Feb 22, 2019   SOURCE: BusinessWire

2019 Analysis on the Global Industrial Tubes Market by Type, Material, Manufacturing, End-use and Region, 2018 to 2023 - ResearchAndMarkets.com

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 ResearchAndMarkets.com's offering.

The industrial tubes market is estimated to be USD 478 billion in 2018 and is projected to reach USD 632.6 billion by 2023, at a CAGR of 5.8%.

Majority of industrial tubes are consumed in the oil & gas and petrochemical, construction, and automotive industries. Capacity expansion in these industries creates the demand for industrial tubes. Growth in automobile production in North America and APAC is favorable for the industrial tubes market.

The growth in the construction industry will have a favorable impact on the growth of the industrial tubes market. The global construction output is expected to grow by 85% to reach USD 15.5 trillion by 2030. China, the US, and India, three major countries, are expected to contribute more than 50% to the overall growth of the construction industry due to the economic growth in these economies. This overall growth in the end-use industries is expected to drive the industrial tubes market.

The oil & gas and petrochemical industry segment accounted for the largest market share

The oil & gas and petrochemical industry accounted for the largest market share in the industrial tubes market. In the oil & gas and petrochemical industry, process pipes are mainly used for transportation, extraction, and processing. These tubes are made from steel, which is suitable for handling the aggressive environments in the oil & gas wells sour from hydrogen sulfide, carbon dioxide, and other chemicals.

In this industry, casing and boring tubes are used, which are generally 9 m long. This industry has a high consumption rate of tubes owing to its challenging operations, which make this industry a prominent consumer of industrial tubes. This scenario has led the oil & gas and petrochemical industry to become the largest consumer of industrial tubes.

APAC is the largest and projected to be the fastest-growing industrial tubes market

APAC is estimated to account for the largest share of the industrial tubes market in 2018, owing to the rapidly growing expansion in petrochemical, chemical, automotive, and construction industries, which creates demand for industrial tubes. APAC is the largest consumer of oil & gas and petrochemical, chemical, and automotive products owing to its large demographics.

The APAC region is expected to generate two-thirds of the global petrochemical products demand over the next decade. Robust coal-to-gas switch policies across China and India are expected to boost the demand for natural gas. APAC's natural gas demand is expected to increase by 60% by 2030 to reach 337 million tons per year. This scenario in the region is favorable for the growth of the industrial tubes market during the forecast period.

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Unit Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Estimation

2.3 Data Triangulation

2.4 Assumptions

2.5 Limitations

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

6.2.1.1 Increasing Consumption of Steel Tubes in End-Use Industries

6.2.1.2 Increasing Energy & Power Production

6.2.1.3 Effective Characteristics and Properties of Industrial Tubes

6.2.2 Restraints

6.2.2.1 Saturated Markets Have Less Demand for Industrial Tubes

6.2.3 Opportunities

6.2.3.1 Increase in Offshore Spending and New Oilfield Discoveries

6.2.4 Challenges

6.2.4.1 Volatile Prices of Raw Materials

6.2.4.2 Stringent Government Regulations in Different Countries

7 Industrial Tubes Market, By Material

7.1 Introduction

7.2 Steel

8 Industrial Tubes Market, By Manufacturing Method

8.1 Introduction

8.2 Seamless

8.3 Welded

9 Industrial Tubes Market, By Type

9.1 Introduction

9.2 Process Pipes

9.3 Structural Tubes

9.4 Heat Exchanger Tubes

9.5 Mechanical Tubes

9.6 Hydraulic & Instrumentation Tubes

9.7 Others

10 Industrial Tubes Market, By End-Use Industry

10.1 Introduction

10.2 Oil & Gas and Petrochemical Industry

10.3 Automotive Industry

10.4 Construction Industry

10.5 Mechanical & Engineering Industry

10.6 Chemical

10.7 Others

11 Industrial Tubes Market, By Region

11.1 Introduction

11.2 North America

11.3 APAC

11.4 Europe

11.5 Middle East & Africa

11.6 South America

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 Kramer GmbH

13.11.15 TMK

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