Global Precision Tubes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Precision Tubes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The report focus on Precision Tubes market. Precision tubes available as thin wall tubes in seamless or welded redrawn condition or as seamless thick wall tubes. These tubes are used in various application industry like Automotive, HVAC & Refrigeration, Energy, Mechanical Engineering and Others etc.

Market Overview:

The latest research study on the global Precision Tubes market finds that the global Precision Tubes market reached a value of USD 45268.0 million in 2022. It’s expected that the market will achieve USD 59638.0 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.

Precision Tubes Market Challenges

Precision tube production is very energy-consuming. Some experts pointed out that the energy consumption and environmental impact of precision tube production should exceed the proportion of its output, which is a problem that can not be ignored to realize the strategic goal of green metallurgy in precision tube industry.

With the rapid development of economy, the deterioration of environmental quality, especially smog, has become a common concern of society. Precision tube industry, as a key industry of de-capacity, is also a difficult area of environmental governance. In order to consolidate the de-capacity work and continuously improve the supply-side environment of precision tube industry, environmental protection departments of various countries have intensively introduced environmental protection policies, and cancelled industry access for enterprises that fail to meet environmental protection standards.

Because environmental protection is more serious for the management of manufacturers, the degree of pollution control is deepened. Therefore, in the environment of pollution control by manufacturers, there is also a lot of technical and capital investment, which virtually increases the burden of precision tube manufacturers. Manufacturers should develop on-line normalization technology, regenerative heating furnace, and waste heat utilization of annular furnace (tube billet preheating furnace, waste heat boiler, waste heat refrigeration, etc.). In addition, attention should be paid to the treatment and comprehensive utilization of wastewater and waste acid to realize circular economy.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Golden Dragon Precise Copper Tube Group, HAILIANG, SSAB with the revenue market share of 12.44%, 10.97% and 4.10% in 2021.

Golden Dragon Precise Copper Tube Group Inc. is a leading enterprise in the field of international precise copper tube and a high-tech corporate enterprise.

In the past more than 20 years, GD Group established copper tube production bases in cities such as Xinxiang, Shanghai, Zhuhai, Chongqing, countries as Mexico and the U.S. etc relying on its technological innovation, with almost one fifth of the global production of ACR tube, makes it the world biggest precise copper tube manufacturer and the most powerful base for technological development and innovation.

Zhejiang Hailiang Co., Ltd. is devoted to the R&D, manufacture, sales and services of high-end copper products (copper pipes, rods, pipe connectors, new conductor materials and copper processing equipment, etc.). It has currently become one of the largest and most competitive copper processing enterprises in the world, the largest exporter for copper pipes and their connectors in China, and one of benchmark enterprises of refined management in copper processing. Meanwhile, long-term cooperation has been established between Hailiang and more than 800 clients in 188 countries and regions around the world. It also boasts with five manufacture bases in Zhejiang, Shanghai, Anhui, Guangzhou and Vietnam.

Segmentation Overview:

Among different product types, Seamless segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the HVAC & Refrigeration segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Precision Tubes market covered in Chapter 3:

KLT
Marcegaglia
Voestalpine
Hydro
APALT
Tata Steel
HAILIANG
Mannesmann
SSAB
Arcelormittal
Golden Dragon Precise Copper Tube Group
Chang Bao
AMETEK
Tenaris
Pennar

In Chapter 4 and Chapter 14.2, on the basis of types, the Precision Tubes market from 2018 to 2029 is primarily split into:

Seamless
Welded

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Precision Tubes market from 2018 to 2029 covers:

Automotive
HVAC & Refrigeration
Energy
Mechanical Engineering
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)