A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Galvanized
Pipes and Tubes Market.
The study, titled “Galvanized
Pipes and Tubes Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Galvanized
pipes and tubes is 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. The galvanized pipes and tubes market can be segmented
based on application, end product, and geography.
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In
terms of application, the galvanized pipes and tubes market can be
segmented into building & construction, automotive, consumer
durables, high voltage electrical equipment, platforms, stairs,
handrails, pipe fittings, and engineering. Based on end-products, the
galvanized pipes and tubes market can be divided into bolts, nuts,
pipes and tubes, main frames, and cable support systems. The market
can be classified into five geographies: Asia-Pacific (APAC), Europe,
North America, Middle East & Africa (MEA), and South America.
Rapid
Industrialization and growth in population have boosted the sales of
home, houses, and construction expenditures. Governments of various
developing nations are focusing on infrastructural development. This
is driving the demand for galvanized pipes and tubes. Thus, this is a
driver of the galvanized pipes and tubes market. Galvanized pipes and
tubes offer various beneficial properties and characteristics. These
characteristics include corrosion resistance, rust free, and high
reliability. This is another major factors boosting the market.
Galvanized pipes and tubes are cheap; thus, they are preferred in
various constructional purposes such as residential and commercial
buildings. 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.
Decline in prices of zinc is also playing a vital role in driving the
growth of the galvanized pipes and tubes market. This trend is
persuading manufacturers to explore new business opportunities in the
galvanized pipes and tubes market. This, in turn, is boosting the
market globally. Increase in awareness and popularity of galvanized
pipes and tubes in the building & construction industry is one of
the major factors driving the market. Reduced or low maintenance cost
of galvanized pipes and tubes is another important factor boosting
the galvanized pipes and tubes market. Engineering industry is the
fastest growing end user industry segment of the galvanized pipes and
tubes market. Galvanized pipes and tubes are used in a number of
applications in the industry. Increase in demand for galvanized pipes
and tubes in emerging markets of Asia-Pacific (APAC) along with
various technological needs are acting as opportunities for the
galvanized pipes and tubes market. Usage of the latest galvanized
pipes and tubes in place of conventional pipes and tubes is also
driving the galvanized pipes and tubes market. The galvanized pipes
and tubes market is expanding significantly, led by the high growth
in construction and engineering sectors. This, in turn, is increasing
the demand for galvanized pipes and tubes. Manufacturers are
constantly focusing on product development in emerging markets in
order to expand their market share across the globe.
Geographically,
Asia-Pacific (APAC) is the largest market for galvanized pipes and
tubes. It is followed by North America. Europe is the fastest growing
market for galvanized pipes and tubes. In terms of market share, the
U.S.is the leading contributor in the region. China and India are
among the major contributors in Asia-Pacific (APAC) owing to the
large governmental investments in construction and infrastructural
projects in developing nations. This has boosted the demand for
galvanized pipes and tubes in developing countries in Asia-Pacific
(APAC).
The
galvanized pipes and tubes market is fragmented; many established
players operate in the market. Key players in the market are
primarily from Malaysia, Japan, Thailand, China, the U.S., and
Europe. Prominent players operating in the market include Borusan
Mannesmann Boru Sanayi ve Ticaret A.S. JFE steel, Arcelor Mittal,
Jindal SAW Ltd. Bao Pipes and Tubes, Gerdau, NSSMC, and POSCO Nucor.
Other prominent vendors in the market are American SpiralWeld Pipe
Company, LLC , Liaoyang Steel Tube Co., Ltd. , Hebei Iron and steel,
AK Pipes and Tubes, Ansteel, United States steel(USSC), Shagang
Group, Tata steel.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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