China remains the dominant force in the centrifugal casting steel pipes market, both in terms of production and consumption. Its robust industrial base, large-scale infrastructure projects like Belt and Road Initiative (BRI), and investments in thermal, hydro, and nuclear power plants significantly drive market demand. The country's strategic focus on upgrading urban utility infrastructure, including district heating systems and sewage pipelines, further supports volume growth. However, challenges persist in the form of overcapacity, inconsistent product quality among smaller manufacturers, and increasing environmental scrutiny on foundries. Despite these restraints, China is leveraging its large domestic market and export competitiveness to maintain a strong global presence. There are notable opportunities in high-tech applications, such as ultra-high-temperature alloy pipes for aerospace and precision components for electric vehicle battery plants. Emerging trends include widespread adoption of AI in defect detection, eco-friendly casting processes, and the integration of green manufacturing standards. The Chinese market is expected to post a strong CAGR of 6.8% through 2030, underpinned by favorable policy support, industrial upgrading, and export-led growth across Asia, Africa, and Latin America.
TABLE - China Centrifugal Casting Steel Pipes Market Size & Forecast By Product Type 2021-2033
Product Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Stainless Steel Centrifugal Pipes | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Carbon Steel Centrifugal Pipes | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Alloy Steel Centrifugal Pipes | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - China Centrifugal Casting Steel Pipes Market Size & Forecast By Application 2021-2033
Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Oil & Gas Industry | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Power Generation | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Water and Wastewater Management | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Chemical & Petrochemical Industry | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Others (Construction, Marine, Automotive) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis