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India Steel Pipes and Steel Tubes Market, By Technology (Seamless, Electric Resistance Welded, Submerged Arc Welded); By Application (Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, Construction); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: March 2024
- Report ID: BWC24190
- Available Format: PDF
- Page: 200
Report Overview
A growing focus on complying with stringent environmental regulations and a surging demand for steel pipes and tubes from the oil & gas sector and infrastructure development projects are expected to drive the India Steel Pipes and Steel Tubes Market during the forecast period between 2024 and 2030.
India Steel Pipes and Steel Tubes Market – Industry Trends & Forecast Report, 2030
India Steel Pipes and Steel Tubes Market size was estimated at USD 32.88 billion in 2023. During the forecast period between 2024 and 2030, the India Steel Pipes and Steel Tubes Market size is projected to grow at a CAGR of 6.43% reaching a value of USD 37.69 billion by 2030. Prominent drivers of the India Steel Pipes and Steel Tubes Market are the growing demand for oil & gas, the increased need for steel pipes worldwide, the thriving transportation sector, and a resurgence in construction activities following the pandemic. Another significant factor contributing to market expansion is the augmented investments in research and development programs aimed at fortifying production facilities. Also, the India Steel Pipes and Steel Tubes Market attributes its highest market share and revenue to the oil & gas sector. Steel pipes play a pivotal role in the transfer of gas and liquid across various applications, with a predominant usage of low alloy or carbon steel. Factors such as inside diameter, ductility, yield strength, and pressure rating are crucial considerations in selecting pipes for specific purposes, underscoring their importance in diverse industrial applications.
By volume, the India Steel Pipes and Steel Tubes Market size was estimated at 6.98 million tons in 2023. During the forecast period between 2024 and 2030, the India Steel Pipes and Steel Tubes Market size is expected to reach the volume of 7.66 million tons by 2030. The steel pipes and tubes industry holds significant importance within the Indian steel sector, contributing approximately 8% to the country's overall steel consumption. This industry is bifurcated into two main segments: Electric Resistant Welded (ERW) and Submerged Arc Welded and Seamless (S&S). With a total worth of INR 50,000 crores, the steel pipes and tubes industry is evenly divided between the ERW and S&S segments in terms of value. In volume, the domestic market is distributed 70:30 between these two segments. In CY19, India became the world's second-largest crude steel producer, surpassing Japan and producing 111.2 million tons (MT) of crude steel. The country's steel consumption stands at around 100 MT, placing India among the top three steel consumers globally.
Steel Pipes and Steel Tubes Market – Overview
The Steel Pipes and Steel Tubes Market refers to the global industry involved in the manufacturing, distribution, and trade of steel pipes and tubes. These products are integral components in various sectors such as construction, oil & gas, water infrastructure, and industrial applications. The market encompasses a wide range of steel pipe and tube types, including seamless, welded, and spiral welded variants, catering to diverse structural and fluid transport needs. Factors influencing the market include economic growth, infrastructure development, and demand from sectors like energy and manufacturing. Industry plays a crucial role in supporting essential infrastructure and economic activities worldwide.
India Steel Pipes and Steel Tubes Market
Growth Drivers
Stringent Environmental Regulations
The India Steel Pipes and Steel Tubes Market experiences a significant boost due to stringent environmental regulations. Heightened environmental concerns and the imposition of strict rules concerning emissions and energy use are pivotal factors shaping the steel tubes market. The steel industry is facing increasing pressure to diminish its carbon footprint and enhance sustainability in manufacturing processes. Consequently, manufacturers of steel tubes are embracing eco-friendly measures, incorporating recycled materials, and improving energy efficiency during production. There is a rising demand for lightweight, high-strength steel tubes across various industries, contributing to improved energy efficiency and reduced environmental impact. This trend aligns with regulatory standards, meeting evolving consumer and industry preferences for more sustainable products, influencing market dynamics, and fostering innovation and the adoption of green practices in the steel tube industry.
Challenges
Fluctuations in Steel Prices
Fluctuations in steel prices pose a significant restraint to the growth of the India Steel Pipes and Steel Tubes Market. The market's stability is challenged by the inherent volatility in steel prices, impacting manufacturing costs and overall project economics. Uncertainties in steel pricing create challenges for market players, influencing their strategic decision-making processes and potentially hindering long-term investments in the industry. Such fluctuations introduce complexities in project planning and budgeting, posing obstacles to the seamless expansion of the steel pipes and tubes market in India.
Impact of Escalating Geopolitical Tensions on India Steel Pipes and Steel Tubes Market
The India Steel Pipes and Steel Tubes Market experiences profound impacts due to escalating geopolitical tensions. Heightened uncertainty may lead to supply chain disruptions, affecting raw material procurement and transportation. Increased geopolitical risks can also result in fluctuating steel prices, impacting production costs for manufacturers. Furthermore, geopolitical instability may influence investor confidence and overall economic conditions, potentially affecting infrastructure projects and construction activities that drive demand for steel pipes and tubes. In such a scenario, the market could experience volatility, with potential shifts in demand and pricing, necessitating agile strategies for businesses in the Indian steel industry to navigate challenges effectively.
India Steel Pipes and Steel Tubes Market
Segmental Coverage
India Steel Pipes and Steel Tubes Market – By Technology
By technology, the India Steel Pipes and Steel Tubes Market is divided into Seamless, Electric Resistance Welded, and Submerged Arc Welded segments. The seamless segment holds the highest share in the India Steel Pipes and Steel Tubes Market by technology. Seamless steel pipes and tubes are highly preferred for their strength, uniformity, and superior tolerance levels. Manufactured without welded seams, these tubes are extruded into the desired shape, making them ideal for critical applications where reliability is crucial. Notably, in industries like high-pressure gas or oil pipelines, aerospace, and automotive applications, the seamless technology excels in providing robust performance, driving its prominence and dominant market share in India. For instance, Maharashtra Seamless, a company within the DP Jindal Group, possesses a seamless pipe production capacity totaling 550,000 metric tons.
India Steel Pipes and Steel Tubes Market – By Application
By application, the India Steel Pipes and Steel Tubes Market is divided into Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, and Construction segments. The oil & gas segment holds the highest share in the India Steel Pipes and Steel Tubes Market by application. It is primarily due to its indispensable role in energy infrastructure. Steel pipes and tubes are vital components for transporting oil & gas efficiently and safely across vast distances. The durability and reliability of steel make it the preferred material in constructing pipelines, ensuring the integrity of the energy supply chain. With India's burgeoning energy demands, particularly in the oil & gas sector, the substantial reliance on steel pipes underscores their pivotal role, driving the segment's dominant market share in the country.
India Steel Pipes and Steel Tubes Market – By Region
Geographically, the India Steel Pipes and Steel Tubes Market is divided into North India, South India, East India, and West India regions.
Competitive Landscape
Major players operating in India Steel Pipes and Steel Tubes Market include Jindal SAW Ltd, Maharashtra Seamless Limited, Ratnamani Pipes & Tubes, ISMT (Indian Seamless Metal Tubes) Ltd, Welspun Corp Ltd, Surya Roshni Ltd, Apollo Tubes Ltd, Jindal Star Ltd, Zenith Birla (India) Ltd, and Man Industries (India) Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In July 2023 - Rama Steel Tubes (RSTL) signed a strategic Memorandum of Understanding (MoU) with JSW Steel Group, aiming to procure 100,000 tons of Hot Rolled Coils (HRC) for manufacturing steel tubes and pipes. The agreement involves the distribution of HRCs from JSW Steel in the western region and the production of pre-galvanized pipes as value-added products. The MoU grants RSTL greater control over procurement and supply chain, ensuring competitive raw material costs. Additionally, RSTL becomes the official distributor of JSW Steel for HRC distribution in the western region.
Scope of the Report
|
Attributes |
Details |
|
Years Considered |
Historical Data – 2019–2030 |
|
Base Year – 2023 |
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Estimated Year – 2024 |
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|
Forecast Period – 2024–2030 |
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|
Facts Covered |
By Value - USD Billion |
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By Volume - Million Tons |
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|
Market Coverage |
India |
|
Product/ Service Segmentation |
Technology, Application |
|
Key Players |
Jindal SAW Ltd, Maharashtra Seamless Limited, Ratnamani Pipes & Tubes, ISMT (Indian Seamless Metal Tubes) Ltd, Welspun Corp Ltd, Surya Roshni Ltd, Apollo Tubes Ltd, Jindal Star Ltd, Zenith Birla (India) Ltd, Man Industries (India) Ltd |
By Technology
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Seamless
-
Electric Resistance Welded
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Submerged Arc Welded
By Application
-
Oil & Gas
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Chemicals & Petrochemicals
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Automotive & Transportation
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Mechanical Engineering
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Power Plant
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Construction
By Region
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North India
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South India
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East India
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West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Steel Pipes and Tubes Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising demand from the oil and gas industry
- Growing infrastructure development
- Increasing disposable incomes
- Stringent environmental regulations
- Restraints
- Fluctuations in steel prices
- Geopolitical instability
- Opportunities
- Advancement in technology
- Increasing urbanization
- Challenges
- Infrastructure limitations
- Skilled labor shortage
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Steel Pipes and Tubes Market: Marketing Strategies
- India Steel Pipes and Tubes Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Million Units)
- Market Share & Forecast
- By Technology
- Seamless
- Electric Resistance Welded
- Submerged Arc Welded
- By Application
- Oil & Gas
- Chemicals & Petrochemicals
- Automotive & Transportation
- Mechanical Engineering
- Power Plant
- Construction
- Others
- By Region
- North India
- South India
- East India
- West India
- By Technology
- Market Size & Forecast, 2019–2030
- North India Steel Pipes and Tubes Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Million Units)
- Market Share & Forecast
- By Product
- By Application
- By Application
- Market Size & Forecast, 2019–2030
- South India Steel Pipes and Tubes Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Million Units)
- Market Share & Forecast
- By Product
- By Application
- Market Size & Forecast, 2019–2030
- East India Steel Pipes and Tubes Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Million Units)
- Market Share & Forecast
- By Product
- By Application
- Market Size & Forecast, 2019–2030
- West India Steel Pipes and Tubes Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Million Units)
- Market Share & Forecast
- By Product
- By Application
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Steel Pipes and Tubes Market Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on India Steel Pipes and Tubes Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Jindal SAW Ltd
- Maharashtra Seamless Limited
- Ratnamani Pipes & Tubes
- ISMT (Indian Seamless Metal Tubes) Ltd
- Welspun Corp Ltd
- Surya Roshni Ltd
- Apollo Tubes Ltd
- Jindal Star Ltd
- Zenith Birla (India) Ltd
- Man Industries (India) Ltd
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 India Steel Pipes and Tubes Market Segmentation
Figure 2 India Steel Pipes and Tubes Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Figure 5 India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Figure 6 India Steel Pipes and Tubes Market Share, By Product, By Value, 2019–2030
Figure 7 India Steel Pipes and Tubes Market Share, By Product, By Volume, 2019–2030
Figure 8 India Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2030
Figure 9 India Steel Pipes and Tubes Market Share, By Application, By Volume, 2019–2030
Figure 10 India Steel Pipes and Tubes Market Share, By Region, By Value, 2019–2030
Figure 11 India Steel Pipes and Tubes Market Share, By Region, By Volume, 2019–2030
Figure 12 North India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Figure 13 North India Steel Pipes and Tubes Market Size, By Value (Million Units), 2019–2030
Figure 14 North India Steel Pipes and Tubes Market Share, By Product, By Value, 2019–2030
Figure 15 North India Steel Pipes and Tubes Market Share, By Product, By Volume, 2019–2030
Figure 16 North India Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2030
Figure 17 North India Steel Pipes and Tubes Market Share, By Application, By Volume, 2019–2030
Figure 18 South India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Figure 19 South India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Figure 20 South India Steel Pipes and Tubes Market Share, By Product, By Value, 2019–2030
Figure 21 South India Steel Pipes and Tubes Market Share, By Product, By Volume, 2019–2030
Figure 22 South India Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2030
Figure 23 South India Steel Pipes and Tubes Market Share, By Application, By Volume, 2019–2030
Figure 24 East India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Figure 25 East India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Figure 26 East India Steel Pipes and Tubes Market Share, By Product, By Value, 2019–2030
Figure 27 East India Steel Pipes and Tubes Market Share, By Product, By Volume, 2019–2030
Figure 28 East India Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2030
Figure 29 East India Steel Pipes and Tubes Market Share, By Application, By Volume, 2019–2030
Figure 30 West India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Figure 31 West India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Figure 32 West India Steel Pipes and Tubes Market Share, By Product, By Value, 2019–2030
Figure 33 West India Steel Pipes and Tubes Market Share, By Product, By Volume, 2019–2030
Figure 34 West India Steel Pipes and Tubes Market Share, By Application, By Value, 2019–2030
Figure 35 West India Steel Pipes and Tubes Market Share, By Application, By Volume, 2019–2030
List of Tables
Table 1 India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Table 2 India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Table 3 India Steel Pipes and Tubes Market Size, By Product, By Value, 2019–2030
Table 4 India Steel Pipes and Tubes Market Size, By Product, By Volume, 2019–2030
Table 5 India Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2030
Table 6 India Steel Pipes and Tubes Market Size, By Application, By Volume, 2019–2030
Table 7 India Steel Pipes and Tubes Market Size, By Region, By Value, 2019–2030
Table 8 India Steel Pipes and Tubes Market Size, By Region, By Volume, 2019–2030
Table 9 North India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Table 10 North India Steel Pipes and Tubes Market Size, By Value (Million Units), 2019–2030
Table 11 North India Steel Pipes and Tubes Market Size, By Product, By Value, 2019–2030
Table 12 North India Steel Pipes and Tubes Market Size, By Product, By Volume, 2019–2030
Table 13 North India Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2030
Table 14 North India Steel Pipes and Tubes Market Size, By Application, By Volume, 2019–2030
Table 15 South India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Table 16 South India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Table 17 South India Steel Pipes and Tubes Market Size, By Product, By Value, 2019–2030
Table 18 South India Steel Pipes and Tubes Market Size, By Product, By Volume, 2019–2030
Table 19 South India Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2030
Table 20 South India Steel Pipes and Tubes Market Size, By Application, By Volume, 2019–2030
Table 21 East India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Table 22 East India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Table 23 East India Steel Pipes and Tubes Market Size, By Product, By Value, 2019–2030
Table 24 East India Steel Pipes and Tubes Market Size, By Product, By Volume, 2019–2030
Table 25 East India Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2030
Table 26 East India Steel Pipes and Tubes Market Size, By Application, By Volume, 2019–2030
Table 27 West India Steel Pipes and Tubes Market Size, By Value (USD Million), 2019–2030
Table 28 West India Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019–2030
Table 29 West India Steel Pipes and Tubes Market Size, By Product, By Value, 2019–2030
Table 30 West India Steel Pipes and Tubes Market Size, By Product, By Volume, 2019–2030
Table 31 West India Steel Pipes and Tubes Market Size, By Application, By Value, 2019–2030
Table 32 West India Steel Pipes and Tubes Market Size, By Application, By Volume, 2019–2030
Table 33 Jindal SAW Ltd Company Overview
Table 34 Jindal SAW Ltd Financial Overview
Table 35 Maharashtra Seamless Limited Company Overview
Table 36 Maharashtra Seamless Limited Financial Overview
Table 37 Ratnamani Pipes & Tubes Company Overview
Table 38 Ratnamani Pipes & Tubes Financial Overview
Table 39 ISMT (Indian Seamless Metal Tubes) Ltd Company Overview
Table 40 ISMT (Indian Seamless Metal Tubes) Ltd Financial Overview
Table 41 Welspun Corp Ltd Company Overview
Table 42 Welspun Corp Ltd Financial Overview
Table 43 Surya Roshni Ltd Company Overview
Table 44 Surya Roshni Ltd Financial Overview
Table 45 Apollo Tubes Ltd Company Overview
Table 46 Apollo Tubes Ltd Financial Overview
Table 47 Jindal Star Ltd Company Overview
Table 48 Jindal Star Ltd Financial Overview
Table 49 Zenith Birla (India) Ltd Company Overview
Table 50 Zenith Birla (India) Ltd Financial Overview
Table 51 Man Industries (India) Ltd Company Overview
Table 52 Man Industries (India) Ltd Financial Overview
Market Segmentation
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