Global Industrial Tubes Market

Posted by Ganesh Mane on February 11th, 2021

Global Industrial Tubes Market size was valued at US$ 510.03 Bn in 2019 and is expected to reach US$ 856.86 Bn by 2027 to exhibit a CAGR of 6.7 % during the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global industrial tubes market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global industrial tubes market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Steel industrial tubes are long, hollow tubes that are used for a multiplicity of purposes. They are manufactured by two distinct methods which result in either a welded or seamless pipe. In both methods, raw steel is the first cast into a more effective starting from. Industrial tubes have many advantages such as Variety of applications, a wide range of sizes, easy to join and install, corrosion resistance and versatility.

Growing consumption of steel tubes in end-use industries, increasing energy & power production and effective characteristics and properties of industrial tubes are the major factors behind the growth of the global industrial tubes market. Saturated markets have less demand for industrial tubes is hampering the progress of the industrial tubes market.

Unstable prices of raw materials and stringent government regulations in different countries are the challenge faced by global industrial tubes market. Increase in offshore spending and new oilfield discoveries are producing various opportunities for the industrial tubes market.

The oil and gas industry is the leading end user of steel tubes, and hence, the growth in oil & gas production is the major pouring factor for the industrial tubes market. The oil and gas industry is expected to hold the largest share of the market owing to the huge use of steel pipes and tubes. According to the analysis of the global market is determined the Middle East countries, the US, and Russia are projected to report for 69% of the oil production in the future. The steel tubes are also used in the oil & gas and petrochemical and chemical industries.

The process pipes are mainly used in the pulp & paper, chemical, and petrochemical industries. Process pipes are constructed from carbon steel, stainless steel, duplex stainless steel, and austenitic alloys, which are suitable to handle the violent environments in wells sour from hydrogen sulfide, carbon dioxide, and other chemicals. The process type pipes are expected to grab the largest market share during the forecast period owing to the rising upstream and downstream activities, high demand for these types of tubes in the oil & gas and petrochemical and chemical industries. Further, the Asia Pacific region is glowing for the expansion industrial tubes market.

Steel hold the largest share of the industrial tubes market and is expected to be the largest segment of this market. There are very few alternates available in the market for steel for industrial use, which makes steel a viable option for the manufacturing of industrial tubes. Development in its end-use industries high consumption rate of and steel tubes are anticipated to boost the demand for steel in the industrial tubes market during the forecast period.

According to the regional market study, the Asia Pacific is the fastest-growing industrial tubes market. The Asia Pacific market is growing because of the rising investment in oil & gas exploration, capacity expansion in the petrochemical and chemical industry, besides growing automotive production in the region. Moreover, the development in the number of commercial infrastructure projects is anticipated to propel the industrial tubes market during the forecast period.

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Scope of Global Industrial Tubes market

Global Industrial Tubes market, by Type

• Process Pipes
• Mechanical
• Heat Exchanger
• Structural
Global Industrial Tubes Market, by Material

• Steel
• Non-Steel
Global Industrial Tubes market, by End-use

• Oil & Gas and Petrochemical
• Automotive
• Chemical
• Others
Global Industrial Tubes market, by Manufacturing

• Seamless
• Welded
Global Industrial Tubes market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players operating in the Global Industrial Tubes market

• Nippon Steel & Sumitomo Metal Corporation
• Vallourec S.A.
• Sandvik AB
• Tenaris
• Tata Steel
• Tubacex
• United States Steel Corporation
• Benteler
• Aperam
• AK Tube LLC
• Acciai Speciali Terni S.P.A.
• Kme Germany Gmbh & Co Kg
• Wieland
• Hutmen S.A.
• Macsteel
• Tubos Apolo
• Ratnamani Metal & Tubes Ltd.
• Jindal Saw Ltd.
• Heavy Metals & Tubes Ltd.
• Ssp Corporation
• Divine Tubes Pvt. Ltd
• Sanghvi Overseas
• Halcor
• Eisenbau Krämer Gmbh
• Tmk

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Ganesh Mane

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Ganesh Mane
Joined: January 27th, 2021
Articles Posted: 125

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