Summary

The global copper pipes and tubes market size reached 4.9 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 6.4 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.12% during 2024-2032. The growing installation of heating, ventilation, and air conditioning (HVAC) systems, rising construction of residential, industrial, and commercial infrastructure, and increasing popularity of waste heat recovery systems represent some of the key factors driving the market.

Rising Adoption of Cupro-nickel Tubes Supporting Market Growth

Cupro-nickel tubes are manufactured from the amalgamation of copper and nickel and offer enhanced malleability. In addition, the rising global seaborne trade, coupled with a positive outlook towards the shipping industry, is catalyzing the demand for cupro-nickel pipes and tubes around the world. Cupro-nickel pipes and tubes are widely employed for brake tubing purposes, which is further impelling the growth of the market. They are also utilized in marine applications, as they offer improved resistance to macro fouling rates and seawater corrosion.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The structure of the global copper pipes and tubes market is fragmented in nature, with a large number of players operating. The volume of new players is moderate due to the requirement of large capital investments. Furthermore, the product differentiation and switching costs are low in the copper pipes and tubes market.

What are Copper Pipes and Tubes?

Copper pipes and tubes are specialized products made from copper that are extremely durable in nature. They are commercially available in a wide variety of diameters and wall thicknesses. They are non-permeable to air and gas and offer reduced chances of leakage and contamination caused by oxygen, ultraviolet (UV) rays, and temperature from the external environment. They possess a high yield, tensile, and fatigue strength with antibacterial properties, which play a crucial role in the transportation of medical gases and water distribution systems. They are widely utilized in underground water and gas services, chilled water mains, drainage and vent systems, solar heating systems, fuel-oil systems, non-flammable medical gas systems, and industrial heat exchanger systems. Furthermore, as copper pipes and tubes offer high thermal conductivity, dimensional stability, and corrosion resistance, their demand is rising around the world.

COVID-19 Impact:

The outbreak of COVID-19 negatively impacted the growth of the copper pipes and tubes market as lockdowns were imposed around the world, causing production to slow down in the initial days. Few operating plants were burdened with supply disruptions due to the unavailability of raw materials, labor shortage, and low stocks. The demand for copper pipes and tubes from the construction, automotive, and electrical industries slowed down during the initial days of the pandemic, which increased the unsold inventory levels and caused massive losses. The pandemic also threatened logistics and transportation activities due to the imposition of road restrictions and social distancing. After the upliftment of lockdowns and road restrictions, several organizations began focusing on improving their operational capacity to increase domestic production and meet the rising demand from the industries.

Copper Pipes and Tubes Market Trends:

At present, the increasing demand for copper pipes and tubes, as they offer long-term reliability and various cost-benefits, represents one of the primary factors impelling the growth of the market. In addition, the rising construction of residential, industrial, and commercial infrastructures around the world is propelling the growth of the market. Besides this, the growing installation of heating, ventilation, and air conditioning (HVAC) systems in various buildings to maintain good indoor air quality (IAQ) through adequate ventilation and filtration is offering a favorable market outlook. Additionally, the increasing demand for copper pipes and tubes, as they are easy to handle and offer malleability, recyclability, and non-pyrogenic properties, is contributing to the growth of the market. Apart from this, the rising utilization of solar energy due to the growing environmental awareness among the masses is positively influencing the market. Moreover, the increasing popularity of waste heat recovery systems that recover thermal energy from exhaust gas and convert it into electrical energy is bolstering the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global copper pipes and tubes market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on finish type, outer diameter and end-user.

Finish Type Insights:

LWC Grooved
Straight Length
Pan Cake
LWC Plain

The report has provided a detailed breakup and analysis of the copper pipes and tubes market based on the finish type. This includes LWC grooved, straight length, pancake, and LWC plain. According to the report, LWC grooved represented the largest segment as it is extensively utilized by manufacturers of refrigeration and conditioning systems. Besides this, the rising availability of advanced variants of LWC copper tubes is propelling the growth of the respective segment.

Outer Diameter Insights:

3/8, 1/2, 5/8 Inch
3/4, 7/8, 1 Inch
Above 1 Inch

A detailed breakup and analysis of the copper pipes and tubes market based on the outer diameter has also been provided in the report. This includes 3/8, 1/2, 5/8 inch, 3/4, 7/8, 1 inch, and above 1 inch. According to the report, 3/8, 1/2, 5/8 inch accounted for the largest market share as it is widely integrated into heating, ventilation, and air conditioning (HVAC) systems and industrial heat-exchange equipment. In addition, the rising demand for 3/8, 1/2, 5/8 inch copper tubes and pipes for plumbing purposes is bolstering the growth of the respective segment.

End-User Insights:

HVAC
Industrial Heat Exchanger
Plumbing
Electrical
Others

A detailed breakup and analysis of the copper pipes and tubes market based on the end-user has also been provided in the report. This includes HVAC, industrial heat exchanger, plumbing, electrical, and others. According to the report, HVAC accounted for the largest market share on account of the increasing installation of HVAC systems in various residential and commercial buildings. Besides this, rising demand for HVAC systems as they improve indoor air quality and filter allergens are supporting the growth of the market.

Regional Insights:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, Europe, North America, the Middle East and Africa and Latin America. According to the report, Asia Pacific was the largest market for copper pipes and tubes. Some of the factors driving the Asia Pacific copper pipes and tubes market included the growing popularity of electric vehicles (EVs), rising construction of commercial and industrial infrastructure, increasing installation of charging stations in various public places, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global copper pipes and tubes market. Some of the companies covered in the report include:

Furukawa Electric Co., Ltd
KME Germany GmbH
Kobe Steel, Ltd.
Luvata (Mitsubishi Materials Corporation)
MetTube Sdn Bhd
Mueller Industries Inc.
KMCT Corporation
Cerro Flow Products LLC
Golden Dragon Precise Copper Tube Group Inc.
Mehta Tubes Limited
Qingdao Hongtai Metal Co.,Ltd.
Shanghai Hailiang Copper Tubes Co., Ltd.

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global copper pipes and tubes market in 2023?
2. What is the expected growth rate of the global copper pipes and tubes market during 2024-2032?
3. What are the key factors driving the global copper pipes and tubes market?
4. What has been the impact of COVID-19 on the global copper pipes and tubes market?
5. What is the breakup of the global copper pipes and tubes market based on the finish type?
6. What is the breakup of the global copper pipes and tubes market based on the outer diameter?
7. What is the breakup of the global copper pipes and tubes market based on the end-user?
8. What are the key regions in the global copper pipes and tubes market?
9. Who are the key players/companies in the global copper pipes and tubes market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Copper Pipes and Tubes Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Finish Type
5.5 Market Breakup by Outer Diameter
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Finish Type
6.1 LWC Grooved
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Straight Length
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Pancake
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 LWC Plain
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Outer Diameter
7.1 3/8, 1/2, 5/8 Inch
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 3/4, 7/8, 1 Inch
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Above 1 inch
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End-User
8.1 HVAC
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Industrial Heat Exchanger
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Plumbing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electrical
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
13.1 Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Furukawa Electric Co., Ltd
14.3.2 KME Germany GmbH
14.3.3 Kobe Steel, Ltd.
14.3.4 Luvata (Mitsubishi Materials Corporation )
14.3.5 MetTube Sdn Bhd
14.3.6 Mueller Industries Inc .
14.3.7 KMCT Corporation
14.3.8 Cerro Flow Products LLC
14.3.9 Golden Dragon Precise Copper Tube Group Inc .
14.3.10 Mehta Tubes Limited
14.3.11 Qingdao Hongtai Metal Co.,Ltd.
14.3.12 Shanghai Hailiang Copper Tubes Co., Ltd .
List of Figures
Figure 1: Global: Copper Pipes and Tubes Market: Major Drivers and Challenges
Figure 2: Global: Copper Pipes and Tubes Market: Sales Volume (in Million Tons), 2018-2023
Figure 3: Global: Copper Pipes and Tubes Market: Breakup by Finish Type (in %), 2023
Figure 4: Global: Copper Pipes and Tubes Market: Breakup by Outer Diameter (in %), 2023
Figure 5: Global: Copper Pipes and Tubes Market: Breakup by End-User (in %), 2023
Figure 6: Global: Copper Pipes and Tubes Market: Breakup by Region (in %), 2023
Figure 7: Global: Copper Pipes and Tubes Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 8: Global: Copper Pipes and Tubes Industry: SWOT Analysis
Figure 9: Global: Copper Pipes and Tubes Industry: Value Chain Analysis
Figure 10: Global: Copper Pipes and Tubes Industry: Porter’s Five Forces Analysis
Figure 11: Global: Copper Pipes and Tubes (LWC Grooved) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 12: Global: Copper Pipes and Tubes (LWC Grooved) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 13: Global: Copper Pipes and Tubes (Straight Length) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 14: Global: Copper Pipes and Tubes (Straight Length) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 15: Global: Copper Pipes and Tubes (Pancake) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 16: Global: Copper Pipes and Tubes (Pancake) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 17: Global: Copper Pipes and Tubes (LWC Plain) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 18: Global: Copper Pipes and Tubes (LWC Plain) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 19: Global: Copper Pipes and Tubes (3/8, 1/2, 5/8 Inch) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 20: Global: Copper Pipes and Tubes (3/8, 1/2, 5/8 Inch) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 21: Global: Copper Pipes and Tubes (3/4, 7/8, 1 inch) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 22: Global: Copper Pipes and Tubes (3/4, 7/8, 1 Inch) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 23: Global: Copper Pipes and Tubes (Above 1 Inch) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 24: Global: Copper Pipes and Tubes (Above 1 inch) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 25: Global: Copper Pipes and Tubes (HVAC) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 26: Global: Copper Pipes and Tubes (HVAC) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 27: Global: Copper Pipes and Tubes (Industrial Heat Exchanger) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 28: Global: Copper Pipes and Tubes (Industrial Heat Exchanger) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 29: Global: Copper Pipes and Tubes (Plumbing) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 30: Global: Copper Pipes and Tubes (Plumbing) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 31: Global: Copper Pipes and Tubes (Electrical) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 32: Global: Copper Pipes and Tubes (Electrical) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 33: Global: Copper Pipes and Tubes (Other End-Users) Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 34: Global: Copper Pipes and Tubes (Other End-Users) Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 35: Asia Pacific: Copper Pipes and Tubes Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 36: Asia Pacific: Copper Pipes and Tubes Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 37: Europe: Copper Pipes and Tubes Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 38: Europe: Copper Pipes and Tubes Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 39: North America: Copper Pipes and Tubes Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 40: North America: Copper Pipes and Tubes Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 41: Middle East and Africa: Copper Pipes and Tubes Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 42: Middle East and Africa: Copper Pipes and Tubes Market Forecast: Sales Volume (in Million Tons), 2024-2032
Figure 43: Latin America: Copper Pipes and Tubes Market: Sales Volume (in Million Tons), 2018 & 2023
Figure 44: Latin America: Copper Pipes and Tubes Market Forecast: Sales Volume (in Million Tons), 2024-2032

List of Tables
Table 1: Global: Copper Pipes and Tubes Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Copper Pipes and Tubes Market Forecast: Breakup by Finish Type (in Million Tons), 2024-2032
Table 3: Global: Copper Pipes and Tubes Market Forecast: Breakup by Outer Diameter (in Million Tons), 2024-2032
Table 4: Global: Copper Pipes and Tubes Market Forecast: Breakup by End-User (in Million Tons), 2024-2032
Table 5: Global: Copper Pipes and Tubes Market Forecast: Breakup by Region (in Million Tons), 2024-2032
Table 6: Global: Copper Pipes and Tubes Market Structure
Table 7: Global: Copper Pipes and Tubes Market: Key Players