PROJECTION OF STEEL PIPES & PIPE FITTINGS
Please note that by volume the Indian “Steel Pipes and Tubes” market size is estimated at 6.98 million tonnes in 2023. During the forecast period between 2024 – 2030 Indian Steel Pipes & Tubes market size is expected to reach by 7.66 million tonnes by 2030.
STEEL PIPE FITTINGS
Pipe Fitting market is expected to witness significant growth in the coming years. It is primarily driven by growing demand for residential and commercial building, water supply, sewerage system, oil and gas, HAVC, manufacturing, agriculture applications and others.
- Artificial Synthetic Market
- Metallic Market
The research and analysis provided for Pipe Fittings, the market research is meant to benefit the stack holders, vendors and participants in the industry. The Pipe Fittings market is expected to grow annually. The Compound Annual Growth Rate (CAGR) @ 5.9%.
Projection indicate further growth with the market expected to reach US dollars 9.11 billion globally by 2028 at CAGR of 5.4%.
Carbon Steel Pipe Fittings find extensive application in plumbing, HAVC system, fire protection and structural sports.
The robust growth in housing unit and residential construction activities underscores the market’s momentum.
The major consumers of “Steel Pipe Fittings” in India are :
- RELIANCE
- ADANI
- TATA
- KEC
- KALPATARU
- IOCL
- GAIL
- ONGC
- BPCL
- GSPL &
- Others
BUTT WELD FITTING PRODUCTS
- Elbows (long radius and short radius)
- Tees
- Reducers
- Caps
Just for information, please note that the price for ACESS Butt Welded Elbows for Hydraulic Pipes is Rs. 155 per Pc. (Hydraulic pipes size approx. ½” to 3”)
The price for Stainless Steel ACCESS Butt Welded grade SS 347 for Gas Pipe is approx. Rs. 250 per Kg.
In India competitive rivalry :
Threat from new entrants - High
Threat of substitutes - High
Bargaining power of supplier - Moderate
Bargaining power of buyer- Moderate
Overall “Butt Weld Fittings” market is expected to grow further at CAGR of 8% during the forecast year. This mainly driven by the increasing demand from various industries such as Petrochemicals, Constructions, Fire Protection, HAVC, Oil & Gas, etc.
Special Note : As every body is aware, the BJP is expected to win India’s election this year, and its government is all set to come in power once again. Our Prime Minister, Shri Narender Modi declared that “In-country Value” shall further increase and India would be the manufacturing hub in next five years. Particularly, Kutch District in Gujarat, it is called as “Detroit of Pipe Manufacturing Industries”
But there is no industry to manufacturer Butt Welded Fittings in this area. So any company should think seriously to start manufacturing Butt Welded Fittings so that it will be economically viable.
SEAMLESS STEEL PIPES :
Market for Seamless Steel Pipes is estimated to reach USD 122.2 billion globally. Out of this, Oil and Gas is 39.5% of above value and balance for others applications.
Presently, market for Seamless Pipes in India is less as compared to other countries but with the present government it will grow in next 5 years rapidly.
ERW PIPES : :
India is the leading ERW manufacturing hub. The domestic market for ERW pipes is 8 – 10 Million Tons. ERW Pipe market is grown by 5% over the last 5 years and it is expected that the market will be fast growing segment in the Steel Pipe Industry. Clocking growth 8 to 10% over the next few years. The current price in India for Pipes varying from Rs. 100 per Kg. to Rs. 380 per Kgs. because of its different grades.
The increasing construction and infrastructure sector are expected to propel the growth of the market. The largest region in 2023 was Asia specific. So, we hope it will further grow in coming years specially in India.
So, we recommend that we should have one Second Hand/New ERW Pipe Manufacturing Unit in Kutch region. Industrial land is available. GKG land of 8 acres with compound wall is available in Kutch Region.
| PROJECT NAME | KMS | VALUE |
|---|---|---|
| Parbati Kalisindh Chambal | 243.7 | ₹6,114.5 crore (US$860 million) |
| Nagarjunasagar Somasila Link | 393 | ₹6,320.54 crore (US$890 million) |
| Srisailam Pennar Link | 203.6 | ₹1,580 crore (US$220 million) |
| Damanganga Pinjal Link | 42.5 | ₹1,278 crore (US$180 million) |
| Kaveri-Vaigai-Gundar Link | 255.6 | ₹2,673 crore (US$370 million) |
| Mahanadi Godavari Link | 827.7 | ₹17,540.54 crore (US$2.5 billion) |
| Par Tapi Narmada Link | 395 | ₹6,016 crore (US$840 million) |
| Pamba Achankovil Vaippar Link | 50.7 | ₹1,397.91 crore (US$200 million) |
| Ken Betwa Link | 231.5 | ₹1,988.74 crore (US$280 million) |
UP COMING WATER PIPE LINE PROJECT
| PROJECT NAME | KMS | VALUE |
|---|---|---|
| Later District Water line | 634 | ₹1,712 crore (USD $ 228 million) |
| Osmanabad District water supply | 706 | ₹1,409 crore ( USD $ 200 Crore) |