USD 240.5 billion
Welded Pipes Market Size, Share, Growth Analysis, By Metal Type(Carbon Steel, Alloy Steel and Stainless Steel), By Welding(Spiral Seam Welding and Straight Seam Welding), By Product(Process Pipes, Heat Exchange Tubes, Structural Tubes, Structural Tubes), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20C2090 |
Region:
Global |
Published Date: April, 2024
Pages:
199
|Tables:
89
|Figures:
71
Welded Pipes Market Insights
Global Welded Pipes Market size was valued at USD 240.5 billion in 2022, USD 253.1 billion in 2023 and is projected to grow USD 360.9 billion by 2031, growing at a CAGR of 5.20% in the forecast period (2024-2031).
The market's steady revenue growth is being driven by the demand from the construction industry. Magnesium, carbon, and molybdenum are utilised in welding. One important element driving the market for welded pipes is the need for industries to have certain structural and functional criteria. The need for these welding pipes grows along with the development of residential and commercial structures. The market for welded pipes will expand as a result of the new regulations in emerging economies. Adoption will increase with the extensive architectural application. Over the course of the forecast period, all of these variables are anticipated to increase the market's overall value.
Profit drops significantly when raw material costs keep rising quickly along with the cost of welding pipes. The market for welded pipes has been declining due to the unpredictability in the energy sector, which is one of the biggest users of welded pipes. These are the biggest issues facing the market for welded pipes. The development and expansion of multiple welded pipelines has been spurred by the increasing demand for the product in certain industrial inputs, such as gas and oil. Pipeline contractors and engineers need to be up to date in order to continue in business, particularly because of the growing level of competition. These pipes are becoming more and more common in the marine, automotive, and medical sectors.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Carbon steel
Fastest Growth
Stainless steel
Growth Rate
5.20% CAGR
Global Welded Pipes Market ($ Bn)
Country Share for Asia Pacific (%)
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Welded Pipes Market Segmental Analysis
The global welded pipes market is segmented based on metal type, welding, product and regional type. In terms of metal types, the market is grouped into carbon steel, alloy steel and stainless steel. Based on welding, the market is bifurcated into spiral seam welding and straight seam welding. In terms of product, the market is segmented into process pipes, heat exchange tubes, structural tubes, structural tubes, hydraulic & instrumentation tubes and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. Metal type is expected to dominate the global welded pipe market in the near future.
Analysis by Metal Type
As per categorization by metal type, the market is classified into carbon steel, alloy steel and stainless steel. Among these, carbon steel earned the largest share and continues to dominate the market. The current innovation and use of carbon steel has been significant in the global market for welded pipes. Because of its strength and longevity, carbon steel is a popular choice for welded pipes in a variety of industries, including the construction, oil and gas, and automotive sectors. The performance of carbon steel has been further improved by recent developments in metallurgy and manufacturing processes, allowing the creation of high-quality welded pipes that satisfy exacting standards and provide dependability and cost-effectiveness in demanding applications.
Stainless steel and alloy steel are poised to be the fastest-growing segments in the Global Welded Pipes Market due to several key factors. These materials offer superior corrosion resistance, making them ideal for applications in harsh environments such as marine and chemical processing industries. Additionally, stainless steel and alloy steel possess exceptional strength and durability properties, ensuring longevity and reliability in demanding conditions. With increasing investments in infrastructure and industrial development worldwide, the demand for welded pipes made from stainless steel and alloy steel is expected to surge significantly in the coming years.
Analysis by Product
Innovations in process pipe design and application have been crucial in the global welded pipes market in fulfilling changing industrial demands. Process pipes with exact dimensions and improved performance characteristics may now be produced thanks to advanced manufacturing methods, serving a variety of applications in industries like food processing, pharmaceuticals, and petrochemicals. Furthermore, the use of materials and coatings resistant to corrosion has increased the service life of process pipes, guaranteeing dependability and efficiency in crucial industrial operations.
Due to rising demand across a variety of industries, Heat Exchanger Tubes, Structural Tubes, Hydraulic & Instrumentation Tubes, and other specialized segments are expected to grow at the quickest rate in the Global Welded Pipes Market. Heat exchanger tubes are in greater demand for use in power plants, HVAC systems, and industrial processes as enterprises place a greater emphasis on energy efficiency. Worldwide construction and infrastructure development projects depend heavily on structural tubes, while the growing demands of industries like precision engineering, automotive, and aerospace are met by hydraulic and instrumentation tubes. It is anticipated that these segments will see substantial expansion as a result of the varied demand landscape.
Global Welded Pipes Market By Metal Type (%)
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Welded Pipes Market Regional Insights
This market will be dominated by Asia Pacific. The need for additional structures resulting from corporate center overcrowding has led to an increase in the development of commercial buildings, including offices and complexes. The early adoption of several cutting-edge waste management technologies and a solid base of wealthy business owners providing a range of goods. The second-largest market share for welded pipes is held by North America, where increased real estate spending by building companies has led to significant growth in the construction industry. In addition, the United States holds the largest market share for welded pipes, while Canada has the fastest-growing welded pipe market in the North American region.
The market for welded pipes in Europe is anticipated to expand at the quickest rate between 2024 and 2031. The European welded pipes market is expanding as a result of rising environmental concerns, more infrastructure repair, and a move towards more economically sound construction. Furthermore, the UK Welded Pipes market is growing at the fastest rate in Europe, while the German retained the biggest market share. Latin America is becoming a significant market due to its efforts to enhance its infrastructure and the rising amount of money being spent on oil and gas exploration.
Global Welded Pipes Market By Geography
- Largest
- Fastest
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Welded Pipes Market Dynamics
Drivers
Market Growth in Emerging Economies
- One of the causes is the growth of economic activity in developing nations. Construction, oil and gas, and manufacturing are some of the industries that are seeing strong growth in nations like South Africa, Brazil, China, and India. The need for welded pipes for applications including pipelines, structural components, and machinery fabrication is growing as major economies continue to engage in infrastructure development and industrialization.
Technological Developments in Production Methods
- The fabrication of welded pipes is now produced with much more efficiency and quality because to innovations like automated production lines, high-frequency welding, and laser welding. Thanks to these developments, producers can now create pipes that fulfil the exacting standards of multiple industries by producing them with improved corrosion resistance, strength, and tighter tolerances.
Restraints
Environmental Issues and Regulations Adherence
- The stricter regulations and growing environmental concerns are two factors limiting the growth of the global welded pipe market. The environmental impact of welded pipe manufacturing processes, especially those with high energy consumption and emissions, may draw examination. Manufacturers may incur increased compliance costs as a result of the tighter restrictions that governments around the world are enforcing to lessen pollution and cut carbon emissions.
Alternative Piping Materials' Competition
- The increased competition from alternative pipeline materials is another factor impeding the growth of the global welded pipe market. Despite the benefits of welded pipes—such as their strength, resilience, and affordability—they are competing with materials such as seamless pipes, composites, and polymers. These substitute materials, especially in the transportation, irrigation, and plumbing sectors, frequently have better corrosion resistance, lighter weights, and simpler installation processes.
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Welded Pipes Market Competitive Landscape
Due to the abundance of competitors, the market for welded pipes is very competitive. A few participants are concentrating on specialising in a certain market segment for customers. Throughout the entire chain, the market has strong relationships with a strong emphasis on innovations. Manufacturers are striving for strategic partnerships with local distributors and end users in order to meet the needs of a growing clientele. It is difficult for new competitors to enter this market because of brand awareness and strong marketing. Companies hope to obtain a competitive advantage through these advancements.
Top Player’s Company Profiles
- Arcelormittal (US)
- Evraz Plc (Russia)
- Napsteel (US)
- Sandvik AB (Europe)
- US Steel Tubular Products (US)
- Associated Pipeline Contractors Inc (US)
- Foshan Zhongde Stainless Steel Co. Ltd (Russia)
- Benteler International AG (Europe)
- Samuel Associated Tube Group (Europe)
- Marmon Keystone Canada, Inc (US)
- Sosta GmbH & Co. KG (Germany)
- Hyundai Steel Co., Ltd (South Korea)
- FROCH ENTERPRISE CO., LTD. (Taiwan)
- F.E.R. Fischer Edelstahlrohre GmbH (Germany)
- YC Inox (Taiwan)
Recent Developments
- In June 2022, Leading steel manufacturer ArcelorMittal introduced a new line of sophisticated, highly strengthened welded pipes intended for demanding uses in the industrial, construction and automotive industries. These cutting-edge pipes satisfy the changing expectations of consumers for strong, long-lasting solutions by providing an improved strength-to-weight ratio and increased corrosion resistance. The launch of these pipes is evidence of ArcelorMittal's ongoing commitment to product development and technological innovation.
- In September 2023, Global leader in the production of welded pipes, Tenaris, announced plans to increase its production capacity in the Middle East. With this investment, the need for welded pipes in industries including infrastructure, construction, and oil & gas is expected to rise. Tenaris's dedication to bolstering its position in important areas and improving customer service in the area is demonstrated by this calculated action.
- In November 2023, Prominent player in the welded pipes industry Nippon Steel added a new line of corrosion-resistant welded pipes to its product offering. These pipes are made specifically to survive challenging working conditions in the marine, offshore, and petrochemical industries. The launch of corrosion-resistant pipes demonstrates Nippon Steel's dedication to providing complete solutions to meet the needs of customers in need of dependable and long-lasting piping systems.
Welded Pipes Key Market Trends
- Materials That Are Strong and Resistant to Corrosion: The global market for welded pipes is showing a discernible trend towards higher demand for pipes constructed of corrosion-resistant materials and high-strength alloys. The need for pipes that can survive tough environments and demanding applications is driving the adoption of innovative materials in the fabrication of welded pipes, particularly in the oil and gas, construction, and automotive industries
- More Projects Involving Infrastructure Development: The increase in infrastructure development projects worldwide is another significant trend in the global market for welded pipes. Infrastructure, such as energy, water supply, and transportation networks, is being extensively invested in by nations. For usage in drainage systems, pipelines, and structural supports, welded pipes are crucial parts of these projects. Global demand for welded pipes is mostly driven by the expanding infrastructure building activities.
Welded Pipes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the demand for welded pipes across a range of applications is driven by strong economic activity in emerging economies, especially in the manufacturing, oil and gas, and construction sectors. This is evident in countries like South Africa, Brazil, China, and India, where there is a significant push towards industrialization and infrastructure development. The global market for welded pipes is facing challenges from tighter regulations and growing environmental concerns. Manufacturers are facing higher compliance costs as a result of the tighter restrictions aimed at reducing pollution and carbon emissions. Additionally, the market growth is further impeded by competition from alternative pipeline materials that offer superior corrosion resistance and ease of installation, despite the inherent strengths and affordability of welded pipes.
The market for welded pipes is quite competitive, with certain players focusing on particular market niches, placing a premium on innovation, and building solid connections throughout the supply chain. The need for durability in harsh environments, particularly in the oil and gas, construction, and automotive industries, is driving the global market for welded pipes. Additionally, the rise in infrastructure development projects globally, particularly in the energy, water supply, and transportation sectors, is fuelling the demand for welded pipes for crucial applications like drainage systems, pipelines, and structural supports.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 240.5 billion |
| Market size value in 2031 | USD 360.9 billion |
| Growth Rate | 5.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Welded Pipes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Welded Pipes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Welded Pipes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Welded Pipes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Welded Pipes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Welded Pipes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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