"Catapult Your Business to Fore, Gain Competitive Advantage "
The global industrial tubes market is expanding because of the growth in key industries and advances in infrastructure. These hollow tubes, often made from steel (carbon, stainless, or alloy), non-steel metals (aluminum or copper), plastics or composites, are used for different purposes in a wide range of industries.
Improvements in materials and how they are manufactured are playing a big role in the growing market. Thanks to advanced alloys, composites (such as carbon fibre reinforced polymers) and other similar materials designed to remain strong and rust-resistant, industrial tubes are able to perform well even in harsh weather and tough regulations.
Infrastructure Development to Expand the Market
Infrastructure development plays a big role in driving the economy. As more people live around the world and as economies develop, we keep seeing a high demand for improved and new infrastructure. Examples are residential and commercial buildings, roads, bridges, railways, airports, water supply systems, sewage systems and power grids.
Oil & Gas Industry to Advance the Market
There is a big influence from the growth of the oil & gas industry. Crude oil, natural gas and petroleum products are moved, extracted and processed with the help of many industrial tubes. Such tubes are especially built to withstand strong pressure, harmful conditions and high temperatures typical in the oil and gas industry, whether on a rig, a platform or an extensive pipeline.
High Cost of Raw Materials to Pose Potential Impediments on this Market
The key restraint of the industrial tubes market is that the price of raw materials keeps changing. Making industrial tubes involves the primary raw materials of steel (iron ore, coking coal, scrap metal), aluminum, copper and various plastic resins.
Renewable Energy Projects to Create Opportunity in this Market
Indian industrial tubes stand to benefit much with the fast-rising number of renewable energy projects. As we focus more on climate change, the amount of cash put toward solar, wind and various types of renewable energy projects is greatly increasing.
|
By Type |
By Manufacturing Method |
By Material |
By End User |
By Geography |
|
|
|
|
|
The report covers the following key insights:
By Type, the Industrial Tubes market is divided into Process Pipes, Mechanical Tubes, Heat Exchanger Tubes, Structural Tubes, Hydraulic & Instrumentation Tubes & Others (Capillary tubes, boiler tubes, precision tubes)
The increase in the process pipes segment happens due to industrial growth worldwide, more plants being created and existing facilities being updated or increased in capacity.
The growth seen in the mechanical tubes market is driven by increased manufacturing activities, more automotive production (especially for electric vehicles) and higher demands in construction activities worldwide.
Based on Manufacturing Method, the market is divided into Seamless Tubes & Welded Tubes
More industries that depend on being reliable and safe are contributing to the growth of the seamless segment.
The welded tubes market is expanding, as they are widely used in construction (for beams, scaffolding and water pipes), automotive (for car exhausts and frames), general industry, piping for water and even the lower pressure sections of the oil and gas sector (e.g., pipelines).
Based on Material, the market is divided into Steel Tubes & Non-Steel Tubes
Many end-user sectors, like oil and gas, require steel tubes for exploration, drilling and building large pipelines, so the market for them is always growing.
Because industries are paying more attention to weight, corrosion and selecting tailored materials, the non-steel tubes market is growing.
Based on End User, the market is divided into Oil & Gas and Petrochemical, Automotive, Mechanical & Engineering, Construction, Chemical & Others (Sanitary systems, water treatment, etc.)
Because of the increase in energy demand, particularly from emerging countries, and the influx of investments into both old and new oil and gas exploration and processing, reliable and high-quality tubes in the oil and gas sector are much in demand, which leads to the market’s steady growth.
Vehicle production levels and advances in technology help the automotive industry grow the industrial tubes market.
To gain extensive insights into the market, Download for Customization
Based on region, the Industrial Tubes market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The North American region has a big impact on industrial tubes because its industrial sector is advanced, its infrastructure is well-built, and energy is a major factor. The US and its oil and gas sector depend heavily on industrial tubes, further increasing the need for various kinds of tubes (e.g., copper tubes for HVAC, welded steel tubes for buildings and energy facilities) through efforts to keep updated facilities, maintain infrastructure and add new projects in renewable energy.
Because of its high focus on advanced manufacturing, secure environmental regulations and energy-saving investments, Europe greatly affects the industrial tubes market. Nations such as Germany are at the forefront of current industry and technology, requiring large amounts of carbon steel tubes for use in cars, machine construction and construction. Sustainable development and efficiency in the region are leading to the use of different tubing for alternative energy and improved building insulation (such as copper in solar and geothermal devices).
Industrial tubes are sold the most and become higher in demand in Asia Pacific, which is responsible for a considerable part of the global market. Rising industry, more infrastructure and increased demand for energy, mainly in China, India and Japan, are causing this effect. Increased investments in infrastructure, cities and manufacturing across various fields (like automotive, chemicals, oil and gas, and power generation) are behind the rising usage of industrial tubes, no matter if they are seamless or welded.
The report includes the profiles of the following key players:
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )