According to a new market report published by Lucintel, the growth of the global copper pipe and tube market is expected to remain flat 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 decline in 2020 due to global economic recession lead by COVID-19. However the market will witness recovery in the year 2021 and the market is expected to reach an estimated $17.3 billion by 2025 with a CAGR of 4%-6% from 2020 to 2025. The major drivers for this market are increasing demand for thermal efficient heat exchange equipment, rise in construction activities, and increasing automotive production.
In this market, straight length pipes, pancake pipes, LWC (Level Wound Coil) plain pipes, and LWC grooved pipes are used in various applications. Lucintel forecasts that the straight length copper pipe will remain the largest segment over the forecast period, as straight length pipe is mostly used in medical, plumbing, and refrigeration.
Within this market copper pipe and tube for HVAC market will remain the largest end use industry over the forecast period due to increasing residential and non residential construction activities.
Asia Pacific will remain the largest region over the forecast period due to increasing demand for copper pipes and tubes in the HVAC, refrigeration, and automotive industries.
Emerging trends, which have direct impact on the dynamics of the industry, include adoption of advance material in copper pipe and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes. Mueller, Wieland, Hailiang, Kobelco and Materials Copper Tube (KMCT), Furukawa Electric, Mettube, Shanghai Metal, and Grupo IUSA are among the major suppliers in the global copper pipe and tube market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global copper pipe and tube market by end use, product type, diameter, pressure rating, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Copper Pipe and Tube Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. 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:
By End Use [Value ($ Million) and Volume (Million Tons) from 2014 – 2025]:
By Product Type [Value ($ Million) and Volume (Million Tons) from 2014 – 2025]:
• Straight Length Pipes
• Pancake Pipes
• LWC Plain Pipes
• LWC Grooved Pipes
By Diameter [Value ($ Million) and Volume (Million Tons) from 2014 – 2025]:
• Small Diameter Pipes
• Large Diameter Pipes
By Pressure Rating [Value ($ Million) and Volume (Million Tons) from 2014 – 2025]:
• High Pressure Pipes
• Low Pressure Pipes
By Region [Value ($ Million) and Volume (Million Tons) from 2014 – 2025]:
• North America
o United States
o United Kingdom
• Asia Pacific
• The Rest of the World
o Middle East
This 295 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at email@example.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
This report answers 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, 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 market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this 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 this 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 this market?