Stainless Steel Pipes and Tubes Market Trends 2030

While every industry has undergone drastic changes during and post-pandemic, it is important to consider the future of the tube and pipe market as well. The tube and pipe market has been thriving. Since their very inception, stainless steel pipes and tubes have been used by a variety of industries for manufacturing an array of products and components. Coming in an array of shapes such as round, rectangular, and square, steel pipes and tubes have become synonymous with tensile strength, light-weightiness, and sustainability. But what will this material be offering in, say, 2030? Sigma Steel Pipes, India’s leading wholesale pipe supplier will give you a real picture in this blog. Get, start, reading!

A sneak peek into steel tubes and pipes

A steel tube is made with additions made to a mixture of iron alloys. These additions could be aluminum, tungsten, carbon, manganese, etc. Sincere thanks to their manufacturing tolerance, at Sigma Steep Pipes, these tubes and pipes possess high quality. As a result, they are put to use in a variety of industries such as petrochemicals, automotive, oil and gas, water treatment infrastructure and construction, etc. Apart from all these industries, the oil and gas industry uses these tubes extensively since they help in the seamless transportation of fluids as well as gas. A steel tube can be manufactured in two different ways and hence, can be categorized into two categories:

• Welded steel tube.

These are tubes and pipes that can resist high temperature, corrosion, cracking, and high strength. They are usually made from carbon steel, alloy steel, or stainless steel. These tubes are produced based on the required diameter and wall thickness dimensions. Shaping material through the welded tubes is possible. The demand for welded pipes is growing due to various industries. The sales and revenue of the market are expected to be massive by 2030. Because of the growing construction industry, there has been a tremendous rise in the manufacturing of welded steel tubes. This is because welded pipes are used extensively while constructing structures due to their performance of durability, strength, and resistance to extreme environmental conditions. 

Read More: How are Steel pipes an Integral Part of Different Industries?

• Seamless steel tube.

Tubes that are perforated from whole round steel without welds on the surface are called seamless steel tubes and pipes. Sigma Steel Pipes is known for manufacturing hot-rolled, cold-rolled, cold-drawn, extruded, and top seamless steel tubes and pipes. On the basis of cross-sectional shape, seamless steel tubes are categorized into the round and special-shaped tubes. Usually, seamless steel pipes are rolled by ordinary carbon structural steel, low-alloy structural steel, or alloy structural steel, with the largest output, and are mainly used as pipelines or structural parts for conveying fluids.

The future of steel tubes and pipes in 2030

Steel has been at the bedrock of the Indian economy. The availability of raw materials such as iron ore and low-cost labor in India has fueled the rise of the Indian steel industry over the past few decades. The future of the steel industry will be earmarked by cutting-edge technology and higher energy plants. According to the National Steel Policy 2017, India will be producing about 300 million tones of tubes and pipes in FY30-31. Moreover, the consumption of steel tubes and pipes will rise by a whopping 7.2% in 2030. To achieve this goal, the government has set a goal of raising rural Steel tube consumption from 19.6 kilograms per capita to 38 kilograms per capita by 2030-31. 

Sounds promising, no? Wish to get a reasonable quote for steel tubes and pipes from India’s leading wholesale pipe supplier? Reach out to Sigma Steel Pipes at https://sigmapipes.com/.