This market research report presents a detailed segmentation of the global copper pipes and tubes market by finish type (LWC grooved, straight length, pan cake, and LWC plain), by end-user (HVAC, industrial heat exchanger, plumbing, and electrical and others), and by geography (APAC, Europe, North America, and ROW). The leading vendors in the market are KMCT, Luvata, MetTube, and Mueller.
Technavio has released a new market research report on the global copper pipes and tubes market, which is expected to grow at a CAGR of more than 3% between 2016 and 2020. Copper pipes and tubes are highly malleable and can be easily bent, joined, or modified without additional joints and elbows. Also, these tubes are non-pyrogenic, corrosion-resistant, and completely recyclable, which makes them most preferable for HVAC installations in commercial and residential buildings. APAC dominates the global copper pipes and tubes market, accounting for 45% of the total market share. Factors such as developments in the infrastructure and electronics sector in India and Japan and increased exports of HVAC systems propel region’s growth in the market.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the manufacturers are increasingly developing tubes made of cupronickel or brass alloys for specific applications. These tubes are used in industrial applications where the chances of corrosion are more, and seawater is used. Copper-nickel alloys are extensively used for marine applications due to their excellent resistance to low macro fouling rates, seawater corrosion, and good malleability. The non-marine applications of cupronickel tubes include brake tubing, cryogenic applications, and silver-colored coins,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research
HVAC dominates the global copper tubes and pipes market, accounting for 56% of the total market share. Copper tubes find several applications in the HVAC segment owing to their antimicrobial properties and better thermal conductivity than conventional pipes. Rapid growth in construction activities has boosted the demand for HVAC systems, which will propel the sales of copper tubes in the coming years.
The key vendors in the global copper pipes and tubes market are KMCT, Luvata, MetTube, and Mueller. The market is primarily dominated by vendors based in Malaysia, Thailand, Japan, Europe, and China. Many vendors from Europe and the US are also exploring emerging markets like the Middle East and South Asia to increase their sales. Suppliers from China have a competitive advantage over other vendors in terms of scalability and lower fabrication cost. Also, support from their government in terms of export subsidies is expected to increase the revenues of these vendors.
A more detailed analysis is available in the Technavio report, Global Copper Pipes and Tubes Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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