Global Electric Resistance Welded Pipes & Tubes Market Analysis: 2022-2028

Global electric resistance welded pipes & tubes market analysis and insights

The global market for Electric Resistance Welded (ERW) Pipes and Tubes estimated at 68.8 million tons in the year 2022, is projected to reach a revised size of 102.5 million tons by 2028, growing at a CAGR of 5.86% over the analysis period.

Global demand for steel pipes and tubes, including ERW pipes closely mirrors the trends in the oil & gas and construction industries, and is also influenced by the pace of infrastructure development projects. Given the fact that trends in various end-use markets are significantly affected by prevailing economic conditions, the impact is also evident on the demand for steel pipes and tubes including ERW steel pipes.

Traditionally, ERW pipes were mainly used in oil and gas pipelines, and water/sewage transportation. However, with improvement in load bearing strength, ERW pipes now find application in industries such as infrastructure, pre-fabricated structures, solar plants, power plants, and furniture. While the oil & gas industry is the main demand determinant for the ERW pipes market, tubes intended for mechanical engineering and manufacturing sectors are directly linked to the health of the economy. Manufacturers offering pipes for infrastructure projects are characterized by late-cyclical trend. Specifically, manufacturers offering tubes for grid-bound media transports market are likely to benefit from long-term measures that are aimed at providing water and energy supply.

The market reported rebound in demand during 2022, led by an improvement global economy and recovery in major markets including construction, oil and gas and automobile industry. Most economies registered an increase in demand for both industrial pipes and OCTG pipes amid favorable conditions. The industry however faces challenges from supply chain disruptions and rising raw material prices.

Electric resistance welded pipes & tubes regional market insights

North American ERW pipes and tubes market is expected to grow significantly over the forecast period 2022-2028. This growth can be attributed to the high potential for products such as oil country tubular goods (OCTG), and structural tube, owing to the rise in offshore drilling and exploration activity in the long run along with additions and repairs of the existing water. United States contributed around 78% of the total North American ERW pipes and tubes market. It is estimated to have a market size of 6.7 million tons in the year 2022.

Asia-Pacific market is expected to benefit mainly from increasing industrialization in the region, followed by rapid infrastructural growth. This is largely attributed to the strong economic growth of individual countries in these regions, and the increased activity in end-use sectors. China, among the leading regional markets, is expected to register increase in pipe consumption driven by increasing domestic requirements. On the other hand, India is witnessing increased investments from public and private sectors in developing pipeline infrastructure for domestic gas distribution, water supply and irrigation. China is expected to reach a market size of 32.94 million tons by 2028.

Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 4.78% over the forecast period.

Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.

Key players

Key players profiled in the report include Al Jazeera Steel Products Company SAOG; APL Apollo Tubes Limited; Arabian Pipes Company; ArcelorMittal SA; Choo Bee Metal Industries Berhad; EVRAZ North America; Future Pipe Industries; JFE Steel Corporation; Maharashtra Seamless Limited; Mannesmann Line Pipe GmbH; Nippon Steel Corporation; TMK Group; PT Bakrie Pipe Industries; SPAR STEEL INDUSTRIES LLC; Surya Roshni Ltd.; Tata Steel Europe Ltd.; Techint Group SpA; U. S. Steel Tubular Products Inc.; United Metallurgical Company (OMK); Welspun Corp Ltd.; Wheatland Tube Company, among others.

Competitive Landscape

November 21, 2023 – South Korea’s SeAH Steel Holdings Corp. has signed a five-year contract to provide 200,000 tons of steel pipes to Abu Dhabi National Oil Company (ADNOC). The supplies are American Petroleum Institute (API) pipes and clad pipes, which are widely used for transporting oil and gas.

September 19, 2023 – Cogne Acciai Speciali has finalized the acquisition of Special Melted Products, an English company controlled by the German holding Mutares SE & Co. KGaA. Preliminary to the operation was the capital increase of 200 million euros entirely subscribed by the shareholders a few days ago, also in anticipation of further M&A activities.

Electric resistance welded pipes & tubes market scope

• By product category
  • Structural steel pipes & tubing
  • Mechanical steel tubing
  • Pressure tubing
  • Others

• By material
  • Carbon steel
  • Stainless steel
  • Alloy steel
  • Alloying elements
  • Copper
  • Aluminum
  • Others

• By industry vertical
  • Oil and gas
  • Water & Waste management
  • Building & infrastructure
  • Industrial manufacturing
  • Automotive
  • Aerospace
  • Others

• By region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The research report  provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.

Research Methodology