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

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.