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The global copper pipes and tubes market reached a volume of 4.53 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 5.45 Million Tons by 2027, exhibiting at a CAGR of 3.16% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Copper pipes and tubes are widely used in the construction sector owing to the electrical and thermally conductive properties of copper. Although an overall copper plumbing is expensive as compared to its plastic counterpart, it still is a convenient option in terms of cost-benefits because of its long-term reliability. Furthermore, copper pipes have extensive industrial utilization owing to their non-corrosive and non-reactive nature. These pipes and tubes are also used for the transportation of gases since copper is non-permeable to air and gas and offers reduced chances of leakage and contamination caused by oxygen, ultraviolet (UV) rays and temperature from the external environment.
With the growing population and rapid urbanization, there has been a significant increase in construction expenditures. This has resulted in an increasing demand for heating, ventilation and air conditioning (HVAC), where copper pipes and tubes find extensive applications owing to ease in handling, malleability, recyclability and non-pyrogenic properties. Furthermore, these pipes and tubes have a high yield, tensile and fatigue strength along with antibacterial properties that play a crucial role in the transportation of medical gases and water distribution systems. Moreover, rapidly growing oil and gas industry, which requires copper pipes and tubes for various operations, is contributing positively to the sales of these pipes and tubes. Other factors such as demand from the solar thermal energy and waste heat recovery systems and product innovations such as polyvinyl chloride (PVC) coated copper tubes are further catalyzing the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global copper pipes and tubes market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on finish type, outer diameter and end-user.
Breakup by Finish Type:
Breakup by Outer Diameter:
Breakup by End-User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Furukawa Electric Co., Ltd, KME, Kobe Steel, Ltd., Luvata, MetTube, Mueller Industry, KMCT, Cerroflow Products, Golden Dragon, Mehta Tubes, Qingdao Hongtai Metal Co.Ltd., Shanghai Hailiang Copper Tubes, etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Finish Type, Outer Diameter, End-User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Furukawa Electric Co., Ltd, KME, Kobe Steel, Ltd., Luvata, MetTube, Mueller Industry, KMCT, Cerroflow Products, Golden Dragon, Mehta Tubes, Qingdao Hongtai Metal Co.Ltd. and Shanghai Hailiang Copper Tubes|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global copper pipes and tubes market reached a volume of 4.53 Million Tons in 2021.
The rising adoption of heating, ventilation, and air conditioning (HVAC) systems across the residential, commercial, and industrial sectors, is one of the key factors catalyzing the global copper pipes and tubes market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities, thereby limiting the demand for copper pipes and tubes.
Based on the finish type, the global copper pipes and tubes market has been bifurcated into LWC grooved, straight length, pan cake, and LWC plain. Among these, LWC grooved currently holds the largest market share.
Based on the end user, the global copper pipes and tubes market can be categorized into HVAC, industrial heat exchanger, plumbing, electrical, and others. Currently, HVAC holds majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
Some of the major players in the global copper pipes and tubes market include Furukawa Electric Co., Ltd, KME, Kobe Steel, Ltd., Luvata, MetTube, Mueller Industry, KMCT, Cerroflow Products, Golden Dragon, Mehta Tubes, Qingdao Hongtai Metal Co.Ltd., Shanghai Hailiang Copper Tubes, etc.
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