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Copper Pipes and Tubes - Global Market Trajectory & Analytics

  • ID: 835000
  • Report
  • February 2022
  • Region: Global
  • 332 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Cerro Flow Products LLC
  • Grupo IUSA, S.A. de C.V.
  • H& H Tube
  • Hailiang Group Co., Ltd.
  • KME Germany GmbH
  • Luvata Oy

Global Copper Pipes and Tubes Market to Reach 4.9 Million Tons by the Year 2026


Copper pipes and tubes are used in a range of piping and tubing applications in residential, commercial and industrial environments. To support use case in myriad applications and to meet the needs of various end-use systems, copper pipes and tubes are offered in different forms, patterns and configurations. Copper pipes and tubes are extensively used for manufacturing non-flammable medical gas devices, plumbing systems, and heat exchanger equipment. The demand for copper pipes and tubes fell in 2020 due to stoppage of all non-critical construction projects, reduced residential construction, reduced focus on smart cities, poor automotive demand, and contraction of the manufacturing sector, among other factors. In the post COVID-19 period, the global market for copper tubes as well as pipes will grow led by the importance of copper`s corrosion resistance, non-combustible property, and lightweight features in various end-use applications. Market growth will also be driven by the revival in demand for corrosion-resistant and durable copper piping and tubing for use in fuel oil systems, medical gas systems, underground gas and water supply systems, heat exchange systems, and HVAC&R as well as from renovation and construction activities.

Amid the COVID-19 crisis, the global market for Copper Pipes and Tubes estimated at 3.9 Million Tons in the year 2020, is projected to reach a revised size of 4.9 Million Tons by 2026, growing at a CAGR of 4.2% over the analysis period. HVAC, one of the segments analyzed in the report, is projected to grow at a 4.6% CAGR to reach 3 Million Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Heat Exchange segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 24.2% share of the global Copper Pipes and Tubes market. In the HVAC segment, the use of copper pipes and tubes continues to be driven by the heat transfer and antimicrobial features of the material, which makes them suited for use in HVAC applications. The shift towards intelligent and energy efficient HVAC systems is likely to spur growth in demand for copper pipes and tubes, due to the high corrosion resistance, machinability and superior thermal conductivity offered by copper. Industrial heat exchangers require materials that are capable of conducting heat and enabling its transfer in a rapid and efficient manner. In this regard, copper is preferred since it superior heat conductor, durable and thermally efficient, besides enabling quick heat transfer.

The U.S. Market is Estimated at 428.9 Thousand Tons in 2021, While China is Forecast to Reach 1.8 Million Tons by 2026


The Copper Pipes and Tubes market in the U.S. is estimated at 428.9 Thousand Tons in the year 2021. The country currently accounts for a 10.89% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 1.8 Million Tons in the year 2026 trailing a CAGR of 4.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach 1.9 Million Tons by the end of the analysis period. Asia-Pacific and China represent a key regional market for copper pipes and tubes, due to the presence of abundant natural resources, large workforce, and expanding manufacturing sector. Also, the rising demand for HVAC systems, urbanization, and government incentives and policies, among other factors are driving gains in the market. Developed economies in Western Europe and North America are expected to witness demand for copper pipes and tubes emerge from major industries such as mining, aerospace & defense, heavy engineering, and automotive.

Plumbing Segment to Reach 549.4 Thousand Tons by 2026


Copper tubes are being used in heating and plumbing systems, due to the material`s ability to endure extreme heat conditions without any degradation; ability to resistant to corrosion and high water-pressure; and ability to retain shape, and strength at high temperatures. In the global Plumbing segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of 326.9 Thousand Tons in the year 2020 will reach a projected size of 405.1 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 120.8 Thousand Tons by the year 2026, while Latin America will expand at a 3.4% CAGR through the analysis period.

Select Competitors (Total 110 Featured) -

  • Cerro Flow Products LLC
  • Cambridge-Lee Industries LLC
  • Fabrika bakarnih cevi Majdanpek
  • Foshan Huahong Copper Tube Co., Ltd.
  • Furukawa Electric Co., Ltd.
  • Golden Dragon Precise Copper Tube Group, Inc.
  • Grupo IUSA, S.A. de C.V.
  • H& H Tube
  • Hailiang Group Co., Ltd.
  • KME Germany GmbH
  • Kobelco & Materials Copper Tube, Ltd.
  • Luvata Oy
  • MM Kembla
  • Mueller Industries, Inc.
  • Ningbo Jintian Copper (Group) Co., Ltd.
  • Poongsan Corporation
  • Qingdao Hongtai Copper Co., Ltd.
  • Shanghai Metal Corporation
  • Wieland-Werke AG
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cerro Flow Products LLC
  • Grupo IUSA, S.A. de C.V.
  • H& H Tube
  • Hailiang Group Co., Ltd.
  • KME Germany GmbH
  • Luvata Oy

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • As Key End-Use Industries Take a Hit, Pandemic Affects Demand for Copper Pipes & Tubes
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Construction Industry: Despite the Pandemic-Induced Short-term Impact, Long-term Prospects Remain Promising
  • Global Construction Reset & Trajectory: Growth Outlook (In %) For Years 2019 Through 2025
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • An Introduction to Copper Pipes and Tubes
  • Types of Copper Tubes
  • Copper Tube Sizes
  • Copper Tube Standards
  • Joining Methods for Copper Pipes & Tubes
  • End-Use Applications
  • Global Copper Pipes and Tubes Market: Outlook & Prospects
  • Copper Production Worldwide: An Overview
  • World Copper Mine Reserves (in Thousand Metric Tons) by Country
  • Global Copper Mine Production (in Thousand Metric Tons) by Country for 2019 and 2020
  • Global Refined Copper Production by Country (in %): 2020
  • Competition
  • World Brands
  • Recent Market Activity
  • Copper Pipes and Tubes - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • HVAC&R Systems Emerge as the Major Application Market for Copper Pipes and Tubes
  • Global HVAC Systems Market Size (in US$ Billion) for the Years 2020, 2022, 2024 & 2026
  • Market Poised to Benefit from the Use of Copper Pipes & Tubes in Industrial Heat Exchangers
  • Global Heat Exchangers Market (in US$ Thousand) by Geographic Region for the Years 2020 and 2027
  • Improving Tube Designs Drive Performance Improvements for Industrial Heat Exchangers
  • Copper Pipes & Tubes Continue Find Demand in Water Distribution Applications
  • Bactericidal Property Support Use of Copper Tubes in Water Distribution Systems
  • Despite Emergence of Alternate Materials, Plumbing Remains a Major End-Use Market for Copper Pipes & Tubes
  • Rising Prominence of Copper Tubes in Heating Systems
  • Direct-Exchange Geothermal Climate Control Systems
  • Condensing Tank-less Gas Water Heaters
  • Solar Thermal Systems
  • Waste Heat Recovery Systems
  • Medical Copper Tubing Market: A Promising Market
  • Manufacture of Medical Copper Tubing
  • Demand Surges for Copper Pipes & Tubes in Medical Gas Systems
  • Global Medical Copper Tubing Market by Tube Type for 2020E
  • Copper Tubes Face Threat from PEX in Medical Applications
  • Automotive Industry Presents Significant Potential for Copper Pipes & Tubes
  • COVID-19 Pandemic’s Impact on Automotive Production to Affect Demand for Copper Pipes & Tubes
  • World Automobile Production in Million Units for 2008-2022
  • Copper Pipes Emerge as Suitable Options for Fire Sprinkler Systems
  • Plastic-Coated Copper Tubes Address the Needs of Aggressive Environments
  • Press-Connect and Push-Connect Fittings Gain Prominence
  • Use of Cupronickel Tubes Gains Traction
  • Rise in Volumes of Pipes & Tubes Made from Recycled Copper
  • Rise in Demand for Special Types of Tubes
  • Copper Holds Potential to Combat Viruses
  • Threat of Substitution Looms Large on Copper Pipes & Tubes Market
  • Volatile Copper Prices: A Major Challenge for the Market
  • Global Copper Prices (in US$ Per Pound) for the Years 2009-2020

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • An Introduction to Copper Tubing Used in the US
  • HVAC Industry Presents Significant Growth Potential for Copper Tubes
  • Plumbing Remains a Major Application Segment
  • Water Distribution Systems Make Use of Copper Pipes
  • US Water and Wastewater Pipes Breakdown of Value Demand by Material for 2020
  • Despite Move towards Alternate Materials, Utilities Continue to Use Traditional Materials in Pipe Networks
  • US Municipal Water & Wastewater CAPEX Breakdown by Segment for 2018-2027
  • Pipe Equipment Spend in Municipal Water & Wastewater Market by New, Replacement and Rehabilitation Segments in the US (2018-2027)
  • US Municipal Water & Wastewater CAPEX Spending on Pipes by Plastic Pipes and Traditional Pipe Materials for 2018-2027
  • Construction Industry Outlook: A Key Determinant of Growth in Pipes Market
  • US Construction Spending in US$ Billion for the Period January 2012 to January 2020
  • Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units (Apr 2020-Apr 2021)
  • US Construction Value (in US$ Million) for Residential and Non-Residential Sectors for Apr-2020 to Apr-2021

CANADA

JAPAN

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Japanese Production of Copper Pipes & Tubes (in Thousand Tons) for 2012-2019
  • Japanese Copper Pipes & Tubes Market Breakdown of Export Value by Country for 2020

CHINA

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Copper Pipes & Tubes Find Use in Plumbing Applications

EUROPE

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Heating and Plumbing Pipes Market Breakdown of Consumption by Material in Western Europe & Eastern Europe: 2020E

FRANCE

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Copper Pipes and Tubes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 110
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Cerro Flow Products LLC
  • Cambridge-Lee Industries LLC
  • Fabrika bakarnih cevi Majdanpek
  • Foshan Huahong Copper Tube Co., Ltd.
  • Furukawa Electric Co., Ltd.
  • Golden Dragon Precise Copper Tube Group, Inc.
  • Grupo IUSA, S.A. de C.V.
  • H& H Tube
  • Hailiang Group Co., Ltd.
  • KME Germany GmbH
  • Kobelco & Materials Copper Tube, Ltd.
  • Luvata Oy
  • MM Kembla
  • Mueller Industries, Inc.
  • Ningbo Jintian Copper (Group) Co., Ltd.
  • Poongsan Corporation
  • Qingdao Hongtai Copper Co., Ltd.
  • Shanghai Metal Corporation
  • Wieland-Werke AG
Note: Product cover images may vary from those shown