According to the research report titled ‘Global Copper Pipes & Tubes Market Size study with COVID Impact, By Product Type (Copper Pipes, Copper Tubes) By Demand Type (Plumbing, HVAC, Refrigeration, Industrial) and Regional Forecasts 2020-2027‘, available with Market Study Report, global copper pipes & tubes market was valued at USD 41 million in 2019 and is expected to witness a y-o-y growth rate of 3.25% during 2020-2027.
 

Copper pipes and tubes find extensive application in HVAC systems due to their easy handling, malevolence, non-pyrogenic nature, and recyclability, which in turn is augmenting the market growth. According to recent estimates by Statista, the HVAC market is likely to reach 151.1 million units by 2024 and is poised to amass USD 367.5 billion by the year 2030. Evolving consumer lifestyle, rising construction projects, and widespread adoption of HVAC systems are impelling global copper pipes & tubes market size.
 

Copper pipes have major applications in industries due to their non-reactive and non-corrosive nature. They are used for transportation of gas to ensure protection against contamination from outside environment. Copper is non-permeable to gas & air, and minimizes the chances of oxygen and temperature leakage.
 

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Copper tubes and pipes are widely utilized in municipal applications due to their advantages, such as light weight, economy, ease of joining, safety, and longer lifespan. Furthermore, expansion of liquid petroleum and natural gas lines networks in emerging nations will create appealing opportunities for global copper pipes & tubes industry players.
 

Based on product type, global copper pipes & tubes market is segmented into copper tubes, and copper pipes. With regards to demand type, the industry is bifurcated into refrigeration, plumbing, HVAC, and industrial.
 

From geographical perspective, global copper pipes & tubes market is divided into Asia Pacific, Latin America, Europe, North America, and rest of the world. Asia-Pacific market is expected to grow substantially over 2020-2027, mainly due to rise in sales of industrial and domestic HVAC systems. High investment for development and distribution of copper pipes and tubes, along with fast industrialization and urbanization in the region. Furthermore, various municipal constructions and infrastructure developments in China and India are poised to fuel Asia Pacific copper pipes & tubes industry outlook during the forecast period.
 

Major players operating in global copper pipes & tubes market include Lawton Copper Tubes, Furukawa Electric Co. Ltd., Mueller Industries Inc., MetTube Sdn. Bhd, Global Brass & Copper Holdings Inc., ElvalHalcor SA, Cerro Flow Products LLC, Aurubis AG, and Luvata Oy.