Copper is a malleable, soft and ductile metal with extremely high thermal & electrical conductivity. It has high-temperature resistance, excellent resistance to scaling & corrosion, high mechanical strength & lifetime resistance to Ultra-Violet (UV) degradation. Pure copper is extensively used in electrical wire & cable, electrical contacts and various other parts which are required to pass electrical current. Copper is also used in various end-use industries due to its superior characteristics. It can be recycled over and over without the degradation in content or properties.
According to study, “Global Copper Pipes & Tubes Market to reach USD 55 million by 2027” the key companies operating in the global copper pipes & tubes market are Halcor, Furukawa Electric Co., Ltd, Mueller Streamline Co., Cerro Flow Products LLC, Tube Products (STP), Aurubis AG, Fabrikabakarnihcevi A.D. H & H Tube, FoshanHuahong Copper Tube Co., Ltd., Majdanpek, Cambridge-Lee Industries LLC, China-Hailiang Group Co., LTD., MM Kembla, Mehta Tubes Ltd., Kobelco & Materials Copper Tube Co., LTD., Qingdao Hongtai Copper Co., Ltd, Small Shanghai Metal Corporation, Wieland-Werke AG, Brassco Tube Industries and Luvata.
Based on type, copper pipes & tubes market is segmented as process pipes, structural tubes, heat exchanger tubes, mechanical tubes, Hydraulic & instrumentation tubes, others. Based on manufacturing method, market is segmented as welded and seamless. Based on thickness, market is segmented as Type K, Type M, Type L, Type DWV and others. Based on outer diameter, market is segmented as less than 28 mm, 28 mm and more than 28 mm. Based on finish type, market is segmented as LWC grooved, pan cake, straight length, and LWC plain. In addition, based on application, market is segmented as refrigeration, industrial heat exchange, heating, ventilation, & cooling (HVAC), plumbing, electrical & electronics and others.
The copper pipes & tubes market is driven by growth in the air conditioning & refrigeration industry, followed by rise in healthcare industry requiring a safe & anti-bacterial. However, market presence of steel pipes & tubes may pose a challenge and fluctuations in the price of raw material may impact the market. Moreover, growth in technological advancements and rise in demand for market expansion are key opportunities for market.
Based on geography, the Asian-Pacific is the leading region in global copper pipes & tubes market owing to increase in sales of industrial and domestic HVAC systems and rapid industrialization & urbanization in the region. Whereas, the North-American and European regions are anticipated to witness higher growth rate due to rise in investment in the development and distribution of copper pipes & tubes over the forecast period. In upcoming years, it is projected that the global market will be reached at rapid pace as a result of growth in development of infrastructure and municipal construction during the forecast period. The global copper pipes & tubes market is valued approximately at US $41 million in 2019 and is likely to grow with a CAGR of more than 3.25% during the forecast period 2020-2027.
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Global Copper Pipes & Tubes Market
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