INDUSTRIAL TUBES MARKET ANALYSIS

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, 2022-2028

Key Developments:-

In 2016, APL Apollo Tubes Ltd. (India based manufacturer of steel tubes) expanded its four manufacturing facilities located in Bengaluru (Tamil Nadu), Hosur (Tamil Nadu), Secunderabad (Telangana) and Murbad (Maharashtra). After expansion, company’s total production capacity has reached one million ton per year.
In August 2019, Van Leeuwen Pipe and Tube Group (Netherlands based distributor of steel pipes, valves, and fittings) acquired BENTELER Distribution. BENTELER Distribution is a distributor of carbon and stainless steel tubes, offering products to automotive, mechanical engineering, energy, ship building and construction industries. The acquisition will help Van Leeuwen to expand its presence specially in Switzerland, Scandinavia, Germany, and Central Europe.
In January 2020, Tenaris S.A. acquired IPSCO Tubulars, Inc. (U.S. based manufacturer of steel pipe). The acquisition will help Tenaris to expand its presence in U.S.