Cold Drawn Seamless Steel Pipes Market Report 2026

The cold drawn seamless steel pipes market size has grown strongly in recent years. It will grow from $15.81 billion in 2025 to $17.25 billion in 2026 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to early adoption in oil and gas pipelines, growth of power generation and infrastructure projects, demand for high-strength steel pipes, advancements in cold drawing and pilger mill technologies, early use in industrial and automotive applications.

The cold drawn seamless steel pipes market size is expected to see strong growth in the next few years. It will grow to $24.81 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increasing oil and gas exploration and production activities, rising infrastructure and construction projects, growing demand for energy-efficient and durable pipelines, expansion in automotive and general engineering applications, rising use in fluid transfer and hydraulic systems. Major trends in the forecast period include rising adoption of cold drawn seamless pipes in oil and gas applications, increasing use of precision seamless pipes in automotive and industrial sectors, growing demand for high-strength and corrosion-resistant steel pipes, expansion of advanced manufacturing techniques for seamless pipe production, rising application of cold drawn pipes in power generation and infrastructure projects.

The expansion of the oil and gas sector is anticipated to drive the growth of the cold-drawn seamless steel pipes market in the coming years. Cold-drawn seamless steel pipes are widely utilized in the oil and gas industry because they can withstand the transportation of unprocessed crude oil, which requires large-diameter tubes for transfer. These pipes are essential for both offshore and onshore oil casing and tubing and provide a dependable and efficient method of moving oil from one reservoir to another. For example, in June 2024, the Energy Information Administration, a US-based government agency, reported that total petroleum and other liquid production rose from 21.131 million barrels per day in January 2023 to 22.666 million barrels per day in December 2023. Consequently, the growth of the oil and gas sector is fueling the expansion of the cold-drawn seamless steel pipes market in the foreseeable future.

The growing expansion of the automotive industry is expected to drive the growth of the cold-drawn seamless steel pipes market in the coming years. The automotive industry encompasses all economic activities related to the design, development, production, marketing, sale, and maintenance of motor vehicles. This sector requires materials that provide high strength, durability, and reliability. Cold-drawn seamless steel pipes are valued for their superior mechanical properties, such as high tensile strength and precise dimensional accuracy. These features make them ideal for a range of applications within the automotive industry. For example, in May 2025, the UK Parliament, a UK-based government agency, reported that 905,000 vehicles were produced in the UK in 2023, up from 775,000 vehicles in 2022. Hence, the ongoing growth of the automotive industry is fueling the expansion of the cold-drawn seamless steel pipes market.

In March 2023, ArcelorMittal SA, a steel manufacturing company based in Luxembourg, acquired Companhia Siderúrgica do Pecém (CSP) for $2.2 billion. This acquisition allows ArcelorMittal to boost its production capabilities and increase its footprint in the Americas. By incorporating CSP into its operations, the company intends to capitalize on synergies and enhance operational efficiencies in its steelmaking processes. Companhia Siderúrgica do Pecém (CSP) is a Brazilian steel manufacturer that primarily produces and supplies flat steel products, including cold-drawn seamless mechanical tubing.

Major companies operating in the cold drawn seamless steel pipes market report are Nippon Steel Corporation, ArcelorMittal SA, Jindal Saw Ltd., Salzgitter AG, Tenaris SA, JFE Holdings Inc., Hunan Standard Steel Co. Ltd., Sunny Steel Enterprise Ltd., US Steel Tubular Products Inc., United Seamless Tubulaar Private Limited, Xiamen Landee Industries Co. Ltd., Bri-Steel Manufacturing Inc., Tata Steel Limited, PJ Industries Inc., Salem Tube International Limited, American Tube Technology Inc., Bull Moose Tube Company, Central Tube and Bar Inc., Chicago Tube and Iron Company, Dover Tubular Alloys Inc., Federal Steel Supply Inc., HandyTube Corporation, Industrial Tube and Steel Corporation, K-Tube Technologies, Louisiana Steel Company, Marmon/Keystone LLC, McKnight Steel & Tube Co., Mead Metals Inc., Metal Associates Inc., Metalmark Inc.

Asia-Pacific was the largest region in the cold drawn seamless steel pipes market in 2025. North America is expected to be the fastest-growing region in the global cold drawn seamless steel pipes market during the forecast period. The regions covered in the cold drawn seamless steel pipes market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cold drawn seamless steel pipes market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cold drawn seamless steel pipes market consist of sales of steel pipes with grade A, grade B and grade C standards. 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.

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