World steel pipe demand is projected to reach $177 billion in 2019 on advances of 5.6 percent per year. Growth will be driven by strong advances in demand in equipment manufacturing and construction applications, particularly in developing markets.
Oil & Gas Will Remain Largest Market
Oil and gas applications accounted for over half of global demand for steel pipe in 2014 after a period of strong growth driven by oil and gas exploration and pipeline network expansion in North America and the Asia/Pacific region. However, the sharp decline in oil prices that began in mid-2014 will limit growth in the near term.
Strong Growth in Structural, Mechanical, and OEM
Steel pipe demand in structural, mechanical, and original equipment manufacturing applications will see the fastest growth through 2019. Sales of various durable goods, including furniture, lighting products, medical equipment, and motor vehicles will support advances. Growth will be strongest in developing regions where economic improvement and expanding manufacturing output will support advances.
While some major producers focus exclusively on steel pipe, others offer pipe as part of a portfolio of metal products, or are vertically integrated into steel manufacturing. Significant global manufacturers of steel pipe include ArcelorMittal, BaoSteel Group, CNPC, Nippon Steel & Sumitomo Metal, SeAH Group, Tenaris, Tianjin Pipe Group, TMK PAO, US Steel, and Vallourec.
Scope of the Report
This report covers the scope, size, and growth of the global steel pipe market including key trends in demand and market segmentation. Historical data are provided for 2004, 2009, and 2014, with forecasts for 2019 and 2024, with year by year historical market volatility also addressed. Data are provided in both metric tons and million dollars. Also included is an analysis of the industry key players and their market shares.
Markets covered within the scope of this report include:
Oil & Gas
Structural, Mechanical, & OEM
This study provides data for 19 countries in six world regions:
Central & South America