Galvanized Steel Tubes Market Flows in India

The galvanized steel tubes market in India is witnessing considerable growth in the process industries. The increase in the number of investments is boosting the industrial growth of the country, which is likely to drive the market.

The galvanized steel tubes market in India will grow at a CAGR (compound annual growth rate) of more than 6% during the forecast period, according to the latest report. The irrigation, process, plumbing, and construction industries are the key end-user segments of galvanized steel tubes.

The rapid growth in industrialization and development in India is the key demand driver for the galvanized steel tube products. 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. The continuously growing economy of India and industrial growth are expected to drive the market during the forecast period.

Galvanization provides resistance to mechanical damage and as such galvanized steel tubes are used in many industrial applications for the conveyance of liquid, air, and gas. Galvanized steel tube products offer high strength, formability, and recyclability.

The growth of this market will cause other construction markets to grow as well and the industry as a whole will benefit from the growth.

Posted: 5/11/2017 6:55:22 PM



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