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Global Stainless Steel Pipes and Tubes Market 2019-2025 OverviewStainless steel is the alloy of iron containing chromium and other elements enhancing the properties of material. However, stainless steel is offering the resistance to oxidation and corrosion at high temperature. Thus, the property is attributing the chromium present in alloy and the specific properties of steel products like tubes and pipes are useful in various applications. Seamless pipes and welded pipes are two types of stainless steel pipes available in market. Factors responsible for welded pipes over seamless pipes are easy manufacturing process and low cost.
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In the historic year 2018, the size of global stainless steel pipes and tubes market was valued at 1.657.9 Mt and is projected to increase the market by 1,681.2 Mt with a CAGR of 3.9% in the coming years. Urbanization and industrialization are the factors responsible for increasing the demand of global stainless steel pipes and tubes market. However, industrial piping, automotive, instrumentation equipment, water supply, petrochemicals, construction and food & beverage sectors need the critical piping solutions presenting the demand for stainless steel pipes and tubes industry.
On the other hand, stainless steel is easy for fabrication and is less corrosive, having the disadvantages over mild steel or carbon. However, carbon steel is malleable, stronger and provides thermal conductivity instead of stainless steel. Because of some reasons, heavy equipment used in manufacturing is carbon steel in all industries across the globe. Hence, stainless steel is weighing more than the carbon steel as it is more economical. On considering the developments in welding and fabrication technologies, carbon steel is mostly affecting the growth of stainless steel pipes and tubes market.
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In the applications of piping, the most common choice is stainless steel. However, tubes are classified on the basis of functions, where tubes and pipes are present in various sizes and shapes. For instance, stainless steel is most common in grade 304 alloy in pipes. Hence, 304 are providing the chemical resistance for the materials exposing water, specifically in the industrial environments.
However, square and the cylindrical shape of stainless steel tubes and pipes are obtaining with various techniques of welding. On the other hand, it is categorized into low or high frequency electric resistance welding, electric welding tube and furnace welding. Thus, electric resistant welding steel tubes are present in the manufacturing of oil drilling or machine. Although, longitudinal submerge-arc pipes are useful for the high pressure oil & gas transportation, whereas furnace tube welding pipes are useful in the pipeline of water gas increasing the demand of stainless steel pipe and tubes industry.
Key segments of the global stainless steel pipes and tubes market
Product Overview, 2015-2025 (USD Million) (Kilo Tons)
• Seamless
• Welded
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
• Oil & Gas
• Food Industry
• Automotive
• Power
• Chemical
• Construction
• Others (Water treatment, cookware, etc.)
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• Russia
• Italy
• UK
• Asia Pacific
• China
• Japan
• Korea
• India
• South America
• Brazil
• MEA
• Egypt
• South Africa
• Turkey
Some Major Points from TOC:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Stainless Steel Tubes and Pipes Market Overview, By Type
Chapter 5. Global Stainless Steel Tubes and Pipes Market Overview, By Application
Chapter 6. Global Stainless Steel Tubes and Pipes Market Overview, By Region
Chapter 7. Company Profiles
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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