Report Overview

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

• 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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Steel Pipes and Tubes Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising demand from the oil and gas industry
         2. Growing infrastructure development
         3. Increasing disposable incomes
         4. Stringent environmental regulations
      2. Restraints
         1. Fluctuations in steel prices
         2. Geopolitical instability
      3. Opportunities
         1. Advancement in technology
         2. Increasing urbanization
      4. Challenges
         1. Infrastructure limitations
         2. Skilled labor shortage
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Steel Pipes and Tubes Market: Marketing Strategies
5. India Steel Pipes and Tubes Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Technology
         1. Seamless
         2. Electric Resistance Welded
         3. Submerged Arc Welded
      2. By Application
         1. Oil & Gas
         2. Chemicals & Petrochemicals
         3. Automotive & Transportation
         4. Mechanical Engineering
         5. Power Plant
         6. Construction
         7. Others
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
6. North India Steel Pipes and Tubes Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Application
7. South India Steel Pipes and Tubes Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Product
      2. By Application
8. East India Steel Pipes and Tubes Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Product
      2. By Application
9. West India Steel Pipes and Tubes Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Product
      2. By Application
10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Steel Pipes and Tubes Market Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Steel Pipes and Tubes Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Jindal SAW Ltd
    2. Maharashtra Seamless Limited
    3. Ratnamani Pipes & Tubes
    4. ISMT (Indian Seamless Metal Tubes) Ltd
    5. Welspun Corp Ltd
    6. Surya Roshni Ltd
    7. Apollo Tubes Ltd
    8. Jindal Star Ltd
    9. Zenith Birla (India) Ltd
    10. Man Industries (India) Ltd
    11. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Country
    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       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