Air pipes

Global copper pipes and tubes market to reach 4.9 million tons by 2026

SAN FRANCISCO, March 3, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Copper Pipes and Tubes – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

Copper Pipes and Tubes – Report February 2022

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Editing: 20; Published: February 2022
Executive Pool: 1185
Companies: 110 – Players covered include Cerro Flow Products LLC; Cambridge-Lee Industries LLC; Fabrika Bakarnih cevi Majdanpek; Foshan Huahong Copper Tube Co.,Ltd. ; Furukawa Electric Co., Ltd. ; Golden Dragon Precise Copper Tube Group, Inc.; IUSA Group, SA de CV; H&H tube; Hailiang Group Co., Ltd. ; KME Germany GmbH; Kobelco & Materials Copper Tube, Ltd. ; Luvata Oy; Mr. M. Kembla; Mueller Industries, Inc.; Ningbo Jintian Copper (Group) Co., Ltd. ; Poongsan Company; Qingdao Hongtai Copper Co., Ltd. ; Shanghai Metal Corporation; Wieland-Werke AG and others.
Blanket: All major geographies and key segments
segments: End use (HVAC, industrial heat exchange, plumbing, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.

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ABSTRACT-

Global copper pipes and tubes market to reach 4.9 million tons by 2026
Copper pipes and tubes are used in a range of piping and tubing applications in residential, commercial and industrial settings. To support use cases in a myriad of applications and to meet the needs of various end-use systems, copper pipe and tubing comes in a variety of shapes, designs, and configurations. Copper pipes and tubes are widely used for manufacturing non-flammable medical gas appliances, plumbing systems and heat exchanger equipment. The global economic outlook and dynamics of major end-use sectors, including heating, ventilation, air conditioning and refrigeration (HVACR); plumbing; and industry sectors determine the demand trends in the copper pipes and tubes market. Demand for copper pipes and tubes fell in 2020 due to all non-critical construction projects halting, reduced residential construction, less focus on smart cities, weak automotive demand and the contraction of the manufacturing sector, among other factors. In the post-COVID-19 era, the global copper tubing and pipe market will grow owing to the importance of copper’s corrosion resistance, incombustible properties and lightweight characteristics in various applications of copper. end use. Market growth will also be boosted by the revival in demand for durable and corrosion-resistant copper pipes and tubes for fuel oil systems, medical gas systems, underground gas and water supply systems, to heat exchange systems and HVAC&R as well as renovation. and construction activities.

Amid the COVID-19 crisis, the global copper pipes and tubes market estimated at 4.1 million tons in 2022 is expected to reach a revised size of 4.9 million tons by 2026, with growth at a CAGR of 4.2% over the analysis period. . HVAC, one of the segments analyzed in the report, is expected to grow at a CAGR of 4.6% to reach 3 million tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the industrial heat exchangers segment is readjusted to a revised CAGR of 3.6% for the next 7-year period. This segment currently accounts for a 24.2% share of the global copper tubing and pipe market. In the HVAC segment, the use of copper pipes and tubes continues to be driven by the material’s heat transfer and antimicrobial characteristics, making them suitable for use in HVAC applications. The transition to smart and energy-efficient HVAC systems is likely to drive the growth in demand for copper pipe and tubing, due to the high corrosion resistance, machinability and superior thermal conductivity offered by the copper. Industrial heat exchangers require materials that can conduct heat and allow it to be transferred quickly and efficiently. In this regard, copper is preferred because it is a superior, durable and thermally efficient conductor of heat, in addition to allowing rapid heat transfer.

The US market is estimated at 440.2 thousand tons in 2022, while China is expected to reach 1.8 million tons by 2026
The market for copper pipes and tubes in the United States is estimated at 440.2 thousand tons in 2022. The country currently accounts for a 10.89% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of 1.8 million tons in 2026 growing at a CAGR of 4.9% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 2.7% and 3.3% respectively over the analysis period. In Europe, Germany is expected to grow around 3.1% CAGR while the rest of the European market (as defined in the study) will reach 1.9 million tons by the end of the analysis period. Asia Pacific and China represent a key regional market for copper pipes and tubes, due to the presence of abundant natural resources, a large labor force and an expanding manufacturing sector. Additionally, growing demand for HVAC systems, urbanization, and government incentives and policies, among other factors, are driving gains in the market. The economies developed in Western Europe and North America are expected to see demand for copper pipe and tubing emerge from major industries such as mining, aerospace and defense, heavy engineering, and automotive.

The plumbing segment will reach 549.4 One thousand tons by 2026
Copper tubing is used in heating and plumbing systems, due to the material’s ability to withstand extreme heat conditions without any degradation; ability to resist corrosion and high water pressure; and ability to retain its shape and strength at elevated temperatures. In the global Plumbing segment, United States, Canada, Japan, China and Europe will drive the CAGR of 2.7% estimated for this segment. These regional markets representing a combined market size of 326.9 thousand tons will reach a projected size of 405.1 thousand tons at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific is expected to reach 120.8 thousand tons by 2026, while Latin America will grow at a CAGR of 3.4% over the analysis period. Continued

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