Centrifugal Casting Steel Pipes Market Size, Share & Trends Analysis Report By Product Type (Stainless Steel Centrifugal Pipes, Carbon Steel Centrifugal Pipes, Alloy Steel Centrifugal Pipes), By Application (Oil & Gas Industry, Power Generation, Water and Wastewater Management, Chemical & Petrochemical Industry, Others (Construction, Marine, Automotive)) and By Region (North America, Europe, Asia-Pacific, Latin America, The Middle East and Africa) Forecasts, 2025–2030
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Centrifugal Casting Steel Pipes Market Size
The global centrifugal casting steel pipes market size is valued at USD 9.8 billion in 2025 and is projected to reach USD 13.6 billion by 2030, growing with a CAGR of 6.8% during the forecast period (2025–2030).
The Centrifugal Casting Steel Pipes Market encompasses the global trade, production, and application of steel pipes manufactured through the centrifugal casting process. These pipes are widely used in industries such as petrochemicals, water and wastewater treatment, energy, and construction due to their high precision, durability, metallurgical uniformity, and superior mechanical properties. This report aims to provide a comprehensive analysis of the centrifugal casting steel pipes market, delivering in-depth insights for stakeholders including manufacturers, investors, policymakers, raw material suppliers, and end-users. It presents a detailed evaluation of the market structure, size, share, growth potential, segmentation, regional trends, key players, and forecast metrics from 2025 to 2030.
Centrifugal Casting Steel Pipes Market Growth Factors
The centrifugal casting steel pipes market is primarily driven by the increasing demand for high-strength and corrosion-resistant pipes in oil & gas, energy, and wastewater management industries. The growth in urban infrastructure and industrialization, particularly in developing economies, has fueled the use of steel pipes for large-scale pipeline projects. Additionally, the precision and cost-efficiency offered by centrifugal casting compared to other casting methods have made it the preferred choice for producing thick-walled and high-diameter steel pipes. For example, the increased drilling activities in offshore oilfields require robust steel piping capable of withstanding extreme pressure, a specification efficiently met by centrifugal casting technology.
Restraining Factor
Despite strong growth potential, the market faces restraints such as high initial setup costs associated with centrifugal casting machinery, skilled labor requirements, and limited awareness in developing markets. Moreover, supply chain disruptions caused by geopolitical instability and trade restrictions on steel exports can significantly affect the pricing and availability of raw materials like stainless steel billets and carbon steel. Environmental regulations on steel production, especially in Europe and parts of Asia, could also slow down market growth.
Market Opportunity
Emerging applications in the renewable energy sector and nuclear power projects are opening new avenues for centrifugal cast steel pipes. There is also a growing opportunity in the replacement of aging pipeline infrastructure in North America and Europe. Technological innovations like hybrid centrifugal casting techniques (integrating horizontal and vertical casting) and advancements in metallurgical processes are expected to enhance product quality and customization, offering manufacturers a competitive edge.
Market Trends
A significant trend is the integration of digital manufacturing technologies such as automated process monitoring and AI-based quality assurance in centrifugal casting operations. Sustainability is also becoming a core trend, with companies exploring low-emission steel manufacturing and recycling of scrap metals. Furthermore, the market is witnessing a shift toward customized, high-alloy steel pipes for specialized applications such as chemical transport and high-temperature fluid systems.
Product Type Insights
The centrifugal casting steel pipes market is divided into stainless steel, carbon steel, and alloy steel centrifugal pipes. Stainless steel centrifugal pipes are expected to lead the market with an estimated size of USD 4.1 billion in 2025 and a projected CAGR of 7.2% through 2030. Their widespread use in chemical processing, water treatment, and pharmaceutical sectors is driven by their excellent corrosion resistance. Moreover, their adoption is growing in hygienic and food-grade applications, particularly in regions emphasizing sanitary standards and clean manufacturing environments. Carbon steel centrifugal pipes, valued at USD 3.5 billion in 2025, are projected to grow at a CAGR of 6.3%. These pipes are preferred in structural and heavy industrial applications due to their lower cost and high mechanical strength, making them especially suitable for infrastructure-heavy regions undergoing large-scale development. Meanwhile, alloy steel centrifugal pipes, with a 2025 market valuation of USD 2.2 billion and a CAGR of 6.9%, are gaining traction in power generation, defense, and high-temperature environments due to their strength under thermal stress and pressure variations.
Application Insights
The oil and gas industry holds the largest market share, accounting for 34% in 2025. The rapid expansion of oil exploration activities and the increasing need for robust and corrosion-resistant transport pipelines are fueling demand for centrifugal steel pipes. The power generation sector follows with a 22% share, driven by rising investments in thermal and nuclear power plants, which require durable high-temperature piping systems. The water and wastewater management segment, capturing 18% of the market, is benefiting from global initiatives to upgrade water infrastructure and implement smart water grids. The chemical and petrochemical industry represents 14% of the market, propelled by the rising need for high-performance pipes capable of handling corrosive and high-pressure fluids. The remaining 12% is held by other industries such as construction, marine, and automotive, where growing infrastructure development in emerging economies continues to support steady demand for centrifugal casting steel pipes.
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Regional Insights
In North America, the market is projected to reach USD 2.4 billion by 2025, growing at a CAGR of 6.1% through 2030. The United States is the dominant contributor, driven by large-scale shale gas extraction activities and the urgent need to replace aging pipeline infrastructure. Canada also presents substantial growth opportunities, especially with its national emphasis on clean energy and support from the U.S. Department of Energy’s pipeline modernization initiatives, which collectively foster long-term market expansion.
Europe Centrifugal Casting Steel Pipes Market Trends
In Europe, the market is expected to be valued at USD 2.1 billion in 2025, with a CAGR of 5.8%. Countries like Germany, France, and the UK are key markets owing to their industrial maturity and advanced infrastructure. Strict environmental regulations in the region are accelerating the shift toward recyclable and long-lasting piping solutions. Additionally, Europe’s commitment to cross-border energy integration and smart utility projects is increasing the demand for high-performance steel piping systems.
The Asia-Pacific region leads in overall market size, with an estimated value of USD 3.2 billion in 2025 and the highest regional CAGR of 8.2%. This growth is largely attributed to rapid urbanization, expanding industrial bases, and rising investments in water treatment and transport infrastructure across China, India, and Japan. Strategic initiatives such as China’s Belt and Road Initiative and India’s Smart Cities Mission are playing a pivotal role in enhancing regional infrastructure, thereby fueling demand for centrifugal steel pipes.
In Latin America, the market is poised to reach USD 1.1 billion by 2025, expanding at a CAGR of 7.4%. Brazil and Mexico are the primary contributors due to renewed focus on oil exploration, government-led energy reforms, and substantial infrastructure development. Foreign direct investment in mining and public utilities is further supporting the region’s upward trajectory.
The Middle East & Africa market is projected to grow to USD 1.0 billion in 2025, with a CAGR of 7.1%. This region benefits from abundant oil reserves and a strategic push toward infrastructure diversification. Countries such as the UAE and Saudi Arabia are investing heavily in desalination plants and wastewater treatment facilities, which are key application areas for stainless steel centrifugal pipes. Meanwhile, South Africa’s urban renewal and utility upgrade programs are also contributing to steady regional growth.
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Competitive Landscape
- Hitachi Metals, Ltd. (Japan)
- American Cast Iron Pipe Company (ACIPCO) (USA)
- Dandong Foundry Co., Ltd. (China)
- Sandvik AB (Sweden)
- Fomenko Foundry (Russia)
- Union Electric Akers (UK/Sweden)
- MetalTek International (USA)
- Centravis Production Ukraine PJSC (Ukraine)
- MEDEKO CAST d.o.o. (Slovenia)
- Shenyang Shengjing Metal Tech Co., Ltd. (China)
Recent Developments
- October 2023: Dandong Foundry Co. expanded its vertical centrifugal casting plant in China, increasing production capacity by 25%.
- May 2024: Sandvik AB launched a new high-temperature alloy pipe line with enhanced mechanical durability for nuclear reactor applications.
- February 2025: American Cast Iron Pipe Company (ACIPCO) entered a strategic partnership with a Saudi infrastructure firm to localize pipe production for large-scale water projects.
- August 2024: Hitachi Metals introduced an AI-powered defect detection system for centrifugal pipe inspection, reducing quality issues by 30%.
