As per the latest market research study by Technavio, the galvanized steel tubes market in India is expected to grow at a CAGR of around 6% during the forecast period 2017 to 2021.
This report by Technavio delivers an in-depth analysis of the galvanized steel tubes market in India regarding revenue and emerging market trends. The report also comprises an up-to-date analysis and forecasts for various market sections and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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Galvanized steel tubes market in India for irrigation industry: The growing demand for groundwater irrigation due to climate changes and lack of proper canal networks will fuel the growth in the galvanized steel tubes market in India. These products find applications in the irrigation systems that consists of various tubes, fittings, and water-lifting equipment. The steel tubes are used in borewell as tubing products that are used in water conveyance from the water table level to the surface level. Steel tubes form a basic component of the irrigation system and water distribution networks in India, driving the growth in this market segment.
“These tubes offer high corrosion resistance and is perfect for operating under submerged conditions. The various factors that contribute to its use include ease of water flow, ease of installation, long-term corrosion resistance, and long life span. Galvanized steel tubes are gaining immense popularity in irrigation application due to their excellent durability,” says Ajay Adhikari, a lead analyst at Technavio for research on metals and minerals.
Galvanized steel tubes market in India for process industries: The extensive use of tubing products for water, solutions, air, steam, and gas conveyance across various industries will drive the growth in this market segment. The various industries that use these solutions include oil and gas, refinery, gas processing, petrochemical industries dairy, food and beverage, water, pharmaceutical, rubber, chemical, plastics, and paper and pulp industries. These steel tubes offer high thermal resistance, corrosion resistance, chemical inertness, and superior mechanical properties, which, in turn, results in increasing demand for these products in the Indian market.
Galvanized steel tubes market in India for plumbing industry: The installation of steel tubes and fixtures in buildings for the circulation of drinkable water and elimination of water-borne wastes will fuel the growth of this market segment. These tubes are primarily used in the construction of drainage and water flow systems in the bathroom, toilet, and kitchen. The vendors are designing the size of tubes depending on the quantity of water consumed per day, some outlets, and type of applications.
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The top vendors operating in the galvanized steel tubes market in India are:
- APL Apollo
- Bhushan Power & Steel
- Goodluck India
- Jindal Pipes
- Nezone Group
- SWASTIK PIPE
- Tata Steel
- Zenith Birla (India)
The other prominent vendors in the market include JOTINDRA STEEL AND TUBES, Surya Global Steel Tubes, and UTKARSH STEEL.
A more detailed analysis is available in the Technavio report titled, ‘Galvanized Steel Tubes Market In India 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Steel Long Products Market 2017-2021
- Global Galvanized Steel Market 2016-2020
- Global Zinc Market 2016-2020
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