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North America Seamless Heat Exchanger Tubing Market Worth USD 1.07 Billion by 2020

According to the new Market Research Report "North America Seamless Heat Exchanger Tubing Market By Type (Copper Alloy Tubes, Austenitic Steel Tubes, Duplex Steel Tubes, Ni-Alloy Tubes), By End User (Chemicals, Petrochemicals, HVAC & Refrigeration, Food & Beverages, Oil & Gas, Power Generation, Others), By Geography (U.S., Canada, Mexico) -Analysis & Forecast to 2020", the North America seamless heat exchanger tubing market was at USD 752.5 million in 2014 and is projected to reach USD 1.07 billion by 2020, at a CAGR of 6.0% during the forecast period 2015 to 2020.

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The North American seamless heat exchanger tubing market is a highly competitive market. This market is expected to witness growth during the forecast period, owing to increased demand for seamless heat exchanger tubes in various end user industries, such as chemicals, petrochemicals, and oil & gas, among others. Among end users, the chemicals segment led the North American seamless heat exchanger tubes market in 2014 and accounted for a market share of 28.7%. The power generation segment of North American seamless heat exchanger tubing market is projected to witness growth during the forecast period as thermal power is still a major source of energy in the North American region.  The U.S. led the North American seamless heat exchanger tubing market in 2014. The seamless heat exchanger tubing market in Mexico is expected to witness growth during the forecast period as several major industries have started outsourcing their manufacturing operations. Factors, such as increase in the usage of cost-effective welded tubes in various end user industries are expected to restrain the growth of the North American seamless heat exchanger tubes market during the forecast period.

Investments and expansions were among key strategies adopted by the leading players to strengthen their position in the North American seamless heat exchanger tubing market. Companies, associations, and end product manufacturers have been infusing high investments to carry out advancements and technological modifications in the seamless heat exchanger tubes to cater to the changing requirements of various end user industries. Austenitic and duplex steels are widely used for manufacturing seamless heat exchanger tubes as they exhibit optimum performance and are available in various grades. The seamless heat exchanger tubes made of Ni-alloys are expensive and are used in extreme applications.

Key Players of the North America Seamless Heat Exchanger Tubing Market include:  

  • Sandvik AB, 
  • VALLOUREC, 
  • JFD Tube & Coil Products, Inc., 
  • Webco Industries, Inc., 
  • TUBACEX S.A., 
  • OSTP, 
  • Penn Stainless, and 
  • Langley Alloys Ltd., among others and so on.

The North American seamless heat exchanger tubing market report covers important developments, expansions, agreements, and mergers & acquisitions adopted the key players to strengthen their position in the market.

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