Industrial Tubes Market, by Product Type (Process Pipes, Structural Tubes, Mechanical Tubes, Hydraulic & Instrumentation Tubes, Heat Exchanger Tubes, and Others), by Material (Stainless Steel, Carbon Steel, Alloy Steel, Non-Steel, and Brass), by Manufacturing Process (Welded and Seamless), by End-use Industry (Chemical, Automotive, Construction, and Oil & Gas and Petrochemicals), and by Region (North America, Europe, Latin America, Middle East & Africa, and Asia Pacific) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The hollow cylindrical structures known as industrial tubes are made up of copper, aluminum, steel, nickel, and others. They are available in various types such as mechanical tubes, process pipes, hydraulic, and structural tubes. Industrial tubes find application in various industries such as chemicals, oil & gas and petrochemicals, energy & power, automotive, and construction.

Market Dynamics:-

Significant growth in the construction sector is expected to drive growth of the industrial tubes market during the forecast period. According to the Government of U.K., the global construction output is projected to increase from around US$ 8.5 trillion in 2012 to US$ 12 trillion in 2025, witnessing a growth of over 41%.

Market Outlook:-

Asia Pacific is expected to be the largest and fastest growing market in the industrial tubes market during the forecast period. This is due to increasing investment in oil & gas exploration projects. In the oil & gas and petrochemical industry, industrial pipes are used for extraction, transportation, and processing. According to India Brand Equity Foundation, oil and gas industry of India is expected to attract US$ 25 billion investment in production by 2022 due to capacity expansion in the petrochemical & chemical industry and increase in gas exploration projects.

Key Players:-

Key players operating in the industrial tubes market include, Tata Steel, Nippon Steel & Sumitomo Metal Corporation (NSSMC), US Steel, Sandvik AB, Aperam, Vallourec S.A, Tenaris, Tubacex, Benteler, and AK Tube LLC.

Market Taxonomy:-

On the basis of product type, the global industrial tube market is segmented into:

  • Structural Tubes
  • Hydraulic and Instrumentation Tubes
  • Mechanical Tubes
  • Heat Exchanger Tubes
  • Process Pipes
  • Others

On the basis of material, the global industrial tube market is segmented into:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Non-steel
  • Brass

On the basis of manufacturing process, the global industrial tube market is segmented into:

  • Seamless
  • Welded

On the basis of end-use industry, the global industrial tube market is segmented into:

  • Automotive
  • Construction
  • Chemical
  • Oil & Gas And Petrochemicals

On the basis of region, the global industrial tube market is segmented into:

  • North America
    • U.S.
    • Mexico
    • Canada
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
  • Europe
    • Germany
    • Spain
    • U.K.
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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