The global steel tubes market is forecast to grow at a CAGR of 6.50% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Increasing use of steel scrap will be a key trend for market growth. Countries such as India and China are increasing the use of scrap iron to reduce carbon footprint. Recycling of scrap improves the industry's economic viability and reduces the environmental impact by eliminating the need for iron ore extraction for steel production. This reduces carbon dioxide emissions significantly, saves energy and water consumption, and also reduces air pollution. On an average, - 1.787 tons' carbon dioxide is saved for each ton of scrap steel.
According to the report, increase in demand for galvanized pipes and tubes will be a key driver for market growth. By volume, the global galvanized steel market was 326.2 million metric tons in 2015 and we expect the market to reach 420 million metric tons by 2020, growing at a CAGR of 5.18%. Galvanized steel is used for construction purposes including door, sash, wall, shutter, fence, beam, column, partition, under-ceiling, car port, veranda, and store-room. The infrastructure and construction sector accounts for 38%-42% of the global galvanized steel demand.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Shanghai Baosteel
- Tata Steel
- Hebei Iron and Steel
- JFE Steel
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product form
PART 07: Market segmentation by end-user
PART 08: Geographic segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/jx2nqn/global_steel
Research and Markets
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SOURCE Research and Markets