According to the recent 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 MarketStudyReport, Global stainless-steel pipes and tubes market had generated revenues worth USD 28.98 billion in 2020 and is predicted to grow significantly during 2021-2026.

The growth of the global stainless steel pipes and tubes market is primarily driven by growing construction activities, mounting vehicle production, and a rise in energy demand. Manufacturers in this industry are trying to customize the production of stainless-steel welded pipes as per industry requirements. The research & development on the customization of stainless-steel welded products for end-users are still in the process which will eventually boost the market growth in the future.

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The COVID-19 pandemic has negatively influenced the manufacturing as well as the logistics sector, further resulting in global economic slowdown and supply chain disruptions, which in turn could act as a bottleneck for the overall market expansion.

The market is segmented based on product type, end-user, and regional analysis. The product landscape is further classified on the basis of seamless and welded segments. The end-user landscape is bifurcated into industrial & power, oil & gas, automotive, civil construction, water & wastewater, and other segments.

As per the regional analysis, global stainless steel pipes and tubes industry is divided into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.

The competitive landscape of the global stainless steel pipes and tubes business sphere is operated by Kobe Steel Ltd., Sandvik AB, Tubacex Group, Jindal Saw Ltd., Ratnamani Metals & Tubes Ltd., Northwest Pipe Company, Choo Bee Group, Tata Steel Group, ArcelorMittal S.A., and the United States Steel Corporation.