NEW YORK, November 21, 2022 /PRNewswire/ — Copper Pipe and Tubing Market Trends, Opportunities and Forecasts to 2027 by End Use (HVAC, Refrigeration, Industrial, Electrical, Plumbing, Medical, Others), Product Type (Straight Pipes, pancake, LWC plain pipes and LWC grooved pipes), diameter (small diameter pipes and large diameter pipes), pressure rating (high pressure pipes and low pressure pipes) and region (North America, Europe, Asia Pacificand the rest of the world)
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Copper Pipes and Tubes Market Trends and Forecasts
The future of the global copper pipe and tubing market looks bright with opportunities in HVAC (heat, ventilation and air conditioning), refrigeration, industrial, electrical, plumbing and of medicine. Global Copper Pipes and Tubes Market Expected to Reach Estimated Level $19.7 billion by 2027, and it is expected to grow at a CAGR of 2.3% from 2022 to 2027. The major drivers for this market are increasing demand for thermally efficient heat exchange equipment, increasing construction activities and the increase in automobile production.
Emerging trends in the copper pipes and tubes market
The emerging trend, which has a direct impact on the dynamics of the industry, includes the adoption of advanced materials in copper pipes and tubes, the growing demand for copper pipes in electric and hybrid vehicles, and the increasing adoption antimicrobial copper tubing.
A total of 202 figures/graphs and 171 tables are provided in this 295-page report to help you with your trading decisions. An example figure with some ideas is shown below. To know the scope, benefits, companies studied and other details of the Copper Pipes and Tubes market report, download the report brochure. The growth in various segments of the copper pipes and tubes market is shown below:
Copper Pipes and Tubes Market by Segment
In this market, small diameter pipe is the largest market in terms of diameter, while HVAC is the largest market in terms of end-use type.
The study includes global copper pipe and tubing market trends and forecasts by end use, product type, diameter, pressure rating and region as follows:
Copper Pipes and Tubes Market by End Use [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
• HVAC
• Refrigeration
• Industrial
• Electrical
• Plumbing
• Medical
• Others
Copper Pipes and Tubes Market by Product Type [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
• Straight length pipes
• Câpe Pipes
• LWC (Level Wound Coil) Single Hoses
• LWC Grooved Tubes
Copper Pipes and Tubes Market by Diameter [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
• Small diameter pipes
• Large diameter pipes
Copper Pipes and Tubes Market by Rated Pressure [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
• High pressure hoses
• Low pressure hoses
Copper Pipes and Tubes Market by Region [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
• North America
oh United States
oh Canada
oh Mexico
• Europe
oh Russia
oh Germany
oh UK
• Asia Pacific
oh China
oh Japan
oh India
• The rest of the world
oh Middle East
List of copper pipe and tube companies
The companies in the market compete on the basis of the quality of the products offered. The major players in this market are focusing on expanding their manufacturing facilities, R&D investments, infrastructure development and leveraging integration opportunities along the value chain. Through these strategies, copper pipe and tube companies meet growing demand, ensure competitive efficiency, develop innovative products and technologies, reduce production costs and expand their customer base. Some of the Copper Pipe and Tube Companies profiled in this report include-
• Muller
• Wieland
• Hailiang
• Kobelco and Materials Copper Tube
• Furukawa Electric
• Mettube
• Shanghai Metal
• IUSA Group
Overview of copper pipes and tubes market
• The analyst predicts that straight length pipes will remain the largest product type segment and is also expected to witness the highest growth during the forecast period owing to the growing demand for refrigeration and HVAC in the residential and industrial sectors.
• In the copper pipes and tubes market, small diameter pipes will remain the largest diameter segment, and it is also expected to witness the highest growth during the forecast period owing to the increasing demand for high pressure pipes in industry, refrigeration and medical. gas system.
• Asia Pacific will remain the largest region during the forecast period, and it is also expected to witness the highest growth during the forecast period owing to the growing demand for copper pipes and tubes in the end uses of HVAC, refrigeration and automotive.
Characteristics of the copper pipes and tubes market
• Market Size Estimates: Estimated market size for copper tubing and pipe in terms of shipping value (M$) and volume (Kilo Tons).
• Trend and forecast analysis: market trends (2016-2021) and forecasts (2022-2027) by various segments and regions.
• Segmentation Analysis: Copper pipe and tubing market size by various segments, such as end-use, product type, diameter, pressure rating, and regions in terms of value and volume.
• Regional Analysis: Copper Tubes and Pipes Market Breakdown by North America, Europe, Asia Pacificand the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different end uses, product types, diameters, pressure ratings and regions for the copper pipes and tubes market.
• Strategic Analysis: This includes mergers and acquisitions, new product development, and competitive landscape for the copper pipes and tubes market.
• Analysis of the competitive intensity of the industry based on Porter’s five forces model.
FAQs
Q1. What is the copper tubing and pipe market size?
Answer: The global copper tubes and pipes market is expected to reach an estimated level $19.7 billion by 2027.
Q2. What is the growth forecast for the copper pipes and tubes market?
Answer: The copper pipe and tube market is expected to grow at a CAGR of approximately 2% from 2020 to 2025.
Q3. What are the key drivers influencing the growth of the Copper Pipes and Tubes market?
Answer: The main drivers of this market are the growing demand for heat exchange equipment with high thermal efficiency, the increase in construction activities and the increase in automotive production.
Q4. What are the major end-uses or applications of the Copper Pipes and Tubes Market?
Answer: HVAC, refrigeration, industrial, electrical, plumbing, and medical are the primary end uses for copper pipe and tubing.
Q5. What are the emerging trends in the copper pipes and tubes market?
Answer: Emerging trends, which directly impact the dynamics of the industry, include the adoption of advanced materials in copper pipes and tubes, the growing demand for copper pipes in electric and hybrid vehicles, and the growing adoption of antimicrobial copper tubing.
Q6. Who are the major copper pipe and tube companies?
Answer: Some of the major copper pipe and tube companies are as follows:
• Muller
• Wieland
• Hailiang
• Kobelco and Materials Copper Tube
• Furukawa Electric
• Mettube
• Shanghai Metal
• IUSA Group
Q7.
What will be the largest product type segment of the copper pipes and tubes market in the future?
Answer: The analyst predicts that straight length copper pipes will remain the largest product type segment during the forecast period, as straight length pipes are mainly used in medical, plumbing and refrigeration.
Q8: In the copper pipes and tubes market, which region is expected to be the most important in the next five years?
Answer: Asia Pacific expected to be the largest region in the next five years.
Q9. Are we getting personalization in this report?
Answer: Yes, the analyst provides 10% customization at no additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential growth opportunities for the global copper pipes and tubes market by end-use (HVAC, refrigeration, industrial, electrical, plumbing, medical and others), product type (straight pipes, pancake pipes, LWC smooth pipes and LWC grooved pipes), diameter (small diameter pipes and large diameter pipes), pressure rating (high pressure pipes and low pressure pipes) and region (North America, Europe, Asia Pacificand the rest of the world)?
Q.2 Which segments will experience faster growth and why?
Q.3 Which regions will experience faster growth and why?
Q.4 What are the major factors affecting market dynamics? What are the drivers and challenges of the copper tubes and pipes market?
Q.5 What are the business risks and threats in the Copper Pipes and Tubes market?
Q.6 What are the emerging trends in this copper pipes and tubes market and the reasons behind them?
Q.7 What are the changing customer demands in the copper pipes and tubes market?
Q.8 What are the new developments in the copper pipe and tube market? Which companies are leading these developments?
Q.9 Who are the major players in the copper pipes and tubes market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products and processes in the copper pipe and tubing market, and what threat do they pose for loss of market share through material or product substitution?
Q.11 What M&A activities have taken place in the last five years in the copper pipes and tubes market?
For Any Query Related to Copper Pipes and Tubes Market or Copper Pipes and Tubes Market Share, Copper Pipes and Tubes Market Analysis, Copper Pipes and Tubes Market Size and manufacturers of copper pipe and tubing, write to Lucintel analysts at helpdesk@lucintel. com. We will be happy to answer you soon.
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