As cited by the research report titled ‘Global Stainless Steel Pipes and Tubes Market (Value, Volume) - Analysis By Product Type (Welded, Seamless), End User, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report, global stainless steel pipes and tubes market amassed USD 28.98 billion in 2020 and is projected to grow with a strong CAGR over 2021-2026. 
 

Increasing energy demand, growing production of vehicles and rising construction activities in developing countries are the major factors driving the global stainless steel pipes and tubes market growth. Several manufacturers are producing products that are tailored according to the specific industries, thus positively swaying the market dynamics.
 

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In addition, prominent players in this market domain have augmented their research and development efforts to meet the specialized needs of various end-use industries, thus generating lucrative prospects for the business scenario.
 

The COVID-19 pandemic, however, has severely affected the worldwide economy and has disrupted the supply chain of the steel industry and has negatively swayed the manufacturing & logistics activities in the industry, hindering the market progression over the estimated timeline.
 

Based on product type, global stainless steel pipes and tubes industry is segmented into welded and seamless. Considering the end user range, the marketplace is categorized into automotive, oil & gas, industrial & power, water & wastewater, civil construction, and others.
 

The geographical analysis of worldwide stainless steel pipes and tubes industry emphasizes on Americas (Mexico, United States, Canada), Asia Pacific (China, South Korea, India, Japan,), Europe (Italy, Germany, France) and Middle East & Africa.
 

Prominent players influencing the industry dynamics are Sandvik AB, Tubacex Group, Northwest Pipe Company, Kobe Steel Ltd., Choo Bee Group, Jindal Saw Ltd., Ratnamani Metals & Tubes Ltd., Tata Steel Ltd, and ArcelorMittal S.A.