administrative and logistical costs for pipes. Typically, 50% of pipes are transported by road, and in some areas, the cost of shipping pipes can be greater than the cost of production if the material is trucked more than 20 miles
• Although demand is increasing across a number of industries, the presence of alternatives can impede market expansion. These alternatives include plastic pipes made of UPVC, HDPE, Polypropylene, and Polyethylene because these substances are strong, lightweight, and corrosion-resistant.