The future of the global copper pipe and tube market looks good with opportunities in the HVAC (Heat, Ventilation, and Air Conditioning), refrigeration, industrial, electrical, plumbing, and medical industries. The global copper pipe and tube market is expected to reach an estimated $19.7 billion by 2027, and it is forecast to grow at a CAGR of 2.3% from 2022 to 2027. The major drivers for this market are increasing demand for thermal efficient heat exchange equipment, rise in construction activities, and increasing automotive production.
The study includes trends and forecast for the global copper pipe and tube market by end use, product type, diameter, pressure rating and region as follows:
Answer: The global copper pipe and tube market is expected to reach an estimated $19.7 billion by 2027.
Q2. What is the growth forecast for copper pipe and tube market?
Answer: The copper pipe and tube market is expected to grow at a CAGR of ~2% from 2020 to 2025.
Q3. What are the major drivers influencing the growth of the copper pipe and tube market?
Answer: The major drivers for this market are increasing demand for thermal efficient heat exchange equipment, rise in construction activities, and increasing automotive production.
Q4. What are the major end uses or applications for the copper pipe and tube market?
Answer: HVAC, refrigeration, industrial, electrical, plumbing, and medical are the major end uses of copper pipes and tubes.
Q5. What are the emerging trends in copper pipe and tube market?
Answer: Emerging trends, which have direct impact on the dynamics of the industry, include adoption of advanced materials in copper pipes and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes.
Q6. Who are the key copper pipe and tube companies?
Answer: Some of the key copper pipe and tube companies are as follows:
Answer: The analyst forecasts straight length copper pipes will remain the largest product type segment over the forecast period, as straight length pipes are mostly used in medical, plumbing, and refrigeration.
Q8: In copper pipe and tube market, which region is expected to be the largest in the next five years?
Answer: Asia Pacific is expected to be the largest region over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the copper pipe and tube market?
Q.5 What are the business risks and threats to the copper pipe and tube market?
Q.6 What are emerging trends in this copper pipe and tube market and the reasons behind them?
Q.7 What are some changing demands of customers in the copper pipe and tube 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 pipe and tube market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the copper pipe and tube market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the copper pipe and tube market?
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Emerging Trends in Copper Pipe and Tube Market
Emerging trend, which has a direct impact on the dynamics of the industry, includes adoption of advance material in copper pipes and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes.Copper Pipe and Tube Market by Segment
In this market, small diameter pipe is the largest market by diameter, whereas HVAC is largest market by end use type.The study includes trends and forecast for the global copper pipe and tube market by end use, product type, diameter, pressure rating and region as follows:
Copper Pipe and Tube Market by End Use [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
- HVAC
- Refrigeration
- Industrial
- Electrical
- Plumbing
- Medical
- Others
Copper Pipe and Tube Market by Product Type [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
- Straight Length Pipes
- Pancake Pipes
- LWC (Level Wound Coil) Plain Pipes
- LWC Grooved Pipes
Copper Pipe and Tube Market by Diameter [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
- Small Diameter Pipes
- Large Diameter Pipes
Copper Pipe and Tube Market by Pressure Rating [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
- High Pressure Pipes
- Low Pressure Pipes
Copper Pipe and Tube Market by Region [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
- North America
- United States
- Canada
- Mexico
- Europe
- Russia
- Germany
- United Kingdom
- Asia Pacific
- China
- Japan
- India
- The Rest of the World
- Middle East
List of Copper Pipe and Tube Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, copper pipe and tube companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the copper pipe and tube companies profiled in this report include-- Mueller
- Wieland
- Hailiang
- Kobelco and Materials Copper Tube
- Furukawa Electric
- Mettube
- Shanghai Metal
- Grupo IUSA
Copper Pipe and Tube Market Insights
- The analyst forecasts that straight length pipes will remain the largest product type segment and it is also expected to witness the highest growth over the forecast period due to increasing demand for refrigeration and HVAC in residential and industrial sector.
- Within the copper pipe and tube market, small diameter pipes will remain the largest diameter segment, and it is also expected to witness the highest growth over the forecast period due to increasing demand for high pressure pipes in industrial, refrigeration, and medical gas system.
- Asia Pacific will remain the largest region over the forecast period, and it is also expected to witness the highest growth over the forecast period due to increasing demand for copper pipes and tubes in HVAC, refrigeration, and automotive end uses.
Features of Copper Pipe and Tube Market
- Market Size Estimates: Copper pipe and tube market size estimation in terms of value ($M) and volume (Kilo Tons) shipment.
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Copper pipe and tube 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 pipe and tube market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different end use, product type, diameter, pressure rating, and regions for copper pipe and tube market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the copper pipe and tube market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the copper pipe and tube market size?Answer: The global copper pipe and tube market is expected to reach an estimated $19.7 billion by 2027.
Q2. What is the growth forecast for copper pipe and tube market?
Answer: The copper pipe and tube market is expected to grow at a CAGR of ~2% from 2020 to 2025.
Q3. What are the major drivers influencing the growth of the copper pipe and tube market?
Answer: The major drivers for this market are increasing demand for thermal efficient heat exchange equipment, rise in construction activities, and increasing automotive production.
Q4. What are the major end uses or applications for the copper pipe and tube market?
Answer: HVAC, refrigeration, industrial, electrical, plumbing, and medical are the major end uses of copper pipes and tubes.
Q5. What are the emerging trends in copper pipe and tube market?
Answer: Emerging trends, which have direct impact on the dynamics of the industry, include adoption of advanced materials in copper pipes and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes.
Q6. Who are the key copper pipe and tube companies?
Answer: Some of the key copper pipe and tube companies are as follows:
- Mueller
- Wieland
- Hailiang
- Kobelco and Materials Copper Tube
- Furukawa Electric
- Mettube
- Shanghai Metal
- Grupo IUSA
Answer: The analyst forecasts straight length copper pipes will remain the largest product type segment over the forecast period, as straight length pipes are mostly used in medical, plumbing, and refrigeration.
Q8: In copper pipe and tube market, which region is expected to be the largest in the next five years?
Answer: Asia Pacific is expected to be the largest region over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global copper pipe and tube market by end use (HVAC, refrigeration, industrial, electrical, plumbing, medical, and others), product type (straight length pipes, pancake pipes, 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 Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the copper pipe and tube market?
Q.5 What are the business risks and threats to the copper pipe and tube market?
Q.6 What are emerging trends in this copper pipe and tube market and the reasons behind them?
Q.7 What are some changing demands of customers in the copper pipe and tube 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 pipe and tube market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the copper pipe and tube market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the copper pipe and tube market?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis from 2016 to 2027 by Region
5. Competitor Analysis
6. Cost Structure Analysis
7. Growth Opportunities and Strategic Analysis
8. Company Profiles of Leading Players
Companies Mentioned
- Wieland Group
- Mueller Industries
- Hailiang Group
- Kobelco and Materials Copper Tube (KMCT)
- Furukawa Electric
- Mettube
- Shanghai Metal Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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