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Global Automotive Stainless Steel Tube Market

Global Automotive Stainless Steel Tube Market by Tube Type (Welded, and Seamless), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Medium Commercial Vehicle and Heavy Commercial Vehicle); By Steel Grade (AISI 300 Series, AISI 400 Series and Others); By Vehicle Component (Drivetrain, Fuel Injection, Engine and Transmission, Exhaust system and Others); By Tube Diameter (4 mm to 14 mm, 15 mm to 25 mm, 26 mm to 40 mm & Others), and By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)

Frequently Asked Questions (FAQ):

The global automotive stainless steel tube market is estimated to reach USD 7.05 Billion by 2030 with a CAGR of 5.03%during the forecast period of 2022-2030, and it was valued at USD 4.18 Billion in 2022.

Environmentally friendly stainless steel includes seamless pipe, industrial pipe, precision pipe, capillary tube, sanitary pipe, stainless steel welded pipe, decorative pipe, square pipe, rectangular pipe, etc. The primary use of stainless steel is the exhaust system, which accounts for more than 1/2 of the total amount of stainless steel used in automobiles, and 80% is ferritin stainless steel.

The growing vehicle demand from emerging economies is expected to boom the global automotive stainless steel tube market in the estimated period. Additionally, the increasing use of high-strength steel in automobiles across the globe leads to the growth of the global automotive stainless steel tube market. In the automobile manufacturing industry, stainless steel materials have high strength, corrosion resistance, relatively light mass, absorb energy stronger than other metal materials after impact, and good safety performance.

The Companies include Sandvik Group, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, ThyssenKrupp, Tubacex, Handytube Corporation, Plymouth Tube Company, Fischer Group, Maxim Tubes Company Pvt. Ltd., JFE Steel Corporation, ChelPipe, Penn Stainless Products Inc., Bri-Steel Manufacturing, and Centravis are the key players.

North America is expected to have the largest share in the global automotive stainless steel market.

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