Industrial Tubes Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4089 | Report Format : | Status : Upcoming |

Abstract

Global Industrial Tubes Market: Overview

Industrial tubes are manufactured from steel and have the ability to proficiently handle the tough conditions experienced in the oil & gas reservoirs from which hydrogen sulfide, carbon dioxide emissions, and other compounds are ejected out.

Global Industrial Tubes Market: Growth Factors

The rise in the number of activities witnessed across the global petrochemical and chemical sectors are the vital aspects stimulating the industrial tubes market trends. Furthermore, the thriving energy & power sector is also catapulting the sales of industrial tubes across the globe. Furthermore, the massive use of the product in oil & gas, chemical, automotive, construction, and petrochemical sectors will further increase the global market penetration rate. This, in turn, will amplify the scope of the business space in the coming decade. Flourishing of these industries will help industrial tubes market reach scalable heights. In addition, high durability of steel tubes along with its outstanding rust resistance, weldability, and chemical property resulting in its massive use will drive the industrial tubes market size. With the growing trend towards manufacturing of eco-friendly products and as a part of corporate social responsibility, manufacturers are trying to manufacture eco-friendly industrial tubes, thereby augmenting the scope of the business over the next decade.

Global Industrial Tubes Market: Segmentation

The global industrial tubes market can be classified based on type, material, manufacturing, and end-user. Based on the type, the market is sectored into process pipes, mechanical, heat exchanger, and structural. On the basis on material, the market is segmented into steel and non-steel.  On the basis of manufacturing, the industrial tubes market is classified into seamless and welded. Based on the end –user, the market is divided into oil & gas, petrochemical, automotive, and chemical.

Global Industrial Tubes Market: Regional Analysis

Based on regions, the global industrial tubes market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific market is likely to contribute majorly towards the market share during the estimated timespans. The region's most densely populated regions comprising of China and India and these countries are rapidly experiencing large production of petrochemicals, specialty chemicals, and other chemicals with enhanced use of chemical goods. In addition, automobile production is also expected to grow significantly with the rise in the disposable income of the middle-class population. The industrial tubes market is, therefore, expected to experience a positive growth trend in the automotive industry. The thriving construction sector is also expected to witness moderate demand for industrial tubes with the growth in the commercial infrastructure in key regions. With the increase in APAC’s natural gas demand, the market in the region is likely to touch new growth horizons in the near future.

Massive product demand in the United States of America and economies of scale in the manufacturing of the industrial tubes in the country will drive the growth of industrial tubes market in North America. Additionally, Europe, LATAM, and the MEA markets have huge growth potential and will elevate the growth trajectory of global industrial tubes market in the coming decade.

Global Industrial Tubes Market: Competitive Players

Some of the key players in industrial tubes market are Nippon Steel & Sumitomo Metal Corporation (NSSMC) (Japan), Tenaris (Luxembourg), Sandvik AB (Sweden), Vallourec S.A. (France), and Tata Steel (India).

Global Industrial TubesMarket: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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