Global Welded Pipes Market

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 News

  • 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.
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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).

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. '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)'

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.

Materials That Are Strong and Resistant to Corrosion: The 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

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.

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Global Welded Pipes Market

Report ID: SQMIG20C2090

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