How big is the Steel Pipe Market | Industry Trends & Forecast 2025

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Code: MTA9266

Publication Date: Sep 2025

What is the size of Steel Pipe Market?

According to 6Wresearch internal database and industry insights, the Steel Pipe Market was valued at USD 98.7 Billion in 2024 and is expected to reach USD 142.5 Billion by 2031, growing at a CAGR of 5.4% during the 2025-2031.

The market is growing as steel pipes have widespread acceptance in construction, oil and gas, water supply, and industrial manufacturing applications. Investments for construction, growing energy transportation needs, and technological advancements in pipe coating and welding will continue to improve scalability for the industry.

Growth Factors for Steel Pipe Industry

Rising demand for exploration and transportation of oil and natural gas.
Increasing use of steel pipes in water supply and sewage systems.
Expansion of construction and infrastructure projects in industrial parks.
Technological advancement in manufacturing seamless and welded pipe.
Increasing adoption of corrosion-resistant coatings to extend pipe lifespan.

Steel Pipe Market Trends

Steel Pipe Market trends indicate strong demand from oil and gas exploration and production, power generation and distribution, and water distribution projects. The growth in demand for seamless steel pipes for high-pressure applications is evident.

Welded pipes still dominate projects in construction and structural projects. Additionally, the growing emphasis on lightweight, aluminium, and corrosion-resistant innovations is impacting product development.

Manufacturers emphasize eco-friendly and energy-efficient production techniques, including automated forming and finishing. Increasing demand for precision-engineered pipes in multiple industries is also shaping demand trends.

Emerging Developments in the Steel Pipe Market

The Steel Pipe Market developments show growing use of high-strength and alloy-based pipes designed for extreme environmental conditions. Companies are investing in advanced inspection technologies to ensure reliability and safety in critical applications.

Developments in automated welding, robotic pipe handling, and digital monitoring systems are enhancing efficiency and product quality. Strategic alliances between steel producers and end-user industries are expanding market reach and enabling customized steel pipe solutions.