Copper Pipes & Tubes Market Share, Growth, Trends, and Forecast, 2022-2031

𝐂𝐨𝐩𝐩𝐞𝐫 𝐏𝐢𝐩𝐞𝐬 & 𝐓𝐮𝐛𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global copper pipes & tubes market was valued at US$ 32.1 Bn in 2021
It is estimated to grow at a CAGR of 3.1% from 2022 to 2031
The global copper pipes & tubes market is expected to reach US$ 44 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/copper-pipes-tubes-market.html

𝐂𝐨𝐩𝐩𝐞𝐫 𝐏𝐢𝐩𝐞𝐬 & 𝐓𝐮𝐛𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Copper is used as a metal of choice in manufacturing and fabrication of tubes and pipes, owing

to its properties such as malleability, ductility, high thermal and electrical conductivity, versatility, and recyclability. Copper is an excellent tube material for water distribution networks. Copper pipes and tubes are used in batteries and windings; and copper rotors are used in electric motors, wiring, busbars, and charging infrastructure. Copper pipes do not release toxic substances into the water and do not allow gases to diffuse through the tube wall. These properties make copper pipes & tubes highly preferable over other types of piping materials such as stainless steel and PVA (polyvinyl chloride) pipes & tubes.

Copper pipes prevent bad odor or other disturbing influences from entering the system and impairing the quality of the water. Copper pipes and tubes are found in nearly every household in the U.S. and Europe because of their widespread use in plumbing; and heating and cooling applications. Increase in applications of bending copper pipes, copper water pipes, and copper gas pipes across the globe are estimated to contribute to the growth in revenue of copper pipes & tubes market during the forecast period. Significant growth in the HVAC & refrigeration sector presents the largest opportunity for copper pipes & tubes market manufacturers.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23678

𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐂𝐨𝐩𝐩𝐞𝐫 𝐏𝐢𝐩𝐞𝐬 & 𝐓𝐮𝐛𝐞𝐬 𝐢𝐧 𝐇𝐕𝐀𝐂 & 𝐑𝐞𝐟𝐫𝐢𝐠𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

In terms of application, the global copper pipes & tubes market has been classified into HAVAC & refrigeration, industrial heat exchange equipment, plumbing, and others. The HVAC & refrigeration segment accounted for about 50% of the value share in 2021, and it is estimated to grow at a rapid pace during the forecast period. Rise in disposable income and sales of HVAC & refrigeration systems is expected to boost the copper pipes & tubes market. The boom witnessed in the construction sector and architectural projects is also anticipated to drive the demand for copper pipes and tubes used in the water distribution network. Rigid copper tubes are used for supplying hot and cold water to water taps at homes.

In air conditioning and refrigerant systems, copper tubes are used to circulate refrigerants at extreme pressures and temperatures between different components such as compressors, condensers, expansion valve, and evaporators. Copper tubes have almost replaced aluminum pipes and tubes used in the HVAC and refrigeration industry in the last few years, as the thermal conductivity of copper tubes is eight times higher than that of aluminum tubes. Furthermore, copper tubes are easier to repair and maintain; and offer superior strength, reliability, resistance to mechanical damages, and other external damages. Copper tubes possess excellent heat transfer characteristics over aluminum tubes and pipes. Rapid urbanization and rise in construction activities have led to the development of IT parks, malls, high-rise apartments, and skyscrapers, which require efficient HVAC systems for cooling and heating. Hence, a rise in the demand for HVAC systems in the construction sector is expected to drive the copper pipes and tubes market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=23678

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐓𝐡𝐞𝐫𝐦𝐚𝐥𝐥𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Copper tubes and pipes are extensively used in heat exchangers, as copper possesses desirable properties such as high thermal conductivity, biofouling resistance, corrosion resistance, creep rupture strength, fatigue strength, hardness, and thermal expansion. Other favorable properties include tensile strength, yield strength, high melting point, antimicrobial properties, ease of fabrication, and ease of joining. Rise in demand for thermally efficient heating equipment has led to an increase in demand for raw materials and components such as flexible copper pipes and tubes. Rise in demand for heating equipment such as furnaces, boilers, and heat pumps in various industries, such as mining, oil and gas, ferrous and non-ferrous processing, marine, aviation, and food & beverage, is expected to drive the global heat exchange equipment market. Consequently, growth of the heat exchange equipment market is expected to propel the global copper pipes and tubes market.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐍𝐨𝐧𝐜𝐨𝐫𝐫𝐨𝐬𝐢𝐯𝐞 𝐂𝐨𝐩𝐩𝐞𝐫 𝐏𝐢𝐩𝐞𝐬 𝐚𝐧𝐝 𝐓𝐮𝐛𝐞𝐬 𝐀𝐮𝐠𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

Copper and copper alloy pipes and tubes are widely used in harsh environments and applications because of their excellent corrosion resistance. They provide superior service in several applications requiring resistance to atmospheric exposure, such as roofing and other architectural uses, hardware, building fronts, grille work, handrails, lock bodies, doorknobs, and kick plates. Copper nickel tubes offer superior resistance to aqueous solutions and are extensively used for condenser tubes and heat exchanger tubes in recirculating steam systems. They are superior to copper and other copper alloys in resisting acid solutions. They offer high resistance to stress corrosion, cracking, and impingement corrosion.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐩𝐩𝐞𝐫 𝐏𝐢𝐩𝐞𝐬 & 𝐓𝐮𝐛𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of value and volume, Asia Pacific dominated the global copper pipes & tubes market in 2021. The region is estimated to maintain its dominance during the forecast period and hold more than 60 % share. The copper pipes & tubes market in the U.S. has been growing due to the increase in usage of copper pipes & tubes in the HVAC & refrigeration industry in the country.

The copper pipes & tubes market in North America is anticipated to grow at a rapid pace during the forecast period. This is majorly ascribed to the rise in demand for copper pipes that can be utilized in industrial heat exchange and thermal power plants in the region.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=23678

Middle East & Africa accounted for a relatively minor share of the global market in 2021. However, the market in the region is projected to grow at a significant pace during the forecast period. Increase in number of infrastructure development projects, rapid urbanization, growing middle-class population, and increase in demand for new houses are key factors that are expected to boost the copper pipes & tubes market in Middle East & Africa during the forecast period.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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