Copper Tubes Market Size Worth $ 46.40 Billion By 2032 | CAGR: 3.4%

The global copper tubes market size is expected to reach USD 46.40 billion by 2032, according to a new study by Polaris Market Research. The report “Copper Tubes Market Share, Size, Trends, Industry Analysis Report, By Type (Straight lengths, Coils, Pancake or Flattened Tubes, U-Bends, Drawn Tubes, Others); By Thickness; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The application of copper tubes in diverse disciplines, including healthcare, construction, automotive, and industrial settings, is enhancing the global demand for them in the market. The increasing building and construction activities are facilitating the need for efficient tubes in wiring and water supply initiatives. Furthermore, global climate change is creating new demand for air conditioners and refrigerators, driving the requirement for copper tubes due to their durability and thermal conductivity properties.

The ongoing government emphasis on the development of infrastructure in their countries is undergoing a significant transformation in copper tube production. For instance, Mettube Copper India Private Limited has entered into an agreement with the Gujarat government to build a state-of-the-art copper tube production plant at Sanand, Ahmedabad District, which is likely to be commissioned by 2024. 

In December 2023, U.S. The Environmental Protection Agency announced a proposal to drive the faster removal of 100% of lead pipes in drinking water applications with an investment of $15 billion. This facilitates two choices for water utility providers: copper or plastic tubes. The lower chance of cracking or pipe failure, the ability to protect from UV rays, and the use of oxidizing disinfectants are expected to showcase significant opportunities in the coming years.

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The rising sustainability concerns in the marketplace are showing positive responses in the copper tube market. Key players are stepping forward with new investments to meet consumer interests and promote environmental sustainability. For instance, Wireland unveiled Cuprolife, a copper tube that is made from 100% recycled copper.

The growing research activities on developing new product innovations to meet ongoing consumer cooling requirements are enforcing the utility of copper tubes. For instance, in February 2023, Hisense introduced its new range of ACs, IntelliPro, and CoolingXpert in India. They are 100% inner-grooved with copper, allowing long-term use with higher cooling efficiency.

The increasing need for copper tubes in the industry is enabling companies to expand their production capacity with the adoption of technological advancements and strategic investments. As an example, PDS. U.S., a copper tube manufacturing company, spent $18.5 million to expand its production facility in Rock Hill. 

Copper Tubes Market Report Highlights

• Coils segment is anticipated to witness the highest growth in the coming years due to its reliability and durability.
• Thin wall gauge segment accounted for the largest market share owing to its use in switchboards and transformers.
• HVAC segment is projected to experience a larger revenue share due to the rising demand for luxurious housing.
• Asia Pacific is projected to register the fastest growth during the forecast period, attributable to the rising demand for cooling systems.
• The global players include Cambridge - Lee Industries LLC, CERRO Flow Products LLC, KOBE STEEL, LTD., KME Group S.p.A, LUVATA, & MM Kembla.

Polaris Market Research has segmented the copper tubes market report based on type, thickness, application, and region:

Copper Tubes, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Straight lengths
• Coils
• Pancake or flattened tubes
• U-Bends
• Drawn tubes
• Others

Copper Tubes, Thickness Outlook (Revenue - USD Billion, 2019 - 2032)

• Standard gauge
• Extra heavy gauge
• Thin wall gauge
• Capillary tubes
• Others

Copper Tubes, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Plumbing
• HVAC
• Industrial
• Medical gas system
• Fire sprinkler system
• Automotive
• Others

Copper Tubes, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Copper Tubes Market Report Scope