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 LLC, global stainless steel pipes and tubes market amassed USD 28.98 billion in 2020 and is projected to grow with a strong growth rate 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 focused on producing products that are tailored according to the specific industries, further favoring the overall market dynamics.
 

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In addition, these manufacturers have also augmented their research and development efforts to meet the specialized needs of various end-use industries, thus generating lucrative prospects for the business scenario.
 

On the downside, the COVID-19 pandemic has disrupted the supply chain of the steel sector and has negatively impacted the manufacturing & logistics activities, which in turn could impede the market progression over the estimated timeline.
 

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

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

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