Americas Steel Pipes Market Outlook - 2023 to 2033

Americas Steel Pipes Market Outlook - to

Global America's steel pipes market is set to record a market value of US$ 24.8 million in , pushing the market size to US$ 35.3 million in . A CAGR of 3.6% indicates positive market growth over the forecast period.

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Steel pipes have become a critical aspect of civil infrastructure such as water supply, sewage, automotive, and oil & gas. Steel pipes can be categorized according to material into alloy, carbon, and stainless variants.

Steel pipes are significantly gaining ground in several end-use sectors, including construction, mining, water treatment, and industrial sector applications, particularly in the oil and gas industry, which can be attributed to investments in onshore and offshore applications, particularly in the United States and Brazil. America's steel pipes market size is likely to grow significantly throughout the forecast period.

An increase in oil and gas production to meet the transportation sector's needs is one of the key factors driving the Americas steel pipe market's expansion. It is the oil and gas industry where steel pipes and tubes find their great use. For onshore and offshore operations, the ability of American steel pipes to withstand a wide range of temperatures and to transport toxic substances, as well as their weldability, high strength, low corrosion, and high tensile strength, are critical, resulting in profitability for steel pipe manufacturers.

Gas and liquid can be transported through steel pipes. Low alloy and carbon steel are common production materials. Therefore, manufacturers pay attention to raw material prices and have dedicated suppliers to offer cost benefits to their clients.

The rise in tariffs and levies is the primary factor preventing American steel pipe demand. Moreover, the trade war is having an adverse effect on the steel pipe market. Compared to welded pipes, steel pipe procurement takes longer when compared to welded pipes.

Attributes Details Americas Steel Pipes Market Value () US$ 24.8 million Americas Steel Pipes Market Expected Value () US$ 35.3 million Americas Steel Pipes Market Projected CAGR ( to ) 3.6%

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Global Americas Steel Pipes Market Historical Analysis ( to ) Vs. Forecast Outlook ( to )

Sales in global America's steel pipes market are forecasted to increase at a 2.4% CAGR compared to the 3.6% CAGR registered between and . Despite the rapid urbanization of the world's population, the oil and gas industry has continued to expand. However, due to reduced demand in the oil and gas industry during the pandemic, steel pipe market growth slowed in . A decline in demand was also seen in the chemical industry.

The global market is expected to continue growing during the forecast period, driven by the increasing demand from the infrastructure, construction, and manufacturing sectors. The market is also expected to benefit from government initiatives to boost economic growth and infrastructure development in the region.

The United States and Canada are expected to remain the dominant markets, while Mexico and Brazil are projected to witness significant growth due to their expanding manufacturing and construction industries. The increasing adoption of advanced technologies, such as automation and digitization, is also expected to create opportunities for the steel pipes market in the region.

Historical CAGR 2.4% Historical Market Value () US$ 24 million Forecast CAGR 3.6%

• Short term ( to ): Focus on innovation and technology adoption to increase efficiency, reduce costs, and improve the quality of products.
• Medium term ( to ): The medium-term goal can involve investing in research and development to create new and improved products, as well as adopting advanced technologies such as automation, robotics, and artificial intelligence to streamline manufacturing processes and improve supply chain management.
• Long term ( to ): A long-term goal for America&#;s steel pipes market could be to achieve sustainable growth by focusing on environmental sustainability and social responsibility. This can involve adopting sustainable manufacturing practices, reducing waste and emissions, and using renewable energy sources to power production facilities.

Comprehensive Analysis of the Drivers Affecting the America&#;s Steel Pipes Market

• Replacement of Aging Pipelines

Steel pipes are popular owing to superior reliability in performance and durability, coupled with a wide range of applications in the automotive, construction, and mining industries. Also, a wide range of steel pipes, particularly for oil and gas logistics, may help long-term projections.

The corrosion issues in carbon steel pipes and the resultant requirements of replacements for ageing pipelines may aid market growth by boosting residential and non-residential applications. Also, further benefits such as hardness, temperature resistance, flexibility, aesthetics, and low maintenance costs may support the market in the long term.

• ERW Pipes Gain Prominence

ERW (electric resistance welded) steel pipes have been gaining prominence across America owing to new opportunities in local markets, emphasising infrastructure in urban settings.

Significant investments being made for buses, air travel, rail, telecommunication, and energy, are likely to generate key opportunities for market players.

Manufacturers are focusing on geographical and capacity expansions. Also, the demand for commercial and housing spaces has increased the demand for ERW pipes. Furthermore, favourable policies by governments towards gas and energy distribution may prove beneficial in market developments.

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America&#;s Steel Pipes are Under Pressure from Several Factors

While America&#;s steel pipes market is projected to grow steadily at a slow rate through , steel pipe manufacturers are expected to face obstacles that may restrain the potential for growth in the long term.

For instance, the high costs of installation associated with steel pipes hinder adoption rates. In addition, America&#;s steel pipes market may witness strong competition from alternative pipe materials, such as plastic and iron, owing to cost advantages. Steel pipe diameters are limited owing to notable cost increases for large sizes, limiting the scope of application for offerings developed by manufacturers.

America&#;s Steel Pipes Market Category-wise Insights

Demand for Carbon Steel Pipes Remains High

Steel pipes are largely manufactured from 3 key materials &#; carbon steel, alloy steel, and stainless steel. Carbon steel pipes are projected to remain highly sought after in America throughout the projection period, with the carbon steel market likely to grow steadily.

The demand for carbon steel pipes can be attributed to beneficial physical and chemical attributes, including resistance to corrosion shocks, low environmental impact, and minimal need for pre-treatment before use.

Preference Towards Seamless Steel Pipe Designs

Steel pipes can be categorized into seamless and welded variants. Welded steel pipes can be further segregated into ERW and SAW options. Seamless pipes are projected to hold a significant market share of 58.6% throughout the forecast period.

The demand for seamless pipes in the industry can be mainly attributed to high pressure and strength ratings and better uniformity in design, which makes it ideal for heavy-duty applications such as the oil & gas sector and water supply infrastructure, generating lucrative opportunities in the long term.

Application in Oil & Gas Creating Opportunities

Using steel pipes in a wide temperature range and for transporting toxic substances, coupled with weldability characteristics, high strength, low corrosion, and high tensile strength, are important for onshore and offshore operations, generating lucrative opportunities for the long term.

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Region-wise Insights

Countries Leading in America&#;s Steel Pipes Market: Country-wise Analysis

Regions North America Countries United States Market Share 70.4% CAGR 3.6% Regions North America Countries Canada Market Share 9.1% CAGR 2.6% Regions North America Countries Mexico Market Share 7.9% CAGR 2.2% Regions South America Countries Brazil Market Share 8.7% CAGR 2.3%

United States Steel Pipes Market

The United States market for steel pipes remains lucrative and is anticipated to account for more than 70.4% of the overall market share. Also, sustained economic growth in the country, supported by fiscal stimulus by the government, and the resultant increase in business confidence have played a key role in the demand for steel pipes in several end-use sectors.

The United States has witnessed a substantial increase in crude oil production, providing market players with lucrative opportunities to leverage for revenue. The United States market has also witnessed significant highs and lows in the past few years, with significant growth between and and a key emphasis on applications in the oil and gas sector.

Brazil Steel Pipes Market

Brazil has been reflecting strong economic activity at a relatively slow pace. Industrial growth in the country and growing consumer prices in the region have been driving the market recently. However, regional economic uncertainties across Latin America have affected steel production.

Brazil has been witnessing a slump in imports, owing to fluctuations in the requirements of finished steel products, while crude steel production remains fairly stable. Moreover, key challenges for market players in Brazil include the continuing trade tensions between China and the United States, tight economic conditions, and reduced commodity prices.

In Latin America, Brazil is the only country that has managed to maintain a surplus of trade in finished steel, accounting for more than 50% of the market share in the region and 8.7% of the total market share. Favourable government policies in the country may help reduce inflation and aid in a better monetary environment. Also, the industry is likely to reflect growth through the forecast period owing to better business confidence in the industrial and construction sectors through .

Canada Steel Pipes Market

The demand for steel pipes in Canada is notable owing to their high value in comparison to many countries in Latin America. However, the country has been facing challenges in terms of significant slumps in the prices in terms of crude oil and the steady decline in demand from the energy industry. A CAGR of 2.6% indicates positive market growth over the forecast period.

Fluctuations in steel prices have challenged market players in terms of sales. The market is likely to reflect a steady but sluggish growth through due to growing steel prices and a trend of depreciation of the Canadian dollar.

Growth may also be driven by increasing activity in domestic oil and gas drilling and revenue generation from irrigation and water supply applications for residential and commercial infrastructure development.

According to government statistics, the deficit between imports and exports is anticipated to shrink steadily in years to come, with valuations accounting for almost 1.2 billion and 1.4 billion, respectively, aiding steady growth in the years ahead.

Competitive Landscape: Top Manufacturers of America&#;s Steel Pipes and their Recent Developments

Some of the key players operating in America&#;s Steel Pipes Market are

• American Cast Iron Pipe Company
• Baosteel Group Corporation
• Evraz Plc
• Nippon Steel & Sumitomo Metal Corporation
• JFE Holdings Corporation
• Hyundai Steel Company
• TMK Group
• United States Steel
• Tata Iron and Steel
• VALLOUREC
• Nucor Corporation
• Zekelman Industries

Recent Developments

The pandemic has substantially impacted steel pipe manufacturers in the market. Consequently, market players are increasingly investing efforts in optimizing production to match the decline in demand with a reduction in production capacities and workforce gaining importance. Large manufacturers also invest in consolidating their presence during this period through strategic acquisitions.

• ArcelorMittal has divested its United States assets through a sale to Cleveland Cliffs Inc. for a valuation of nearly 1.4 billion, as steel manufacturers seek to diversify and consolidate their market presence. The company has also revealed plans to unveil a new electric arc furnace facility at its Calvert, Alabama operations, including hot dip galvanizing lines.
• Tenaris has announced its intentions to scale back operations at the company&#;s melt facilities across the United States, owing to the sharp decline in oil pricing and the resultant layoffs and idling of equipment, including facilities in Koppel and Ambridge. The company has also announced the acquisition of IPSCO Tubulars, a major pipe manufacturer based in Houston, for around 1.1 billion.
• Gerdau S/A has announced the reopening of operations at its Ouro Branco plant located in South Eastern Brazil at Minas Gerias, which may add a capacity of 1.5 million tons annually. The company has also partnered with SKF to optimize productivity and cut down downtime at the company&#;s Brazilian facilities. On the other hand, the plant in Saint Paul may witness substantial downsizing owing to the idling of operations in the facility.

Scope of Report

Attribute Details Forecast Period to Historical Data Available for to Market Analysis US$ million for Value and MT for Volume Key Regions Covered North America; Latin America Key Countries Covered The United States, Canada, Brazil, Mexico, Chile, Peru, Germany, UNITED KINGDOM, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey Key Segments Covered Material Type, End Use, Design, Region Key Companies Profiled American Cast Iron Pipe Company; Baosteel Group Corporation; Evraz Plc; Nippon Steel & Sumitomo Metal Corporation; JFE Holdings Corporation; Hyundai Steel Company; TMK Group; United States Steel; Tata Iron and Steel; VALLOUREC; Nucor Corporation; Zekelman Industries Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives Customization & Pricing Available upon Request

Americas Steel Pipes Market Segmentation by Category

By Material Type:

• Carbon Steel
• Alloy Steel
• Stainless Steel

By End Use:

• Construction
  • Residential & Commercial
  • Civic Infrastructure
• Mining
• Municipal Water Supply and Treatment Utilities
• Industrial
  • Automotive
  • Chemicals & Petrochemicals
  • Oil & Gas Pipelines
  • Power Generation
  • Others (textile, pharmaceuticals)

By Design:

• Seamless
• Welded
  • SAW
  • ERW

By Region:

• North America
• Latin America

Frequently Asked Questions

What is the CAGR from to ?

The CAGR for the market is 3.6% until .

What is Current Market Valuation?

The market&#;s current valuation is US$ 13,953.6 million.

What is the market&#;s historical performance?

From to , the market expanded at a 2.4% CAGR.

What is the market value?

The market in totals US$ 24.8 million.

Who are some key market players?

TMK Group, United States Steel and, Tata Iron and Steel are some key players.

What is the expected market value in ?

The market will reach US$ 35.3 million by .