Copper Pipes and Tubes Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-5640 Status : Upcoming

Description

Global Copper Pipes and Tubes Market: Overview

Copper pipes and tubes are extensively utilized in the construction industry due to copper’s thermal conductivity and electrical conductivity properties. Even though copper components and plumbing are costlier when compared to plastic or steel parts, copper is still preferable because it proves to be cost-effective in the long term due to its durability. Moreover, due to its non-reactive and non-corrosive disposition, copper pipes and tubes have various applications in the industrial sector. Copper pipes and tubes are also utilized for transporting gases owing to the non-permeable nature of copper against gas & air, decreased risk of contamination and leakage which could be caused by oxygen, temperature, or UV (ultraviolet) rays from the environment.

Global Copper Pipes and Tubes Market: Growth Factors

With the rapid urbanization and surging population density, the construction industry has flourished and the investments & expenditures towards this sector are at an all-time high, fueling the global copper pipes and tubes market growth. This in turn has caused an increased requirement for HVAC (heating, ventilation and air conditioning), wherein copper pipes and tubes are used on a large scale because of copper’s malleability, ease in handling, non-pyrogenic characteristics, and recyclability. Additionally, copper pipes and tubes have a high fatigue limit, high yield, and antibacterial features which are especially important for water supply systems and transporting medical gases.

The quickly expanding oil & gas industry needs copper pipes and tubes on an extensive scale for several tasks and operations. This factor is majorly impacting the global copper pipes and tubes market share positively. Also, the increased requirements from the solar thermal energy and waste heat recovery systems and innovation of products which include PVC (polyvinyl chloride) coated copper tubes are the factors further augmenting the expansion of the global copper pipes and tubes market size.

Moreover, the evolving automobile sector along with the constantly rising demand for electric vehicles has prompted the companies to innovate newer and more advanced EV components. Favorable government incentives & initiatives, the decreasing costs of EV batteries, surging demand for EV vehicles, and the rising awareness among people about the several benefits of electric vehicles are the factors expected to augment the global copper pipes and tubes market size in the upcoming timeframe. Copper plays a crucial role in the EV technology and its framework. Copper pipes are utilized in charging stations, electric vehicles, batteries, and other related components due to copper’s high durability and high conductivity.

Global Copper Pipes and Tubes Market: Segmentation

The global copper pipes and tubes market has been segregated by type, outer diameter, finish type, application, end-user, and region. On the basis of type, the market can be bifurcated into copper tubes and copper pipes. Based on outer diameter, the market can be categorized into 3/8, ½, 5/8 inch, ¾, 7/8, 1 inch, and above 1 inch.

On the basis of finish type, the market has been segmented into straight length, LWC plain, pan cake, and LWC grooved. On the basis of application, the global copper pipes and tubes market has been categorized into industrial heat-exchange equipment, refrigeration, plumbing, HVAC, and others such as decorative bathroom hardware, fire protection, furniture & lighting fixtures, and musical instruments. By end user, the market can be classified as industrial heat exchanger, electrical, HVAC, plumbing, and others.

Global Copper Pipes and Tubes Market: Regional Analysis

Asia Pacific accounts for the largest share of the global copper pipes and tubes market mainly due to the presence of giant manufacturers in countries including India, Japan, and China. There has also been a drastic increment in the demand for domestic and industrial HVAC systems coupled with the surging investments and expenditures towards the distribution and enhancement of copper pipes and tubes. Additionally, rapid urbanization, industrial mechanization, maturing industrial sector, and favorable government policies & government incentives are some other factors stimulating the expansion of the copper pipes and tubes market in this region.

Global Copper Pipes and Tubes Market: Competitive Players

The industry names operating in the global copper pipes and tubes market are implementing key strategies such as plant turnarounds, capacity expansions, mergers & acquisitions, partnerships, collaborations, and innovations.

Some of the key companies dominating the global copper pipes and tubes market comprise of Mueller Industry, Qingdao Hongtai Copper Co., Ltd., Wieland-Werke AG, Cambridge-Lee Industries LLC, Shanghai Metal Corporation, H & H Tube, Halcor, Brassco Tube Industries, Furukawa Electric Co., Ltd., KOBELCO & MATERIALS COPPER TUBE CO., LTD., Luvata, KMCT, MetTube, MM Kembla, Mehta Tubes Ltd., Small Tube Products (STP), Kobe Steel, Ltd., and KME.

Global Copper Pipes and Tubes Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

Favorable government incentives and initiatives, the decreasing costs of EV batteries, surging demand for EV vehicles, and the rising awareness among people about the several benefits of electric vehicles are the factors expected to augment the global copper pipes and tubes market size in the upcoming timeframe. Copper plays a crucial role in the EV technology and its framework.

Asia Pacific accounts for the largest share of the global copper pipes and tubes market mainly due to the presence of giant manufacturers in countries including India, Japan, and China. There has also been a drastic increment in the demand for domestic and industrial HVAC systems coupled with the surging investments and expenditures towards the distribution and enhancement of copper pipes and tubes.

Some of the key companies dominating the global copper pipes and tubes market comprise of Mueller Industry, Qingdao Hongtai Copper Co., Ltd., Wieland-Werke AG, Cambridge-Lee Industries LLC, Shanghai Metal Corporation, H & H Tube, Halcor, Brassco Tube Industries, Furukawa Electric Co., Ltd., KOBELCO & MATERIALS COPPER TUBE CO., LTD., Luvata, KMCT, MetTube, MM Kembla, Mehta Tubes Ltd., Small Tube Products (STP), Kobe Steel, Ltd., and KME.

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