Global Copper Pipes and Tubes Market, By Type (Copper Pipes, Copper Tubes), Finish Type (LWC Grooved, Straight Length, Pan Cake, LWC Plain), Outer Diameter (3/8, 1/2, 5/8 Inch, 3/4, 7/8, 1 Inch, Above 1 Inch), Application (HVAC and Refrigeration, Industrial Heat-Exchange Equipment, Plumbing, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, copper pipes and tubes industry has grown due to their extensive utilization for manufacturing non-flammable medical gas devices, plumbing systems, and heat exchanger equipment. Additionally, there has been surge in construction activities in developing countries, which have further accelerated the overall growth for the market.
Global copper pipes and tubes market was valued at USD 4.53 million in 2021 and is expected to reach USD 6.26 million by 2029, registering a CAGR of 4.12% during the forecast period of 2022-2029. The HVAC segment in the copper pipes and tubes market is estimated to grow at the fastest CAGR during the forecast period owing to the growing utilization due to beneficial qualities such as corrosion resistance, malleability, energy efficiency, and others. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Copper is a metal that is easy to bend and has a strong corrosion resistance. Copper tubes and pipes for industrial use have various benefits over other metals. Its corrosion resistance, inherent superiority in heat conductivity, and strength have made metal popular in a variety of industries. Copper pipes and tubes are commonly utilized in the construction industry due to their electrical and thermal conductivity. Although copper plumbing is more expensive in general than plastic piping, it is still a cost-effective solution due to its long-term dependability.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Copper Pipes, Copper Tubes), Finish Type (LWC Grooved, Straight Length, Pan Cake, LWC Plain), Outer Diameter (3/8, 1/2, 5/8 Inch, 3/4, 7/8, 1 Inch, Above 1 Inch), Application (HVAC and Refrigeration, Industrial Heat-Exchange Equipment, Plumbing, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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FURUKAWA ELECTRIC CO., LTD (Japan), Halcor (Greece), Mueller Streamline Co. (U.S.), Aurubis AG (Germany), Cerro Flow Products LLC (U.S.), Cambridge-Lee Industries LLC (U.S.), H & H Tube (U.S.)., Hailiang Group Reserves (China)., KMCT (India)., MM Kembla (Australia), Mehta Tubes Ltd. (India), Shanghai Metal (China), Small Tube Products (U.S.), Wieland (Germany), Brassco Tube Industries (India) and Luvata (Finland)
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Market Opportunities
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Copper Pipes and Tubes Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Demand Across End Users
The increasing demand for the product due to its benefits such as ease of handling, non-pyrogenic property, malleability, and other factors, as well as the increasing demand for HVAC systems, are some of the factors that will likely boost the growth of the copper pipes and tubes market during the forecast period. Furthermore, the constantly expanding oil and gas industry, which uses copper pipes and tubes for numerous operations, is favorably impacting sales of these pipes and tubes. Other reasons, such as demand for solar thermal energy and waste heat recovery systems, are also fueling market expansion.
The growing number of population coupled with the rapid urbanization in the economy will further propel the growth rate of copper pipes and tubes market. Additionally, the significant increase in construction expenditures are projected to bolster the growth of the market.
Opportunities
- Innovations, Investments and Development
Furthermore, the product innovations such as polyvinyl chloride (PVC) coated copper tubes extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the burgeoning demand for eco-friendly copper pipes and tubes along with the rising investment for the development and distribution of copper pipes and tubes will further expand the future growth of the copper pipes and tubes market.
Restraints/Challenges
- Fluctuation in Raw Material Prices
The fluctuations in the rate of raw materials will create hindrances for the growth of the copper pipes and tubes market.
- Disadvantages Associated With Copper Pipes And Tubes
Also, the copper pipes and tubes also have disadvantages that will prove to be a demerit for the copper pipes and tubes market, such as they can fail when the temperature of the water exceeds 180 degrees. Moreover, the condensation frequently accumulates within the pipes. When this condensation freezes, it obstructs the flow of water. Another problem is that copper pipes impart a faint metallic flavor to the water. Therefore, these disadvantages will challenge the copper pipes and tubes market growth rate.
This copper pipes and tubes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the copper pipes and tubes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Copper Pipes and Tubes Market
The sudden emergence of the coronavirus had a negative impact on the copper pipes and tubes market as it resulted in the introduction of tight lockdown regulations throughout various nations to curb the spread of disease resulting in a temporary halt in numerous construction works, limiting demand for copper pipes and tubes. Moreover, the market also witnessed various disruptions in the manufacturing as well as the supply-chain operations, which led to huge financial setback for the market. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory.
However, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Global Copper Pipes and Tubes Market Scope
The copper pipes and tubes market is segmented on the basis of type, finish type, outer diameter and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Copper Pipes
- Copper Tubes
Finish Type
- LWC Grooved
- Straight Length
- Pan Cake
- LWC Plain
Outer Diameter
- 3/8
- ½
- 5/8 Inch
- 3/4, 7/8,
- 1 Inch
- Above 1 Inch
Application
- HVAC and Refrigeration
- Industrial Heat-Exchange Equipment
- Plumbing
- Others
Copper Pipes and Tubes Market Regional Analysis/Insights
The copper pipes and tubes market is analyzed and market size insights and trends are provided by country, type, finish type, outer diameter and application as referenced above.
The countries covered in the copper pipes and tubes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the copper pipes and tubes market because of the rising investment for the development and distribution of copper pipes and tubes, rapid industrialization and urbanization within the region. North America on the other hand, is estimated to show lucrative growth due to the high sales of industrial and domestic HVAC system within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Copper Pipes and Tubes Market Share Analysis
The copper pipes and tubes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to copper pipes and tubes market.
Some of the major players operating in the copper pipes and tubes market are
- FURUKAWA ELECTRIC CO., LTD (Japan)
- Halcor (Greece)
- Mueller Streamline Co. (U.S.)
- Aurubis AG (Germany)
- Cerro Flow Products LLC (U.S.)
- Cambridge-Lee Industries LLC (U.S.)
- H & H Tube (U.S.)
- Hailiang Group Reserves (China)
- KMCT (India)
- MM Kembla (Australia)
- Mehta Tubes Ltd. (India)
- Shanghai Metal (China)
- Small Tube Products (U.S.)
- Wieland (Germany)
- Brassco Tube Industries (India)
- Luvata (Finland)
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