Chemical Industry - Market Research Report

The global automotive stainless steel tube market is projected to reach USD 4.72 million by 2024, according to a new report by Radiant insights, inc. Growing automotive industry is projected to be the biggest driver of this market over the forecast period. The market is segmented on the basis of product into welded and seamless. Advantages such as high strength, resistance to shocks due to collisions and high energy absorption capacity have increased the popularity of stainless steel tube in automotive applications. Welded stainless steel tube was widely used in the automotive industry in 2015. These are readily available in the market and are less expensive than the seamless tube, making them popular among automobile manufacturers. Asia Pacific is projected to be the fastest-growing region over the forecast period. In the automotive sector, where steel tubes are exposed to extreme temperatures and pressures, seamless products play an important role courtesy their high corrosion...