As per FMI predictions, the copper pipes and tubes market is slated to generate market revenue of US$ 34.8 billion in 2023. By registering a CAGR of 3.2% over the forecast period, the market is expected to top the market value of US$ 48.8 billion by 2033.
Growth-inducing Factors for Copper Pipes and Tubes Market:
New Trends Shaping the Market Outlook:
Key Market Disruptors:
Key Opportunities for Businesses Providing Copper Pipes and Tubes:
| Attributes | Details |
|---|---|
| Copper Pipes and Tubes Market Size (2023) | US$ 34.8 billion |
| Copper Pipes and Tubes Market Size (2033) | US$ 48.8 billion |
| Copper Pipes and Tubes Market Forecast CAGR (2023 to 2033) | 3.2% |
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The copper pipes and tubes market portrayed growth at a CAGR of 4.5% from 2018 to 2022. The market has been fueled by elevated demand for copper pipes and tubes in HVAC systems and plumbing due to cost-benefits and the long-term reliability of copper products. Apart from this primary factor, the increase in construction activities fostered market expansion in the prior period.
The market is presumed to expand at a CAGR of 3.2% over the assessment period. Expanding applications of copper pipes and tubes in solar energy-guided equipment and waste heat recovery systems are expected to create beneficial circumstances for leading players. Additionally, the manufacturers are hopping over to emerging regions to extract copper from untapped areas, thus benefiting financially from this process.
FMI opines the value of the copper pipes and tubes industry to be worth US$ 48.8 billion by 2033 end.
| Attributes | Details |
|---|---|
| Forecast CAGR (2018 to 2022) | 3.2% |
| Historical CAGR (2023 to 2033) | 4.5% |
The segment registered a CAGR of 4.1% in the historical period and is now projected to pace at a CAGR of 3%. The adoption of copper pipes and tubes, in the end, uses like HVAC is growing significantly due to its superior attributes. These include corrosion resistance, thermal conductivity, machinability in construction activities, and quick heat transfer.
Copper products also offer antimicrobial and antibacterial features, making them resourceful in HVAC units. Additionally, the climbing demand for HVAC throughout different commercial and residential construction areas is fueling the segment's growth.
International Energy Agency (IEA) reported that the worldwide energy demand for HVAC systems and air conditioning is expected to attain US$ 5.6 billion by 2050 end. Hence, with surging demand for energy-efficient HVAC systems, the market for copper pipes and tubes is also expected to run parallel.
| Attributes | Details |
|---|---|
| Forecast CAGR (2018 to 2022) | 3% |
| Historical CAGR (2023 to 2033) | 4.1% |
Principal Consultant
| Country | China |
|---|---|
| Market Value US$ (2033) | US$ 10.4 billion |
The China pipes and tubes industry is expected to acquire a prominent share of the market. By 2033, FMI has predicted that the market in China is expected to be worth US$ 10.4 billion. The market is anticipated to expand at a CAGR of 3.1% over the forecast period. High demand for copper pipes and tubes in oil and gas transportation, construction projects, and other end-use industries.
The surge in construction projects and infrastructural development in the country is expected to favor the market outlook in China. Demand for copper pipes and tubes is also rising for distribution and transportation due to soaring large gas pipeline projects. Copper tubing further finds application in automotive radiators due to its thermal conductivity, electrical conductor feature, and corrosion resistance.
Thriving automotive production is probably projected to increase the demand for copper pipes and tubes. All in all, spurring demand for copper pipes and tubes from different industries is expected to propel China’s market growth in the future.
| Attributes | Details |
|---|---|
| Forecast CAGR (2018 to 2022) | 3.1% |
| Historical CAGR (2023 to 2033) | 4.3% |
| Country | The United States |
|---|---|
| Market Value US$ (2033) | US$ 8.2 billion |
The United States pipes and tubes industry is estimated to attain US$ 8.2 billion by 2033. Over the forecast period, the market is expected to pace at a CAGR of 3.1%, in contrast to the 4.4% CAGR exhibited in the period from 2018 to 2022. Increasing the installation of HVAC in construction projects is expected to favor market growth in the country.
HVACs are inserted in different buildings, offices, fire sprinkler systems, etc., due to their non-pyrogenic features, malleability, recyclability, etc. The usage of copper piping and tubing for water line systems is also contributing to market growth.
As per the United States Census Bureau records, the construction expenditure of the United States throughout January 2022 was worth US$ 1,677 billion, indicating a 1.3% surge in comparison to the December projections. An increase in the application of copper pipes and tubes in multiple end uses is expected to support the United States market growth.
| Attributes | Details |
|---|---|
| Forecast CAGR (2018 to 2022) | 3.1% |
| Historical CAGR (2023 to 2033) | 4.4% |
The competitive landscape of the copper pipes and tubes market is fragmented, with numerous players operating. The market is punctuated with a limited amount of new players owing to large capital investments required to set up production units. Moreover, the switching costs and product differentiation are low in this market, thus fostering market growth.
Key Developments in the Market:
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| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion/ million for Value and Volume in ‘000’ Units |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, the United Kingdom, Germany, France, Spain, Italy, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, Oceania, GCC Countries, South Africa, Türkiye |
| Key Segments Covered | Product Type, End Use, and Region |
| Key Companies Profiled | Furukawa Electric Co., Ltd.; Global Brass and Copper Holdings, Inc.; ElvalHalcor; Mueller Industries; Aurubis AG; Cerro Flow Products LLC; Fabrika bakarnih cevi A.D. Majdanpek; Foshan Huahong Copper Tube Co., Ltd; Cambridge-Lee Industries LLC; H & H Tube; Zhejiang Hailiang Co., Ltd.; Kobelco & Materials Copper Tube Co., Ltd.; MM Kembla; Mehta Tubes Ltd.; Qingdao Hongtai Copper Co., Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market size of copper pipes and tubes is expected to be US$ 34.8 billion in 2023.
The market is anticipated to expand at a CAGR of 3.2% in the future.
The market is predicted to attain US$ 48.8 billion by 2033.
Burgeoning infrastructural projects are generating market opportunities for key players.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Seamless Copper Pipes and Tubes 5.3.2. Welded Copper Pipes and Tubes 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By End-Use, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By End-Use, 2023 to 2033 6.3.1. HVAC 6.3.2. Industrial Heat Exchange 6.3.3. Plumbing 6.3.4. Others 6.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By End-Use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By End-Use 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By End-Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By End-Use 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Product Type 10.2.3. By End-Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By End-Use 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Product Type 11.2.3. By End-Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By End-Use 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Product Type 12.2.3. By End-Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By End-Use 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. USA 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Product Type 13.1.2.2. By End-Use 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Product Type 13.2.2.2. By End-Use 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Product Type 13.3.2.2. By End-Use 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Product Type 13.4.2.2. By End-Use 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Product Type 13.5.2.2. By End-Use 13.6. UK 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Product Type 13.6.2.2. By End-Use 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Product Type 13.7.2.2. By End-Use 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Product Type 13.8.2.2. By End-Use 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Product Type 13.9.2.2. By End-Use 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Product Type 13.10.2.2. By End-Use 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Product Type 13.11.2.2. By End-Use 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Product Type 13.12.2.2. By End-Use 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Product Type 13.13.2.2. By End-Use 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Product Type 13.14.2.2. By End-Use 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Product Type 13.15.2.2. By End-Use 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Product Type 13.16.2.2. By End-Use 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Product Type 13.17.2.2. By End-Use 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Product Type 13.18.2.2. By End-Use 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Product Type 13.19.2.2. By End-Use 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Product Type 13.20.2.2. By End-Use 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Product Type 14.3.3. By End-Use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Furukawa Electric Co., Ltd. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Global Brass and Copper Holdings, Inc. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. ElvalHalcor 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Mueller Industries 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Aurubis AG 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Cerro Flow Products LLC 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Fabrika bakarnih cevi A.D. Majdanpek 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Foshan Huahong Copper Tube Co., Ltd 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Cambridge-Lee Industries LLC 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. H & H Tube 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 15.1.11. Zhejiang Hailiang Co., Ltd. 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 15.1.11.5.3. Channel Strategy 15.1.12. Kobelco & Materials Copper Tube Co., Ltd. 15.1.12.1. Overview 15.1.12.2. Product Portfolio 15.1.12.3. Profitability by Market Segments 15.1.12.4. Sales Footprint 15.1.12.5. Strategy Overview 15.1.12.5.1. Marketing Strategy 15.1.12.5.2. Product Strategy 15.1.12.5.3. Channel Strategy 15.1.13. MM Kembla 15.1.13.1. Overview 15.1.13.2. Product Portfolio 15.1.13.3. Profitability by Market Segments 15.1.13.4. Sales Footprint 15.1.13.5. Strategy Overview 15.1.13.5.1. Marketing Strategy 15.1.13.5.2. Product Strategy 15.1.13.5.3. Channel Strategy 15.1.14. Mehta Tubes Ltd. 15.1.14.1. Overview 15.1.14.2. Product Portfolio 15.1.14.3. Profitability by Market Segments 15.1.14.4. Sales Footprint 15.1.14.5. Strategy Overview 15.1.14.5.1. Marketing Strategy 15.1.14.5.2. Product Strategy 15.1.14.5.3. Channel Strategy 15.1.15. Qingdao Hongtai Copper Co., Ltd 15.1.15.1. Overview 15.1.15.2. Product Portfolio 15.1.15.3. Profitability by Market Segments 15.1.15.4. Sales Footprint 15.1.15.5. Strategy Overview 15.1.15.5.1. Marketing Strategy 15.1.15.5.2. Product Strategy 15.1.15.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Copper Pipes and Tubes Market
