Industrial Tubes (Process Pipes, Mechanical, Heat Exchanger, Structural) Market - Global Forecast to 2023

Thursday, 21. February 2019 17:45

Dublin, Feb. 21, 2019 (GLOBE NEWSWIRE) -- The "Industrial Tubes Market by Type (Process Pipes, Mechanical, Heat Exchanger, Structural), Material (Steel, Non-steel), Manufacturing (Seamless, Welded), End-use (Oil & Gas and Petrochemical, Automotive, Chemical), and Region - Global Forecast to 2023" report has been added to's offering.

The industrial tubes market size was USD 453,420.0 million in 2017 and is projected to reach USD 632,636.1 million by 2023, at a CAGR of 5.8% between 2018 and 2023.

Industrial tubes are the hollow cylindrical structures made up of steel, copper, nickel, aluminum, titanium, and others. They are available in various types such as process pipes, mechanical tubes, heat exchanger tubes, and structural and hydraulic tubes. The various end-use industries such as oil & gas and petrochemical, automotive, mechanical & engineering, chemical, and construction have increased the demand for these tubes for various applications, which is the main driver for the growth of the industrial tubes market.

Industrial tubes have high potential in the oil & gas and petrochemical industries as these are used as process pipes for transferring high-end liquids, high-temperature solvents, and other such liquids from one place to another. These tubes also find their application in the automotive industry, mainly for the exhaust system and motor & fuel system. The other end-use industries such as construction, mechanical & engineering, chemical, and medical have also generated lucrative opportunities for the manufacturers of industrial tubes.

This growth is attributed to their increasing demand in various end-use industries, increased production of energy & power, and effective properties and characteristics of tubes. Moreover, the increase in offshore spending and new oilfield discoveries are expected to provide new opportunities for the industrial tubes market during the forecast period.

However, the volatile price of raw materials and various regulations by governments in different countries are challenging the growth of the market. For instance, there are stringent regulations on anti-dumping duty regarding the import of industrial tubes in the European and North American countries. Therefore, these countries are currently focusing on domestic demand as the prices of these tubes are high if they are to be imported from other countries.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Tubes Market
4.2 Industrial Tubes Market, By Material
4.3 Industrial Tubes Market, By Manufacturing Method
4.4 Industrial Tubes Market, By Type
4.5 Industrial Tubes Market, By End-Use Industry
4.6 Industrial Tubes Market in APAC, By End-Use Industry and Country
4.7 Industrial Tubes Market: Major Countries

5 Macro Indicator Analysis
5.1 Macro Indicator Analysis
5.2 Real GDP Growth Rate Forecast of Major Economies
5.3 Energy Consumption Data
5.4 Crude Oil Production Data (Million Tonnes)

6 Market Overview
6.1 Introduction
6.2 Market Dynamics
6.2.1 Drivers Increasing Consumption of Steel Tubes in End-Use Industries Increasing Energy & Power Production Effective Characteristics and Properties of Industrial Tubes
6.2.2 Restraints Saturated Markets Have Less Demand for Industrial Tubes
6.2.3 Opportunities Increase in Offshore Spending and New Oilfield Discoveries
6.2.4 Challenges Volatile Prices of Raw Materials Stringent Government Regulations in Different Countries
6.3 Porter's Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Buyers
6.3.4 Bargaining Power of Suppliers
6.3.5 Intensity of Competitive Rivalry

7 Industrial Tubes Market, By Material
7.1 Introduction
7.2 Steel
7.2.1 Carbon Steel Industrial Tubes Made From Carbon Steel are in High Demand From Various End-Use Industries
7.2.2 Stainless Steel Stainless Steel Tubes Offer Excellent Chemical and Corrosion Resistance, Which Makes them Highly Suitable for Use in Various Industries
7.2.3 Alloy Steel Excellent Properties of Alloy Steel Drive Its Demand in Various End-Use Industries
7.2.4 Non-Steel Sanitary Systems, Medical Equipment, and Hvacr Systems Have A High Demand for Tubes Made From Non-Steel Materials
7.2.5 Brass

8 Industrial Tubes Market, By Manufacturing Method
8.1 Introduction
8.2 Seamless
8.2.1 Seamless Industrial Tubes are Expected to Witness High Cagr During the Forecast Period
8.3 Welded
8.3.1 Welded Industrial Tubes Dominated the Industrial Tubes Market With A Higher Market Share

9 Industrial Tubes Market, By Type
9.1 Introduction
9.2 Process Pipes
9.2.1 Growth in Upstream Expansion Projects in APAC is Expected to Drive the Demand for Process Pipes
9.3 Structural Tubes
9.3.1 Commercial Infrastructure Projects are Driving the Demand for Structural Tubes
9.4 Heat Exchanger Tubes
9.4.1 Growing Demand for Hvacr Systems is Expected to Generate A Positive Impact on the Heat Exchanger Tubes Segment
9.5 Mechanical Tubes
9.5.1 The Growth of the Automotive Industry and Increased Demand for Mechanical Machinery are Expected to Drive the Mechanical Tubes Demand
9.6 Hydraulic & Instrumentation Tubes
9.6.1 High Tensile Strength and Corrosion Resistance Properties Drive the Demand for Hydraulic & Instrumentation Tubes
9.7 Others

10 Industrial Tubes Market, By End-Use Industry
10.1 Introduction
10.2 Oil & Gas and Petrochemical Industry
10.2.1 Oil & Gas and Petrochemical Industry Leads the Industrial Tubes Market
10.3 Automotive Industry
10.3.1 Global Growth in the Automotive Industry is Driving the Demand for Industrial Tubes
10.4 Construction Industry
10.4.1 Structural Welded Tubes Have A High Demand From the Construction Industry
10.5 Mechanical & Engineering Industry
10.5.1 Rapidly Growing Industrialization Drives the Industrial Tubes Market in This Segment
10.6 Chemical
10.6.1 Expansion in the Chemical Industry is Expected to Drive the Market for Industrial Tubes
10.7 Others

11 Industrial Tubes Market, By Region

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking of Key Players
12.3 Competitive Scenario

13 Company Profiles
13.1 Nippon Steel & Sumitomo Metal Corporation
13.2 Vallourec S.A.
13.3 Sandvik AB
13.4 Tenaris
13.5 Tata Steel
13.6 Tubacex
13.7 United States Steel Corporation
13.8 Benteler
13.9 Aperam
13.10 AK Tube LLC
13.11 Other Companies
13.11.1 Acciai Speciali Terni S.P.A.
13.11.2 Kme Germany Gmbh & Co Kg
13.11.3 Wieland
13.11.4 Hutmen S.A.
13.11.5 Macsteel
13.11.6 Tubos Apolo
13.11.7 Ratnamani Metal & Tubes Ltd.
13.11.8 Jindal Saw Ltd.
13.11.9 Heavy Metals & Tubes Ltd.
13.11.10 Ssp Corporation
13.11.11 Divine Tubes Pvt. Ltd
13.11.12 Sanghvi Overseas
13.11.13 Halcor
13.11.14 Eisenbau Krmer Gmbh
13.11.15 Tmk

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