Press release
Steel Tubes Market Is Projected To Increase From A Valuation Of US$ 114.8 Billion By 2032
The construction industry is the largest end-user of steel tubes, which are used in building structures, pipelines, and HVAC systems. The oil and gas industry also uses steel tubes for drilling and production operations. In addition, the automotive and industrial industries use steel tubes for various applications such as exhaust systems, heat exchangers, and hydraulic systems.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ - https://www.factmr.com/connectus/sample?flag=S&rep_id=480?PJ
The Asia-Pacific region is the largest market for steel tubes, accounting for more than 50% of the global market share in 2020, according to the same report by Fact.MR. This can be attributed to the rapid urbanization and infrastructure development in countries such as China and India. North America and Europe are also significant markets for steel tubes, driven by the demand from the oil and gas and construction industries.
Some of the key players in the steel tubes market include ArcelorMittal, Nippon Steel Corporation, Tenaris S.A., Tata Steel, and JFE Steel Corporation. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market share and meet the growing demand for steel tubes in various industries
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ :
Seamless Steel Tubes
Welded Steel Tubes
๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น :
Carbon Steel Tubes
Stainless Steel Tubes
Alloy Steel Tubes
Others
๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐๐ป๐ฑ ๐จ๐๐ฒ :
Oil & Gas
Mining
Petrochemicals
Construction
Automotive
Others
๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ ๐ผ๐ณ ๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Steel tube manufacturers are adopting advanced processes to improve the performance characteristics of steel tubes and prevent them from oxidation and rusting.
Some of the players are concentrating on fulfilling a need of particular customers. With a strong emphasis on innovations, the market has strong partnerships across the whole value chain. To meet the needs of a growing consumer base, manufacturers are striving to strategically collaborate with end users and local distributors.
For instance :
Arcelor Mittal, a Luxemburg-based steel company, completed the acquisition of Ilva S.p.A. ('Ilva'), an Italian steel company, to add to its quality assets and expand its presence in the European steel tubes market.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ
Nippon Steel & Sumitomo Metal
Nucore Corporation
Arcelor Mittal
Jindal SAW Co., Ltd.
POSCO
tata steel
Gerdau
Unsteel
bao pipe and tube
Liaoyang Steel Pipe Co., Ltd.
Sha steel group
Hebei Steel
United States Steel (USSC)
AK pipe and tube
"๐๐ฟ๐ผ๐๐ถ๐ป๐ด ๐จ๐๐ฎ๐ด๐ฒ ๐ผ๐ณ ๐ฆ๐๐ฒ๐ฒ๐น ๐ง๐๐ฏ๐ฒ๐ ๐ถ๐ป ๐ฉ๐ฎ๐ฟ๐ถ๐ผ๐๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฎ๐น ๐ฃ๐ฟ๐ผ๐ฐ๐ฒ๐๐๐ฒ๐ ๐๐ฟ๐ถ๐๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฟ๐ผ๐๐๐ต"
According to Fact.MR, a market research and competitive intelligence provider, demand for steel tubes is projected to rise at a CAGR of 2.1% from 2022 to 2032.
Steel tubes and steel pipes are among the most commonly used components in a wide range of industrial sectors, such as construction, mining, oil & gas, and manufacturing industries. Steel tubes are used in various industrial processes, such as carrying high-temperature fluids and gases, which is driving the steel pipes & tubes market growth.
Steel tubes find many applications in a wide range of industrial verticals owing to their extraordinary operational features, such as strength and longevity. Industrial infrastructures are undergoing developments, which are expected to boost demand for steel casing pipes across the world. Thereby, rapidly expanding industrial sectors worldwide are expected to boost demand for steel tubes over the coming years.
The substitution of modern steel tubes for traditional pipes and tubes is another factor fueling the growth of the steel tubes market. Due to the tremendous growth in the worldwide building, engineering, and large-scale industries, the market for steel tubes is also developing significantly. As a result, the market's demand for steel tubes is rising.
๐๐๐๐๐ผ๐บ๐ถ๐๐ฒ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฟ ๐๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐๐ผ๐น๐๐๐ถ๐ผ๐ป -https://www.factmr.com/connectus/sample?flag=RC&rep_id=480?PJ
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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