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

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

A thin wall tube refers to a hollow, open-ended, cylindrical member whose diameter and length are much larger than its wall thickness. The difference between a thin wall and a regular wall is the thickness of the tubing. The thickness does not impact the outside wall or the diameter the wall thickness can impact the inner diameter, while the inner diameter of thin wall tubes is usually larger than that of ordinary walled tubes. The structure of thin wall tubing revolves around its thickness. Moreover, thin wall tubes can be fabricated from metals such as stainless steel, aluminum, steel, copper, and brass, as well as plastics including polyvinyl chloride (PVC), PTFE (Polytetrafluoroethylene), nylon, and polyethylene terephthalate (PET). This report only studies the thin wall tubes made of steel and other metal material.

Market Overview:

The latest research study on the global Thin Wall Tube market finds that the global Thin Wall Tube market reached a value of USD 12876.86 million in 2022. It’s expected that the market will achieve USD 14907.02 million by 2028, exhibiting a CAGR of 2.47% during the forecast period.

Russia and Ukraine Wars affect the upstream industry of the Thin Wall Tube market. The war in Ukraine and the sanctions against Russia have hit the rubber processing industries hard. Numerous supply chains have been cut off and it is unclear if and when the situation will return to normal. Moreover, due to fast increasing prices of metals including Zink, Copper, Brass, and Nickel and daily fluctuation in the prices of basic raw materials used in manufacturing stainless steel due to present war between Russia and Ukraine the prominent suppliers of metals in world in which Russia alone holding over 8% share besides huge quantity of metals raw material being supplies from other affected European countries has been adversely affected steel industry as well as units manufacturing steel components in Haryana state especially at Jagadhari known as a hub for manufacturing utensils and other metal products having more than a thousand units in the town supplying goods in India as well as all export markets across the world.

Benefits of using thin wall stainless steel tubes

There are many benefits associated with using thin wall stainless steel tubes. The use of thin wall stainless steel tubes has risen since the 90s of the 20th century. In recent years, thin-wall stainless steel tube has become the most ideal product for construction and drinking water supply. As the demands for pipelines of construction water supply and drinking water supply are rapidly increasing, the market prospect of the thin-wall stainless steel tube is quite optimistic. In order to promote the thin wall stainless steel pipe, the welded stainless steel pipe manufacturers are making every effort to reduce the wall thickness and the costs of manufacturing the tubes.

Wide application of thin wall tube

Thin wall tube is becoming increasingly used in various industries which require precise measurements including medical, for applications such as catheter systems, lab equipment, and surgical instruments and diagnostic equipment; industrial manufacturing, for chemical and solvent processing; automotive, for fuel lines, bundling, color coding, and wire harnessing and other engine and fuel processes.

Fluctuations in raw material prices

Fluctuations in the price, availability and quality of the commodities, raw materials and components used in manufacturing thin wall tube products could have an adverse effect on costs of sales, profitability and the ability to meet customers' demand.

Technology advancement

One of the most important innovations in manufacturing is additive manufacturing (AM or 3D printing), which is likely to have a profound effect on process tubing. Laser additive manufacturing (LAM) technology, capable of producing any precise metal products, offers a valuable opportunity for fabricating thin wall metal tubes by controlling the widths of the deposited tracks and their hatch spacing. For instance, the ultra-thin plate can be prepared by the LAM when the deposited tracks are only superposed along the building direction. Thus, the LAM technology can dramatically simplify the production process of thin-walled metal tubes compared with traditional manufacturing methods.

May 12th, 2022- Marcegaglia UK LTD completes the acquisition of precision steel tube manufacturing assets from Liberty Precision Tubes Limited at its Oldbury site in the West Midlands.

17 Jan 2020-Salzgitter AG has expanded its European distribution network with the takeover of Statendam Steel Plates B.V. in the Netherlands.

Region Overview:

China dominated the Thin Wall Tube market in 2021, with a market share of 31.72%

Company Overview:

Salzgitter
Salzgitter AG is a German company, one of the largest steel producers in Europe. With over 100 subsidiaries and associated companies, the Group is structured in five divisions – Steel, Trading, Tubes, Services and Technology – under the umbrella of a management holding company. The group's principal activity is to manufacture steel and associated products. The products include heavy profile steel sheets, hot-rolled wide strips and steel strips, heavy and medium weight plates, sheet steel, and trapezoidal sheeting.

JFE Steel Corporation

JFE Steel is the second largest Japanese steel manufacturer. The company was created in 2002 through the merger of the steel manufacturing business of Kawasaki Steel and NKK (Nihon Kokan). It is owned by JFE Holdings, which is listed on the Tokyo Stock Exchange.

Baoyin Special Steel Tube

Baoyin Special Steel Pipe Co., Ltd., formerly known as Yixing Precision Steel Pipe Factory, was established in 1991. The company integrates the resource advantages of central enterprises and the flexible system and mechanism of private enterprises. It is a national high-tech enterprise specializing in the research and development and manufacture of special pipes in nuclear power, thermal power, petrochemical, rail transit, aerospace, military and other fields.

Segmentation Overview:

Steel Material
Among thin wall steel tubes, carbon steel, low alloy steel, alloy steel thin wall tube is suitable for general structure and mechanical structural parts; thin wall fluid steel tube is used for conveying general fluid; stainless steel thin wall tube is used for chemical, petroleum, light industry, food, mechanical instrument, etc. Industrial heat-resistant containers, conveying pipes, and mechanical structural parts.

Metallic Material

Metallic material thin wall tubes refer to thin wall tubes fabricated from metals such as aluminum, copper, titanium, and brass, etc. Metallic material thin wall tubes are made of different metal alloy and high strength metal, which is not easy to break or deform.

Among different product types, Steel Material segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Automotive
Thin wall tube plays a major role in automotive manufacturing procedures. They aid petroleum coating, pushing, color symmetry, and wiring treatment in the automobile industry.

Aerospace

Thin wall tubes are deployed in the engines and airframes of both commercial and military aircraft. Thin wall tubes are used to actuate flight control surfaces such as flaps and slats and are also crucial components in landing gear and brakes.

Energy

Thin wall tubes can be used in nuclear power, electric power and other energy industries. Thin wall tubes are ideal for the fabrication of condenser tubes. Designed specifically for the role condenser tubes play in the heating, cooling, or reheating of fluids and gases, thin wall tubes are commonly used in thermal and nuclear power stations, etc.

Mechanical

The bending properties of the tube allow it in many flexible applications in the industrial mechanical field. It is imperative that they are a part of many machines and petrol-related procedures.

Medical

The reason thin wall tubing needs to the very precise in the medical field is because of the complexity of operations that need performance. They are a common part of equipment like catheters, lab instruments, and even in some surgery tools. Furthermore, they are also part of many diagnostic devices that help in detecting different diseases in different people.

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Thin Wall Tube market covered in Chapter 3:

Valmont Tubing
Hydro
Alleima
Eagle Stainless Tube & Fabrication
Liwan Precision Tube Manufacturing
JFE Steel Corporation
Nippon Steel Corporation
ArcelorMittal
SSAB
JiuLi
Mubea
Tata Steel
Wujin
Gonvarri Industries
AMETEK
KLT Group
voestalpine
Marcegaglia
Salzgitter
Baoyin Special Steel Tube

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

Steel Material
Metallic Material

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Thin Wall Tube market from 2018 to 2029 covers:

Automotive
Aerospace
Energy
Mechanical
Medical

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)