Copper Pipes and Tubes Market Future Growth, Demand, Trends and Competitive Landscape Forecast 2019-2027

Transparency Market Research has published a new report that talks about the overall working dynamics of the global copper pipes and tubes market. According to the research report, the global copper pipes tubes market is expected to grow at a modest CAGR of 3% for the given projection period of 2019 to 2027. With this rate of growth, the global market is expected to reach an overall valuation of US$39 bn by the end of the forecast period in 2027. Previously, the market was valued at US$29.7102 bn in the year 2018.

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Copper Pipes & Tubes Market - Competitive Landscape

Some of the prominent names in the global copper pipes and tubes market are Furukawa Electric Co. Ltd., Aurubis AG, Mueller Industries Inc., EvalHalcor, and Brass and Copper Holdings Inc. among others.

Infrastructural Development in Asia Pacific is Fueling Market Growth in Region

In terms of geographical segmentation, the Asia Pacific segment is expected to emerge as the strongest contributor for the overall development of the global copper pipes and tubes market. Other regional segments such as Latin America, North America, Middle East and Africa, and Europe are also projected to experience a moderate growth in the coming years of the forecast period.

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One of the leading causes behind the growth of the Asia Pacific market for copper pipes and tubes is the increasing infrastructural developments happening across emerging economies such as India and China. China, in particular is one of the biggest consumers of the copper pipes and tubes market. Moreover, the country is also a home for several of the leading brands operating in the copper pipes and tubes market.

Region

North America

· Europe

· Asia Pacific

· Middle East & Africa

Latin America

Market Segmentation is as follows:

Global Copper Pipes & Tubes Market by Application

HVAC & Refrigeration

Industrial Heat-exchange Equipment

Plumbing

Others (including Furniture & Lightning Fixtures, Decorative Bathroom Hardware, Musical Instruments, and Fire Protection)

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Growing Demand for Energy Conserving Pipes and Tubes to Drive Market Growth

There are several factors that are influencing the growth of the global copper and pipes tubes market. One of the key driving factors for market growth has been the increasing demand for heat-exchange equipment that are highly thermally-effective. Moreover, there has been a growing awareness about the concerns regarding excessive energy consumption. Because of the strict environmental conservation regulations, manufacturers are increasingly preferring copper and pipes tubes.

This has thus been working in favor of the development of the global market. In addition to this, governmental authorities too have been issuing favorable policies and lucrative tax rebates to encourage the installation of energy saving products and equipment. Copper pipes and tubes are increasingly used in the production of these equipment and thus their growing demand directly corresponds to the growth of the global market.

Preference for Copper over Aluminum in Air Conditioning

Condensing coils have been previously manufactured from aluminum, owing to its benefits to manufacturers in terms of high transfer properties and cost-effectiveness. However, the high maintenance costs associated with aluminum coils shifted manufacturers' focus towards copper tubes. Repairing aluminum is impossible, resulting in the need for complete coil replacement. Moreover, the high thermal conductivity of copper, which is up to 8 times that of aluminum, further solidified their reliance on this metal.

The copper pipes & tubes market is expected to generate high revenue over the coming years, as the demand for copper pipes & tubes continues to pick up pace in plumbing applications. Cost-effectiveness, durability, recyclability, and reliability of copper pipes over its counterparts, including plastic and lead pipes are making the first choice of end users for material selection in piping infrastructure. According to the TMR study, revenue from the copper pipes & tubes market is expected to be valued at ~ US$ 30.5 Bn, with ~ 4034 kilo tons of sales volume in 2019.

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Key Questions Answered in the Report

Which area of application will create incremental demand for copper pipes & tubes in the coming five years?

How will the copper pipes & tubes market transform over the next five years with respect to the fast-growing industry trends?

How much revenue will the copper pipes & tubes market generate in 2019?

Which geographies hold significant growth potential for the providers of copper pipes & tubes?

Which factors are likely to hinder the growth of the copper pipes & tubes market in the coming years?

What are the key strategies adopted by leading copper pipes & tubes market players?

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