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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

  • ID: 4753293
  • Report
  • February 2019
  • Region: Global
  • 134 Pages
  • Markets and Markets
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The Industrial Tubes Market is Estimated to be USD 478.0 Billion in 2018 and is Projected to Reach USD 632.6 Billion by 2023, at a CAGR of 5.8%

FEATURED COMPANIES

  • AK Tube LLC
  • Divine Tubes Pvt. Ltd
  • Heavy Metals & Tubes Ltd.
  • Kme Germany Gmbh & Co Kg
  • Sanghvi Overseas
  • Tenaris
  • MORE

The growth in end-use industries is expected to drive the industrial tubes market.

The industrial tubes market is estimated to be USD 478.0 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.

Extensive primary interviews were conducted in the process of determining and verifying sizes of several segments and sub-segments of the industrial tubes market gathered through secondary research.

The break-up of primary interviews has been given below.

  • By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
  • By Designation: C Level Executives - 31%, Director Level - 15%, Others - 54%
  • By Region: North America - 15%, Europe - 23%, APAC - 39%, South America - 8%, Middle East & Africa - 15%

The key companies profiled in this report on the industrial tubes market include Nippon Steel & Sumitomo Metal Corporation (NSSMC) (Japan), Vallourec S.A. (France), Sandvik AB (Sweden), Tenaris (Luxembourg), Tata Steel (India), Tubacex (Spain), US Steel (US), Benteler (Germany), Aperam (Luxembourg), and AK Tube LLC (US).

Research Coverage

The industrial tubes market has been segmented based on type, material, manufacturing method, end-use industry, and region. This report covers the industrial tubes market and forecasts its market size until 2023. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the industrial tubes market. The report also provides insights into the driving and restraining factors in the industrial tubes market along with opportunities and challenges across these industries. The report also includes profiles for top manufacturers in the industrial tubes market.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants in the following ways:

  • This report segments the industrial tubes market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
  • This report is expected to help stakeholders understand the pulse of the industrial tubes market and provide information on key market drivers, restraints, challenges, and opportunities influencing the growth of the market.
  • This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the industrial tubes market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies such as new product launch, merger, joint venture, supply contract, expansion, and acquisition.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AK Tube LLC
  • Divine Tubes Pvt. Ltd
  • Heavy Metals & Tubes Ltd.
  • Kme Germany Gmbh & Co Kg
  • Sanghvi Overseas
  • Tenaris
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
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
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
7.2.1.1 Industrial Tubes Made From Carbon Steel are in High Demand From Various End-Use Industries
7.2.2 Stainless Steel
7.2.2.1 Stainless Steel Tubes Offer Excellent Chemical and Corrosion Resistance, Which Makes them Highly Suitable for Use in Various Industries
7.2.3 Alloy Steel
7.2.3.1 Excellent Properties of Alloy Steel Drive Its Demand in Various End-Use Industries
7.2.4 Non-Steel
7.2.4.1 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
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Rapid Expansion in the Oil & Gas and Petrochemical Industry is A Major Boost for the Us Industrial Tubes Market
11.2.2 Canada
11.2.2.1 The Automotive Industry is Among the Major Drivers for the Market Growth in the Country
11.2.3 Mexico
11.2.3.1 Presence of Leading Global Automobile Manufacturers Helps in the Industrial Tubes Market Growth
11.3 APAC
11.3.1 China
11.3.1.1 Expansion of Oil & Gas Industry and Continued Growth of Chemical Industry are Likely to Boost the Market
11.3.2 India
11.3.2.1 Significant Growth in All the Major End-Use Industries of Industrial Tubes is Propelling the Market
11.3.3 South Korea
11.3.3.1 Demand for Industrial Tubes in the Country is Driven By Growing Regional Exports From the Petroleum and Chemical Industries
11.3.4 Japan
11.3.4.1 Presence of Established Automotive and Chemical Industries is Favorable for the Industrial Tubes Market Growth in Japan
11.3.5 Rest of APAC
11.4 Europe
11.4.1 Germany
11.4.1.1 The Automobile and Chemical Industries Drive the Industrial Tubes Market in Germany
11.4.2 UK
11.4.2.1 Growth in Exploration Spending and Development of Identified Crude Oil Basins are Expected to Drive the Industrial Tubes Demand
11.4.3 Spain
11.4.3.1 Presence of A Well-Established Automotive Industry Supports the Industrial Tubes Market Growth in Spain
11.4.4 Italy
11.4.4.1 High Growth of the Automotive Industry is Likely to Propel the Market in Italy
11.4.5 Russia
11.4.5.1 Expansion in the Oil & Gas Industry is Expected to Drive the Demand for Industrial Tubes
11.4.6 Rest of Europe
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.1.1 Growing End-Use Industries of Industrial Tubes in Saudi Arabia Provide A Boost to the Market
11.5.2 South Africa
11.5.2.1 Construction and Automotive Industries are the Major Drivers for the Country’s Industrial Tubes Market
11.5.3 Rest of Middle East & Africa
11.6 South America
11.6.1 Brazil
11.6.1.1 Huge Growth in Automotive Production is Expected to Drive the Industrial Tubes Market
11.6.2 Rest of South America

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking of Key Players
12.3 Competitive Scenario
12.3.1 New Product Launch
12.3.2 Expansion
12.3.3 Supply Contract
12.3.4 Acquisition, Joint Venture, and Merger

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 Krämer Gmbh
13.11.15 Tmk

14 Appendix
14.1 Insights From Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables
Table 1 Forecast of Real GDP Growth Rates, 2016-2023 (Annual Percent Change)
Table 2 Industrial Tube Market Size, By Material, 2016-2023 (Kiloton)
Table 3 Industrial Tubes Market Size, By Material, 2016-2023 (USD Million)
Table 4 Industrial Tubes Market Size, By Type, 2016-2023 (Kiloton)
Table 5 Industrial Tubes Market Size, By Type, 2016-2023 (USD Million)
Table 6 Industrial Tubes Market Size, By Type, 2018-2023 (Kiloton)
Table 7 Industrial Tubes Market Size, By Type, 2018-2023 (USD Million)
Table 8 Industrial Tubes Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 9 Industrial Tubes Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 10 Industrial Tubes Market Size, By Region, 2016-2023 (Kiloton)
Table 11 Industrial Tubes Market Size, By Region, 2016-2023 (USD Million)
Table 12 North America: By Market Size, By Country, 2016-2023 (Kiloton)
Table 13 North America: By Market Size, By Country, 2016-2023 (USD Million)
Table 14 North America: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 15 North America: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 16 US: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 17 US: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 18 Canada: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 19 Canada: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 20 Mexico: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 21 Mexico: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 22 APAC: By Market Size, By Country, 2016-2023 (Kiloton)
Table 23 APAC: By Market Size, By Country, 2016-2023 (USD Million)
Table 24 APAC: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 25 APAC: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 26 China: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 27 China: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 28 India: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 29 India: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 30 South Korea: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 31 South Korea: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 32 Japan: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 33 Japan: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 34 Rest of APAC: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 35 Rest of APAC: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 36 Europe: By Market Size, By Country, 2016-2023 (Kiloton)
Table 37 Europe: By Market Size, By Country, 2016-2023 (USD Million)
Table 38 Europe: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 39 Europe: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 40 Germany: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 41 Germany By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 42 UK: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 43 UK: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 44 Spain: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 45 Spain: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 46 Italy: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 47 Italy: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 48 Russia: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 49 Russia: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 50 Rest of Europe: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 51 Rest of Europe: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 52 Middle East & Africa: By Market Size, By Country, 2016-2023 (Kiloton)
Table 53 Middle East & Africa: By Market Size, By Country, 2016-2023 (USD Million)
Table 54 Middle East & Africa: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 55 Middle East & Africa: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 56 Saudi Arabia: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 57 Saudi Arabia: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 58 South Africa: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 59 South Africa: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 60 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 61 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 62 South America: By Market Size, By Country, 2016-2023 (Kiloton)
Table 63 South America: By Market Size, By Country, 2016-2023 (USD Million)
Table 64 South America: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 65 South America: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 66 Brazil: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 67 Brazil: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 68 Rest of South America: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 69 Rest of South America: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 70 New Product Launch, 2015-2018
Table 71 Expansion, 2015-2018
Table 72 Supply Contract, 2015-2018
Table 73 Acquisition, Joint Venture, and Merger, 2015-2018

List of Figures
Figure 1 Industrial Tubes Market Segmentation
Figure 2 Industrial Tubes Market: Research Design
Figure 3 Steel Segment Accounted for the Larger Share in the Industrial Tubes Market in 2017
Figure 4 Welded Manufacturing Method to Dominate the Industrial Tubes Market During the Forecast Period
Figure 5 Process Pipes to Witness the Highest Cagr in the Industrial Tubes Market
Figure 6 Oil & Gas and Petrochemical End-Use Industry to Account for the Largest Market Size During the Forecast Period
Figure 7 APAC is the Largest and Projected to Be the Fastest-Growing Industrial Tubes Market, By Region
Figure 8 Growth in the Construction Industry to Drive the Demand for Industrial Tubes
Figure 9 Steel to Be the Larger Segment of the Industrial Tubes Market During the Forecast Period
Figure 10 Welded Manufacturing Method to Capture the Larger Share in the Industrial Tubes Market During the Forecast Period
Figure 11 Process Pipes to Be the Largest Type of Industrial Tubes, 2018 vs. 2023
Figure 12 Oil & Gas and Petrochemical to Be the Largest End-Use Industry of Industrial Tubes
Figure 13 Oil & Gas and Petrochemical and China Accounted for the Largest Share in the Industrial Tubes Market in 2017
Figure 14 India to Grow at the Highest Rate During the Forecast Period
Figure 15 Drivers, Restraints, Opportunities, and Challenges: Industrial Tubes Market
Figure 16 Porter’s Five Forces Analysis: Industrial Tubes Market
Figure 17 Steel Segment to Dominate the Industrial Tubes Market in 2018
Figure 18 Welded Tubes to Dominate the Industrial Tubes Market, 2016-2023
Figure 19 Process Pipes Segment to Lead the Industrial Tubes Market
Figure 20 Oil & Gas and Petrochemical Industry to Dominate the Industrial Tubes Market
Figure 21 APAC Emerging as New Hotspot in Industrial Tubes Market
Figure 22 North America: Industrial Tubes Market Snapshot
Figure 23 APAC: Industrial Tubes Market Snapshot
Figure 24 Europe: Industrial Tubes Market Snapshot
Figure 25 Companies Adopted Expansion as the Key Growth Strategy Between 2015 and 2018
Figure 26 Ranking of Key Industrial Tubes Manufacturers in 2017
Figure 27 Nippon Steel & Sumitomo Metal Corporation: Company Snapshot
Figure 28 Nippon Steel & Sumitomo Metal Corporation: SWOT Analysis
Figure 29 Vallourec: Company Snapshot
Figure 30 Vallourec: SWOT Analysis
Figure 31 Sandvik: Company Snapshot
Figure 32 Sandvik: SWOT Analysis
Figure 33 Tenaris: Company Snapshot
Figure 34 Tenaris: SWOT Analysis
Figure 35 Tata Steel: Company Snapshot
Figure 36 Tata Steel: SWOT Analysis
Figure 37 Tubacex: Company Snapshot
Figure 38 United State Steel Corporation: Company Snapshot
Figure 39 Benteler: Company Snapshot
Figure 40 Aperam: Company Snapshot

Note: Product cover images may vary from those shown
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  • Acciai Speciali Terni S.P.A.
  • AK Tube LLC
  • Aperam
  • Benteler
  • Divine Tubes Pvt. Ltd
  • Eisenbau Krämer Gmbh
  • Halcor
  • Heavy Metals & Tubes Ltd.
  • Hutmen S.A.
  • Jindal Saw Ltd.
  • Kme Germany Gmbh & Co Kg
  • Macsteel
  • Nippon Steel & Sumitomo Metal Corporation
  • Ratnamani Metal & Tubes Ltd.
  • Sandvik AB
  • Sanghvi Overseas
  • Ssp Corporation
  • Tata Steel
  • Tenaris
  • Tmk
  • Tubacex
  • Tubos Apolo
  • United States Steel Corporation
  • Vallourec S.A.
  • Wieland
Note: Product cover images may vary from those shown
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