Increase in construction of new pipelines for oil & gas, water and wastewater, irrigation; replacement of aging pipelines; and infrastructure development are major factors driving the global mechanical tubing market. Rise in oil & natural gas price index and increase in oil & gas exploration activities are expected to boost the demand for seamless and welded pipes in the oil & gas industry. Rise in price of steel has made purchase of steel and iron costlier for many manufacturers of mechanical tubes and pipes. Increase in prices of steel is anticipated to adversely affect the manufacturers of mechanical tubing, as they would be unable to pass on the increasing costs to customers.
Based on material, the global mechanical tubing market can be segmented into stainless steel, copper, aluminum, plastic, and others. Steel tubing is primarily made of carbon steel, galvanized steel, mild steel, and stainless steel depending upon the application. Stainless steel is largely used for tubing in the production of high-quality mufflers and exhaust pipes in the automobile industry. High strength steel tubing is used in making roll cages for off-road and extreme sports vehicles. Steel tubing is commonly employed in industrial complexes to transport water, gas, steam, oil, and hydraulic fluids under high pressure. Copper tubing offers high thermal conductivity, corrosion resistance, flexibility, and strength. Hence, it is used in piping systems to deliver hot water to taps at homes. It is also also used in natural gas and low pressure gas distribution network, HVAC ducts, solar energy systems, snow melting systems, irrigation sprinkler systems, etc. Copper tubing is the leading choice of modern contractors for the installation of plumbing, heating, and cooling systems in residential and commercial buildings, as it is economical, light in weight, formable, easy to join, safe, reliable, long lasting, and 100% recyclable.
In terms of region, the global mechanical tubing market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The mechanical tubing market in Asia Pacific is estimated to expand at a significant pace during the forecast period owing to rapid infrastructure development, urbanization, and growth in construction and architecture activities. China is the major producer, consumer, and exporter of mechanical tubing in Asia Pacific. The market in the country is projected to expand at a strong CAGR during the forecast period. The mechanical tubing market in India is also likely to expand at a substantial pace owing to the rise in demand for mechanical tubing and pipe products in the vast automotive industry in the country. North America is projected to be a significant mechanical tubing market, led by the rise in oil and gas exploration activities, which generate considerable demand for mechanical tubing and pipes.
Key players operating in the global mechanical tubing market are Zekelman Industries, Sandvik AB, Accu-Tube, Vallourec, Russel Metals, Webco Industries, Inc., Midwest Tube Mills, TimkenSteel, Earle M. Jorgensen Company, AK Steel Corporation, JFE Steel Corporation, Tenaris, Northwest Pipe Company, Maharashtra Seamless Limited, APL Apollo Tubes Limited, Mannesmann Line Pipe GmbH, APC, and Welspun Corp Ltd.
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