The iron and steel pipe and tube market size has grown marginally in recent years. It will grow from $192.23 billion in 2025 to $195.74 billion in 2026 at a compound annual growth rate (CAGR) of 1.8%. The growth in the historic period can be attributed to growing demand from oil and gas industry, expansion of power generation projects, rise in automotive and aviation sectors, increasing construction and infrastructure activities, growth in process industry applications.
The iron and steel pipe and tube market size is expected to see steady growth in the next few years. It will grow to $218 billion in 2030 at a compound annual growth rate (CAGR) of 2.7%. The growth in the forecast period can be attributed to adoption of eco-friendly and energy-efficient pipe production, increasing demand for alloy and stainless steel pipes, expansion of oil and gas pipelines, growth in renewable energy and power projects, technological advancements in welded and seamless pipe manufacturing. Major trends in the forecast period include adoption of seamless pipe manufacturing, integration of automation in pipe production, development of corrosion-resistant and high-strength pipes, energy-efficient steel and alloy pipe production, expansion of pipes and tubes for oil, gas, and power generation applications.
The anticipated increase in oil and gas production is set to drive the growth of the iron and steel pipes and tubes market. The oil and gas sectors encompass various activities related to hydrocarbon exploration, development, drilling, production, refining, and transportation. Iron and steel pipes and tubes play a crucial role in the oil and gas industry, ensuring the safe transport of liquids such as oil and gas due to their strength and ability to withstand extreme temperatures. As of March 2023, the Energy Information Administration (EIA) reported a rise in oil and gas production from 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in 2023, highlighting the driving force behind the iron and steel pipes and tubes market.
Major companies operating in the iron and steel pipes and tubes market are concentrating on creating innovative solutions, such as high-strength hydrogen storage systems, to improve safety, durability, and efficiency in energy applications. High-strength hydrogen storage systems are advanced steel-based containers designed to securely store hydrogen under high pressure, addressing issues such as hydrogen embrittlement and corrosion. For example, in October 2024, Telaris, an Italy-based global steel manufacturer, launched reliable hydrogen storage systems under pressure. These systems employ advanced steel alloys to maintain structural integrity and long-term durability, supporting the expanding hydrogen economy by delivering robust and safe storage solutions for industrial and energy applications.
In April 2023, Borusan Mannesmann, a Turkey-based steel pipe manufacturer, acquired Berg Pipe LLC for $0.162 billion. Through this acquisition, Borusan Mannesmann intends to strengthen its presence in the North American iron and steel pipe and tube market by incorporating Berg Pipe’s large-diameter line pipe expertise and expanding its manufacturing capacity in the U.S. Berg Pipe LLC is a U.S.-based company specializing in large-diameter line pipes, with production facilities located in Florida and Alabama.
Major companies operating in the iron and steel pipe and tube market report are Nippon Steel Corporation, US Steel Tubular Products Inc., ArcelorMittal SA, United Metallurgical Company JSC, ChelPipe Group, Wheatland Tube Company, American Cast Iron Pipe Company, Ansteel Group Corporation Limited, Baoshan Iron and Steel Co. Ltd., Baotou Iron and Steel Group Co. Ltd., Borusan Mannesmann Boru Sanayi ve Ticaret AS, China Baowu Steel Group Corp. Ltd., Hebei Iron and Steel Group Co. Ltd., JFE Holdings Inc., Jiangsu Changbao Steel Tube Co. Ltd., Jindal Steel & Power Ltd., Maharashtra Seamless Limited, Maruichi Steel Tube Ltd., Northwest Pipe Company, Nucor Corporation, Pohang Iron and Steel Company, Ratnamani Metals & Tubes Ltd., Shandong Iron and Steel Group Co. Ltd., Tata Steel Limited, Tenaris S.A., Tianjin Pipe (Group) Corporation, TMK Group, United States Steel Corporation, Vallourec S.A., Welspun Corp Limited, Anand Seamless Tubes Pvt. Ltd., Bhuwalka Pipes, Aaditya Stainless Pvt. Ltd., Choo Bee Metal Industries Berhad, Hunan Standard Steel Co. Ltd., Mannesmann Stainless Tubes GmbH.
Asia-Pacific was the largest region in the iron and steel pipes and tubes market in 2025. The regions covered in the iron and steel pipe and tube market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iron and steel pipe and tube market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The iron and steel pipe and tube market consists of sales of carbon steel, stainless steel, and alloys. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The iron and steel pipe and tube market size is expected to see steady growth in the next few years. It will grow to $218 billion in 2030 at a compound annual growth rate (CAGR) of 2.7%. The growth in the forecast period can be attributed to adoption of eco-friendly and energy-efficient pipe production, increasing demand for alloy and stainless steel pipes, expansion of oil and gas pipelines, growth in renewable energy and power projects, technological advancements in welded and seamless pipe manufacturing. Major trends in the forecast period include adoption of seamless pipe manufacturing, integration of automation in pipe production, development of corrosion-resistant and high-strength pipes, energy-efficient steel and alloy pipe production, expansion of pipes and tubes for oil, gas, and power generation applications.
The anticipated increase in oil and gas production is set to drive the growth of the iron and steel pipes and tubes market. The oil and gas sectors encompass various activities related to hydrocarbon exploration, development, drilling, production, refining, and transportation. Iron and steel pipes and tubes play a crucial role in the oil and gas industry, ensuring the safe transport of liquids such as oil and gas due to their strength and ability to withstand extreme temperatures. As of March 2023, the Energy Information Administration (EIA) reported a rise in oil and gas production from 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in 2023, highlighting the driving force behind the iron and steel pipes and tubes market.
Major companies operating in the iron and steel pipes and tubes market are concentrating on creating innovative solutions, such as high-strength hydrogen storage systems, to improve safety, durability, and efficiency in energy applications. High-strength hydrogen storage systems are advanced steel-based containers designed to securely store hydrogen under high pressure, addressing issues such as hydrogen embrittlement and corrosion. For example, in October 2024, Telaris, an Italy-based global steel manufacturer, launched reliable hydrogen storage systems under pressure. These systems employ advanced steel alloys to maintain structural integrity and long-term durability, supporting the expanding hydrogen economy by delivering robust and safe storage solutions for industrial and energy applications.
In April 2023, Borusan Mannesmann, a Turkey-based steel pipe manufacturer, acquired Berg Pipe LLC for $0.162 billion. Through this acquisition, Borusan Mannesmann intends to strengthen its presence in the North American iron and steel pipe and tube market by incorporating Berg Pipe’s large-diameter line pipe expertise and expanding its manufacturing capacity in the U.S. Berg Pipe LLC is a U.S.-based company specializing in large-diameter line pipes, with production facilities located in Florida and Alabama.
Major companies operating in the iron and steel pipe and tube market report are Nippon Steel Corporation, US Steel Tubular Products Inc., ArcelorMittal SA, United Metallurgical Company JSC, ChelPipe Group, Wheatland Tube Company, American Cast Iron Pipe Company, Ansteel Group Corporation Limited, Baoshan Iron and Steel Co. Ltd., Baotou Iron and Steel Group Co. Ltd., Borusan Mannesmann Boru Sanayi ve Ticaret AS, China Baowu Steel Group Corp. Ltd., Hebei Iron and Steel Group Co. Ltd., JFE Holdings Inc., Jiangsu Changbao Steel Tube Co. Ltd., Jindal Steel & Power Ltd., Maharashtra Seamless Limited, Maruichi Steel Tube Ltd., Northwest Pipe Company, Nucor Corporation, Pohang Iron and Steel Company, Ratnamani Metals & Tubes Ltd., Shandong Iron and Steel Group Co. Ltd., Tata Steel Limited, Tenaris S.A., Tianjin Pipe (Group) Corporation, TMK Group, United States Steel Corporation, Vallourec S.A., Welspun Corp Limited, Anand Seamless Tubes Pvt. Ltd., Bhuwalka Pipes, Aaditya Stainless Pvt. Ltd., Choo Bee Metal Industries Berhad, Hunan Standard Steel Co. Ltd., Mannesmann Stainless Tubes GmbH.
Asia-Pacific was the largest region in the iron and steel pipes and tubes market in 2025. The regions covered in the iron and steel pipe and tube market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iron and steel pipe and tube market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The iron and steel pipe and tube market consists of sales of carbon steel, stainless steel, and alloys. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Iron and Steel Pipe and Tube Market Characteristics
3. Iron and Steel Pipe and Tube Market Supply Chain Analysis
4. Global Iron and Steel Pipe and Tube Market Trends and Strategies
5. Iron and Steel Pipe and Tube Market Analysis of End Use Industries
7. Global Iron and Steel Pipe and Tube Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Iron and Steel Pipe and Tube Total Addressable Market (TAM) Analysis for the Market
9. Iron and Steel Pipe and Tube Market Segmentation
10. Iron and Steel Pipe and Tube Market Regional and Country Analysis
11. Asia-Pacific Iron and Steel Pipe and Tube Market
12. China Iron and Steel Pipe and Tube Market
13. India Iron and Steel Pipe and Tube Market
14. Japan Iron and Steel Pipe and Tube Market
15. Australia Iron and Steel Pipe and Tube Market
16. Indonesia Iron and Steel Pipe and Tube Market
17. South Korea Iron and Steel Pipe and Tube Market
18. Taiwan Iron and Steel Pipe and Tube Market
19. South East Asia Iron and Steel Pipe and Tube Market
20. Western Europe Iron and Steel Pipe and Tube Market
21. UK Iron and Steel Pipe and Tube Market
22. Germany Iron and Steel Pipe and Tube Market
23. France Iron and Steel Pipe and Tube Market
24. Italy Iron and Steel Pipe and Tube Market
25. Spain Iron and Steel Pipe and Tube Market
26. Eastern Europe Iron and Steel Pipe and Tube Market
27. Russia Iron and Steel Pipe and Tube Market
28. North America Iron and Steel Pipe and Tube Market
29. USA Iron and Steel Pipe and Tube Market
30. Canada Iron and Steel Pipe and Tube Market
31. South America Iron and Steel Pipe and Tube Market
32. Brazil Iron and Steel Pipe and Tube Market
33. Middle East Iron and Steel Pipe and Tube Market
34. Africa Iron and Steel Pipe and Tube Market
36. Iron and Steel Pipe and Tube Market Competitive Landscape and Company Profiles
37. Iron and Steel Pipe and Tube Market Other Major and Innovative Companies
40. Iron and Steel Pipe and Tube Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Iron and Steel Pipe and Tube Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses iron and steel pipe and tube market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for iron and steel pipe and tube? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The iron and steel pipe and tube market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Seamless Pipes and Tubes; Welded Pipes and Tubes2) By Material: Carbon Steel; Alloy Steel; Stainless Steel; Cast Iron; Other Materials
3) By End-Users: Oil and Gas; Power Generation; Automotive; Construction; Other End Users
Subsegments:
1) By Seamless Pipes and Tubes: Carbon Steel Seamless Pipes; Alloy Steel Seamless Pipes; Stainless Steel Seamless Pipes2) By Welded Pipes and Tubes: Electric Resistance Welded (ERW) Pipes; Longitudinally Welded Pipes; Spiral Welded Pipes; Submerged Arc Welded (SAW) Pipes
Companies Mentioned: Nippon Steel Corporation; US Steel Tubular Products Inc.; ArcelorMittal SA; United Metallurgical Company JSC; ChelPipe Group; Wheatland Tube Company; American Cast Iron Pipe Company; Ansteel Group Corporation Limited; Baoshan Iron and Steel Co. Ltd.; Baotou Iron and Steel Group Co. Ltd.; Borusan Mannesmann Boru Sanayi ve Ticaret aS; China Baowu Steel Group Corp. Ltd.; Hebei Iron and Steel Group Co. Ltd.; JFE Holdings Inc.; Jiangsu Changbao Steel Tube Co. Ltd.; Jindal Steel & Power Ltd.; Maharashtra Seamless Limited; Maruichi Steel Tube Ltd.; Northwest Pipe Company; Nucor Corporation; Pohang Iron and Steel Company; Ratnamani Metals & Tubes Ltd.; Shandong Iron and Steel Group Co. Ltd.; Tata Steel Limited; Tenaris S.a.; Tianjin Pipe (Group) Corporation; TMK Group; United States Steel Corporation; Vallourec S.a.; Welspun Corp Limited; Anand Seamless Tubes Pvt. Ltd.; Bhuwalka Pipes; Aaditya Stainless Pvt. Ltd.; Choo Bee Metal Industries Berhad; Hunan Standard Steel Co. Ltd.; Mannesmann Stainless Tubes GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Iron and Steel Pipe and Tube market report include:- Nippon Steel Corporation
- US Steel Tubular Products Inc.
- ArcelorMittal SA
- United Metallurgical Company JSC
- ChelPipe Group
- Wheatland Tube Company
- American Cast Iron Pipe Company
- Ansteel Group Corporation Limited
- Baoshan Iron and Steel Co. Ltd.
- Baotou Iron and Steel Group Co. Ltd.
- Borusan Mannesmann Boru Sanayi ve Ticaret AS
- China Baowu Steel Group Corp. Ltd.
- Hebei Iron and Steel Group Co. Ltd.
- JFE Holdings Inc.
- Jiangsu Changbao Steel Tube Co. Ltd.
- Jindal Steel & Power Ltd.
- Maharashtra Seamless Limited
- Maruichi Steel Tube Ltd.
- Northwest Pipe Company
- Nucor Corporation
- Pohang Iron and Steel Company
- Ratnamani Metals & Tubes Ltd.
- Shandong Iron and Steel Group Co. Ltd.
- Tata Steel Limited
- Tenaris S.A.
- Tianjin Pipe (Group) Corporation
- TMK Group
- United States Steel Corporation
- Vallourec S.A.
- Welspun Corp Limited
- Anand Seamless Tubes Pvt. Ltd.
- Bhuwalka Pipes
- Aaditya Stainless Pvt. Ltd.
- Choo Bee Metal Industries Berhad
- Hunan Standard Steel Co. Ltd.
- Mannesmann Stainless Tubes GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 195.74 Billion |
| Forecasted Market Value ( USD | $ 218 Billion |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 37 |
