Global Stainless Steel Pipes Market Analysis and Forecast 2019-2028

Market Introduction: Key Takeaways

The global stainless steel pipes market is expected to reach a value of US$ 44 billion by 2028, growing at a CAGR of 5.7% during the forecast period 2023-2028. The increasing demand for stainless steel pipes in key industries, coupled with infrastructure development activities across regions, is driving the stainless steel pipes market growth.

The global stainless steel pipes market has witnessed significant growth in recent years and is expected to continue its upward trajectory in the forecast period. Stainless steel pipes are widely used in various industries such as oil and gas, construction, automotive, and water treatment due to their excellent corrosion resistance, durability, and high strength.

Market Drivers and Trend Analysis

Growing Demand from the Oil and Gas Industry: The oil and gas industry is a major consumer of stainless steel pipes due to their corrosion resistance and ability to withstand high pressure and temperature. The rising exploration and production activities, particularly in offshore fields, are driving the demand for stainless steel pipes in this sector.

Expansion of Construction and Infrastructure Projects: The construction industry is witnessing rapid growth worldwide, creating a substantial demand for stainless steel pipes in building and infrastructure applications. The trend towards sustainable and energy-efficient buildings further boosts the demand for stainless steel pipes.

Increasing Water Treatment Activities: The need for clean water supply and wastewater treatment has increased globally. Stainless steel pipes are extensively used in water treatment plants due to their hygienic properties, resistance to corrosion, and long service life, thereby driving the stainless steel pipes market growth.

Key Segmental Analysis

Based on diameter, the global stainless steel pipes market can be segmented into small-diameter pipes (up to 12 inches) and large-diameter pipes (above 12 inches). Currently, small-diameter pipes dominate the stainless steel pipes market owing to their extensive use in various applications such as plumbing, automotive exhaust systems, and HVAC systems.

Global and Regional Market Analysis – Based on Market Intelligence 

The Asia Pacific region holds the largest share of the global stainless steel pipes market. Rapid industrialization, infrastructural development, and urbanization in countries like China, India, and Japan have contributed to the market’s growth. The presence of key stainless steel pipe manufacturers in this region further enhances market dominance.

In terms of regional growth, the Middle East and Africa stainless steel pipes market is expected to witness substantial expansion in the stainless steel pipes market due to significant investments in oil and gas exploration and infrastructure development projects. North America and Europe are mature stainless steel pipes markets with a steady demand for stainless steel pipes in various industries.

Competition Overview: Market Structure and Leading Players

The global stainless steel pipes market is highly competitive, with several leading market players operating in the industry. Some of the prominent market players in the global stainless steel pipes market include Outokumpu Oyj, ArcelorMittal, Nippon Steel Corporation, Tata Steel, Jindal Stainless Ltd., ThyssenKrupp AG, Aperam, AK Steel Holding Corporation, Sandvik AB, Tenaris S.A. among others.

These companies are focused on product innovation, strategic partnerships, and expansion into new markets to gain a competitive edge. Additionally, the market is characterized by the presence of several small and medium-sized players offering specialized products and services.

Key Market Segmentation: Global Stainless Steel Pipes Market

Rationalstat has segmented the global stainless steel pipes market on the basis of product, diameter, application, region, and end user.

• By Product
  • 300 Series
  • 400 Series
  • 900 Series
  • Nickel Alloy Grade and Others
• By Application
  • Construction
  • Automotive
  • Water Supply and Treatments
    • Municipal
    • Industrial
  • Oil and Gas
  • Petrochemical
  • Chemical
  • Power Generation
  • Other Industrials
• By Diameter
  • 4-20 mm
  • 20-40 mm
  • 40-60 mm
  • 60-100 mm
  • 100-200 mm
  • 200-400 mm
  • >400 mm
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic Countries
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Egypt
    • Sub-saharan
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs

Why Buy this Report?

The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.