Galvanized Steel Tubes Market Dynamics, Forecast, Analysis and Supply Demand 2017-2025
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Growth in industrialization is one of the key demand drivers of the galvanized steel tubes market. Improvement in economic scenario, rapid urbanization, and expansion of industries in emerging economies such as India are expected to play a major role in driving the demand for galvanized steel tubes. Galvanized steel tubes are employed extensively in oil & gas, agriculture, and construction industries; thus, growth in these industries is anticipated to fuel the galvanized steel tubes market in the near future. Similarly, increase in the number of real estate projects is estimated to boost the demand for galvanized steel tubes.
Galvanized products increase the overall cost of the final product. Galvanized steel tubes are often found not to be used for supplying natural gas, as natural gas can cause the zinc to come off and result in blockages in the system. These are some of the factors projected to hamper the market in the next few years.
The global galvanized steel tubes market has been segmented based on application and geography. In terms of application, the market has been divided into water and sewage treatment plants, oil and gas industry, agriculture industry, conveyor industry, construction industry, airline industry, and others. Water pipes, and tubes in water and sewage treatment plants are exposed to aggressive and corrosive substances and continuous supply of water. Galvanized steel tubes are corrosion resistant, durable, and require minimal maintenance. Thus, these are employed extensively in the galvanized steel tube industry Acid-bearing fluids in the oil and gas industry can damage the tubing through which they flow during drilling operations. Therefore, galvanized steel tubes are extensively used in this industry as they help increase the strength of the tubes and prevent them from corrosion. In the airline industry, galvanized steel tubes are employed in transportation of gases and liquids through engines and fuel lines. Similarly, galvanized steel tubes are used in irrigational systems, horse trailers, farm gates, and dairy stalls in the agriculture industry. These tubes are employed in conveyor rollers in the conveyor industry. However, galvanized steel tubes are used the most in households in the form of water tubes, fences, and railing posts.
In terms of geography, the galvanized steel tubes market has been classified into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Asia Pacific is expected to hold the largest market share during the forecast period owing to economic developments in the region. Improvement in economic scenario, increase in per capita consumption, growth in infrastructure and real estate projects, and rise in industrial activities are likely to boost the market for galvanized steel tubes in the region. Asia Pacific is also projected to be the fastest growing region during the forecast period.
Prominent companies operating in the galvanized steel tubes market include Jindal Pipes (India), Tata Steel (India), APL Apollo (India), Nezone Group (India), Goodluck India (India), SWASTIK PIPE (India), and Bhushan Power & Steel (India).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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