According to The Insight Partners' research, the North America Welded Steel Tubes Market was valued at US$ 40,096.5 Million in 2024 and is expected to reach US$ 59,364.1 Million by 2031, registering a CAGR of 6.2% from 2025 to 2031.
Rise in investment in construction industry worldwide and recycled steel usage by key players to reduce carbon footprint are among the critical factors attributed to the North America welded steel tubes market expansion.
The construction industry is growing rapidly in various countries across the globe, with a rise in government investments and an increase in demand for various construction projects. Countries such as the US, China, Mexico, Brazil, and India have the most significant construction businesses in the world. According to the Associated General Contractors of America (AGC), the US construction industry is growing with an investment of ~US$ 1.4 trillion per year. In construction, welded steel tubes are used in plumbing, heating, cooling, and fire sprinkler systems. They are corrosion-resistant, durable, and can withstand high pressure and temperature. Welded steel tubes are also used in the construction of buildings, bridges, and other large infrastructure projects. They provide strong, load-bearing elements in structural frames, supporting roofs, walls, and floors. The long-term construction sector is growing rapidly owing to the increasing government investment in infrastructure development. As of early 2023, the AGC reported the industry creates nearly $2.1 trillion worth of structures each year. For instance, ~US$ 1.2 trillion in funding was passed by the Bipartisan Infrastructure Law in the US. ISteel tubes are commonly used as columns and beams in commercial infrastructure and industrial buildings. High tensile welded steel offers greater strength and the ability to withstand both compression and tension, making it ideal for vertical and horizontal load-bearing applications. Therefore, the rise in investments in the construction industry worldwide drives the welded steel tubes market.
On the contrary, the high transportation and logistics costs and fluctuating raw material pricing hamper the growth of North America welded steel tubes market.
North America Welded Steel Tubes Market Segmentation Analysis:
- By Steel Grades, the North America Welded Steel Tubes Market is segmented into Carbon Base Grades, Boron Grades, Alloy Grades, HSLA, AHSS, and Others. The Carbon Base Grades segment is projected to expand at 6.1% CAGR during 2025 - 2031.
- By Application, the North America Welded Steel Tubes Market is segmented into Exhaust, Automotive, Appliances, Medical Devices, HVAC, Burner, Conveyor Belts, and Others. The Automotive segment is projected to expand at 7.6% CAGR during 2025 - 2031.
- By Type, the North America Welded Steel Tubes Market is segmented into ERW, LSAW, and SSAW. The ERW segment is projected to expand at 6.0% CAGR during 2025 - 2031.
- By Coating Type, the North America Welded Steel Tubes Market is segmented into Clear Coat and Non-Coated. The Non-Coated segment is projected to expand at 5.7% CAGR during 2025 - 2031.
By country, the North America Welded Steel Tubes Market is categorized into the United States, Canada, and Mexico. The United States is projected to expand at 6.7% CAGR during 2025 - 2031.
Key players operating in the Welded Steel Tubes Market are Tenaris SA, Vallourec SA, Tata Steel Ltd, JSW Steel Ltd, Nippon Steel Corp, ArcelorMittal, Markin Tubing, Pennsylvania Steel Company, Inc., Hofmann Industries, Inc, and AMETEK Inc., among others.
- March 2024, ArcelorMittal has agreed to buy a 28.4 percent equity interest in Vallourec, a France-based producer of recycled-content steel pipe and tube with electric arc furnace (EAF) melt shops in Brazil and Ohio. ArcelorMittal purchased its Vallourec shares from funds managed by New York-based Apollo Global Management Inc. for about $1.04 billion. The closing of the transaction is subject to regulatory approvals and is expected to close in the second half of this year.
- August 2024, ArcelorMittal announced the launch of a new steel offer for the construction of hydrogen pipelines to support the rollout of hydrogen gas infrastructure. The company's R&D efforts are focused on providing higher-value products that align with customer needs. Furthermore, thanks to XCarb steel certificates, customers can benefit from reduced Scope 3 carbon emissions.
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