Industrial Tubes Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: MC24040502 | Research Suite: Report (PDF) & Market Data (Excel)
Industrial tubes are hollow cylindrical structures
made of metal (e.g. iron, stainless steel, aluminum, copper), plastics, or
composite materials etc. They are widely used across diverse industries for
various applications due to their versatility, durability, and strength. Industrial
tubes are available in a variety of shapes, sizes, and configurations to suit
specific needs and applications. They are used for manufacturing precision
tubes, capillary tubes, and boiler tubes as well. Due to the growing trend to
produce environmentally friendly products and as part of corporate social
responsibility, manufacturers are making efforts to produce ecological industrial
pipes, which will expand the scope of business in the next decade.
Industrial Tubes Market
The industrial tubes market is a fast-growing industry with a lot of potential for future growth and innovation. The global market for industrial tubes was estimated to be approximately USD 525.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% during the period 2023-2030. The industrial tubes market is driven by industrialization, urbanization infrastructure development, and growth in end-use sectors such as oil and gas, construction, automotive, aerospace, and manufacturing.
Steel pipes are widely used in industries such as oil and gas, construction, automotive, and manufacturing due to their strength and durability. Mechanical piping, process piping, hydraulic piping, and structural piping are some of the most important types of piping. Rapid industrialization, urbanization, and infrastructural development in emerging Asia Pacific economies such as China and India have increased the demand for industrial pipes in various sectors.
Notable growth is also expected in Europe and North
America during the forecast period (2023-2030). The global market is
characterized by several major players including Nippon Steel Corporation,
Vallourec S.A., Sandvik AB, Tenaris, Tata Steel, Tubacex SA, and US Steel.
Industrial Tubes Market Growth Drivers:
Infrastructure development projects that include
the construction of roads, bridges, railways, airports, and utilities are the
main drivers of demand for industrial pipes. The expansion of urban areas and
population growth require the continuous improvement and modernization of
infrastructure, which leads to an increase in the consumption of pipes in
construction and transport applications.
The expansion of manufacturing industries such as
the automotive, aerospace, mechanical, and electronic industries plays a role.
an important role. in promotion of the activity. demand for industrial pipes.
These tubes act as vital elements in manufacturing processes, facilitating the
flow of liquids, gases, and materials, and providing structural support and
integral components for machinery.
Advances in materials, manufacturing techniques,
and product design advance industrial manufacturing. tube performance,
efficiency, and longevity. The use of modern materials such as high-strength
steels, alloys, and composites results in pipes with superior properties, resulting
in products that are lighter, stronger, and more resistant to corrosion.
The oil and gas industry and renewable energy
sectors such as wind and solar. power relies heavily on industrial pipelines
for various activities, including exploration, extraction, transportation, and
distribution of energy resources. Increased investments in energy
infrastructure and research support the growth of the industrial pipes market.
Urbanization trends, particularly prevalent in
emerging economies, are creating significant demand for residential, commercial,
and infrastructure projects. Industrial pipes are widely used in various
construction applications, such as providing structural support, facilitating
ductwork and HVAC systems, and facilitating the installation of facades.
Government initiatives coupled with urban renewal projects and investments in
sustainable infrastructure will further increase the demand for industrial
pipes.
Industrial Tubes Market Segmentation:
·
By Material Type: Metals, Plastics, Ceramics, Composites, Other Material Types
·
By Tube Type: Structural Tubes, Process Pipes, Heat Exchanger Tubes, Mechanical Tubes,
Hydraulic & Instrumentation Tubes, Other Industrial Tubes
·
By Manufacturing Process Type:
Seamless Tubes, Welded Tubes, Drawn Over Mandrel (DOM)
Tubes, Electric Resistance Welded (ERW) Tubes, Extruded Tubes, Cast Tubes, and Other
Manufacturing Process Types
·
By End-User Industry: Automotive, Construction, Oil & Gas, Aerospace & Defense,
Chemicals & Petrochemicals, Energy & Power, Food & Beverage,
Pharmaceuticals, Electrical & Electronics, Agriculture, Other End-User
Industries
·
By Region: North America, Europe, Asia-Pacific, Latin America, Middle East &
Africa
Industrial Tubes Market Material Type Segment Review
Metal industrial tubes accounted for the largest
market share in 2022 among which steel tubes dominate the industrial tubes
industry due to their better mechanical properties, geometric tolerance, and
weldability. It is among the most widely used components in a variety of industrial
sectors, including construction, mining, oil and gas, and manufacturing. PVC
tubes are lightweight, corrosion-resistant, and cost-effective. They are
commonly used in plumbing, irrigation, electrical conduit systems, and fluid
transportation in industries such as construction, agriculture, and utilities.
Industrial Tubes Market Tube Type Segment Review
The heat exchanger tube segment is expected to
grow at a rapid pace during the forecast period (2023-2030). The increasing
usage of AI to control heat exchangers and monitor systems is expected to drive
the growth of this industry. Process pipes convert liquids, chemicals, fuels,
gases, and other raw materials into usable products. They are expected to
generate the most revenue throughout the forecast period (2023-2030). Rapid
industrialization in the developing countries of Asia Pacific and rising
investments in manufacturing, commercial, and industrial projects have
contributed to the growth.
Industrial Tubes Market Manufacturing Process Type Segment Review
Because seamless pipes are so widely used in oil
and gas applications such as advanced pipes, OCTG, subsea flow pipes, heat
exchange pipes, and instrumentation pipes, the seamless pipe sector is
predicted to dominate the market in the future. Moreover, throughout the
projected period (2023–2030), the chemical industry's growing use of seamless
pipes is probably going to fuel market expansion. Despite having a lower market
share than seamless steel pipes, welded steel pipes are nevertheless valuable because
of their affordability and adaptability.
Industrial Tubes Market End-User Industry Segment Review
Since steel pipes are widely used in drilling,
exploration, and transportation, the oil and gas industry dominates the steel
pipe market. In this industry, steel pipes are essential for the construction
of pipelines, oil platforms, and other infrastructure necessary to produce and
transport natural gas and oil. Steel pipes are widely used in the
infrastructure and construction industry for many purposes, including building
structures, scaffolding, and architectural components. This grade of steel pipe
is valued for its strength, adaptability, and ease of installation, making it
suitable for use in both structural and decorative applications.
Industrial Tubes Market Regional Synopsis:
Throughout the projection period (2023-2030),
Industrial Tubes is anticipated to see significant revenue growth in North
America. The two biggest income providers in the region are the United States
and Canada because of the growing use of seamless steel pipes in the automotive
industry. Sustainability and ecologically friendly production methods are
prioritized, in line with international trends and legal mandates.
This trend is also seen in Europe, where strict
laws and a focus on sustainability are driving industry expansion. The
Government of the United Kingdom projects that the world's construction output
will rise by more than 41%, from around USD 8.5 trillion tons in 2012 to USD
12.0 trillion tons in 2025. The need for premium steel tubes is also fueled by
the region's evolving automotive sector, which is centering on electric and
fuel-efficient automobiles.
A growing amount of money is being invested in oil
and gas exploration projects, which is driving the Asia-Pacific region's rapid
expansion at a CAGR of XX.X% (2023-2030), headed by nations like China and
India. The market is greatly influenced by the strong need for infrastructure
development as well as the growing emphasis on manufacturing and industrial
growth. The region's governments are making significant investments in energy,
urban development, and transportation networks, among other infrastructure
projects, which are driving up demand for steel tubes.
Important Latin American nations like Brazil,
Mexico, and Argentina are driving demand for industrial tubes with their
investments in energy, transportation, and infrastructure. The agricultural
industry in Latin America is another factor driving up demand for steel tubes,
as it needs heavy gear and equipment. The petrochemical, infrastructure
construction, and oil and gas exploration sectors propel the Middle East's
industrial tubes market. Investments in massive projects by nations like Saudi
Arabia, the United Arab Emirates, and Qatar increase demand for industrial
tubes. The Middle East is also seeing large investments in building and
infrastructure, such as transit networks and smart city developments, which is
driving up demand for steel tubes.
Industrial Tubes Market Key Challenges:
Trade rules, geopolitical conflicts, currency
volatility, and global demand-supply dynamics are some of the variables that
affect the price of raw materials. The cost of producing industrial tubes is
greatly impacted by changes in the price of raw materials including copper, aluminum,
and steel. Manufacturers that depend on imported steel or aluminum, for
instance, saw price increases as a result of tariffs or trade restrictions.
The industrial tube market is changing as a result
of the quick development of production technologies including automation,
robotics, and additive manufacturing. In the production of tubes, additive
manufacturing (3D printing) provides chances for quick prototypes, customization,
and intricate geometries. Businesses that don't use or invest in these technologies
run the danger of lagging behind rivals in terms of productivity, caliber, and
new product development. Wasted materials also frequently reduce profits
significantly due to the rising cost of steel workpieces.
Regional variations exist in regulatory
requirements, which can comprise product certifications (like ISO, CE),
environmental rules (like emissions limitations, and waste disposal), and
safety standards (like ASTM, EN). For producers of industrial tubes, according
to legal requirements and environmental rules means extra expenses and hassles.
Regulation violations carry penalties, legal ramifications, and reputational
harm.
Industrial Tubes Market Key Global Players:
The competitive landscape of the industrial tubes market
is shaped by several factors, including:
·
Companiеs with a global prеsеncе and
a dееp undеrstanding of rеgional rеgulations have significant potential to
bеttеr sеrvе multinational markеts and adapt to changing rеgulatory еnvironmеnts.
·
Continuous innovation in materials,
manufacturing processes, and product designs enables companies to meet evolving
customer demands and gain a competitive edge. Investments in research and
development (R&D) for product innovation and technological advancements are
key drivers of competitiveness in the industrial tubes market.
·
The availability and cost of raw
materials, transportation logistics, and distribution networks impact the
competitiveness of market players. Strong branding and marketing strategies have
significant potential to diffеrеntiatе a company's industrial tubes in a
crowdеd markеt.
·
Increasing demand for industrial
tubes by various end-user industries alongside rapid change in market trends,
consumer preferences, or industry regulations within these sectors are expected
to influence the competitive landscape.
·
Consolidation within thе industry
through mеrgеrs and acquisitions has significant potential to rеshapе thе
compеtitivе landscapе. Largеr companies gain a stronger markеt position through
stratеgic acquisitions.
Numerous players are vying for market share and
investing in new technologies and product development to stay ahead of the
curve in the market. Several key global players in the industrial tubes market
include:
·
TMK Group
·
Tenaris S.A.
·
Vallourec S.A.
·
JFE Steel
·
ArcelorMittal S.A.
·
Sekisui Chemical Co. Ltd.
·
Wavin B.V.
·
Nippon Steel Corporation
·
Tata Steel Limited
·
Sandvik A.B.
·
Jindal Steel and Power
·
Welspun Corp Limited
·
U.S. Steel
·
Aperam S.A.
·
Benteler International
·
Divine Tubes Pvt. Ltd.
·
Uponor Corporation
· Other Players
The report on the industrial tubes market covers
the following aspects:
·
Market Overview: A general overview
of the global industrial tubes market, including its current size and growth
projections for the future.
·
Market Segmentation: A market
breakdown by material type, tube type, manufacturing process type, end-user
industries, and geographic regions.
·
Market Dynamics: An analysis of the
key drivers, challenges, and trends affecting the growth of the industrial
tubes market.
·
Competitive Landscape: A
comprehensive analysis of the leading players in the industrial tubes market,
including their market share, product offerings, and key strategies.
·
Regional Analysis: A detailed
analysis of the industrial tubes market by geographic region, including market
size, growth projections, and key trends for each region.
·
Company Profiles: In-depth profiles
of key players in the industrial tubes market, including their business
overview, product offerings, financial performance, and recent developments.
· Market Forecast: Projections for the future growth of the industrial tubes market, including market size, growth rate, and key trends for the next five to ten years.
Attributes |
Details |
Base Year |
2022 |
Trend Period |
2020 – 2022 |
Forecast Period |
2023 – 2030 |
Pages |
215 |
By Material
Type Segment |
Metals,
Plastics, Ceramics, Composites, Other Material Types |
By Tube
Type Segment |
Structural
Tubes, Process Pipes, Heat Exchanger Tubes, Mechanical Tubes, Hydraulic &
Instrumentation Tubes, Other Industrial Tubes |
By Manufacturing
Process Segment |
Seamless
Tubes, Welded Tubes, Drawn Over Mandrel (DOM) Tubes, Electric Resistance
Welded (ERW) Tubes, Extruded Tubes, Cast Tubes, Other Manufacturing Process
Types |
By End-User
Industry Segment |
Automotive,
Construction, Oil & Gas, Aerospace & Defense, Chemicals &
Petrochemicals, Energy & Power, Food & Beverage, Pharmaceuticals,
Electrical & Electronics, Agriculture, Other End-User Industries |
Company Profiles |
TMK
Group, Tenaris S.A., Vallourec S.A., JFE Steel, ArcelorMittal S.A., Sekisui
Chemical Co. Ltd., Wavin B.V., Nippon Steel Corporation, Tata Steel Limited,
Sandvik A.B., Jindal Steel and Power, Welspun Corp Limited, U.S. Steel,
Aperam S.A., Benteler International, Divine Tubes Pvt. Ltd., Uponor
Corporation, Other Players |
Edition |
4th edition |
Publication |
April 2024 |