New Jersey, NJ, July 31, 2019 (GLOBE NEWSWIRE) — Increasing demand for steel tubes from the oil & gas and petrochemical industry along with the ongoing expansion activities in the chemical and pharmaceuticals industries of Asia Pacific region are the factors that are fuelling the growth of the global industrial tubes market. The global industrial tubes market is expected to grow from USD 426.51 Billion in 2017 to USD 677.28 Billion by 2025, at a CAGR of 5.95% during the forecast period from 2018-2025, according to the new report published by Fior Markets. Industrial tubes are long, hollow cylindrical shaped materials that are used for diverse purposes. Industrial tubes are manufactured by two distinct methods which result in either a welded or seamless pipe. Industrial tubes have many advantages such as a variety of applications, a wide range of sizes, easy to join and install, corrosion resistance and versatility. Industrial tubes are widely used in the oil & gas and chemical industry for the variety of applications such as heat exchanger, structural etc. Although the factors such as rising utilization of steel tubes in end-user industries, superior properties of ...