Europe Carbon Steel Tubes Market by Product and Application - Forecast and Analysis 2024-2028

Europe Carbon Steel Tubes Market Forecast 2024-2028

The Europe Carbon Steel Tubes Market size is forecast to increase by USD 6.81 billion, at a CAGR of  5.93% between 2023 and 2028. Moreover, market growth in this sector is intricately tied to several key factors. Firstly, there's a noticeable surge in demand for these tubes across various end-user industries, driving the market forward. Secondly, ongoing technological advancements in the manufacturing processes of these tubes are contributing significantly to their increased adoption and market expansion. Lastly, safety concerns related to prolonged usage of these tubes are also influencing market dynamics, with a growing emphasis on addressing these issues effectively. These factors collectively underscore the market's trajectory, highlighting the importance of innovation, industry demand, and safety considerations in shaping the future.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, Request Free Sample

Market Segment 

The market is segmented based on various key factors driving the industry forward. In the Automotive Sector, these products are in demand due to their strength and durability, particularly high-strength variants. They find extensive use in the Construction Sector for structural support and high-pressure applications. End-use industries such as the Oil and Gas sector and Petrochemicals heavily rely on this product for their projects, including offshore spending and oilfield discoveries. The market also caters to the Manufacturing Processes industry, where seamless tube processing and electric resistance welding techniques are essential. The adoption of Digital Technologies and Automation has led to sustainable manufacturing practices, encouraging the use of Recycled Materials and Lightweight Steel Tubes. Carbon steel, stainless steel, and alloy steel variants are prominent in the market, meeting stringent Pipe Diameter Standards for various applications. Water Treatment and Sewage systems benefit from this product's resilience, while the Infrastructure sector drives demand for large-scale projects like urban rebuilding. In the context of oil exploration and drilling are indispensable, especially in high-pressure environments and offshore operations. The market thrives due to industrialization, catering to diverse sectors such as propane, gases, batteries, plastics, detergents, tyres, and automotive components like diesel spark plugs and engine block heating.

Product Insights

The welded tubes segment is estimated to witness significant growth during the forecast period. One of the main reasons why welded tubes are in high demand in Europe is due to their flexibility and availability in a wide range of shapes, sizes, and thicknesses, so they can be used in a variety of applications.  In addition, welded tubes are mainly used in construction, where they are used to support building frameworks, build bridges, and fabricate industrial structures. Furthermore, their robustness and dependability make welded tubes an essential part of the European construction industry.

Get a glance at the market contribution of various segments View the PDF Sample

The welded tubes segment was the largest segment and was valued at USD 11.43 billion in 2018. Moreover, key leading companies of the market in Europe, such as ArcelorMittal, Tata Steel Europe, and Mannesmann, offer welded tubes. For instance, ArcelorMittal provides advanced high-strength steel carbon tubes, which have a considerable strength-to-weight ratio. In addition, this product has high dimensional tolerances along with great concentricity and comes at a lower cost.  Furthermore, welded tubes are used in the manufacture of machinery, equipment, and appliances. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Application Insights

Based on the application, the market has been segmented into construction, oil and gas, automotive and transportation, mechanical engineering, and others. The construction segment will account for the largest share of this segment. The construction segment in Europe is expected to grow owing to monetary recovery, rising foreign investments, and ongoing infrastructure and construction projects in the coming years. In addition, according to the National Association of Building Contractors (ANCE), investments in construction rose 16.4%, reaching around USD 161 billion in 2021 compared with 2020, with a growth of 0.5% in 2021. The country is witnessing a growing investment in the construction sector. Furthermore, France is constructing Europe's largest infrastructure project, the Grand Paris Express. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

For more insights on the market share of various regions Download PDF Sample now!

Market Dynamics

The market is propelled by various drivers, including the demand surge in high-strength tubes across diverse industries like construction, automotive, and oil and gas. Seamless steel pipes in Europe's oilfields drive innovation, while sustainable manufacturing practices and digital technologies like automation shape industry trends. Challenges include navigating stringent pipe diameter standards for high-pressure applications in oil exploration and drilling. Balancing durability, cost-effectiveness, and environmental concerns amid fluctuating offshore spending remains a key challenge in this dynamic market landscape.

Key Driver

Increasing demand for carbon steel tubes from end-user industries is notably driving the market. These tubes find extensive applications across various industries, including infrastructure construction, refinery plants, and automotive manufacturing. Process industries like oil and gas, petrochemicals, and chemicals are major contributors to market revenue, often utilizing specialty tubes to enhance operational efficiency. These tubes are crucial for transporting final output, making them integral to the growth of industries. Additionally, infrastructure development initiatives across Europe, particularly in countries like Germany, France, the UK, and Italy, further boost market demand.

Significant Trends

Rising technological advancements in the manufacturing of carbon steel tubes is an emerging trend in the market. Technological advancements in manufacturing processes, particularly in electric resistance welding and seamless tube processing, are driving the growth of the carbon steel tube market in Europe. These innovations enhance production efficiency, quality, and versatility, enabling manufacturers to produce tubes with greater precision, varied sizes, and improved properties such as enhanced strength and corrosion resistance. Particularly crucial in the aerospace industry, where stringent requirements for high-pressure and high-temperature applications exist, these innovations are key drivers of market growth in the forecast period.

Major Restraints

The prevalence of safety issues associated with prolonged use of carbon steel tubes is a major challenge hindering the market. The extended utilization of carbon steel tube pipelines poses various risks, including leakage, explosion, and disruption in hydrocarbon flow, primarily due to corrosion susceptibility. Particularly in offshore oil and gas pipelines, corrosion-induced leakages are a significant concern. Furthermore, the large, heavy nature of these products increases the risk of slips, trips, and falls during handling and transportation. Improper storage practices may also lead to collapses or stock movements, posing risks to workers and surrounding infrastructure, thus impeding market growth in the forecast period.

Who are the Major Market Companies?

Companies are implementing various market trends and analysis strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market and result of market growth analysis.

• Alleima AB: The company offers carbon steel tubes such as Sanicro 35, Sanmac stainless steels, Sanicro 28, Alleima 2RE10, Alleima 2RE69, Safurex, and Duplex stainless steels.

The  market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:

ArcelorMittal, Benteler International AG, Jindal Steel and Power Ltd., Marcegaglia Group, Nippon Steel Corp., Salzgitter AG, Tata Steel, United States Steel Corp., and Vallourec SA

The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecast growth strategies.

Market Customer Landscape

Market Analyst Overview

The market is propelled by demand from various sectors like oil & gas, construction, and automotive applications. These offer anti-corrosion properties, making them ideal for high-pressure and corrosive atmosphere environments in the oil and gas industry. With applications in wind turbines, medical devices, and packaging, these provide durability against mechanical stress. As a crucial component in power plants and nuclear sectors, they ensure reliability in diverse environmental conditions. Further, steel tubing done via plastic pipes like polypropylene and polyethylene reduces maintenance costs and transportation costs.

Furthermore, The market is pivotal in various industries such as the oil & gas industry, construction, and automotive & transportation. With applications ranging from gas and liquid transportation to the nuclear power sector, these tubes withstand high pressure and ensure reliability. These tubes find use in building and construction for their durability and cost-effectiveness, contributing to urban infrastructure development. Their resistance to corrosion and mechanical stress makes them integral in chemical and petrochemicals industry. Additionally, they facilitate piped gas distribution and ensure fire safety in shopping centers and airports. The market plays a crucial role in various sectors, such as oil & gas, construction, and transportation. These tubes, made from black steel, iron steel, or mild steel, are vital components in industries like the chemicals & petrochemicals sector and water infrastructure. With applications in oil and gas production and the construction of new transmission pipelines, they ensure reliable performance in high-pressure environments.

Furthermore, their use in commercial passenger vehicles and water infrastructure highlights their versatility and durability. The market thrives due to their indispensable role in various sectors like oil & gas and building and construction sector. These tubes, manufactured through Electric Resistance Welded (ERW), serve critical functions in the oil and gas segment and chemical and petrochemical segment. Widely used in building and construction, they offer robustness and reliability, contributing to fire safety segments and ensuring structural integrity in shopping centers and metros. Their adoption in the transportation sector underscores their versatility and importance in modern infrastructure.

Market Scope
Report Coverage	Details
Page number	157
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.93%
Market Growth 2024-2028	USD 6.81 billion
Market structure	Concentrated
YoY growth 2023-2024(%)	5.49
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Alleima AB, ArcelorMittal, Benteler International AG, Jindal Steel and Power Ltd., Marcegaglia Group, Nippon Steel Corp., Salzgitter AG, Tata Steel, United States Steel Corp., and Vallourec SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market forecast during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across Europe
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive market report analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch