Major players in the industrial tubes market are Safran S. A, Honeywell Aerospace, Thales Group, L-3 Avionics System, United Technologies Corporation, GE Aviation, BAE Systems, Meggitt plc, Raytheon Technologies, Rockwell Collins Inc, Panasonic Avionics Corporation, Garmin Ltd, Universal Avionics System Corporation, Airbus SE, The Boeing Company, Cobham Limited, Curtiss-Wright Corporation, and Teledyne Technologies Incorporated.
New York, Oct. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Industrial Tubes Global Market Report 2022” – https://www.reportlinker.com/p06351355/?utm_source=GNW
The global industrial tubes market is expected to grow from $494.31 billion in 2021 to $544.15 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The industrial tubes market is expected to grow to $715.36 billion in 2026 at a CAGR of 7.1%.
The industrial tube market consists of sales of industrial tubes by entities (organizations, sole traders, partnerships) that are used for the transportation of solids and fluids.Solids and fluids are transported by industrial pipelines.
Industrial tubes convey water, gas, sewage, and other materials, as well as provide critical services to businesses such as oil and natural gas pipelines, power plants, chemical processing facilities, refineries, steel mills, and paper mills.
The main types of industrial tubs are process pipes, mechanical tubes, heat exchanger tubes, structural tubes, and hydraulic and instrumentation tubes.Process pipes refer to piping systems that carry chemicals under pressure or vacuum.
It is used to define the value of piping systems that are used in chemical processes.The industrial pipes are manufactured through the seamless and welded manufacturing process that uses several materials, such as steel and not steel.
It is employed in oil and gas and petrochemical, automotive, mechanical and engineering, construction, and other end users.
Asia Pacific was the largest region in the industrial tubes market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the industrial tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The industrial tubes market research report is one of a series of new reports that provides industrial tubs market statistics, including global industrial tubs industry market size, regional shares, competitors with an industrial tubs market share, detailed industrial tubs market segments, market trends and opportunities, and any further data you may need to thrive in the industrial tubs industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The rise in the oil and gas industry is expected to propel the growth of the industrial tubes market going forward.The oil and gas sector focuses on exploration, development, drilling, production, refining, distribution, and transportation of hydrocarbons.
The industrial tubes are designed to transport crude and refined petroleum, as well as fuels such as oil, natural gas, and biofuels, efficiently. For instance, according to the India Brand Equity Foundation, an India-based government export promotion agency, as of September 2021, India’s oil refining capacity stood at 248.9 million metric tonnes per annum (MMTPA). Also, India’s crude oil production in FY22 till January stood at 32.2 MMT. Additionally, according to the U.S. Energy Information Administration, a US-based Federal Statistical System for the energy sector, in April 2022, the crude oil production in the US stood at 348,849 barrels. Therefore, the rise in the oil and gas industry is driving the demand for the industrial tube market.
Product advancement is the key trend gaining popularity in the industrial tube market.Major companies operating in the industrial tubes market are focused on developing technologically advanced products to strengthen their market position.
For instance, in July 2021, NobelClad Europe GmbH, a Germany-based metal composite cladding company, launched DetaPipe, a high-performance clad-metal pipe product, developed for use in corrosive, high-temperature, and high-pressure industrial processing environments.A patented manufacturing process is used to combine corrosion-resistant alloys including zirconium and titanium with less expensive base metals such as carbon steel to create DetaPipe.
Compared to solid titanium or zirconium pipe, the product offers better performance and fracture toughness. DetaPipe is expected to be used in the processing of monoethylene glycol, a critical component of polyester, as well as other critical chemical compounds such as epichlorohydrin (ECH), melamine, and urea.
In December 2021, Sandvik, a Sweden-based engineering company, acquired the GWS tool group for a deal amount of $863 million.Through this acquisition, Sandvik is expected to become a fast-growing provider of made-to-order round tools with significant exposure to the general engineering and aerospace segments.
GWS Tool Group is a US-based manufacturer of industrial tubes.
The countries covered in the industrial tubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Read the full report: https://www.reportlinker.com/p06351355/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
__________________________
CFRA Research Senior Equity Analyst Angelo Zino joins Yahoo Finance Live to evaluate Snap earnings and the outlook for the social media platform.
Yahoo Finance Live anchors discuss how investors are responding to Tesla earnings and comments from CEO Elon Musk.
Pros warn there are “just as many who have lost” trying to game the strategy. Here's what you may want to do instead.
Shares of onetime cellphone giant now turned telecommunications infrastructure company Nokia (NYSE: NOK) plunged after it reported an earnings miss this morning. Analysts had forecast Nokia would earn "comparable" operating profits of 690.6 million euros ($676 million) in its fiscal third-quarter report, but Nokia reported a comparable operating profit of only 658 million euros. As of 12:35 p.m. ET, Nokia stock is down 7.8%.
Yahoo Finance's Seana Smith discusses how Snap stock and other social media stocks are moving in after hours trading.
Elon Musk took out the carrot. The CEO of Tesla tried on October 19 to reassure the electric vehicle maker's shareholders after a completely disastrous first half of October for Tesla shares. Tesla shares have lost 16.3% since September 30, which translates into a decline in market value of approximately $135 billion.
Yahoo Finance Live anchors discuss why Allstate stock is trading lower today as the insurance company faces higher expenses from claims.
Rumble (NASDAQ: RUM) was rumbling quite a bit on the market Thursday but for the wrong reason. After being fingered as a lousy stock by a pundit and divulging rather weak financials, the ambitious online video company saw its share price erode by just shy of 13% on the day. Thursday morning, Edwin Dorsey of The Bear Cave newsletter published a post entitled "Problems at Rumble."
The world's deepest and most liquid fixed-income market is "potentially one shock away from functioning challenges," said BofA strategists.
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) fell hard on Thursday, following a third-quarter earnings report that fell short of market expectations. Ericsson's stock traded 15.1% lower at 1:20 p.m. ET, having fallen as much as 19.5% earlier in the day. The Swedish maker of telecom-grade networking equipment saw Q3 sales rise 21% year over year to SEK 68 billion ($6 billion).
Alphabet's (GOOGL) third-quarter results are likely to reflect strength across the search, ad and cloud businesses. Solid momentum across Android, Meet and Waymo is expected to have been a tailwind.
It might feel tough sometimes to link the IRS with the concept of good news, but the adjustments for 2023 income tax brackets, the widely-used standard deduction and roughly 60 other inflation-indexed tax provisions might be one of those times. The large upward adjustments could create a chance to hold onto more cash when you file you 2024 tax return on next year’s income. The payout on the standard deduction is jumping 7% from 2022 to 2023, the IRS numbers show.
‘Rich Dad Poor Dad’ is sounding the alarm — again.
Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned -15.88% compared to a return of -4.88% for the S&P 500 Index and -5.62% for the Russell 1000 Value Index. In addition, please check the […]
Danaher's (DHR) Q3 results benefit from higher revenues across all segments. Organic sales rise 10%, while acquisition//divestitures boost sales by 1.5%.
Is the market truly ready for a sentiment shift? According to a recent BofA survey, there are signs the foundations for one are taking shape right now. The survey showed that the average cash level in investors' portfolios in October hit 6.3%, a level not seen since April 2001 and some way higher than the long-term average of 4.8%. So, there’s plenty of cash waiting on the sidelines and ready to be deployed. With the Fed potentially easing its monetary policy next year, BofA thinks a rally in th
Shares of Rumble (NASDAQ: RUM) — a video platform seen as a censorship-proof alternative to YouTube — plunged on Wednesday after the company filed a registration document with the Securities and Exchange Commission (SEC). As of 1 p.m. ET, Rumble stock was down 10%. Rumble officially went public on Sept. 16 when it completed its business combination with a special purpose acquisition company (SPAC).
Yahoo Finance Live looks at Snap shares as it continues to slide in the after-hours trading session.
Reddit-loving day traders are reportedly returning to their day jobs, according to the Wall Street Journal. But back in the world of high finance, professional traders have adopted one of their signature trading strategies, according to one closely followed markets guru.