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Galvanized Steel Tubes Market in India: Drivers, Trends, and Challenges
The importance of steel in the modern world and its strategic importance is notably driving the galvanized steel tubes market growth in India, although factors such as shifting consumers' preference toward substitute products may impede market growth. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Galvanized Steel Tubes Market Driver in India
One of the key factors driving growth in the galvanized steel tubes market in India is the importance of steel in the modern world and its strategic importance for any industrial nation. India is one of the largest and fastest growing markets for galvanized steel tubes worldwide due to the growing industrialization and flourishing automotive industry. Easy availability of raw materials and skilled and cost-effective labor is likely to drive the galvanized steel tubes market in India. The increasing and expanding process industries such as food and beverage, paper and pulp, and chemicals are also propelling the growth of the galvanized steel tubes market in India. The consumption per capita is likely to increase due to the rising infrastructure and construction projects in roads, highway, and railways coupled with the swift growth in several industrial sectors.
Galvanized Steel Tubes Market Trend in India
The increasing application of galvanized steel tubes in the oil and gas industry is another major factor supporting the galvanized steel tubes market in India. Galvanized steel tubes are widely used in the oil and gas industry for various applications such as exploration, refining, and transportation. In the oil and gas industry, tubes that are used should be durable, mechanically strong, and thermally stable. These tubes work under harsh environmental and chemical conditions. Galvanized steel tubes are preferred due to their excellent stress crack resistance against oil and gas and various other extraordinary properties such as low permeation to hydrocarbon and methane, corrosion, and impact resistance. Galvanized steel tubes exhibit all these properties and are well suitable for applications in the oil and gas industry. The growing consumption of galvanized steel tubes in the oil and gas industry will drive the galvanized steel tubes market in the near future.
Galvanized Steel Tubes Market Challenge in India
The shifting consumers' preference toward substitute products will be a major challenge for the galvanized steel tubes market in India. The preference of the consumers and end-users is moving toward more cost-effective and competitive products. Copper tubes are often used in commercial and household applications because of their superior properties. In India, it is believed that copper tubes increase the commercial value of buildings and homes. Plastic tubes are the most competitive substitutes for galvanized steel tubes. These are lightweight and are the most commonly used type of tubes in the market. The market share for the competitive products is growing due to their various favorable features and properties. The growing demand for substitute products is likely to restrain the demand for galvanized steel tubes.
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India harbors the majority of the steel manufacturers in the world. The galvanized steel tube manufacturers are mainly dependent on steel and zinc. Due to this, most of the galvanized steel manufacturers have gone into backward integration. There are several global and regional players present in the galvanized steel tubes market in India. The intensive competition among steel manufacturers indirectly impacts the price of the product. Also, the attempt of Chinese manufacturers to enhance their market reach will further intensify the competition among vendors.
Leading vendors in the market are –
Other prominent vendors in the galvanized steel tubes market include Furuno Electric, Kelvin Hughes, Selex ES, Prosensing, and Terma.
During 2016, the irrigation industry dominated the galvanized steel tubes market and accounted for a major part of the overall market share. Factors such as the increased dependence on monsoons and lack of rivers and canals network are contributing to the dominance of this segment in the Indian market.
In this market study, analysts have estimated North India to dominate the galvanized steel tubes market in the next few years. This dominance in the market can be attributed to the exponential growth in the construction sector in the region. Also, the use of steel tubes in agriculture is further contributing to the growth of the galvanized steel tubes market in the region.
***1. Executive Summary
***2. Scope of the report
**2.1 Preface
**2.2 Market overview
**2.3 Currency conversion rates for US$
***3. Market research methodology
**3.1 Research Framework
**3.2 Information Sources
***4. Introduction
**4.1 Key market highlights
*Exhibit 01: Different types of galvanization process
**4.2 Outlook
**4.3 Key competitive products
*Exhibit 02: Competitive products for galvanized steel tubes
***5. Market landscape
**5.1 Market overview
*Exhibit 03: Galvanized steel tubes market in India
**5.2 By End-user
*Exhibit 04: Galvanized steel tubes market by end-user
**5.3 By region
*Exhibit 05: Galvanized steel tubes market in India by region
**5.4 Market size and forecast
*Exhibit 06: Galvanized steel tubes market in India 2016 and 2021 (thousand metric tons)
*Exhibit 07: Market forecast: Galvanized steel tubes market in India 2016-2021
**5.5 Five forces analysis
*Exhibit 08: Five forces analysis
***6. Market segmentation by end-user
**6.1 Galvanized steel tubes market in India by end-user
*Exhibit 09: Galvanized steel tubes market in India by end-user 2016
*Exhibit 10: Galvanized steel tubes market in India by end-user 2021
**6.2 Galvanized steel tubes market in India for irrigation industry
*6.2.1 Market size and forecast
*Exhibit 11: Galvanized steel tubes market in India for irrigation industry 2016 and 2021 (thousand metric tons)
*Exhibit 12: Market forecast: Galvanized steel tubes market in India for irrigation industry 2016-2021
**6.3 Galvanized steel tubes market in India for process industries
*6.3.1 Market size and forecast
*Exhibit 13: Galvanized steel tubes market in India for process industries 2016 and 2021 (thousand metric tons)
*Exhibit 14: Market forecast: Galvanized steel tubes market in India for process industries 2016-2021
**6.4 Galvanized steel tubes market in India for plumbing industry
*6.4.1 Market size and forecast
*Exhibit 15: Galvanized steel tubes market in India for plumbing industry 2016 and 2021 (thousand metric tons)
*Exhibit 16: Market forecast: Galvanized steel tubes market in India for plumbing industry 2016-2021
**6.5 Galvanized steel tubes market in India for construction industry
*6.5.1 Market size and forecast
*Exhibit 17: Galvanized steel tubes market in India for construction industry 2016 and 2021 (thousand metric tons)
*Exhibit 18: Market forecast: Galvanized steel tubes market in India for construction industry 2016-2021
**6.6 Galvanized steel tubes market in India for other industries
*6.6.1 Market size and forecast
*Exhibit 19: Galvanized steel tubes market in India for other industries 2016 and 2021 (thousand metric tons)
*Exhibit 20: Market forecast: Galvanized steel tubes market in India for other industries 2016-2021
***7. Regional segmentation
*Exhibit 21: Galvanized steel tubes market in India by region 2016
*Exhibit 22: Galvanized steel tubes market in India by region 2021
**7.1 Galvanized steel tubes market in North India
*7.1.1 Market size and forecast
*Exhibit 23: Galvanized steel tubes market in North India 2016 and 2021 (thousand metric tons)
*Exhibit 24: Market forecast: Galvanized steel tubes market in North India 2016-2021
**7.2 Galvanized steel tubes market in South India
*7.2.1 Market size and forecast
*Exhibit 25: Galvanized steel tubes market in South India 2016 and 2021 (thousand metric tons)
*Exhibit 26: Market forecast: Galvanized steel tubes market in South India 2016-2021
**7.3 Galvanized steel tubes market in Western India
*7.3.1 Market size and forecast
*Exhibit 27: Galvanized steel tubes market in Western India 2016 and 2021 (thousand metric tons)
*Exhibit 28: Market forecast: Galvanized steel tubes market in Western India 2016-2021
**7.4 Galvanized steel tubes market in Eastern India
*7.4.1 Market size and forecast
*Exhibit 29: Galvanized steel tubes market in Eastern India 2016 and 2021 (thousand metric tons)
*Exhibit 30: Market forecast: Galvanized steel tubes market in Eastern India 2016-2021
**7.5 Galvanized steel tubes market in Central India
*7.5.1 Market size and forecast
*Exhibit 31: Galvanized steel tubes market in Central India 2016 and 2021 (thousand metric tons)
*Exhibit 32: Market forecast: Galvanized steel tubes market in Central India 2016-2021
***8. Market drivers
**8.1 Economic growth in India
*Exhibit 33: Annual GDP growth rate in India 2011-2018 (%)
**8.2 Increase in residential projects
**8.3 Rising demand for galvanized steel tubes in industrial applications
**8.4 Growth in infrastructural developments in India
***9. Impact of drivers
*Exhibit 34: Impact of drivers
***10. Market challenges
**10.1 Shifting consumers' preference toward substitute products
**10.2 Production and application intricacies
**10.3 Stringent environmental regulations
**10.4 Volatile raw material prices
***11. Impact of drivers and challenges
*Exhibit 35: Impact of drivers and challenges
***12. Market trends
**12.1 Increasing application of galvanized steel tubes in oil and gas industry
**12.2 Increase in use of steel scrap
**12.3 Growing use of plastic tubes in plumbing segment
***13. Vendor landscape
**13.1 Competitive scenario
*Exhibit 36: Key vendors of galvanized steel tubes market in India
**13.2 Other prominent vendors
***14. Key vendor analysis
**14.1 APL Apollo
*14.1.1 Business overview
*14.1.2 APL Apollo in galvanized steel tubes sector
**14.2 Bhushan Power & Steel
*14.2.1 Business overview
*14.2.2 Geographical segmentation by revenue
*Exhibit 37: Bhushan Power & Steel: Geographical segmentation by revenue 2014
*14.2.3 Bhushan Power & Steel in galvanized steel tubes sector
**14.3 Goodluck India
*14.3.1 Business overview
*14.3.2 Business segmentation by revenue
*Exhibit 38: Goodluck India: Business segmentation by revenue 2016
*14.3.3 Goodluck India in galvanized steel tubes sector
**14.4 Jindal Pipes
*14.4.1 Business overview
*14.4.2 Jindal Pipes in galvanized steel tubes sector
**14.5 Nezone Group
*14.5.1 Business overview
*14.5.2 Nezone Group in the Galvanized steel tube sector
**14.6 SWASTIK PIPE
*14.6.1 Business overview
*14.6.2 SWASTIK PIPE in galvanized steel tubes sector
**14.7 Tata Steel
*14.7.1 Business overview
*14.7.2 Business segmentation by revenue
*Exhibit 39: Tata Steel: Business segmentation by revenue 2016
*14.7.3 Geographical segmentation by revenue
*Exhibit 40: Tata Steel: Geographical segmentation by revenue 2016
*14.7.4 Tata Steel in galvanized steel tubes sector
**14.8 Zenith Birla (India)
*14.8.1 Business overview
*14.8.2 Geographical segmentation by revenue
*Exhibit 41: Zenith Birla (India): Geographical segmentation by revenue 2016
*14.8.3 Zenith Birla (India) in galvanized steel tubes sector
***15. Appendix
Tags: galvanized steel, steel sheet, coatings, plastic manufacturers, chemicals and materials market study, metals and minerals top companies,
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