Pune, India, Oct. 20, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global stainless steel pipes and tubes market size accounted for USD 28.98 billion in 2020 and is likely to showcase consistent growth throughout the study period. This can be attributed to growing energy demand, mounting automotive production, and increasing infrastructural development.
The study elaborates on the current trends as well as technologies that are playing a critical role in the growth of this marketplace. It also highlights the growth stimulants, challenges & restraints, and other expansion opportunities expected to impact the growth matrix over the period of 2021-2026.
The research report also provides a detailed Porter’s Five Forces analysis to allow entrepreneurs and investors to gauge the competitive terrain of this business space, further ensuring improved decision-making and high profitability while starting new ventures.
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Stainless steel pipes and tubes are known to offer exceptional durability, high pressure and corrosion resistance, and yield strength. Thus, rapid industrialization and widespread adoption of the product across various applications such as oil & gas, automotive, and construction activities are stimulating the overall industry outlook.
Surging R&D investments and subsequent technological breakthroughs are also favoring the overall market scenario. Various manufacturers have been focusing on producing stainless steel welded pipes to offer a customized product according to the specific needs.
Impact of COVID-19 outbreak
The outbreak of Coronavirus and eventual lockdowns has severely affected the global economy as well as various sectors such a power generation, automotive, manufacturing, and oil & gas industries. Supply chain disruptions and declining demand for steel products are hampering global stainless steel pipes and tubes industry remuneration.
A summary of the market segmentations
Based on product landscape, the market is split into seamless and welded segments.
The end-user scope of global stainless steel pipes and tubes market consists of water & wastewater, civil construction, oil & gas, industrial & power, automotive, and others.
Elaborating on the regional outlook
The worldwide scope of operations of this marketplace consists of Americas, Asia-Pacific, and Europe.
Among these, Asia-Pacific currently accounts for the largest share in global stainless steel pipes and tubes industry and is likely to witness continuous growth throughout the analysis timeframe. Swift industrialization, improving economic conditions, and mounting construction activities are facilitating the business scenario in Asia-Pacific.
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Global Stainless Steel Pipes and Tubes Market Product Landscape (Revenue, USD Million, 2016-2026)
- Seamless
- Welded
Global Stainless Steel Pipes and Tubes Market by End-user Scope (Revenue, USD Million, 2016-2026)
- Water & Wastewater
- Civil Construction
- Oil & Gas
- Industrial & Power
- Automotive
- Others
Global Stainless Steel Pipes and Tubes Market Regional Forecast (Revenue, USD Million, 2016-2026)
Americas
- Canada
- United States
- Mexico
Europe
- Italy
- France
- Germany
Asia-Pacific
- South Korea
- India
- China
- Japan
Global Stainless Steel Pipes and Tubes Market by Competitive Outlook (Revenue, USD Million, 2016-2026)
- Sandvik AB
- TUBACEX Group
- Northwest Pipe Company
- Kobe Steel Ltd.
- Choo Bee Group
- Jindal Saw Ltd.
- Ratnamani Metals & Tubes Ltd.
- Tata Steel Ltd.
- United States Steel Corporation
- ArcelorMittal S.A.
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Stainless Steel Pipes and Tubes Market: Product Overview
4. Global Stainless Steel Pipes and Tubes Market: An Analysis
4.1 Market Size, By Value, Year 2016-2026
4.2 Market Size, By Volume, Year 2016-2026
4.3 Impact of COVID-19 on Stainless Steel Pipes and Tubes Market
4.4 Global Stainless Steel Pipes and Tubes Market: Growth & Forecast
5. Global Stainless Steel Pipes and Tubes Market Segmentation, By Product Type
5.1 Global Stainless Steel Pipes and Tubes Market: Segment Analysis
5.2 Competitive Scenario of Stainless Steel Pipes and Tubes Market: By Product Type (2020 & 2026)
5.3 By Welded- Market Size and Forecast (2016-2026)
5.4 By Seamless- Market Size and Forecast (2016-2026)
6. Global Stainless Steel Pipes and Tubes Market Segmentation, By End User
6.1 Global Stainless Steel Pipes and Tubes Market: Segment Analysis
6.2 Competitive Scenario of Global Stainless Steel Pipes and Tubes Market: By End User (2020 & 2026)
6.3 By Automotive- Market Size and Forecast (2016-2026)
6.4 By Industrial & Power- Market Size and Forecast (2016-2026)
6.5 By Oil & Gas- Market Size and Forecast (2016-2026)
6.6 By Civil Construction- Market Size and Forecast (2016-2026)
6.7 By Water & Waste Water- Market Size and Forecast (2016-2026)
6.8 By Others- Market Size and Forecast (2016-2026)
7. Global Stainless Steel Pipes and Tubes Market: Regional Analysis
7.1 Competitive Scenario of Global Stainless Steel Pipes and Tubes Market: By Region (2020 & 2026)
8. Americas Stainless Steel Pipes and Tubes Market: An Analysis (2016-2026)
8.1 Americas Stainless Steel Pipes and Tubes Market by value: Size and Forecast (2016-2026)
8.2 Americas Stainless Steel Pipes and Tubes Market: Prominent Companies
8.3 Market Segmentation By Product Type (Welded, Seamless)
8.4 Market Segmentation By End User (Automotive, Industrial & Power, Oil & Gas, Civil Construction, Water & Waste Water, Others)
8.5 Americas Stainless Steel Pipes and Tubes Market: Country Analysis
9. Europe Stainless Steel Pipes and Tubes Market: An Analysis (2016-2026)
9.1 Europe Stainless Steel Pipes and Tubes Market by value: Size and Forecast (2016-2026)
9.2 Europe Stainless Steel Pipes and Tubes Market: Prominent Companies
9.3 Market Segmentation By Product Type (Welded, Seamless)
9.4 Market Segmentation By End User (Automotive, Industrial & Power, Oil & Gas, Civil Construction, Water & Waste Water, Others)
9.5 Europe Stainless Steel Pipes and Tubes Market: Country Analysis
10. Asia Pacific Stainless Steel Pipes and Tubes Market: An Analysis (2016-2026)
10.1 Asia Pacific Stainless Steel Pipes and Tubes Market by value: Size and Forecast (2016-2026)
10.2 Asia Pacific Stainless Steel Pipes and Tubes Market: Prominent Companies
10.3 Market Segmentation By Product Type (Welded, Seamless)
10.4 Market Segmentation By End User (Automotive, Industrial & Power, Oil & Gas, Civil Construction, Water & Waste Water, Others)
10.5 Asia Pacific Stainless Steel Pipes and Tubes Market: Country Analysis
11. Global Stainless Steel Pipes and Tubes Market Dynamics
11.1 Global Stainless Steel Pipes and Tubes Market Drivers
11.2 Global Stainless Steel Pipes and Tubes Market Restraints
11.3 Global Stainless Steel Pipes and Tubes Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness Chart of Global Stainless Steel Pipes and Tubes Market - By Product Type (Year 2026)
12.2 Market Attractiveness Chart of Global Stainless Steel Pipes and Tubes Market - By End User (Year 2026)
12.3 Market Attractiveness Chart of Global Stainless Steel Pipes and Tubes Market - By Region (Year 2026)
13. Competitive Landscape
13.1 Market Share of global leading companies
13.2 Global major stainless steel producers
13.3 SWOT Analysis- Global Stainless Steel Pipes and Tubes Market
13.4 Porter Five Force Analysis- Global Stainless Steel Pipes and Tubes Market
14. Global Stainless Steel Pipes and Tubes Market: Merger & Acquisitions
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
Related Report:
Steel Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
The global steel market for automotive and aerospace applications is projected to expand substantially in the forthcoming years, driven by the rapid developments in the automotive and aerospace sectors. The demand for steel angles, shapes, and sections is likely to grow at a 4.5% CAGR through 2027. The drawn wire segment is expected to be worth more than USD 3 billion by 2027. Drawn wires are extensively used in the reinforcement of tires in order to enhance their strength and durability. They also find wide use in the production of automotive controls. The demand for steel wire rods is expected to increase at a CAGR of around 5.5% over the same timeframe. Steel is widely preferred in wire rods on account of its high strength, ductility, malleability, and corrosion resistance which is required in various automotive components. The hot rolled bars and rods segment will be worth more than USD 27.5 billion by 2027. Meanwhile, the adoption of other bars and rods will increase at a 3% CAGR.
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