Global America's steel pipes market is set to record a market value of US$ 24.8 million in 2023, pushing the market size to US$ 35.3 million in 2033. A CAGR of 3.6% indicates positive market growth over the forecast period.
Steel pipes have become a critical aspect of civil infrastructure such as water supply, sewage, automotive, and oil & gas. Steel pipes can be categorized according to material into alloy, carbon, and stainless variants.
Steel pipes are significantly gaining ground in several end-use sectors, including construction, mining, water treatment, and industrial sector applications, particularly in the oil and gas industry, which can be attributed to investments in onshore and offshore applications, particularly in the United States and Brazil. America's steel pipes market size is likely to grow significantly throughout the forecast period.
An increase in oil and gas production to meet the transportation sector's needs is one of the key factors driving the Americas steel pipe market's expansion. It is the oil and gas industry where steel pipes and tubes find their great use. For onshore and offshore operations, the ability of American steel pipes to withstand a wide range of temperatures and to transport toxic substances, as well as their weldability, high strength, low corrosion, and high tensile strength, are critical, resulting in profitability for steel pipe manufacturers.
Gas and liquid can be transported through steel pipes. Low alloy and carbon steel are common production materials. Therefore, manufacturers pay attention to raw material prices and have dedicated suppliers to offer cost benefits to their clients.
The rise in tariffs and levies is the primary factor preventing American steel pipe demand. Moreover, the trade war is having an adverse effect on the steel pipe market. Compared to welded pipes, steel pipe procurement takes longer when compared to welded pipes.
| Attributes | Details |
|---|---|
| Americas Steel Pipes Market Value (2023) | US$ 24.8 million |
| Americas Steel Pipes Market Expected Value (2033) | US$ 35.3 million |
| Americas Steel Pipes Market Projected CAGR (2023 to 2033) | 3.6% |
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Sales in global America's steel pipes market are forecasted to increase at a 2.4% CAGR compared to the 3.6% CAGR registered between 2018 and 2022. Despite the rapid urbanization of the world's population, the oil and gas industry has continued to expand. However, due to reduced demand in the oil and gas industry during the pandemic, steel pipe market growth slowed in 2020. A decline in demand was also seen in the chemical industry.
The global market is expected to continue growing during the forecast period, driven by the increasing demand from the infrastructure, construction, and manufacturing sectors. The market is also expected to benefit from government initiatives to boost economic growth and infrastructure development in the region.
The United States and Canada are expected to remain the dominant markets, while Mexico and Brazil are projected to witness significant growth due to their expanding manufacturing and construction industries. The increasing adoption of advanced technologies, such as automation and digitization, is also expected to create opportunities for the steel pipes market in the region.
| Historical CAGR | 2.4% |
|---|---|
| Historical Market Value (2022) | US$ 24 million |
| Forecast CAGR | 3.6% |
Steel pipes are popular owing to superior reliability in performance and durability, coupled with a wide range of applications in the automotive, construction, and mining industries. Also, a wide range of steel pipes, particularly for oil and gas logistics, may help long-term projections.
The corrosion issues in carbon steel pipes and the resultant requirements of replacements for ageing pipelines may aid market growth by boosting residential and non-residential applications. Also, further benefits such as hardness, temperature resistance, flexibility, aesthetics, and low maintenance costs may support the market in the long term.
ERW (electric resistance welded) steel pipes have been gaining prominence across America owing to new opportunities in local markets, emphasising infrastructure in urban settings.
Significant investments being made for buses, air travel, rail, telecommunication, and energy, are likely to generate key opportunities for market players.
Manufacturers are focusing on geographical and capacity expansions. Also, the demand for commercial and housing spaces has increased the demand for ERW pipes. Furthermore, favourable policies by governments towards gas and energy distribution may prove beneficial in market developments.
Principal Consultant
While America’s steel pipes market is projected to grow steadily at a slow rate through 2030, steel pipe manufacturers are expected to face obstacles that may restrain the potential for growth in the long term.
For instance, the high costs of installation associated with steel pipes hinder adoption rates. In addition, America’s steel pipes market may witness strong competition from alternative pipe materials, such as plastic and iron, owing to cost advantages. Steel pipe diameters are limited owing to notable cost increases for large sizes, limiting the scope of application for offerings developed by manufacturers.
Steel pipes are largely manufactured from 3 key materials – carbon steel, alloy steel, and stainless steel. Carbon steel pipes are projected to remain highly sought after in America throughout the projection period, with the carbon steel market likely to grow steadily.
The demand for carbon steel pipes can be attributed to beneficial physical and chemical attributes, including resistance to corrosion shocks, low environmental impact, and minimal need for pre-treatment before use.
Steel pipes can be categorized into seamless and welded variants. Welded steel pipes can be further segregated into ERW and SAW options. Seamless pipes are projected to hold a significant market share of 58.6% throughout the forecast period.
The demand for seamless pipes in the industry can be mainly attributed to high pressure and strength ratings and better uniformity in design, which makes it ideal for heavy-duty applications such as the oil & gas sector and water supply infrastructure, generating lucrative opportunities in the long term.
Using steel pipes in a wide temperature range and for transporting toxic substances, coupled with weldability characteristics, high strength, low corrosion, and high tensile strength, are important for onshore and offshore operations, generating lucrative opportunities for the long term.
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Countries Leading in America’s Steel Pipes Market: Country-wise Analysis
| Regions | North America |
|---|---|
| Countries | United States |
| Market Share | 70.4% |
| CAGR | 3.6% |
| Regions | North America |
|---|---|
| Countries | Canada |
| Market Share | 9.1% |
| CAGR | 2.6% |
| Regions | North America |
|---|---|
| Countries | Mexico |
| Market Share | 7.9% |
| CAGR | 2.2% |
| Regions | South America |
|---|---|
| Countries | Brazil |
| Market Share | 8.7% |
| CAGR | 2.3% |
The United States market for steel pipes remains lucrative and is anticipated to account for more than 70.4% of the overall market share. Also, sustained economic growth in the country, supported by fiscal stimulus by the government, and the resultant increase in business confidence have played a key role in the demand for steel pipes in several end-use sectors.
The United States has witnessed a substantial increase in crude oil production, providing market players with lucrative opportunities to leverage for revenue. The United States market has also witnessed significant highs and lows in the past few years, with significant growth between 2022 and 2023 and a key emphasis on applications in the oil and gas sector.
Brazil has been reflecting strong economic activity at a relatively slow pace. Industrial growth in the country and growing consumer prices in the region have been driving the market recently. However, regional economic uncertainties across Latin America have affected steel production.
Brazil has been witnessing a slump in imports, owing to fluctuations in the requirements of finished steel products, while crude steel production remains fairly stable. Moreover, key challenges for market players in Brazil include the continuing trade tensions between China and the United States, tight economic conditions, and reduced commodity prices.
In Latin America, Brazil is the only country that has managed to maintain a surplus of trade in finished steel, accounting for more than 50% of the market share in the region and 8.7% of the total market share. Favourable government policies in the country may help reduce inflation and aid in a better monetary environment. Also, the industry is likely to reflect growth through the forecast period owing to better business confidence in the industrial and construction sectors through 2023.
The demand for steel pipes in Canada is notable owing to their high value in comparison to many countries in Latin America. However, the country has been facing challenges in terms of significant slumps in the prices in terms of crude oil and the steady decline in demand from the energy industry. A CAGR of 2.6% indicates positive market growth over the forecast period.
Fluctuations in steel prices have challenged market players in terms of sales. The market is likely to reflect a steady but sluggish growth through 2033 due to growing steel prices and a trend of depreciation of the Canadian dollar.
Growth may also be driven by increasing activity in domestic oil and gas drilling and revenue generation from irrigation and water supply applications for residential and commercial infrastructure development.
According to government statistics, the deficit between imports and exports is anticipated to shrink steadily in years to come, with 2023 valuations accounting for almost 1.2 billion and 1.4 billion, respectively, aiding steady growth in the years ahead.
Some of the key players operating in America’s Steel Pipes Market are
Recent Developments
The pandemic has substantially impacted steel pipe manufacturers in the market. Consequently, market players are increasingly investing efforts in optimizing production to match the decline in demand with a reduction in production capacities and workforce gaining importance. Large manufacturers also invest in consolidating their presence during this period through strategic acquisitions.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Chile, Peru, Germany, UNITED KINGDOM, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
| Key Segments Covered | Material Type, End Use, Design, Region |
| Key Companies Profiled | American Cast Iron Pipe Company; Baosteel Group Corporation; Evraz Plc; Nippon Steel & Sumitomo Metal Corporation; JFE Holdings Corporation; Hyundai Steel Company; TMK Group; United States Steel; Tata Iron and Steel; VALLOUREC; Nucor Corporation; Zekelman Industries |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The CAGR for the market is 3.6% until 2033.
The market’s current valuation is US$ 13,953.6 million.
From 2018 to 2022, the market expanded at a 2.4% CAGR.
The market in 2023 totals US$ 24.8 million.
TMK Group, United States Steel and, Tata Iron and Steel are some key players.
The market will reach US$ 35.3 million by 2033.
1. Executive Summary | Americas Steel Pipes Market
1.1. Americas Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Material type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Material type, 2023 to 2033
5.3.1. Carbon Steel
5.3.2. Alloy Steel
5.3.3. Stainless Steel
5.4. Y-o-Y Growth Trend Analysis By Material type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Material type, 2023 to 2033
6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By End Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By End Use, 2023 to 2033
6.3.1. Construction
6.3.2. Mining
6.3.3. Municipal Water Supply and Treatment Utilities
6.3.4. Industrial
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Design
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Design, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Design, 2023 to 2033
7.3.1. Seamless
7.3.2. Welded
7.4. Y-o-Y Growth Trend Analysis By Design, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Design, 2023 to 2033
8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Region, 2023 to 2033
8.3.1. Americas
8.4. Market Attractiveness Analysis By Region
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Argentina
9.2.1.3. Mexico
9.2.1.4. Canada
9.2.1.5. USA
9.2.2. By Material type
9.2.3. By End Use
9.2.4. By Design
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material type
9.3.3. By End Use
9.3.4. By Design
9.4. Key Takeaways
10. Key Countries Steel Pipes Market Analysis
10.1. Brazil
10.1.1. Pricing Analysis
10.1.2. Market Share Analysis, 2022
10.1.2.1. By Material type
10.1.2.2. By End Use
10.1.2.3. By Design
10.2. Argentina
10.2.1. Pricing Analysis
10.2.2. Market Share Analysis, 2022
10.2.2.1. By Material type
10.2.2.2. By End Use
10.2.2.3. By Design
10.3. Mexico
10.3.1. Pricing Analysis
10.3.2. Market Share Analysis, 2022
10.3.2.1. By Material type
10.3.2.2. By End Use
10.3.2.3. By Design
10.4. Canada
10.4.1. Pricing Analysis
10.4.2. Market Share Analysis, 2022
10.4.2.1. By Material type
10.4.2.2. By End Use
10.4.2.3. By Design
10.5. USA
10.5.1. Pricing Analysis
10.5.2. Market Share Analysis, 2022
10.5.2.1. By Material type
10.5.2.2. By End Use
10.5.2.3. By Design
11. Market Structure Analysis
11.1. Competition Dashboard
11.2. Competition Benchmarking
11.3. Market Share Analysis of Top Players
11.3.1. By Regional
11.3.2. By Material type
11.3.3. By End Use
11.3.4. By Design
12. Competition Analysis
12.1. Competition Deep Dive
12.1.1. American Cast Iron Pipe Company
12.1.1.1. Overview
12.1.1.2. Product Portfolio
12.1.1.3. Profitability by Market Segments
12.1.1.4. Sales Footprint
12.1.1.5. Strategy Overview
12.1.1.5.1. Marketing Strategy
12.1.1.5.2. Product Strategy
12.1.1.5.3. Channel Strategy
12.1.2. Baosteel Group Corporation
12.1.2.1. Overview
12.1.2.2. Product Portfolio
12.1.2.3. Profitability by Market Segments
12.1.2.4. Sales Footprint
12.1.2.5. Strategy Overview
12.1.2.5.1. Marketing Strategy
12.1.2.5.2. Product Strategy
12.1.2.5.3. Channel Strategy
12.1.3. Evraz Plc
12.1.3.1. Overview
12.1.3.2. Product Portfolio
12.1.3.3. Profitability by Market Segments
12.1.3.4. Sales Footprint
12.1.3.5. Strategy Overview
12.1.3.5.1. Marketing Strategy
12.1.3.5.2. Product Strategy
12.1.3.5.3. Channel Strategy
12.1.4. Nippon Steel & Sumitomo Metal Corporation
12.1.4.1. Overview
12.1.4.2. Product Portfolio
12.1.4.3. Profitability by Market Segments
12.1.4.4. Sales Footprint
12.1.4.5. Strategy Overview
12.1.4.5.1. Marketing Strategy
12.1.4.5.2. Product Strategy
12.1.4.5.3. Channel Strategy
12.1.5. JFE Holdings Corporation
12.1.5.1. Overview
12.1.5.2. Product Portfolio
12.1.5.3. Profitability by Market Segments
12.1.5.4. Sales Footprint
12.1.5.5. Strategy Overview
12.1.5.5.1. Marketing Strategy
12.1.5.5.2. Product Strategy
12.1.5.5.3. Channel Strategy
12.1.6. Hyundai Steel Company
12.1.6.1. Overview
12.1.6.2. Product Portfolio
12.1.6.3. Profitability by Market Segments
12.1.6.4. Sales Footprint
12.1.6.5. Strategy Overview
12.1.6.5.1. Marketing Strategy
12.1.6.5.2. Product Strategy
12.1.6.5.3. Channel Strategy
12.1.7. TMK Group
12.1.7.1. Overview
12.1.7.2. Product Portfolio
12.1.7.3. Profitability by Market Segments
12.1.7.4. Sales Footprint
12.1.7.5. Strategy Overview
12.1.7.5.1. Marketing Strategy
12.1.7.5.2. Product Strategy
12.1.7.5.3. Channel Strategy
12.1.8. United States Steel
12.1.8.1. Overview
12.1.8.2. Product Portfolio
12.1.8.3. Profitability by Market Segments
12.1.8.4. Sales Footprint
12.1.8.5. Strategy Overview
12.1.8.5.1. Marketing Strategy
12.1.8.5.2. Product Strategy
12.1.8.5.3. Channel Strategy
12.1.9. Tata Iron and Steel
12.1.9.1. Overview
12.1.9.2. Product Portfolio
12.1.9.3. Profitability by Market Segments
12.1.9.4. Sales Footprint
12.1.9.5. Strategy Overview
12.1.9.5.1. Marketing Strategy
12.1.9.5.2. Product Strategy
12.1.9.5.3. Channel Strategy
12.1.10. VALLOUREC
12.1.10.1. Overview
12.1.10.2. Product Portfolio
12.1.10.3. Profitability by Market Segments
12.1.10.4. Sales Footprint
12.1.10.5. Strategy Overview
12.1.10.5.1. Marketing Strategy
12.1.10.5.2. Product Strategy
12.1.10.5.3. Channel Strategy
12.1.11. Nucor Corporation
12.1.11.1. Overview
12.1.11.2. Product Portfolio
12.1.11.3. Profitability by Market Segments
12.1.11.4. Sales Footprint
12.1.11.5. Strategy Overview
12.1.11.5.1. Marketing Strategy
12.1.11.5.2. Product Strategy
12.1.11.5.3. Channel Strategy
12.1.12. Zekelman Industries
12.1.12.1. Overview
12.1.12.2. Product Portfolio
12.1.12.3. Profitability by Market Segments
12.1.12.4. Sales Footprint
12.1.12.5. Strategy Overview
12.1.12.5.1. Marketing Strategy
12.1.12.5.2. Product Strategy
12.1.12.5.3. Channel Strategy
13. Assumptions & Acronyms Used
14. Research Methodology
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Americas Steel Pipes Market
