Welded Pipes Market Research Report 2025
Welded Pipes Market Global Industry Analysis and Forecast (2025-2032) by Material (Carbon Steel, Stainless Steel, Alloy Steel), Product (Process Pipes, Mechanical Tubes, Heat Exchanger Tubes, Structural Tubes, Hydraulic & Instrumentation Tubes), Application (Oil & Gas, Power Generation, Infrastructure & Construction, Automotive, Mechanical & Engineering), Welding Type (Spiral Seam Welding, Straight Seam Welding), and Region
Welded Pipes Market Synopsis:
Welded Pipes Market Size Was Valued at USD 320.05 Billion in 2024, and is Projected to Reach USD 480.11 Billion by 2032, Growing at a CAGR of 5.2% from 2025-2032.
The market for welded pipes includes global production and demand for pipes that are made by welding the edges of metal sheets or plates into tubular forms. Such pipes are extensively used across industries like oil and gas, construction, automobiles, and chemical processing because they are cost-efficient and easily accessible.
Their easy integration into structural and transport systems has rendered them a cornerstone material in contemporary infrastructure. Infrastructure building continues to be the most prominent driver, especially in those emerging markets undergoing fast-paced urbanisation and industrialisation. Usage ranges from oil and gas pipelines to water treatment facilities and urban buildings. Government investment in projects such as railroads, airports, and smart cities continues to enhance demand, with carbon, molybdenum, and magnesium welding methods providing specialised solutions for various industries.
Welded pipes have benefits such as uniform wall thickness, smooth finishes, and reduced production costs over seamless pipes. Increasing raw material prices and variations in energy demand are the major market constraints, affecting pricing strategy and profit margins for producers.
Source: AkViS Intelligence
- In 2023, Italy led the global export of welded pipes and tubing of stainless steel, outperforming China and Germany. Italy's moderate growth of 1.06% contrasts with China's more robust 3.11%. Germany saw a slight contraction at -0.14%. The United States and South Korea experienced modest growth, while Canada and France faced significant declines. Emerging markets like India, Slovakia, and Hungary showed notable increases, propelling their positions in global exports.
The Top Active Players Involved Are:
“APL Apollo Tubes Limited (India), Benteler International AG (Austria), Chelpipe (Russia), CSM TUBE spa (Italy), EVRAZ plc (Russia), F.E.R. Fischer Edelstahlrohre GmbH (Germany), Foshan Zhongde Stainless Steel Co., Ltd. (China), Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd. (China), Hyundai Steel Co., Ltd (South Korea), Interpipe (Ukraine), JFE Holdings (Japan), JSW Steel Limited (India), Maharashatra Seamless Limited (India), Marcegaglia (UK), Mechel PAO (Russia), Nippon Steel Corporation (Japan), Nucor Corporation (USA), PAO Severstal (Russia), Samuel Associated Tube Group (Canada), Sandvik AB (Sweden), United States Steel Corporation (USA), and Other Active Players.”
Welded Pipes Market Growth and Trend Analysis:
Growth Driver Development of Infrastructure Increases Demand
- The growing international focus on infrastructure growth is one of the main factors driving the market for welded pipes. Governments of developing and developed countries are investing significantly in transport networks, energy pipelines, water supply systems, and city development schemes.
- Welded pipes, with their high strength, affordability, and flexibility, are heavily utilised in these applications. For example, oil and gas pipeline projects, sewerage networks, and industrial structures demand a high amount of piping.
- In addition, global efforts such as China's Belt and Road Initiative are also driving cross-border infrastructure schemes, giving even more impetus to the welded pipes sector to prosper worldwide.
Limiting Factor Prices of Variable Raw Materials
- The most extreme restraint in the welded pipes industry is raw material price volatility, especially that of steel. Welded pipe production relies predominantly on steel, and minor changes in steel prices can greatly influence the cost of production. Geopolitical tensions, tariffs, trade restrictions, and supply chain disruptions are global incidents that may cause rapid rises or decreases in the availability and cost of steel.
- Manufacturers find it difficult to have uniform pricing and profit margins, so long-term agreements are risky. Furthermore, small and medium-sized producers are particularly susceptible, as they do not have the financial buffer to weather these unforeseen fluctuations. This unpredictability tends to cause postponed investment choices and manufacturing stoppages, which harm the overall market stability and growth potential.
Expansion Opportunity Growth of the Renewable Energy Sector
- The increasing use of renewable energy technology offers a significant growth prospect for the welded pipes market. Wind power, solar power, and hydrogen-based energy systems increasingly need strong, corrosion-resistant piping solutions for carrying fluids and supporting structural elements.
- With international governments investing in clean energy to fight climate change, there is a steady increase in green energy projects. Not only does this trend diversify the use of welded pipes, but it also raises the need for high-quality, tailored pipe solutions, providing a new and sustainable source of revenue for producers.
Challenge Barrier Lack of Skilled Labour
- The lack of skilled labour is becoming an increasing problem for the welded pipes sector. Pipe fabrication and welding demand special skills that are developed through vocational training and practical work. Fewer young professionals, however, are joining these professions because of a cultural trend toward white-collar work and career development in information technologies.
- In turn, firms are funding automation and worker development initiatives, but these measures require time and money to achieve effectively. Without an ongoing pool of skilled employees, the industry could suffer from constraints in fulfilling prospective project needs.
Welded Pipes Market Segment Analysis:
Welded Pipes Market is segmented based on Material, Product, Application, Welding Type and Region.
By Material, the Carbon steel Segment is expected to dominate the Market During the Forecast Period.
- Due to its strength, durability, and cost-effectiveness, the carbon steel segment is expected to lead the welded pipes market during the forecast period. Carbon steel welded pipes find extensive applications in the oil and gas, automotive, and construction sectors due to their mechanical stress and high-pressure resistance.
- Carbon steel's performance has also been enhanced by continuous developments in metallurgy and production, allowing premium pipes to be manufactured to very high industry standards.
- Regardless of the increasing demand for stainless and alloy steel alternatives, its ready availability and affordability make it a material of choice for large-scale infrastructure projects, ensuring its continued dominance in the global welded pipes market.
By Product, Heat exchanger tubes Segment Held the Largest Share in 2024
- Since heat exchanger tubes are commonly applied in industries such as chemical processing, power generation, and oil refining, they represented the largest share of the welded pipe market in 2024. Especially in shell and tube heat exchangers, these tubes are ideal for high-pressure and high-temperature applications.
- They possess excellent corrosion resistance and heat conductivity as they are manufactured from materials such as Inconel and stainless steel. Advanced designs, such as rifled and finned tubing, are examples of how they maximise the efficiency of heat transfer. With increasing industrial operations and energy consumption worldwide, the reliability and performance of heat exchanger tubes continue to propel their dominance in the welded pipe market.
Welded Pipes Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- Asia-Pacific is expected to dominate the market for welded pipes throughout the forecast period. It is driven by fast-growing urbanisation, industrialisation, and large-scale infrastructure development projects in countries such as China, India, and Southeast Asia.
- The construction, energy, and transport sectors largest consumers of welded pipes are growing in the region. The market is also boosted by the government spending on oil and gas pipelines, strong domestic manufacturing capacity, and increasing demand for residential and commercial property.
- Asia-Pacific will lead the world market for welded pipes in terms of volume and value because of its large population and expanding industrial base.
Welded Pipes Market Active Players:
- APL Apollo Tubes Limited (India)
- Benteler International AG (Austria)
- Chelpipe (Russia)
- CSM TUBE spa (Italy)
- EVRAZ plc (Russia)
- E.R. Fischer Edelstahlrohre GmbH (Germany)
- Foshan Zhongde Stainless Steel Co., Ltd. (China)
- Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd. (China)
- Hyundai Steel Co., Ltd (South Korea)
- Interpipe (Ukraine)
- JFE Holdings (Japan)
- JSW Steel Limited (India)
- Maharashatra Seamless Limited (India)
- Marcegaglia (UK)
- Mechel PAO (Russia)
- Nippon Steel Corporation (Japan)
- Nucor Corporation (USA)
- PAO Severstal (Russia)
- Samuel Associated Tube Group (Canada)
- Sandvik AB (Sweden)
- United States Steel Corporation (USA)
- Other Active Players
Key Industry Developments in the Welded Pipes Market:
- In November 2023, leading welded pipes company Nippon Steel introduced a new series of corrosion-resistant welded pipes to its product line. The pipes are specially designed to withstand harsh operating conditions in the marine, offshore, and petrochemical industries. The introduction of corrosion-resistant pipes reflects Nippon Steel's commitment to offering total solutions to address the requirements of customers in need of reliable and long-lasting piping systems.
- In September 2023, World leader in welded pipe manufacturing, Tenaris, made the announcement to expand its production capacity in the Middle East. The demand for welded pipes in industries such as infrastructure, construction, and oil & gas is set to increase through this investment. Tenaris's commitment to strengthen its presence in key regions and enhance customer support in the region is reflected in this strategic move.
|
Welded Pipes Market |
|||
|
Base Year: |
2024 |
Forecast Period: |
2025-2032 |
|
Historical Data: |
2018 to 2024 |
Market Size in 2024: |
USD 320.05 Bn. |
|
Forecast Period 2025-32 CAGR: |
5.2% |
Market Size in 2032: |
USD 480.11 Bn. |
|
Segments Covered: |
By Material |
|
|
|
By Product |
|
||
|
By Application |
|
||
|
By Welding Type |
|
||
|
By Region |
|
||
|
Growth Driver: |
|
||
|
Limiting Factor |
|
||
|
Expansion Opportunity |
|
||
|
Challenge Barrier |
|
||
|
Companies Covered in the Report: |
APL Apollo Tubes Limited (India), Benteler International AG (Austria), Chelpipe (Russia), CSM TUBE spa (Italy), EVRAZ plc (Russia), and Other Active Players |
||
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics and Opportunity Analysis
3.1.1 Growth Drivers
3.1.2 Limiting Factors
3.1.3 Growth Opportunities
3.1.4 Challenges and Risks
3.2 Market Trend Analysis
3.3 Industry Ecosystem
3.4 Industry Value Chain Mapping
3.5 Strategic PESTLE Overview
3.6 Porter's Five Forces Framework
3.7 Regulatory Framework
3.8 Pricing Trend Analysis
3.9 Intellectual Property Review
3.10 Technology Evolution
3.11 Import-Export Analysis
3.12 Consumer Behavior Analysis
3.13 Investment Pocket Analysis
3.14 Go-To Market Strategy
Chapter 4: Welded Pipes Market by Material (2018-2032)
4.1 Welded Pipes Market Snapshot and Growth Engine
4.2
Frequently Asked Questions
What is the market size of the Welded Pipes Market?
Welded Pipes Market Size Was Valued at USD 320.05 Billion in 2024, and is Projected to Reach USD 480.11 Billion by 2032, Growing at a CAGR of 5.2% from 2025-2032.
What defines the Welded Pipes Market?
The market for welded pipes includes global production and demand for pipes that are made by welding the edges of metal sheets or plates into tubular forms. Such pipes are extensively used across industries like oil and gas, construction, automobiles, and chemical processing because they are cost-efficient and easily accessible.
How is the Welded Pipes Market segmented?
The Welded Pipes Market is segmented into Material, Product, Application, Welding Type and Region. By Material, the market is categorised into Carbon Steel, Stainless Steel, and Alloy Steel. By Product, the market is categorised into Process Pipes, Mechanical Tubes, Heat Exchanger Tubes, Structural Tubes, Hydraulic & Instrumentation Tubes. By Application, the market is categorised into Oil & Gas, Power Generation, Infrastructure & Construction, Automotive, Mechanical & Engineering. By Welding Type, the market is categorised into Spiral Seam Welding, Straight Seam Welding. By Region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Russia; Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; The Netherlands; Italy;; Spain; Rest of Western Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil; Argentina, etc.).
Who are the Key Players in the Welded Pipes Market?
APL Apollo Tubes Limited (India), Benteler International AG (Austria), Chelpipe (Russia), CSM TUBE spa (Italy), EVRAZ plc (Russia), F.E.R. Fischer Edelstahlrohre GmbH (Germany), Foshan Zhongde Stainless Steel Co., Ltd. (China), Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd. (China), Hyundai Steel Co., Ltd (South Korea), Interpipe (Ukraine), JFE Holdings (Japan), JSW Steel Limited (India), Maharashatra Seamless Limited (India), Marcegaglia (UK), Mechel PAO (Russia), Nippon Steel Corporation (Japan), Nucor Corporation (USA), PAO Severstal (Russia), Samuel Associated Tube Group (Canada), Sandvik AB (Sweden), United States Steel Corporation (USA), and Other Active Players.
What is the Forecast Period Covered in the Welded Pipes Market Research Report?
The projected forecast period for the Welded Pipes Market Research Report is 2025-2032.
