Asia Pacific stainless steel and tube market is expected to register significant growth in the coming years due to being the prime end-users of stainless steel products. The continuous developments in infrastructure, as well as the changes in the oil & gas sector, are the reasons for fuelling growth in the region. Additionally, the prices of steel are highly volatile. Therefore, any sharp changes in the price of steel can lead to operating loss for its producers. Moreover, the recent Covid-19 pandemic has adversely affected Asia Pacific stainless steel pipe and tube market. The recent lockdown in all Asia Pacific countries has resulted in the closing of several manufacturing plants leading to a downfall in the industry for a short period.
According to 6Wresearch, Asia Pacific (APAC) Stainless Steel Pipe And Tube Market size is anticipated to register growth during 2020-26. China, India and Japan are the fastest growing stainless steel pipe and tube market in this region. The key factor behind the rapid growth is the continuous infrastructure development due to the massive population residing in these countries. Also, with an increase in vehicle demand, petrochemical plants as well a rise in gas pipelines, the growth of the stainless steel pipe and tube market in these countries are on the spur. For instance, in India, the change to BS-VI vehicles by 2020 is pushing the growth of stainless steel usage in both the automobile and oil & gas sector. Additionally, the anti-dumping duty levied on the import of stainless steel products from China is boosting domestic production in India. Further, China and India remain the top stainless steel pipe and tube producing countries in Asia Pacific region. Moreover, China, South Korea and Japan are the top exporters in this market. Some of the recent M&A activity in this market is Templar Investments, a Mauritius based company buying Jindal Shadeed Iron & Steel, Oman for more than US $1 billion and China largest steelmaker, The Baowu Steel Group acquiring 51% controlling stake in the Taiyuan Iron & Steel Group (Tisco), the second-largest steel producing company in China.
Asia Pacific stainless steel pipe and tube market looks favourable with opportunities in the oil & gas, automotive and civil construction industries. According to the product type, the stainless steel pipe and tube market are divided into two groups mainly Seamless pipes & tubes and Welded pipes & tubes. Whereas, based on the application the stainless steel pipe and tube market are divided into various categories including oil & gas, food industry, automotive, power industry, chemical industry, civil construction, water & waste treatment and others. Some of the key global market players are Nippon Steel & Sumitomo Metal (NSSMC), Pohang Iron & Steel (POSCO), Tata Steel, Taiyuan Iron & Steel Group (Tisco), Chinh Dai Industrial Company Ltd., China Baowu Steel Group Corp., Ltd., Hesteel Group Company Limited, Jiangsu Shagang Group Company Limited, Anshan Iron and Steel Group Corporation (Ansteel Group), Shougang Corporation, Shandong Iron and Steel Group Co Ltd, Maanshan Iron & Steel Company Limited, Jianlong Steel, JFE Holdings, Inc., Steel Authority of India Limited (SAIL), Jindal Steel and Power Limited (JSPL), Hyundai Steel Co., Ltd.
Asia Pacific stainless steel pipe and tube market report thoroughly covers the market by product type, applications and key countries including China, India, Japan, Australia, Indonesia, South Korea and the rest of Asia Pacific. Asia Pacific stainless steel pipe and tube market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific stainless steel pipe and tube market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights
- Asia Pacific Stainless Steel Pipe and Tube Market Outlook
- Asia Pacific Stainless Steel Pipe and Tube Market Overview
- Asia Pacific Stainless Steel Pipe and Tube Market Forecast
- Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Stainless Steel Pipe and Tube Market Revenues until 2026
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Types
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Stainless Steel Pipe and Tube Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Stainless Steel Pipe and Tube Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Stainless Steel Pipe and Tube Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Stainless Steel Pipe and Tube Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Stainless Steel Pipe and Tube Market
- Market Drivers and Restraints
- Asia Pacific Stainless Steel Pipe and Tube Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Asia Pacific Stainless Steel Pipe and Tube Market Share, By Players
- Competitive Benchmarking
Markets Covered
The report provides a detailed analysis of the following market segments:
- By Product Type:
- Seamless
- Welded
- By Application:
- Oil & Gas
- Food Industry
- Automotive
- Power
- Chemical
- Construction
- Others
- By Countries:
- Japan
- India
- China
- South Korea
- Rest of Asia Pacific
