Latest Market Research Report 2025

  The global  steel pipes & tubes market  size is expected to reach USD 192.60 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2024 to 2030. Increasing investment by governments across the world to improve the water system is expected to propel the demand for steel pipes & tubes over the forecast period.   In March 2022, in view of the increasing concern over drinking water contamination in certain parts of the country, the U.S. EPA announced that it would release a USD 50 billion fund to be used for the development of clean water infrastructures. Such investments are expected to fuel the market growth in water treatment applications over the forecast period. In the oil & gas industry, steel pipes & tubes are used for a wide range of applications, such as concrete pilings, conveyor belt roller bearings, or wall thickness. This application segment is expected to maintain its dominance across the...

  Steel Pipes & Tubes Industry Overview The global  steel pipes & tubes market  size is anticipated to reach USD 231.1 billion by 2027 registering a CAGR of 6.2%, according to a new report by Grand View Research, Inc. Long-term demand for energy on the global level is anticipated to boost the market growth. According to the EIA, global energy consumption is projected to reach 736 quadrillion BTU by 2040 from 575 quadrillion BTU in 2015, witnessing an increase of 28%. The use of liquid fuels and petroleum is likely to grow from 90 million b/d in 2012 to 1000 million b/d by 2040 on a global level. The growth in demand for these liquid fuels is mainly due to the industrial and transportation sectors. Steel Pipes & Tubes Market Segmentation Grand View Research has segmented the global steel pipes & tubes market on the basis of technology, application, and region: Based on the Technology Insights, the market is segmented into Seamless, ERW and SAW. In ter...