Latin America Steel Pipes & Tubes Market Size & Outlook
Latin America steel pipes & tubes market, 2018-2030 (US$M)
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Latin America steel pipes & tubes market highlights
- The Latin America steel pipes & tubes market generated a revenue of USD 4,540.3 million in 2022.
- The market is expected to grow at a CAGR of 2% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Power plant is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4,540.3 million |
| Market revenue in 2030 | USD 5,319.6 million |
| Growth rate | 2% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Power plant |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Oil & gas, Chemicals and petrochemicals, Automotive & transportion, Mechanical engineering, Power plant |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Nippon Steel Corp, Steel Authority Of India Ltd DR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.4% of the global steel pipes & tubes market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 170,575.1 million by 2030.
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Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America steel pipes & tubes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel pipes & tubes market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 43.76% in 2023. Horizon Databook has segmented the Latin America steel pipes & tubes market based on construction, oil & gas, chemicals and petrochemicals, automotive & transportion, mechanical engineering, power plant covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, Central and South America recorded a Gross Domestic Product (GDP) of USD 6.82 trillion in 2022. The steel pipes and tubes market in the region is experiencing growth, driven by increasing projects and partnerships.
Latin America is experiencing notable infrastructure development, significantly impacting the steel pipes and tubes market. Investments in oil & gas exploration activities are expected to further boost the growth of the market.
Additionally, in March 2023, Tenaris's integrated seamless pipe mill in Campana, Argentina, is set to install a new Electric Arc Furnace (EAF) with Tenova's Con steel technology to reduce CO2 emissions, improve energy efficiency, and enhance production capacity.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America steel pipes & tubes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America steel pipes & tubes market size, by country, 2018-2030 (US$M)
Latin America Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
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