Global Steel Tubes Market 2016-2020

This market research report identifies players like ArcelorMittal, NSSMC, POSCO, Baosteel, and Tata Steel to be the key vendors in the global steel tubes market. This research report also presents a detailed segmentation of the market by product type (welded and seamless), by end-user (oil and gas, water and sewage, infrastructure and construction, automotive, engineering, and others), and by geography (the Americas, APAC, Europe, and MEA).

Overview of the global steel tubes market

According to Technavio’s global steel tubes market industry analysis, the market is expected to grow at a CAGR of more than 6% by 2020. Rapid innovations in drilling technologies such as horizontal drilling have increased the consumption of steel pipes in the oil and gas sector as they provide access to the most remote locations, unconventional formations, and deepwater regions. There is a huge demand for galvanized steel especially from the infrastructure and construction sectors, owing to its corrosion-resistant properties. Galvanized steel is used for construction purposes including door, sash, wall, shutter, fence, beam, column, partition, under-ceiling, carport, veranda, and store-room. The growing usage of galvanized steel in industrial applications will positively impact the the global steel tubes market growth during the predicted period.  

APAC is the largest revenue contributing region in the steel tubes market and is anticipated to account for more than77% of the overall market revenue by 2020. There is huge growth potential for oil and gas and E&P activities in several APAC nations such as Malaysia, Thailand, India, Australia, Vietnam, and Brunei, which will boost the global steel tubes demand during the forecast period. High demand for steel tubes in construction, transmission, and distribution sectors will also be a major contributing factor in the growth of this market in the coming years.

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• Identify latent opportunities and explorative solutions in the global steel tubes market: research report
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• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The market is moderately fragmented with a handful of global players. Intense competition prevails in the market where the vendors compete on the basis of industry-specific products. The rise in mergers and acquisitions pose a serious threat to small vendors while offers greater markets for large suppliers. The probability of new players entering the market is low because of the strong position of the established players in the market.

Leading vendors in the market are -

• ArcelorMittal
• NSSMC
• POSCO
• Baosteel
• Tata Steel

Other prominent vendors in the steel tubes market include EVRAZ, Gerdau, Hebei Iron and Steel, JFE Steel, and Nucor.

Segmentation by product form and analysis of the steel tubes market

• Welded
• Seamless

The welded steel stubs segment will continue its dominance in the steel tubes market and is anticipated to account for more than 70% of the overall market share by 2020. The welded steel tubes comprise wide varieties of pipes and tubes, like line precision pipes, Hamilton poles, tubular poles API pipes, electric poles, and light weight galvanized pipes for sprinkler irrigation. The rapid growth in construction activities across the globe will augment the demand for welded steel tubes in the coming years.

Segmentation by end-users and analysis of the steel tubes market

• Oil and gas
• Water and sewage
• Infrastructure and construction
• Automotive
• Engineering

During 2015, the oil and gas sector dominated the steel tubes market and accounted for around 46% of the total market share. Steel pipes have wide usage in oil and gas sector in all the three verticals including upstream, midstream, and downstream. Steel has a high strength to weight ratio and can easily be handled, installed and transported with fewer damages, which has boosted its usage in the oil and gas sector.The growing application of seamless and electric-resistance welded (ERW) pipes for oil exploration in refineries and petrochemicals will be a major influencing factor for the growth of this segment in the coming years.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global steel tubes market?
• What are the key market trends impacting the growth of the global steel tubes market?
• What are the challenges to market growth?
• Who are the key vendors in the global steel tubes market?
• What are the market opportunities and threats faced by the vendors in the global steel tubes market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global steel tubes market?

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Related reports:

• Global Steel Long Products Market 2016-2020
• Global Galvanized Steel Market 2016-2020