If you look back at the data, you can see the ERW tube market expanded steadily in the decade from 2010 to 2020. As well as a generally upward trajectory, there were some moments with impressive surges in demand. It’s been largely positive in the years since then too, although with some huge challenges. A new report from MRI is predicting even better times could be ahead. This is driven by a diverse array of uses in different countries. Let’s have a closer look at these regional differences and what it means for the overall market.
Regions
The APAC (Asia-Pacific) region has the largest piece of the market for ERW tubes. Much of this is because of high demand in countries like China and India. The key thing here is this is one of the biggest regions in the world when it comes to manufacturing. In fact, almost half of all manufactured products come from the region. The region has a massive workforce and become a vital part of the global economy.
With so much focus on manufacturing in the APAC region, it is not surprising that the demand for ERW tubes is very high. They are ideal for all kinds of industrial activities. Additionally, the tubing is necessary for infrastructure and urban development to support the economic activity.
Europe and North America have quite different demands to the APAC region. The focus in these regions is largely on specialised industries and modernisation. This includes aerospace, defence, and sustainable energy. As a result, while there is still high demand for ERW tube, it tends to be more specialist products such as galvanised and stainless steel variants. They also need to have the right certifications for industrial use.
Africa and the Middle East again have very different demands. These are emerging economies that are typically focusing on improving their infrastructure. ERW tubes are great for this. It could ultimately allow them to become centres for manufacturing in the future.
Finally, Latin America is also a notable region. It’s a middle ground between APAC and Africa/the Middle East. This means there is demand for ERW tubing for infrastructure and industrial applications.
The global picture
With growing demand in all regions for different applications, it’s a very positive time for ERW tube. The market landscape is diverse and dynamic. This means there are plenty of opportunities for producers.
The forecast for the market according to MRI is very good. They are estimating all of the demand could push it to a total value of $17.45bn by 2035. That would be an impressive 13.74% annual growth.
One of the best ERW tube suppliers in the UK
Union Steel Tube understands the market for steel tubing in the UK. We’ve been part of it for decades, giving clients consistent high quality tube for a number of applications. Our goal is to provide the best service, great prices, and a fast lead time. We’re also happy to offer advice and product details.
So, get in touch today if you need fantastic ERW tube. We’ve got options for most needs; choose the right shape, diameter, and finish for your project. Plus, we provide cutting services too.
