PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566069
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566069
United States Steel Pipes and Tubes Market, By Technology; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Steel Pipes and Tubes Market Grows at Steady CAGR to Touch USD 30 Billion by 2030
United States Steel Pipes and Tubes Market is booming primarily due to burgeoning energy demands, infrastructure expansion, rising living standards, and evolving environmental regulations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Steel Pipes and Tubes Market size at USD 25,954.65 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Steel Pipes and Tubes Market size to expand at a CAGR of 2.17% reaching a value of USD 29,988.37 million by 2030. The Steel Pipes and Tubes Market in United States is propelled by the expansion of petrochemical plants, the escalating demand within the oil and gas industry, and their widespread applications across sectors such as construction, mining, and water treatment. Steel pipes are indispensable for transporting oil, gas, propane, and other gases, where precise measurements and pressure ratings are paramount. Their exceptional anti-corrosion properties make steel tubes ideal for structural applications, including scaffolding, where high precision outside diameters are essential. The burgeoning demand for steel pipes in new oil and natural gas projects, coupled with their applications in industries like wind turbines, medical devices, and plastics production, is significantly fueling market growth. In the automotive sector, steel tubes are utilized in various components, including diesel spark plugs and engine block heating. Moreover, increasing government investments in infrastructure development, combined with rapid urbanization and industrialization, are expected to further catalyze the expansion of United States Steel Pipes and Tubes Market over the forecast period.
Seamless Segment Holds Largest Share of US Steel Pipes & Tubes Market
The seamless segment accounts for the largest share of United States Steel Pipes and Tubes Market by technology. Seamless steel products are meticulously crafted from perforated and heated billets, resulting in tubes devoid of seam welds. These seamless pipes and tubes find widespread applications across industries such as oil & gas, power generation, chemicals & petrochemicals, and engineering. The oil and gas sector, in particular, stands as the dominant force in the seamless technology market, driven by its insatiable demand for tubular products capable of enduring high pressures, corrosive environments, and mechanical stresses. Seamless pipes are indispensable in upstream, midstream, and downstream oil and gas operations, serving as the lifeblood of the industry's infrastructure and processes.
Impact of Escalating Geopolitical Tensions on United States Steel Pipes and Tubes Market
Intensifying geopolitical tensions can have a multifaceted impact on United States Steel Pipes and Tubes Market. Tensions among countries could lead to trade restrictions, sanctions, and disrupted supply chains, ultimately affecting the availability and cost of raw materials, including steel. Additionally, uncertainties in international relations can influence oil and gas projects, a key end-user sector for steel pipes and tubes. The imposition of tariffs and changing trade policies can further compound these challenges, leading to increased production costs, reduced market competitiveness, and potentially restraining the growth of United States Steel Pipes and Tubes Market.
Competitive Landscape
United States Steel Pipes and Tubes Market is highly fragmented, with numerous players serving the market. Key players dominating United States Steel Pipes and Tubes Market include Jindal SAW Ltd, Allied Tube & Conduit Corp, Curtis Maruyasu America, Inc., Benteler Steel Tube Manufacturing Corp, DeBra-Kuempel Co, Nucor Corporation, JFE Steel America, Inc., American Piping Products Inc, and Midwest Steel Products, Inc. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Steel Pipes and Tubes Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Steel Pipes and Tubes Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Steel Pipes and Tubes Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising demand from the oil and gas industry
- 3.2.1.2. Growing infrastructure development
- 3.2.1.3. Increasing disposable incomes
- 3.2.1.4. Stringent environmental regulations
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in steel prices
- 3.2.2.2. Geopolitical instability
- 3.2.3. Opportunities
- 3.2.3.1. Advancements in technology
- 3.2.3.2. Increasing urbanization
- 3.2.4. Challenges
- 3.2.4.1. Infrastructure limitations
- 3.2.4.2. Skilled labor shortage
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Steel Pipes and Tubes Market: Marketing Strategies
5. United States Steel Pipes and Tubes Market: Pricing Analysis
6. United States Steel Pipes and Tubes Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Million Units)
- 6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.1.1. Seamless
- 6.2.1.2. Electric Resistance Welded
- 6.2.1.3. Submerged Arc Welded
- 6.2.2. By Application
- 6.2.2.1. Oil & Gas
- 6.2.2.2. Chemicals & Petrochemicals
- 6.2.2.3. Automotive & Transportation
- 6.2.2.4. Mechanical Engineering
- 6.2.2.5. Power Plant
- 6.2.2.6. Construction
- 6.2.2.7. Others
- 6.2.1. By Technology
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Steel Pipes and Tubes Market Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Steel Pipes and Tubes Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Jindal SAW Ltd
- 9.2. Allied Tube & Conduit Corp
- 9.3. Curtis Maruyasu America, Inc.
- 9.4. Benteler Steel Tube Manufacturing Corp.
- 9.5. DeBra-Kuempel Co.
- 9.6. Nucor Corporation
- 9.7. JFE Steel America, Inc.
- 9.8. American Piping Products Inc.
- 9.9. Midwest Steel Products, Inc.
- 9.10. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Country
- 11.5. Assumptions & Limitations
*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 United States Steel Pipes and Tubes Market Segmentation
- Figure 2 United States Steel Pipes and Tubes Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Steel Pipes and Tubes Market Size, By Value (USD Million), 2019-2030
- Figure 5 United States Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019-2030
- Figure 6 United States Steel Pipes and Tubes Market Share, By Product, By Value, 2019-2030
- Figure 7 United States Steel Pipes and Tubes Market Share, By Product, By Volume, 2019-2030
- Figure 8 United States Steel Pipes and Tubes Market Share, By Application, By Value, 2019-2030
- Figure 9 United States Steel Pipes and Tubes Market Share, By Application, By Volume, 2019-2030
List of Tables
- Table 1 United States Steel Pipes and Tubes Market Size, By Value (USD Million), 2019-2030
- Table 2 United States Steel Pipes and Tubes Market Size, By Volume (Million Units), 2019-2030
- Table 3 United States Steel Pipes and Tubes Market Size, By Product, By Value, 2019-2030
- Table 4 United States Steel Pipes and Tubes Market Size, By Product, By Volume, 2019-2030
- Table 5 United States Steel Pipes and Tubes Market Size, By Application, By Value, 2019-2030
- Table 6 United States Steel Pipes and Tubes Market Size, By Application, By Volume, 2019-2030
- Table 7 Jindal SAW Ltd Company Overview
- Table 8 Jindal SAW Ltd Financial Overview
- Table 9 Allied Tube & Conduit Corp Company Overview
- Table 10 Allied Tube & Conduit Corp Financial Overview
- Table 11 Curtis Maruyasu America, Inc. Company Overview
- Table 12 Curtis Maruyasu America, Inc. Financial Overview
- Table 13 Benteler Steel Tube Manufacturing Corp. Company Overview
- Table 14 Benteler Steel Tube Manufacturing Corp. Financial Overview
- Table 15 DeBra-Kuempel Co. Company Overview
- Table 16 DeBra-Kuempel Co. Financial Overview
- Table 17 Nucor Corporation Company Overview
- Table 18 Nucor Corporation Financial Overview
- Table 19 JFE Steel America, Inc. Company Overview
- Table 20 JFE Steel America, Inc. Financial Overview
- Table 21 American Piping Products Inc. Company Overview
- Table 22 American Piping Products Inc. Financial Overview
- Table 23 Midwest Steel Products, Inc. Company Overview
- Table 24 Midwest Steel Products, Inc. Financial Overview
