Since a few years, the stainless steel welded pipe market has grown at a rapid pace. This upward trend is expected to continue due to increased demand from the construction and automotive industries. Other applications for stainless steel welded pipes include petrochemical and fertiliser, oil and gas, and water supply and distribution. Stainless steel’s superior physical and chemical properties, such as high ductility, resistance to high temperature ranges, and corrosion resistance, have enabled favourable sales growth.
According to FMI, stainless steel welded pipe sales increased at a 1.2% CAGR between 2016 and 2021. COVID-19 has caused significant disruption in all manufacturing industries in terms of output and supply across multiple regions. The pandemic has also slowed the annual growth rate of stainless steel and derived products such as stainless steel welded pipes. The stainless steel welded pipe market has been severely impacted by a slowdown in non-essential item sales and a tightening of liquidity as a result of the covid-19 pandemic.
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Regional Analysis:
The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. Growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.
Competitive Landscape
The stainless steel welded pipe market is highly competitive, with the presence of a large number of players in the market. Some of the players are focusing on carving out a niche for specific consumers. The market has robust partnerships throughout the value chain, with high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing make it challenging for new entrants in this market. Through these developments, companies are aiming at gaining a competitive advantage.
Some of the leading companies operating in the market are:
Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd.
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Stainless Steel Welded Pipe Market
By Grade
- 300 Series
- 304, 304L & 304H
- 309 & 310S
- 316, 316L, 316H, 316TI
- 321/321H
- 347/347H
- 400 Series
- 409
- 410/410S
- 900 Series
- Nickel Alloy Grade
- Duplex 2205
- Duplex 2207
By Application
- Construction
- Automotive
- Water Supply and Distribution
- Oil and Gas
- Petrochemical and Fertilizers
- Power Generation
- Others
By Outer Diameter
- 4 – 36mm
- 36 – 60 mm
- 61 – 150 mm
- 151 – 500 mm
- 500 – 1000 mm
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa