Pune, India, March 07, 2019 -- /360iResearch/ -- The report "Global Industrial Tubes Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 390.26 billion in 2017 and is projected to reach USD 533.63 billion by 2024, growing at a CAGR of 4.57% from 2017 to 2024.
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The major forces driving the growth of the industrial tubes market include the increasing application of steel tubes in end-use industries and increasing oil, energy & power production and consumption. Moreover, key characteristics and properties of industrial tubes is also one of the factors that is driving the market growth. However certain factors such as the stringent government regulations in different countries may hinder the market growth. In the middle of difficulty lies opportunity such as the increase in offshore spending and oilfield discoveries. The possible challenges for the market growth are fluctuation in the prices of raw materials, and excess production causing depletion of the high-quality raw materials. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on manufacturing method, the global industrial tubes market is studied across Seamless, and Welded. Based on material, the global industrial tubes market is studied across Alloy Steel, Brass, Carbon Steel, Non-Steel, and Stainless Steel. Based on type, the global industrial tubes market is studied across Heat Exchanger Tubes, Hydraulic & Instrumentation Tubes, Mechanical Tubes, Process Pipes, and Structural Tubes. Based on industry, the global industrial tubes market is studied across Automotive, Chemicals, Construction, Mechanical & Engineering, and Oil & Gas and Petrochemical. Based on geography, the global industrial tubes market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the industrial tubes market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Acciai Speciali Terni S.P.A., 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, Tubos Apolo, Vallourec S.A., and Wieland.
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