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Copper Pipes and Tubes Market Analysis Report 2022-2027 | Industry to Reach 5.45 Million Tons by 2027

According to the latest report by IMARC Group, titled “Copper Pipes and Tubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global copper pipes and tubes market size 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.

Copper is a ductile and malleable metal with a distinct reddish-brown color. It is cost-effective, lightweight, durable, environment-friendly, non-corrosive, fire-resistant, and non-reactive. Owing to these properties, copper is used to produce pipes and tubes. These copper pipes and tubes find extensive applications across various industries, including construction, energy, automotive and healthcare, as they possess high yield, tensile, and fatigue strength. They are also widely employed in water distribution systems to transport potable water to residential and commercial buildings.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Copper Pipes and Tubes Market Trends:

Copper pipes and tubes are extensively utilized in heating, ventilation, and air conditioning (HVAC) systems for the water supply and refrigerant lines. As a result, the escalating demand for HVAC systems due to the rising construction activities across the globe represents the primary factor driving the market growth. In addition, the growing adoption of EVs has augmented the product demand since copper pipes and tubes are used in electric vehicles (EVs) and charging stations. Along with this, several favorable government initiatives like the introduction of incentives and subsidies for the purchase of EVs have catalyzed market growth. Furthermore, there has been increasing usage of copper pipes and tubes in the transportation of gases as copper is non-permeable to gas and air, and minimizes the chances of leakage and contamination caused by oxygen, ultraviolet (UV) rays, and temperature from the external environment. Besides this, recent product innovations, such as the development of polyvinyl chloride (PVC) coated copper tubes, have propelled the market growth. Other factors, including the expanding oil and gas industry, rising product demand from solar thermal energy and waste heat recovery systems, shifting focus toward sustainability, surging global population, and rapid urbanization, are also creating a favorable market outlook.

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Global Copper Pipes and Tubes Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

  • Furukawa Electric Co., Ltd.
  • KME Germany GmbH & Co KG
  • Kobe Steel, Ltd.
  • Luvata (Mitsubishi Materials Corporation)
  • MetTube Sdn Bhd, Mueller Industry, Inc.
  • KMCT Group AB
  • Cerro Flow Products LLC
  • Golden Dragon Precise Copper Tube Group Inc.
  • Mehta Tubes Limited
  • Qingdao Hongtai Metal Co., Ltd.
  • Shanghai Hailiang Copper Co., Ltd.

Market Breakup by Finish Type:

  • LWC Grooved
  • Straight Length
  • Pan Cake
  • LWC Plain

Market Breakup by Outer Diameter:

  • 3/8, 1/2, 5/8 Inch
  • 3/4, 7/8, 1 Inch
  • Above 1 Inch

Market Breakup by End-User:

  • HVAC
  • Industrial Heat Exchanger
  • Plumbing
  • Electrical
  • Others

Market Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America.

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Reports of IMARC Group:

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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