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Editing: 21; Published: May 2022
Executive Pool: 1185
Companies: 137 – 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.
Cover: 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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Amid the COVID-19 crisis, the global copper pipes and tubes market estimated at 4.4 million tons in 2022 is expected to reach a revised size of 5.3 million tons by 2026, with growth at a CAGR of 4.1% over the analysis period. . HVAC, one of the segments analyzed in the report, is expected to grow at a CAGR of 4.6%, while the growth of the industrial heat exchange segment is readjusted to a revised CAGR of 3.5%. Market growth is expected to be driven by the end-use application of HVAC&R systems. Copper is the material of choice for air conditioning and refrigeration tubing (ACR tubing). Copper tubing is one of the most important components used in air conditioning and refrigeration systems, where the tubing is used to allow the refrigerant to flow between various system components and also to prevent the refrigerant from escaping into the atmosphere. Copper is the next best conductor of heat after precious metals, and is therefore a preferred material for heat transfer applications such as air conditioning and refrigeration in the residential, commercial and industrial sectors. 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 expected to drive the growth in demand for copper pipe and tubing, due to the high corrosion resistance, machinability and superior thermal conductivity offered by copper. .
Strict new requirements, such as the reduction and/or elimination of toxic emissions and demands for improved operational efficiencies, have allowed copper tubing to remain competitive in the segment. Energy efficiency is one of the main advantages of using copper tubing in ACR products. Air conditioning and refrigeration applications are among the major contributors to greenhouse gases, as these applications are energy intensive. While most industrialized countries are embarking on energy efficiency as part of Montreal and Kyoto protocols, it is the responsibility of the air conditioning and refrigeration industry to improve the efficiency of products and systems. Therefore, by using reduced diameter copper tubing in the coils, the energy efficiency of ACR products can be improved. With energy efficiency becoming a priority area for HVAC manufacturers, there is a growing demand for components that offer greater efficiency in refrigerants, leading to new system designs. Energy efficiency is also achieved through the use of smaller diameter copper tubing, which also reduces material cost while reducing system size. Another key benefit of using copper tubes in coils is that copper tubes and copper fins are more reliable and durable, provide better corrosion resistance, and extend component life.
The use of copper pipes and tubes in the water end-use industry is also driving the growth. While water infrastructure requires increased investment, however, utilities face increased cash flow volatility and loss of revenue. Utilities are expected to experience a cost and revenue impact due to the impact of coronavirus across the country, with capital investment reductions and delays expected, which will impact pipeline investments. However, in the long term, the demand for water pipes will increase, supported by the growing demand for drinking water among the growing population around the world. The increase in the number of industrial, commercial and other institutions is also driving the demand for such pipes. In addition to the installation of new pipe systems, the water industry is also witnessing the need to replace existing pipe networks. In recent years, water main breaks have increased. This is indicative of the uncertain nature of the water infrastructure that is present underground. Aspects considered when installing them include diameter and material, climate and soil. Pipes 12 inches and under in diameter represent approximately 85% of all water pipe inventory. The 10-year average cost of small diameter pipe ruptures includes direct and indirect costs of more than $18,000. More chronic impacts relate to disruption of business operations and boil water advisories. And for larger diameter water transmission pipelines, these indirect costs are significantly high and impact cities. Most utilities aim to replace 1% of their pipe network each year, indicating a 100-year replacement cycle. The primary purpose of these replacements is to prevent service disruptions, such as sinkholes, ruptures, and leaks. These disturbances have economic effects, with loss of income due to water cuts and also repair costs. Although more difficult to measure, the greatest impacts are seen in the political and social realms, through the disruption of the activities of industrial, governmental, commercial and individual stakeholders. The most problematic pipes are replaced first to avoid breakdowns, presenting opportunities for the market.
For the laying of water supply infrastructure, different types of piping materials are used, including plastic, aluminum, steel and copper, depending on the scale of the need and budgetary expenditure. Among various materials, copper has a certain advantage over other competing materials. Low maintenance, fewer repairs and longer life are the main advantages of copper tubing in water distribution applications. On the other hand, laying a water distribution system with copper tubing tends to be expensive, which prohibits its use in low and medium budget structures. The use of copper tubing for water supply is more widespread in the United States, Canadaand Western Europe countries where building construction projects always emphasize high quality solutions, regardless of the costs involved. However, copper emits toxic gases when smelted. Copper found in drinking water ranges between 0.05 and 1 mg/L due to leaching from copper pipes and fittings. After
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