Global Electric Resistance Welded Pipes and Tubes Market Overview
The Electric Resistance Welded Pipes and Tubes Market Size was estimated at 10.03 (USD Billion) in 2022. The Electric Resistance Welded Pipes and Tubes Industry is expected to grow from 10.21(USD Billion) in 2023 to 12.0 (USD Billion) by 2032. The Electric Resistance Welded Pipes and Tubes Market CAGR (growth rate) is expected to be around 1.81% during the forecast period (2024 - 2032).
Key Electric Resistance Welded Pipes and Tubes Market Trends Highlighted
The electric resistance welded (ERW) pipes and tubes market is poised for steady growth, driven by rising demand from various industries. Key market drivers include the growing oil and gas sector, expanding construction activities, and increasing use of ERW pipes in mechanical engineering.Emerging opportunities in the market include the adoption of advanced manufacturing techniques, the development of corrosion-resistant coatings, and expansion into niche applications. Recent trends point to a shift towards lighter and higher-strength ERW pipes to meet the evolving needs of industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Resistance Welded Pipes and Tubes Market Drivers
Rising Demand for Energy Infrastructure
The Electric Resistance Welded Pipes and Tubes Market is primarily driven by the increasing demand for energy infrastructure, particularly in developing economies. As countries strive to meet their growing energy needs, investments in power generation, transmission, and distribution networks are escalating. Electric Resistance Welded (ERW) pipes and tubes play a crucial role in these networks, serving as essential components for transporting oil, gas, and water.The expanding energy sector is expected to continue fueling the demand for ERW pipes and tubes, contributing to the overall growth of the market.
Stringent Regulations and Environmental Concerns
Increasingly stringent regulations and environmental concerns are also driving the growth of the Electric Resistance Welded Pipes And Tubes Market. Governments worldwide are implementing stricter standards for the construction and maintenance of pipelines, emphasizing safety, reliability, and environmental sustainability. ERW pipes and tubes offer advantages in meeting these regulations due to their high strength, durability, and ability to withstand extreme conditions.Additionally, the growing focus on reducing carbon emissions and promoting renewable energy sources is driving demand for ERW pipes and tubes in eco-friendly applications, such as geothermal and solar energy systems.
Advances in Manufacturing Technology
The advancement in manufacturing technology is fueling the growth of the Electric Resistance Welded Pipes And Tubes Market. Technological advancements have led to the development of welding techniques such as high-frequency induction welding and laser welding, which have helped manufacturers improve the efficiency, precision, and quality of ERW pipes and tubes. As a result, manufacturers are producing ERW pipes and tubes that have enhanced properties, thereby offering improved strength-to-weight ratios and corrosion resistance.Moreover, the adoption of advanced manufacturing technologies is driving the growth of electric resistance welded pipes and tubes as manufacturers are able to cater to the increasing demands from various end-user industries.
Electric Resistance Welded Pipes and Tubes Market Segment Insights
Electric Resistance Welded Pipes and Tubes Market Application Insights
The Electric Resistance Welded Pipes and Tubes Market is segmented by Application into Automotive, Construction, Oil and Gas, Chemical Processing, and Power Generation. The Automotive segment is anticipated to be the dominant segment in 2023, with a revenue share of over 30%. The proliferation of the market can be attributed to the high demand for Electric Resistance Welded Pipes And Tubes in the automotive industry, where they are primarily used for various applications, such as exhaust systems, fuel lines, and structural components.The Construction segment is expected to be the second-largest segment in 2023, with a revenue share of over 25%. These products are used in a number of construction applications, including scaffolding, handrails, and fencing. The Oil and Gas segment is projected to be the third-largest segment in 2023, with a revenue share of over 20%. The Electric Resistance Welded Pipes And Tubes are used by the oil and gas industry for applications such as pipelines, well casings, and drill pipes. The Chemical Processing segment is anticipated to be the fourth-largest segment in 2023, with a revenue share of over 15%.In this segment, the used of the Electric Resistance Welded Pipes And Tubes encompasses various applications, such as piping systems, heat exchangers, and reactors. The Power Generation segment is expected to be the smallest segment in 2023, with a revenue share of over 10%. The product is generally used in this segment for applications such as boiler tubes, condenser tubes, and heat exchanger tubes. The rising demand from the automotive, construction, oil and gas, chemical processing, and power generation industries is the growth driver of the Electric Resistance Welded Pipes And Tubes Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Resistance Welded Pipes and Tubes Market Material Insights
The Electric Resistance Welded Pipes and Tubes Market segmentation by Material such as Steel, Stainless Steel, Aluminum Alloys, and Nickel Alloys displays a dynamic market landscape. Steel dominates the market with a revenue of 4.63 billion USD in 2023, owing to its cost-effectiveness and wide applications in the construction, automotive, and energy industries. Stainless Steel follows closely with a revenue of 2.91 billion USD in 2023, driven by its superior corrosion resistance and durability in demanding applications. Aluminum Alloys are gaining traction due to their lightweight and high strength-to-weight ratio, projected to reach a revenue of 1.87 billion USD by 2032.Nickel Alloys, known for their exceptional heat resistance and corrosion resistance, hold a niche market share, catering to specialized applications in aerospace and chemical processing industries.
Electric Resistance Welded Pipes and Tubes Market Diameter Insights
The Electric Resistance Welded Pipes and Tubes Market is segmented into various segments based on diameter, including '1 inch', '1-3 inches', '3-6 inches', and '>6 inches'. The '1-inch' diameter segment held a significant market share in 2023 and is projected to continue its dominance throughout the forecast period. The '1-3 inches' diameter segment is also expected to witness considerable growth due to its wide applications in various industries such as construction, automotive, and manufacturing. The '3-6 inches' diameter segment is anticipated to grow steadily over the coming years, driven by increasing demand from the oil and gas industry.The '>6 inches' diameter segment is expected to experience moderate growth, primarily driven by its use in large-scale infrastructure projects. Overall, the Electric Resistance Welded Pipes and Tubes Market is expected to witness a steady growth rate, driven by increasing demand from various industries and the growing need for efficient and cost-effective piping solutions.
Electric Resistance Welded Pipes and Tubes Market End Configuration Insights
The Electric Resistance Welded Pipes and Tubes Market segmentation by End Configuration includes Plain Ends, Beveled Ends, Grooved Ends, and Threaded Ends. Plain Ends accounted for the largest revenue share in 2023, owing to its wide usage in various industrial applications where a simple and cost-effective connection is required. Threaded Ends are expected to witness significant growth during the forecast period due to their ease of installation and ability to withstand high pressure and temperature applications. Grooved Ends offer a quick and reliable connection, making them suitable for use in fire protection and plumbing systems, contributing to their increasing demand in the market.Beveled Ends are commonly used in welding applications, providing a precise and secure connection, and are expected to maintain a steady market share over the forecast period. The market data indicates that the increasing demand for Electric Resistance Welded Pipes And Tubes across diverse end-use industries is driving the growth of the overall market.
Electric Resistance Welded Pipes and Tubes Market Manufacturing Process Insights
The Electric Resistance Welded Pipes and Tubes Market is segmented based on the Manufacturing Process into Hot Forming and Cold Forming. Hot Forming held a larger revenue share in 2023. The segment is estimated to register a steady CAGR during the forecast period owing to the increasing demand for hot-formed ERW pipes and tubes in various industries such as automotive, construction, and energy. Cold Forming is expected to witness a significant growth rate during the forecast period due to the growing popularity of cold-formed ERW pipes and tubes in applications requiring high precision and dimensional accuracy, such as in the aerospace and medical industries.
Electric Resistance Welded Pipes and Tubes Market Regional Insights
The Electric Resistance Welded Pipes and Tubes Market is segmented into North America, Europe, APAC, South America, and MEA. The Asia-Pacific region is expected to dominate the market in the coming years due to the growing construction industry in the region. The region is home to some of the world's largest economies, including China, India, and Japan, which are experiencing a surge in urbanization and infrastructure development. The increasing demand for electric resistance welded pipes and tubes in various applications such as oil and gas, construction, and automotive is driving the growth of the market in the region.The market in North America is also expected to witness significant growth due to the increasing demand for electric resistance welded pipes and tubes in the oil and gas industry. The region is home to some of the world's largest oil and gas reserves, and the growing demand for energy is expected to drive the demand for electric resistance welded pipes and tubes in the coming years. The market in Europe is also expected to grow at a steady pace due to the increasing demand for electric resistance welded pipes and tubes in various applications such as construction, automotive, and energy.The market in South America is expected to witness moderate growth due to the growing construction industry in the region. The market in MEA is also expected to grow at a moderate pace due to the increasing demand for electric resistance welded pipes and tubes in various applications such as construction, oil and gas, and automotive.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Resistance Welded Pipes and Tubes Market Key Players And Competitive Insights
The major players in the Electric Resistance Welded Pipes and Tubes Market are adopting new product development and launches as the key business development strategy. For instance, Vallourec, a major player in the Electric Resistance Welded Pipes and Tubes Market industry, has launched new high-strength electric resistance welded pipes for their oil and gas customers in 2023. The pipes are designed to handle high-pressure and temperature conditions in deepwater drilling and production applications. Other major players in the Electric Resistance Welded Pipes and Tubes Market are doing their best to maximize their positive force on the market and to maintain their position in the industry. Therefore, in addition to new pipe ranges and launches, many key players invest largely in research and development activity to make new improvements in the performance and efficiency of the products. Nippon Steel Sumitomo Metal Corporation, one of the major players in the Electric Resistance Welded Pipes And Tubes Market, has developed a new technology in 2023 to produce high-strength ERW pipes with superior weldability and corrosion resistance. The new technology will help to reduce the cost of production and higher the quality of ERW pipes for numerous applications.Vallourec is headquartered in Paris, France. This is one of the key players in the Electric Resistance Welded Pipes and Tubes Market and its ERW products are extensively in demand in the market. Vallourec operates in more than 20 countries and employs more than 20,000 people. They manufacture a wide range of ERW pipes for numerous applications, including oil and gas, automotive, and construction. The company’s ERW pipes are trusted worldwide and are used in many of the largest oil and gas project sites globally. The Vallourec ERW pipes have been found to hold up well to their strenuous demands and consequently became one of the leading suppliers in the oil and gas market.JFE Steel Corporation is one of the main competitors of Vallourec in the Electric Resistance Welded Pipes And Tubes Market. They are headquartered in Tokyo, Japan. As a leading steelmaker in the world, they manufacture a wide range of steel products, including ERW pipes. JFE Steel’s ERW pipes appear to be powerful and durable and are used enormously in the construction, automotive, and shipbuilding industries. The key player in the Electric Resistance Welded Pipes and Tubes Market is a main supplier to the Japanese construction industry and their pipes are used at several famous locations in Japanese buildings.
Key Companies in the Electric Resistance Welded Pipes and Tubes Market Include
- Jiangsu Shagang
- Taiyuan Iron Steel
- POSCO
- Rizhao Steel
- ArcelorMittal
- JFE Steel
- Baoshan Iron Steel
- Anyang Iron Steel
- Nippon Steel Sumitomo Metal Corporation
- Shandong Iron Steel
- Vallourec
- Wuhan Iron Steel
- Hebei Iron Steel
- Tenaris
- HBIS Group
Electric Resistance Welded Pipes and Tubes Market Industry Developments
The Electric Resistance Welded Pipes and Tubes Market is predicted to exhibit steady growth from 2023 to 2032. Growing demand for Electric Resistance Welded Pipes And Tubes in the construction, automotive, and energy sectors is driving market expansion. Asia-Pacific is expected to dominate the market due to rapid urbanization and industrialization. Technological advancements, such as the development of high-strength and corrosion-resistant Electric Resistance Welded Pipes And Tubes, are expected to further drive market growth. Key market players are focusing on strategic collaborations and product innovations to expand their market presence. Recent developments include the launch of new production facilities and the adoption of sustainable manufacturing practices.
Electric Resistance Welded Pipes and Tubes Market Segmentation Insights
Electric Resistance Welded Pipes and Tubes Market Application Outlook
- Automotive
- Construction
- Oil and Gas
- Chemical Processing
- Power Generation
Electric Resistance Welded Pipes and Tubes Market Material Outlook
- Steel
- Stainless Steel
- Aluminum Alloys
- Nickel Alloys
Electric Resistance Welded Pipes and Tubes Market Diameter Outlook
- 1 inch
- 1-3 inches
- 3-6 inches
- >6 inches
Electric Resistance Welded Pipes and Tubes Market End Configuration Outlook
- Plain Ends
- Beveled Ends
- Grooved Ends
- Threaded Ends
Electric Resistance Welded Pipes and Tubes Market Manufacturing Process Outlook
Electric Resistance Welded Pipes and Tubes Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.03(USD Billion) |
| Market Size 2023 |
10.21(USD Billion) |
| Market Size 2032 |
12.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
1.81% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Jiangsu Shagang, Taiyuan Iron Steel, POSCO, Rizhao Steel, ArcelorMittal, JFE Steel, Baoshan Iron Steel, Anyang Iron Steel, Nippon Steel, Sumitomo Metal Corporation, Shandong Iron Steel, Vallourec, Wuhan Iron Steel, Hebei Iron Steel, Tenaris, HBIS Group |
| Segments Covered |
Application, Material, Diameter, End Configuration, Manufacturing Process, Regional |
| Key Market Opportunities |
1 Renewable energy infrastructure development2 Growing demand from the automotive industry3 Expansion of the construction sector in emerging economies4 Increasing adoption in the oil and gas industry5 Growing demand for lightweight and high-strength pipes |
| Key Market Dynamics |
Rising construction automotive demand expanding enduse industries growing infrastructure development technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
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Frequently Asked Questions (FAQ) :
The Electric Resistance Welded Pipes and Tubes Market was valued at USD 10.21 billion in 2023 and is expected to reach USD 12.0 billion by 2032, growing at a CAGR of 1.81% from 2024 to 2032.
The Asia-Pacific region is expected to dominate the Electric Resistance Welded Pipes and Tubes Market over the forecast period. This is attributed to the increasing demand for Electric Resistance Welded Pipes And Tubes in countries such as China, India, and Japan.
The key growth drivers of the Electric Resistance Welded Pipes and Tubes Market include the rising demand for lightweight and durable materials in various industries, such as automotive, construction, and energy.
The major applications of Electric Resistance Welded Pipes And Tubes include the transportation of fluids, such as oil, gas, and water, as well as structural applications in buildings and bridges.
The key competitors in the Electric Resistance Welded Pipes and Tubes Market include Vallourec, Tenaris, JFE Steel, and Nippon Steel Sumitomo Metal Corporation.
The Electric Resistance Welded Pipes and Tubes Market is expected to grow at a CAGR of 1.81% from 2023 to 2032.
The growth of the Electric Resistance Welded Pipes and Tubes Market may be restrained by factors such as the increasing adoption of alternative materials, such as plastic and composite materials.
The key trends in the Electric Resistance Welded Pipes and Tubes Market include the increasing demand for high-strength and corrosion-resistant materials.
The Electric Resistance Welded Pipes and Tubes Market faces challenges such as the volatility in the prices of raw materials and the increasing competition from alternative materials.
The future outlook of the Electric Resistance Welded Pipes and Tubes Market is positive. The market is expected to grow steadily over the forecast period, driven by the increasing demand for lightweight and durable materials in various industries.
