Steel Pipe Industry Has Shown Robust Growth With Strong Demand From Domestic And Export Market

Steel pipes

Steel pipes

The steel pipelines are used for cost effective transportation of oil and gas. The domestic pipeline industry has shown robust growth led by huge investment in oil, gas and water supply in India and strong demand in Middle East and the US. ( http://www.bharatbook.com/detail.asp?id=149825&rt=Steel-pipes.html )

With the requisite quality approval, established track record and expectation of favourable demand growth in domestic and export market over the long term, It expects the Indian steel pipes industry to grow at a compounded rate of 8-9 per cent in the long term.

Market size and structure

The steel pipe industry has shown robust growth on account of strong demand from domestic and export market. The domestic pipe industry at 1.53 million tonnes is valued at Rs 92.1 billion in 2008-09. Oil and gas along with water supply and sanitation constitute for significant portion of the total steel pipe demand.

Apart from domestic demand, pipe players are increasingly supplying to the global market. The export market has surpassed the domestic market size for steel pipes and is estimated at around 1.95 million tonne and is valued at Rs 116.9 billion in 2008-09.

The industry is fairly consolidated with major 5 players accounting to more than 80 per cent of the total capacity.

Future growth

After slowdown in 2008-09, the domestic pipe industry is expected to witness strong growth due to huge investments in oil and gas in India. The government thrust on water supply and irrigation is also expected to contribute to the domestic demand.

The demand from oil and gas segment is expected to grow by CAGR of 9-10 over the next 5 years driving the overall demand in India to grow at a CAGR of 8-9 per cent.

With an established track record, proximity to key markets like the Middle East and rising international client accreditations, the industry is increasing its presence in global market. It expects exports to grow at compounded rate of 8-9 per cent over the next 5 years. The export opportunity could be further propelled by the expected emergence of replacement demand from the US and Russia.

Led by domestic and export growth, domestic production of steel pipes is expected to exhibit robust growth of 8-9 per cent (CAGR) from 2008-09 to 2013-14.

For more information kindly visit : http://www.bharatbook.com/detail.asp?id=149825&rt=Steel-pipes.html

Related Reports

The Steel Market Analysis, Financials and Forecasting 2010-2020

http://www.bharatbook.com/detail.asp?id=149806&rt=The-Steel-Market-Analysis-Financials-and-Forecasting-2010-2020.html

Indian Steel Industry Outlook to 2012

http://www.bharatbook.com/detail.asp?id=89664&rt=Indian-Steel-Industry-Outlook-to-2012.html

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by: Bharat Book Bureau

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