India's centrifugal casting steel pipes market is witnessing robust growth fueled by rapid urbanization, rising infrastructure investments, and the government’s emphasis on Make in India manufacturing. The push for oil and gas pipeline expansions and upgrades in water and sewage networks are critical demand drivers. However, challenges like inconsistent raw material quality and limited automation in domestic foundries restrict output quality and scalability. A strong opportunity exists in catering to renewable energy projects and exports to neighboring countries. The trend of adopting cost-effective metallurgical innovations and process automation is gradually strengthening India’s market position. The Indian market is projected to grow at a healthy CAGR of 6.5% from 2025 to 2030.
TABLE - India 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 - India 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