Europe Steel Pipes & Tubes Market Size & Outlook
Europe steel pipes & tubes market, 2018-2030 (US$M)
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Europe steel pipes & tubes market highlights
- The Europe steel pipes & tubes market generated a revenue of USD 22,369.0 million in 2022.
- The market is expected to grow at a CAGR of 2.3% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Power plant is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 22,369.0 million |
| Market revenue in 2030 | USD 26,748.0 million |
| Growth rate | 2.3% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Power plant |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Oil & gas, Chemicals and petrochemicals, Automotive & transportion, Mechanical engineering, Power plant |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Nippon Steel Corp, Steel Authority Of India Ltd DR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 12.1% of the global steel pipes & tubes market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 170,575.1 million by 2030.
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Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe steel pipes & tubes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel pipes & tubes market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 48.92% in 2023. Horizon Databook has segmented the Europe steel pipes & tubes market based on construction, oil & gas, chemicals and petrochemicals, automotive & transportion, mechanical engineering, power plant covering the revenue growth of each sub-segment from 2018 to 2030.
The European steel sector, a global leader in innovation and environmental responsibility, spans over 500 production sites across 22 EU Member States, providing direct and indirect employment to millions of Europeans. According to the European Steel Association AISBL (EUROFER) in November 2022, the steel industry is undertaking ambitious efforts to cut carbon emissions.
Targeting a 55% reduction by 2030, this initiative aims to achieve a substantial decrease, equivalent to over one-third of the sector's direct and indirect CO2 emissions. This commitment aligns with the European Union's climate targets, illustrating a dedicated approach to addressing environmental issues and contributing to a more sustainable future.
The recovery of the overall manufacturing sector in Europe, coupled with capacity additions in oil & gas production in the region, is anticipated to drive market growth over the forecast period. The presence of major industry participants, such as BASF, INEOS, and Shell Chemicals, in Europe is expected to complement the market growth.
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Our clientele includes a mix of steel pipes & tubes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe steel pipes & tubes market , including forecasts for subscribers. This continent databook contains high-level insights into Europe steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe steel pipes & tubes market size, by country, 2018-2030 (US$M)
Europe Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
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