The Global Market for Copper Pipes and Tubes is Projected to Reach 6.3 Million Tons by 2024

Improving Demand for HVACR and Plumbing Infrastructure Drives Growth in the Global Copper Pipes and Tubes Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Copper Pipes and Tubes market. The global market for Copper Pipes and Tubes is projected to reach 6.3 million tons by 2024, driven by recovery in the construction sector and increasing demand for copper pipes and tubes in HVACR systems, plumbing infrastructure and growing demand for energy efficient heat exchangers. 

Copper pipes and tubes are used in a range of piping and tubing applications in residential, commercial and industrial environments. Despite the availability of competing materials such as cast iron, galvanized iron, aluminum, and plastics for piping and tubing applications, copper’s acclaimed benefits such as extended bending flexibility, high durability, easy installation, sanitary and antibacterial properties, superior wear and fatigue endurance, make it an ideal substitute for select piping and tubing applications. Copper pipes and tubes find use in mechanical systems in heating, ventilation, air conditioning, refrigeration (HVACR), plumbing and industrial applications. Ongoing high demand for HVACR and plumbing solutions on the back of rising activity in the building construction and building renovation markets continues to offer growth opportunities for copper pipes and tubes. Similarly, growing demand for heat exchanger equipment in industrial environments and stable increase in automotive manufacturing also augurs well for the demand for copper pipes and tubes. The market also benefits from wider adoption in some relatively new applications such as sprinkler infrastructure, medical gas systems, and solar energy equipment, where copper made pipes and tubes are increasingly being preferred for their functional features. 

Along with copper tubes, made in conventional and standard designs, the market is also witnessing the introduction of innovative and special types of tubes. These special tubes, integrating innovative features, render high level efficiency in select end-use applications. High-performance copper tubes, Oxygen-free copper tubes and MIG welding tubes are some of the special types of tubes gaining demand in select unconventional applications. Advancements such as microgroove small diameter copper tubes enable the development of economical energy efficient air-conditioners and refrigeration products due to the higher heat-transfer coefficients. Demand for such products is expected to gain strength in upcoming years against a backdrop of rising pressure on companies to tighten their environmental strategies and reduce energy consumption. 

As stated by the new market research report on Copper Pipes and Tubes, Asia-Pacific represents the largest and fastest growing market, worldwide. Growth in the region is driven by factors such as steady growth in the construction sector, rise in remodeling of residential and non-residential buildings, increasing investments in the manufacturing sector, robust replacement demand opportunity in the HVAC and R segment and demand for energy efficient heat exchangers. 

Major players in the market include Cerro Flow Products LLC, Fabrika bakarnih cevi Majdanpek, Foshan Shunde Lecong Hengxin Copper Tube Factory, Foshan Huahong Copper Tube Co., Ltd., Furukawa Electric Co., Ltd., Global Brass and Copper Holdings Inc., Golden Dragon Precise Copper Tube Group Inc., Grupo IUSA, S.A. de C.V., Cambridge-Lee Industries LLC, H & H Tube, Hailiang Group Co., Ltd., KME AG, Kobelco & Materials Copper Tube Ltd., Luvata Oy, MM Kembla, Mueller Industries Inc., Ningbo Jintian Copper, Poongsan Corporation, Qingdao Hongtai Copper Co., Ltd., Shanghai Metal Corporation, and Wieland-Werke AG, among others. 

The research report titled ”Copper Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in volume terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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