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The copper pipes and tubes market share is expected to increase by USD 4.96 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 3.15%.
This copper pipes and tubes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers copper pipes and tubes market segmentation by end user (HVAC, industrial heat exchange, plumbing, and others) and geography (APAC, Europe, North America, South America, and MEA). The copper pipes and tubes market report also offers information on several market vendors, including Aurubis AG, Cerro Flow Products LLC, Daechu Industrial Co. Ltd., ELVALHALCOR Hellenic Copper and Aluminium Industry SA, FURUKAWA Co. Ltd., KME Germany GmbH & Co. KG, Kobe Steel Ltd., MetTube Sdn Bhd, Mitsubishi Materials Corp., and Mueller Industries Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for copper tubes and pipes in the HVAC segment is notably driving the copper pipes and tubes market growth, although factors such as volatile costs of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the copper pipes and tubes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Copper Pipes And Tubes Market Driver
Increasing demand for copper tubes and pipes in the HVAC segment is a major driver fueling the copper pipes and tubes market growth. The global HVAC systems market is expanding owing to the rise in population levels, increase in new home sales, increase in per capita income levels (especially in India and China), industrialization (especially in APAC), and increase in construction expenditure. The growth of the global HVAC systems market contributes to a corresponding growth of the global copper pipes and tubes market. Copper pipes and tubes are preferred for HVAC installations in commercial and residential buildings. The advantages of copper pipes and tubes are the following: Ease of handling and malleabilityReduced costs of installation and improved performance-pyrogenic property and non-toxic nature long lifespan, corrosion resistance, high mechanical strength, ability to withstand high temperatures, and UV-resistant property recycling properties copper pipes and tubes are characterized by temperature resistance and warming properties. The installation of copper pipes and tubes in heating systems prevents overheating-related risks.
Key Copper Pipes And Tubes Market Trend
Key Copper Pipes And Tubes Market Challenge
Volatile costs of raw materials are a major hindrance to the copper pipes and tubes market growth. Volatile costs of raw materials negatively impact the growth of the global copper pipes and tubes market. The conversion of copper cathode (raw material) to copper tubes is a resource-intensive process. The cost of the end-product is a summation of the cost of raw materials and manufacturing and distribution expenses. High costs of end-products negatively impact the profit margins of the existing market vendors. Ineffective pricing strategies impact the sales volume and revenue of the key vendors in the global copper pipes and tubes market. Though suppliers in the market are impacted by price fluctuations, the market vendors are significantly impacted by the non-uniform price levels of raw materials. Such price fluctuations increase the degree of uncertainty and risks borne by the vendors. The imposition of high raw-material prices on end customers significantly impacts the sales of copper tubes and pipes. This limits the growth of the global copper pipes and tubes market.
This copper pipes and tubes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global copper pipes and tubes market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the copper pipes and tubes market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the copper pipes and tubes market encompasses successful business strategies deployed by the key vendors. The copper pipes and tubes market is fragmented and the vendors are deploying organic and inorganic growth to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The copper pipes and tubes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the copper pipes and tubes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of construction materials includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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