Expert Market Research’s new report titled ‘Global Copper Pipes and Tubes Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global market copper pipes and tubes market, assessing the market based on its type of finish, outer diameter, end-use, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5%
The growth of the global copper pipes and tubes market is driven by the growing demand for plumbing applications owing to its superior cost effectiveness, reliability, recyclability and reliability over alternatives such as plastic pipes and lead. The growing demand for durable and environmentally friendly copper pipes and tubes, combined with the demand from various application sectors, has driven manufacturers to focus on product technologies and the development of compact dimensions and customization options. Additionally, their increasing use in air conditioning and refrigeration appliances, as well as other industrial facilities, has prompted producers to offer customization, allowing them to create bespoke copper pipes and tubes that meet specifications. customer specifics.
Industry definition and major segments
Copper is a metal that bends easily and has great resistance to corrosion. Copper tubes and pipes for industrial use have many advantages over other metals. Copper’s resistance to corrosion, inherent superiority in thermal conductivity, and strength have made it popular in a variety of industries.
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Based on Finish Type, the market is split into:
- LWC Grooved
- straight length
- Crepe
- LWC Plain
Based on outer diameter, the industry is segmented into:
- 3/8 inch
- ½ inch
- 5/8 inch
- ¾ inch
- 7/8 inch
- 1 inch
- above 1 inch
On the basis of end-use, the market is split into:
- HVAC
- industrial heat exchanger
- Plumbing
- Electric
- Others
On the basis of region, the market is split into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market trends
The major factor driving the expansion of the market is the increasing adoption of copper tubes and pipes in the HVAC segment. Copper pipes and tubes are mainly used in HVAC due to advantages such as easy handling, non-pyrogenic properties and recycling capabilities. Rising demand for electric vehicles and hybrid vehicles would also drive the market in the coming years. Electric vehicles and hybrid vehicles use more copper than regular cars. Due to numerous public works projects and subsidies, there seems to be an increase in the purchases of electric vehicles, which will drive the growth of copper pipes and tubes in the coming years.
Main market players
Major market players are Furukawa Electric Co., Ltd, KME, Kobe Steel, Ltd., Luvata, MetTube, Mueller Industry, KMCT, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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