About Galvanized Steel Tubes
Galvanized pipes and tubes are the niche application segment of galvanized iron and galvanized steel pipes and tubes. It is corrosion resistant and rust-free. These galvanized pipes and tubes are made through a specific process known as galvanization. Galvanization is a method used for applying a protective coating of zinc to prevent rusting and corrosion. Galvanized pipes and tubes offer various beneficial properties and characteristics. These characteristics include corrosion resistance, rust-free, and high reliability. This is another major factor in boosting the market. Galvanized pipes and tubes are cheap; thus, they are preferred in various constructional purposes such as residential and commercial buildings. An increase in usage and cost-effectiveness of galvanized pipes and tubes in various industry-based applications is also contributing to the growth of the galvanized pipes and tubes market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Galvanized Steel Tubes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ArcelorMittal (Luxembourg), Nippon Steel Sumitomo Metal (Japan), POSCO (South Korea), Nucor (United States), United States Steel (USS) (United States), ThyssenKrupp (Germany), Severstal (Russia), JSW Steel (India), Rautaruukki (Finland) and Baosteel (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jindal Pipes (India), Tata Steel (India), APL Apollo (India), Nezone Group (India), Goodluck India (India), SWASTIK PIPE (India) and Bhushan Power & Steel (India).
Segmentation Overview
AMA Research has segmented the market of Global Galvanized Steel Tubes market by Type (Electrical Galvanized Steel Tubes and Hot-dip Galvanized Steel Tubes), Application (Irrigation Industry, Process Industry, Plumbing Industry, Construction Industry and Other) and Region.
On the basis of geography, the market of Galvanized Steel Tubes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Galvanized Steel Tubes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Galvanized steel tubes are employed extensively in oil & gas, agriculture, and construction industries and The increase in the number of real estate projects
Market Growth Drivers:
Growth in industrialization and High demand due to improvement in the economic scenario, rapid urbanization
Challenges:
Galvanized steel tubes are often found not to be used for supplying natural gas, as natural gas can cause the zinc to come off and result in blockages in the system.
Restraints:
The concern regarding increase the overall cost of the final product
Opportunities:
Upsurging demand due to expansion of industries in emerging economies such as India and Governments of various developing nations are focusing on infrastructural development
Market Leaders and their expansionary development strategies
In July 2023, Rama Steel Tubes (RSTL), a manufacturer of steel pipes, GI pipes and tubes in India, on Tuesday said that it has inked a strategic Memorandum of Understanding (MoU) with JSW Steel Group. The MoU will help facilitate procurement of Hot Rolled Coils (HRC) used in manufacturing of RSTL’s steel tubes and pipes
In July 2023, ArcelorMittal, the world’s leading steel and mining company, announces the launch of new, low carbon-emissions steel tubes; This new solution, made of XCarb recycled and renewably produced steel, has up to 75% less CO2 equivalent - one of the highest CO2 emissions reductions rates in the steel tube industry.
Key Target Audience
Galvanized Steel Tubes Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.