-- Alloy Tubes Industry
Description
Alloy pipe is a type of seamless steel pipe; however, it’s performance is much higher than that of general seamless steel pipe, because it contains more Cr (Chromium), its high temperature resistance, low temperature resistance, corrosion resistance performance is other Steel pipe cannot match, so the alloy pipe is widely used in petroleum, aerospace, chemical, electric power, boiler, military and other industries. As per the Wise Guy Report, Global Alloy Tubes Market, valued at USD 12770 million in 2018, is expected to reach USD 18140 million by the end of 2025, growing at a CAGR of 5.1% during 2019-2025.
Key drivers of the market are:
Low Technology Barrier
Labour Intensive industry
Global Industrialization
Wide application of alloy in various industries – Petroleum, Aerospace, Medical, Food & Beverages etc.
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Market Segment:
The global Alloy Tubes market is broadly classified by Type, Application, Sales Channel and Manufacturers. By type, the market is segmented into Aluminium, Copper, Nickel and Stainless-Steel Tubes. Nickel tubes are excellent corrosion resistant in both aqueous and high-temperature conditions. Aluminium tubes are also corrosion resistant; however, they have less strength and are used in outdoor structural applications (trims, railings). Copper Alloys are used in medical, fire safety, and domestic industry.
By application, the market is split into Medical, Fire Safety, Chemical, Food & Beverage, Power Generation, Petroleum and Aerospace industry.
By sales channel, the market is split into Direct and Distribution Channel.
To determine the market segment, the report covers key players (along with top manufacturers' Alloy Tubes capacity, production, value, price and market share of Alloy Tubes in global market) – to name a few:
Jiangsu Chengde Steel Tube Share
Salzgitter Mannesmann Stainless Tubes
Plymouth Tube Company, ISMT Limited
Continental Steel & Tubes
Aesteiron Steels Private Limited
This report also studies the Global Alloy Tubes market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
Regional Analysis:
In the report, by region, the global Iron and Steel market is divided into North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Rest of Europe, Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Philippines, Malaysia, Thailand, Vietnam), Central and South America (Brazil), Rest of Central & South America, Middle East & Africa (GCC countries, Egypt, Turkey, South Africa) and Rest of Middle East and Africa.
Conclusion:
On a global scale, the Alloy Tubes market is currently showing significant development. The production of alloy tubes will increase to 4113.4 K MT in 2019 from 3364.1 K MT in 2014 with average growth rate of 4.14%. The Alloy Tubes market is experiencing a massive growth velocity due to the new product prototype versions, global market dynamics, economic statistics, topological variations, and product sales and demands that is taking place in the present day. The innovative methods and market study have helped many of the major players to enter into the market.
Continued...
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