Copper Pipes and Tubes Market to Witness a Pronounce Growth During 2017 - 2025

Copper pipes and tubes are generally utilized to supply hot water and cold water. They are also employed as refrigerant line in high voltage AC systems. Furthermore, copper pipes and tubes are customized to cater individual requirements for many applications such as ultra-low bandwidth devices.

In terms of finish type, the copper pipes and tubes market can be segmented into straight length, pancake, LWC plain, and LWC grooved. Additionally, in terms of application, the market can be segmented into plumbing, industrial heat exchanger, high voltage AC, electrical, and others. Moreover, in terms of geography, the market can be segmented into Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America.

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Rapid Industrialization coupled with growing population lave led to the increase in sales of home, houses and construction expenditures. Rising demand for ventilation, heating and air conditioning high voltage AC segments is actually driving the expansion of the market globally. Properties and characteristics of copper pipes and tubes are also major factors that are fuelling the expansion of the market. These characteristics include non-pyrogenic, corrosion-resistant, and highly malleable. They can also be bent, joined, and deformed without separate joints. Copper pipes and tubes are recyclable and cheap. Therefore, they are highly preferred in high voltage AC systems installations in residential and commercial buildings. Increased usage of copper pipes and tubes in air conditioning and refrigeration systems, as they are cost effective in comparison to conventional coils, along with lowered prices of copper is playing a vital role in driving the expansion of the copper pipes and tubes market. This trend is persuading manufacturers to explore new business opportunities in the copper pipes and tubes market. This, in turn, is driving the expansion of the market globally. Increasing awareness and popularity of copper pipes and tubes in the building& construction industry is a factor that is fuelling the expansion of the market. Moreover, reduced or low maintenance cost of copper pipes and tubes is a key factor boosting the expansion of the copper pipes and tubes market. The oil and gas industry is a rapidly expanding end-user industry segment where copper pipes and tubes have found numerous applications. . Increase in demand of low power wide area network in emerging markets of Asia-Pacific (APAC) along with various technological needs are acting as opportunities of this Copper pipes and tubes market. Latest Copper pipes and tubes in place of conventional and typical single metal bearings is further driving the expansion of the copper pipes and tubes market. These factors are playing a vital role and are simultaneously affecting and contributing to the expansion of the copper pipes and tubes market significantly. The copper pipes and tubes market is expanding significantly, as the telecommunication and defense sector and large-scale industries are expanding considerably across the globe. This, in turn, is increasing the demand for copper pipes and tubes in the market. Manufacturers are consistently focusing on product development in the emerging markets, as there are opportunities to grow and increase their market share globally.

Geographically, Asia Pacific (APAC) is a prominent market for copper pipes and tubes followed by Europe. The market in Europe expanding rapidly. Europe is the second leading market in terms of market share Russia and Germany are the leading contributors in Europe. China and Japan are among the leading contributors in Asia Pacific.

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The global copper pipes and tubes market is fragmented with many established players. The major players in the market are primarily from Malaysia, Japan, Thailand, China, and Europe. Key players of the market include KME, KMCT, Luvata, Met Tube, Mueller, Cerroflow Products, Furukawa Metal, Golden Dragon, Mehta Tubes, Qinddao Hongtai Metal, and Shanghai Hailiang Copper Tubes.

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