Copper Pipes and Tubes Market Research Report 2023-2028, Leading Companies Overview, Industry Share, Size, and Forecast

IMARC Group, a leading market research company, has recently releases report titled "Copper Pipes and Tubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global copper pipes and tubes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the copper pipes and tubes market?

• Market Size in 2022: 4.7 Million Tons
• Market Forecast in 2028: 5.7 Million Tons
• Growth rate (2023 to 2028): CAGR of 20.02%
• Base Year of the Analysis: 2022
• Forecast Period: 2023-2028

What are copper pipes and tubes?

Copper pipes and tubes refer to the plumbing materials that work by providing a channel for fluids to flow through. These pipes and tubes can be joined using solder or compression fittings and are ideal for hot water and heating applications due to their efficient thermal conductivity. Copper offers resistance to rust and other forms of corrosion, therefore the pipes and tubes reduce the risk of leaks and other plumbing failures while carrying corrosive fluids. In addition to this, pipes and tubes made of copper are durable and have a long lifespan unlike other materials, such as PVC or PEX, thereby reducing the need for frequent repair and replacements. Some of the advantages provided by these pipes and tubes include recyclable material, good conductor of electricity, easy soldering and brazing capabilities, and an environmentally friendly choice for plumbing systems.

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What are the growth prospects and trends in the copper pipes and tubes industry?

The global market is primarily driven by the augmenting demand from the construction industry, particularly in emerging economies. This can be attributed to the considerable growth in the number of construction and infrastructure development activities. In addition to this, the rapid product utilization in electrical and electronics applications including power generation and transmission, electronic gadgets, and telecommunication systems is providing a impetus to the market. Moreover, continual product innovations, such as the advent of polyvinyl chloride (PVC) coated copper tubes are also creating lucrative growth opportunities in the market. In addition to this, the increasing installations of heating, ventilation, and air conditioning (HVAC) systems in residential, commercial and industrial settings is impacting the market positively. Furthermore, the growing adoption of copper pipes and tubes in the manufacturing of automotive cooling and refrigeration systems, brake systems, and fuel lines is propelling the market. Some of the other factors contributing to the market growth include rapid industrialization, continual technological advancements and extensive research and
development (R&D) activities.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Finish Type:

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

Breakup by Outer Diameter:

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

Breakup by End-User:

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

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

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

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