Middle East & Africa Steel Pipes & Tubes Market Size & Outlook
Middle East & Africa steel pipes & tubes market, 2018-2030 (US$M)
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MEA steel pipes & tubes market highlights
- The MEA steel pipes & tubes market generated a revenue of USD 7,724.2 million in 2022.
- The market is expected to grow at a CAGR of 1.8% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 7,724.2 million |
| Market revenue in 2030 | USD 8,924.4 million |
| Growth rate | 1.8% (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, MEA region accounted for 4.2% 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.
Key Regions: UAE , U.S. , Japan , Brazil , Saudi Arabia
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Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 55.99% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Oil & gas is the most significant application of steel pipes and tubes. The economy of the majority of the Middle Eastern countries is largely dependent on oil. According to Anadolu Ajansı, in August 2023, countries in the Middle East, holding 48.3% of global oil reserves, significantly influence worldwide oil production.
Oil reserves in this region are pivotal for the economic prosperity of these nations as they largely rely on oil for their income. The twelve most significant oil fields in the Middle East, situated in Saudi Arabia, Iran, Oman, Iraq, Kuwait, and the UAE, collectively extract over 15 million barrels of oil each day.
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Our clientele includes a mix of steel pipes & tubes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa steel pipes & tubes market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA steel pipes & tubes market size, by country, 2018-2030 (US$M)
Middle East & Africa Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
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