Asia Pacific Industrial Tubes Market Size, Share, Trends, Growth and Industry Analysis: By Industrial Tube Type, By Material, By Manufacturing, By End Users and Country Forecast 2020-2031
Asia Pacific Industrial Tubes Market size was valued at US$ 5.54 billion in 2024 and is expected to reach US$ 9.69 billion by 2031, growing at a significant CAGR of 8.3% from 2025-2031. This report studies the market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the countries and market unmet needs (Product Opportunities). Based on material the market is segmented into steel and non-steel. Steel is expected to dominate the market due to its advantages such as strength, durability, excellent chemical and corrosion resistance, and many other properties. It is widely used in the manufacturing of industrial tubes which has a wide application in the oil & gas and petrochemical, energy & power, automotive, and many other industries. The steel segment is expected to account for the highest growth rate during the forecast period due to the rapidly growing end-use industries in emerging countries such as China and India.
Development and launch of innovative industrial tubes by the market players enables surge in the industrial tubes market demand over the forecast years. For instance. In 2018, Tata Steel launched two products namely Tata Aggreto and Tata Nirman which has a wide applications in road, fly ash brick and clinker making. Moreover, Launch of newer products in various countries enables the growth of industrial tubes market over the forecast years.
Asia Pacific industrial tubes market report analyses the market in different countries of Asia Pacific. China and India accounted for major revenue share due to increased consumption of the chemical products. China and India has the highest populations among Asia Pacific. There is increased expansion of capacity in the petrochemical and chemical industry among the countries such as China and India due to increased consumption of the chemical products. North America growth is followed by Asia Pacific due to the economic growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2024 |
US$ 5.54 billion |
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Market Size in 2031 |
US$ 9.69 billion |
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By Industrial Tube Type |
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By Material |
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By Manufacturing |
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By End User |
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The Asia Pacific industrial tubes market size was valued at US$ 5.54 billion in 2024 and is projected to grow at a significant CAGR of 8.3% from 2025-2031
The report covers the market data: China, India, Japan, Australia & New Zealand
The market key players are Nippon Steel & Sumitomo Metal Corporation Vallourec S.A. Sandvik AB Tenaris Tata Steel Tubacex United States Steel Corporation Benteler Aperam, AK Tube LLC
| 1.Executive Summary |
| 2. Asia Pacific Industrial Tubes Market Introduction |
| 2.1. Asia Pacific Industrial Tubes Market - Taxonomy |
| 2.2. Asia Pacific Industrial Tubes Market - Definitions |
| 2.2.1.Industrial Tube Type |
| 2.2.2.Material |
| 2.2.3.Manufacturing |
| 2.2.4.End User |
| 2.2.5.Region |
| 3. Asia Pacific Industrial Tubes Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Asia Pacific Industrial Tubes Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Industrial Tubes Market By Industrial Tube Type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1. Process Pipes |
| 5.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Mechanical |
| 5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Heat Exchanger |
| 5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Structural |
| 5.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Asia Pacific Industrial Tubes Market By Material, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1. Steel |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Non Steel |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Asia Pacific Industrial Tubes Market By Manufacturing, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1. Seamless |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Welded |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Asia Pacific Industrial Tubes Market By End User, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1. Oil and Gas and Petrochemical |
| 8.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Automotive |
| 8.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Chemical |
| 8.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Asia Pacific Industrial Tubes Market By Region, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 9.1. China |
| 9.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. India |
| 9.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Australia and New Zealand (ANZ) |
| 9.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Japan |
| 9.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Rest of APAC |
| 9.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.China Industrial Tubes Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 10.1. Industrial Tube Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Process Pipes |
| 10.1.2.Mechanical |
| 10.1.3.Heat Exchanger |
| 10.1.4.Structural |
| 10.2. Material Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Steel |
| 10.2.2.Non Steel |
| 10.3. Manufacturing Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Seamless |
| 10.3.2.Welded |
| 10.4. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Oil and Gas and Petrochemical |
| 10.4.2.Automotive |
| 10.4.3.Chemical |
| 10.5. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.India Industrial Tubes Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 11.1. Industrial Tube Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Process Pipes |
| 11.1.2.Mechanical |
| 11.1.3.Heat Exchanger |
| 11.1.4.Structural |
| 11.2. Material Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Steel |
| 11.2.2.Non Steel |
| 11.3. Manufacturing Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Seamless |
| 11.3.2.Welded |
| 11.4. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Oil and Gas and Petrochemical |
| 11.4.2.Automotive |
| 11.4.3.Chemical |
| 11.5. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.Australia and New Zealand (ANZ) Industrial Tubes Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 12.1. Industrial Tube Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Process Pipes |
| 12.1.2.Mechanical |
| 12.1.3.Heat Exchanger |
| 12.1.4.Structural |
| 12.2. Material Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Steel |
| 12.2.2.Non Steel |
| 12.3. Manufacturing Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Seamless |
| 12.3.2.Welded |
| 12.4. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Oil and Gas and Petrochemical |
| 12.4.2.Automotive |
| 12.4.3.Chemical |
| 12.5. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.Japan Industrial Tubes Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 13.1. Industrial Tube Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Process Pipes |
| 13.1.2.Mechanical |
| 13.1.3.Heat Exchanger |
| 13.1.4.Structural |
| 13.2. Material Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Steel |
| 13.2.2.Non Steel |
| 13.3. Manufacturing Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Seamless |
| 13.3.2.Welded |
| 13.4. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Oil and Gas and Petrochemical |
| 13.4.2.Automotive |
| 13.4.3.Chemical |
| 13.5. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.Rest of APAC Industrial Tubes Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 14.1. Industrial Tube Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Process Pipes |
| 14.1.2.Mechanical |
| 14.1.3.Heat Exchanger |
| 14.1.4.Structural |
| 14.2. Material Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Steel |
| 14.2.2.Non Steel |
| 14.3. Manufacturing Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Seamless |
| 14.3.2.Welded |
| 14.4. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Oil and Gas and Petrochemical |
| 14.4.2.Automotive |
| 14.4.3.Chemical |
| 14.5. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Nippon Steel & Sumitomo Metal Corporation |
| 15.2.2.Vallourec S.A. |
| 15.2.3.Sandvik AB |
| 15.2.4.Tenaris |
| 15.2.5.Tata Steel |
| 15.2.6.Tubacex |
| 15.2.7.United States Steel Corporation |
| 15.2.8.Benteler |
| 15.2.9.Aperam |
| 15.2.10.AK Tube LLC |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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