Product Code: ETC376404 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India stainless steel pipes and tubes market was valued at US$ 2.40 billion in 2025, growing at a CAGR of 8.9% during the forecast period. The production volume stood at 1,211 thousand metric tons in 2025, increasing from 932 thousand metric tons in 2015. Increasing demand for stainless steel products from various end-use industries such as water supply systems and construction has been driving growth of the India stainless steel pipes and tubes market over recent years. Further, rising investments by major players towards expanding their manufacturing capacity is expected to create lucrative opportunities for domestic manufacturers over the forecast period.
The India stainless steel pipes and tubes market has witnessed significant growth due to various drivers. One of the primary factors is the flourishing construction and infrastructure development in the country. Stainless steel pipes and tubes find extensive usage in various construction projects, including residential, commercial, and industrial buildings. Moreover, the rapid growth of the automotive industry in India has bolstered the demand for stainless steel pipes and tubes. These pipes are used in exhaust systems, automotive frames, and other components due to their corrosion resistance and durability.
The stainless steel pipes and tubes market in India faces several challenges, which can impact its growth and competitiveness in the global market. One of the primary challenges is the competition from cheaper imports, particularly from countries with large stainless steel production capacities. The industry must also grapple with the fluctuating costs of raw materials, such as nickel and chromium, which can influence the final product`s price and profitability.Maintaining consistent product quality is crucial for stainless steel pipes and tubes manufacturers, but it can be challenging due to variations in raw material quality and production processes.
The India stainless steel pipes and tubes market experienced fluctuations amid the COVID-19 crisis. The lockdown measures initially hampered construction and industrial activities, impacting the demand for these products. However, the market witnessed a rebound with the resumption of construction projects and increased infrastructure development. The rising preference for stainless steel in various industries also contributes to the market`s recovery.
For the India stainless steel pipes and tubes market, key players include Jindal Stainless Ltd., Tata Steel, and AvestaPolarit Welding.