Global Copper Pipes and Tubes Market Was Valued US$ XX Bn In 2019 And Is Expected To Reach US$ XX Bn By 2027, At A CAGR Of 4.10 % during forecast period.
Global Copper Pipes and Tubes Market
The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.
Copper pipes and tubes are the leading choice of modern contractors for plumbing, heating and cooling installations in all kinds of residential and commercial buildings. Copper stands alone as an engineering material, which can be recycled over and over without degradation in content or properties. It has excellent resistance to corrosion and scaling, high mechanical strength, high-temperature resistance to UV degradation.
Global Copper Pipes and Tubes Market, Dynamics:
The demand for copper pipes and tubes are increasing because of the rapid expansion of the construction projects across the developing countries. The demand for corrosion free material for water supply is also expected to boost the market growth during the forecasted period. An evaluation of the electric vehicle has led manufacturers to introduce new EV components. The decline in the battery prices and government incentives for EVs are offering opportunities for associated businesses. Copper is playing a vital role in the EV production, which helps to support infrastructure. The copper pipes are used in electric vehicles, charging stations, and associate infrastructure because of its durability, high conductivity, and efficiency.
On the other hand, the fluctuation in the cost of raw materials and presence of substitutes are expected to limit the global copper pipes and tubes market growth. The inclination and development toward eco-friendly and economical copper tubes and pipes to attain greater energy efficiency, few material utilization and superior durability are expected to provide opportunities for the key players operating in the market.
Global Copper Pipes and Tubes Market, Segment Analysis:
Industrial Heat Exchanger segment is expected to contribute maximum share in the global copper pipes and tubes market followed by HVAC and refrigeration segment. The demand for industrial heat-exchange equipment is increasing at a rapid pace during the forecast period because of the presence of the coal-based power plants in countries like China and India. Copper is used as heat exchanger tubing in fossil and nuclear steam generating electric power plants, chemical and petrochemical plants, marine services, and desalination plants. On the other hand, the HVAC and refrigeration segment is expected to grow at a XX% rate of CAGR during the forecast period. Copper pipes and tubes are used in HVAC, which offers advantages like ease in handling and malleability, non-pyrogenic property, and possess recycling properties. Rapid expansion of the construction and commercial infrastructure are expected to increase the demand for the HVAC and refrigeration.
Global Copper Pipes and Tubes Market, Regional Analysis:
Regionally, Asia Pacific region expected to contribute XX% share in the global copper and tubes market growth in the coming years thanks to the rapid growth and development in the construction sector. The demand for copper pipes & tubes is heavily emerging from China and India because of the rapid industrialization and urbanization in these countries. The availability of raw materials, abundance of labor force, and presence of the manufacturing sector is expected to boost the regional growth. The China is a major contributor in the copper production. In 2019, China has produced nearly about 1.6 Mn metric tons of copper from mines, which is over three times less than copper production of the Chile Country.
Global Copper Pipes and Tubes Market, Competitive Analysis:
Some of the prominent key players are presenting innovative and highly-efficient solutions with thermal performance that deliver best resource conservation. The present manufacturing companies in the market are expected to enlarge copper production size during forecast period to increase its overall revenues. Cost of pipes and tubes installation in the market is ~US$ XX/ ton.
The objective of the report is to present a comprehensive analysis of the Global Copper Pipes and Tubes Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Copper Pipes and Tubes Market dynamics, structure by analysing the market segments and project the Global Copper Pipes and Tubes Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Copper Pipes and Tubes Market make the report investor’s guide.
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Scope of Copper Pipes and Tubes Market
Global Copper Pipes and Tubes Market, By Finish Type
• Straight Length
• LWC Grooved
• Pan Cake
• LWC Plain
Global Copper Pipes and Tubes Market, By Outer Diameter
• 3/8, 1/2, 5/8 Inch
• 3/4, 7/8, 1 Inch
• Above 1 Inch
Global Copper Pipes and Tubes Market, By End-User
• Industrial Heat Exchanger
• HVAC and refrigeration
Global Copper Pipes and Tubes Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Copper Pipes and Tubes Market
• Furukawa Electric Co., Ltd
• Kobe Steel, Ltd
• Mueller Industry
• Cerroflow Products
• Golden Dragon
• Mehta Tubes
• Qingdao Hongtai Metal Co.Ltd
• Shanghai Hailiang Copper Tubes
• Global Brass and Copper Holdings, Inc
• Mueller Industries, Inc
• Aurubis AG
• Mueller Streamline Co
• Aurubis AG, Cerro Flow Products LLC
• Fabrikabakarnihcevi A.D. Majdanpek
• Cambridge-Lee Industries LLC
• FoshanHuahong Copper Tube Co., Ltd
• CHINA-Hailiang GROUP CO., LTD
• KOBELCO & MATERIALS COPPER TUBE CO., LTD
• Shanghai Metal Corporation
• Small Tube Products
• Wieland-Werke AG
• Brassco Tube Industries
• H & H Tube
• MM Kembla
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