The global copper pipes and tubes market was valued at USD 4.53 million in 2021 and is expected to reach USD 6.26 million by 2029, registering a CAGR of 4.12% during the forecast period of 2022-2029. The market is primarily driven by the increasing utilization of copper pipes and tubes in manufacturing non-flammable medical gas devices, plumbing systems, and heat exchanger equipment. The surge in construction activities in developing countries further accelerates market growth. The HVAC segment is expected to grow at the fastest CAGR owing to copper's beneficial qualities such as corrosion resistance, malleability, and energy efficiency.
The market's expansion is also influenced by the increasing demand across end users, driven by the product's benefits, such as ease of handling and non-pyrogenic properties. The growing demand for HVAC systems, expanding oil and gas industry, and rising adoption of solar thermal energy and waste heat recovery systems further boost the market. Additionally, the burgeoning demand for eco-friendly copper pipes and tubes and rising investments in developing and distributing these products create lucrative opportunities for market players.
However, fluctuations in raw material prices and certain disadvantages associated with copper pipes and tubes, such as susceptibility to failure at high water temperatures and condensation issues, pose challenges to market growth. Despite these challenges, the market is poised for steady growth due to ongoing innovations and investments.
Regionally, North America, Europe, Asia-Pacific, and LAMEA are expected to be significant markets, with North America leading due to its established infrastructure and high demand in construction and HVAC applications. Asia-Pacific is anticipated to witness the highest growth rate, driven by rapid urbanization and increasing construction activities.
Major market players included in this report are:
- Mueller Industries, Inc.
- Cerro Flow Products LLC
- Cambridge-Lee Industries LLC
- Furukawa Electric Co., Ltd.
- KME Germany GmbH & Co. KG
- Luvata Oy
- Qingdao Hongtai Metal Co., Ltd.
- Shanghai Metal Corporation
- Zhenjiang Hongda Copper Co., Ltd.
- Foshan Huahong Copper Tube Co., Ltd.
- Golden Dragon Precise Copper Tube Group Inc.
- H & H Tube
- Global Metals
- MetTube Sdn. Bhd.
- Wieland Copper Products LLC
L2: The detailed segments and sub-segment of the market are explained below:
By Type:
- Copper Pipes
- Copper Tubes
By Finish Type:
- LWC Grooved
- Straight Length
- Pan Cake
- LWC Plain
By Outer Diameter:
- 3/8
- 1/2
- 5/8 Inch
- 3/4
- 7/8
- 1 Inch
- Above 1 Inch
By Application:
- HVAC and Refrigeration
- Industrial Heat-Exchange Equipment
- Plumbing
- Others
- Common content for 'Report Description'
By Region:
- North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Copper Pipes and Tubes Market Executive Summary
- 1.1. Global Copper Pipes and Tubes Market Size & Forecast (2022- 2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Finish Type
- 1.3.3. By Outer Diameter
- 1.3.4. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Copper Pipes and Tubes Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Copper Pipes and Tubes Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increased Demand Across End Users
- 3.1.2. Growing Number of Population and Rapid Urbanization
- 3.2. Market Challenges
- 3.2.1. Fluctuation in Raw Material Prices
- 3.2.2. Disadvantages Associated With Copper Pipes and Tubes
- 3.3. Market Opportunities
- 3.3.1. Innovations, Investments, and Development
- 3.3.2. Burgeoning Demand for Eco-friendly Copper Pipes and Tubes
Chapter 4. Global Copper Pipes and Tubes Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Copper Pipes and Tubes Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Copper Pipes and Tubes Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Copper Pipes
- 5.2.2. Copper Tubes
Chapter 6. Global Copper Pipes and Tubes Market Size & Forecasts by Finish Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Copper Pipes and Tubes Market: Finish Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. LWC Grooved
- 6.2.2. Straight Length
- 6.2.3. Pan Cake
- 6.2.4. LWC Plain
Chapter 7. Global Copper Pipes and Tubes Market Size & Forecasts by Outer Diameter 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Copper Pipes and Tubes Market: Outer Diameter Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. 3/8
- 7.2.2. 1/2
- 7.2.3. 5/8 Inch
- 7.2.4. 3/4
- 7.2.5. 7/8
- 7.2.6. 1 Inch
- 7.2.7. Above 1 Inch
Chapter 8. Global Copper Pipes and Tubes Market Size & Forecasts by Application 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Copper Pipes and Tubes Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. HVAC and Refrigeration
- 8.2.2. Industrial Heat-Exchange Equipment
- 8.2.3. Plumbing
- 8.2.4. Others
Chapter 9. Global Copper Pipes and Tubes Market Size & Forecasts by Region 2022-2032
- 9.1. North America Copper Pipes and Tubes Market
- 9.1.1. U.S. Copper Pipes and Tubes Market
- 9.1.1.1. Type breakdown size & forecasts, 2022-2032
- 9.1.1.2. Finish Type breakdown size & forecasts, 2022-2032
- 9.1.1.3. Outer Diameter breakdown size & forecasts, 2022-2032
- 9.1.1.4. Application breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Copper Pipes and Tubes Market
- 9.1.2.1. Type breakdown size & forecasts, 2022-2032
- 9.1.2.2. Finish Type breakdown size & forecasts, 2022-2032
- 9.1.2.3. Outer Diameter breakdown size & forecasts, 2022-2032
- 9.1.2.4. Application breakdown size & forecasts, 2022-2032
- 9.2. Europe Copper Pipes and Tubes Market
- 9.2.1. U.K. Copper Pipes and Tubes Market
- 9.2.2. Germany Copper Pipes and Tubes Market
- 9.2.3. France Copper Pipes and Tubes Market
- 9.2.4. Spain Copper Pipes and Tubes Market
- 9.2.5. Italy Copper Pipes and Tubes Market
- 9.2.6. Rest of Europe Copper Pipes and Tubes Market
- 9.3. Asia-Pacific Copper Pipes and Tubes Market
- 9.3.1. China Copper Pipes and Tubes Market
- 9.3.2. India Copper Pipes and Tubes Market
- 9.3.3. Japan Copper Pipes and Tubes Market
- 9.3.4. Australia Copper Pipes and Tubes Market
- 9.3.5. South Korea Copper Pipes and Tubes Market
- 9.3.6. Rest of Asia Pacific Copper Pipes and Tubes Market
- 9.4. Latin America Copper Pipes and Tubes Market
- 9.4.1. Brazil Copper Pipes and Tubes Market
- 9.4.2. Mexico Copper Pipes and Tubes Market
- 9.4.3. Rest of Latin America Copper Pipes and Tubes Market
- 9.5. Middle East & Africa Copper Pipes and Tubes Market
- 9.5.1. Saudi Arabia Copper Pipes and Tubes Market
- 9.5.2. South Africa Copper Pipes and Tubes Market
- 9.5.3. Rest of Middle East & Africa Copper Pipes and Tubes Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Mueller Industries, Inc.
- 10.1.2. Cerro Flow Products LLC
- 10.1.3. Cambridge-Lee Industries LLC
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Mueller Industries, Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Cerro Flow Products LLC
- 10.3.3. Cambridge-Lee Industries LLC
- 10.3.4. Furukawa Electric Co., Ltd.
- 10.3.5. KME Germany GmbH & Co. KG
- 10.3.6. Luvata Oy
- 10.3.7. Qingdao Hongtai Metal Co., Ltd.
- 10.3.8. Shanghai Metal Corporation
- 10.3.9. Zhenjiang Hongda Copper Co., Ltd.
- 10.3.10. Foshan Huahong Copper Tube Co., Ltd.
- 10.3.11. Golden Dragon Precise Copper Tube Group Inc.
- 10.3.12. H & H Tube
- 10.3.13. Global Metals
- 10.3.14. MetTube Sdn. Bhd.
- 10.3.15. Wieland Copper Products LLC
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes