Copper Tubes Market Trends

Global Copper Tubes Market Overview

Copper Tubes Market Size was valued at USD 40.09 Billion in 2022. The Copper Tubes industry is projected to grow from USD 41.02 Billion in 2023 to USD 71.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.38% during the forecast period (2023 - 2032). The increasing adoption of HVAC systems, the ongoing construction of residential, industrial, and commercial buildings, and the growing interest in waste heat recovery systems are expected to be significant market drivers for the Copper Tubes Market.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Copper Tubes Market Trends

• 
  

  Growing applications in the HVAC and air conditioning systems and increasing demand in the medical sector are driving the market growth

  
  

Market CAGR for Copper Tubes is being driven by the Growing applications in the HVAC and air conditioning systems and increasing demand in the medical sector. The robust demand for copper pipes and tubes in the HVAC and air conditioning systems segment is a primary driver of market growth. HVAC systems are integral to maintaining air quality, temperature, and humidity control in various settings, including hotels, homes, offices, and construction projects. Copper pipes and tubes play a crucial role in safeguarding these systems against corrosion, moisture, contaminants, and harmful emissions. Copper's resilience makes it an ideal choice for long-term protection. For instance, Johnson Controls-Hitachi Air Conditioning made a substantial investment of USD 22.5 million to establish a development center in Gujarat, India, highlighting the growth in HVAC unit installations within the construction and automotive sectors.

Additionally, the medical sector presents a significant demand for copper pipes and tubes. Copper tubing offers several advantages, including antibacterial properties, non-flammability, flexibility, and durability. Copper piping acts as a bacteriostatic agent, reducing microbial contamination and the transfer of bacteria. The healthcare industry in India, for example, is poised to reach USD 132.85 billion by 2022, further driving the application of copper pipes and tubes for the transfer of medical gases and liquids. Copper's non-flammable nature, corrosion resistance, and durability contribute to its increasing use in the medical sector, offering substantial growth opportunities in the market.

As a result, it is anticipated that throughout the projection period, demand for the Copper Tubes Market will increase due to the Growing applications in the HVAC and air conditioning systems and Increasing demand in the medical sector. Thus, driving the Copper Tubes Market revenue.

In the near future, Gujarat will begin manufacturing copper tubes specifically designed for air conditioning and refrigeration purposes. The Industries, Mines Department of GoG (Government of Gujarat) has entered into a Memorandum of Understanding (MoU) with Mettube Copper India Pvt Ltd, a prominent company specializing in the manufacturing and advancement of copper tubes, located in Gandhinagar. Mettube India Pvt Ltd is scheduled to commence operations at its advanced copper tube manufacturing facility in the Sanand-II Industrial Area, with production expected to commence in January 2024. In order to achieve the objective of an independent India, as envisioned by Prime Minister Shri Narendra Modi, the establishment of a copper tube manufacturing facility will commence in Gujarat, marking the first of its kind in the country. The proposed facility would be established in Gujarat in response to the incentives offered by the Central Government to encourage the production of copper tubes in the country. The proposed facility aims to mitigate the carbon footprint of upcoming products through the production of fifth-generation copper tubes. The state government would offer suitable support to initiate the proposed facility in Gujarat. World-class appliance manufacturers mostly utilize high-efficiency, environmentally friendly copper tube products. The location selected to initiate the planned copper tube project is Sanand in Gujarat. The first phase of this proposed enterprise will generate employment for roughly 1500 individuals, both directly and indirectly, through its ecosystem.

Copper Tubes Market Segment Insights

Copper Tubes Market Type Insights

The Copper Tubes Market segmentation, based on Type includes Straight lengths, Coils, Pancake or flattened tubes, U-Bends, Drawn tubes, and Others. The coils segment dominated the market, accounting for XX% of market revenue (XX Billion). Copper tubes are widely used in air conditioning systems due to their ability to efficiently transfer heat. As the demand for air conditioning systems rises, particularly in regions with hot climates, the coil segment benefits from this increased usage. The residential, commercial, and industrial sectors all contribute to this demand, making copper tubes a vital component in air conditioning.

Figure 1: Copper Tubes Market, by Type, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Copper Tubes Market Thickness Insights

The Copper Tubes Market segmentation, based on Thickness includes Standard gauge, Extra heavy gauge, Thin wall gauge, Capillary tubes, and Others. The standard gauge segment dominated the market, accounting for XX% of market revenue (XX Billion). Copper is known for its excellent corrosion resistance properties. This is especially crucial in plumbing systems where water contact is continuous. Standard gauge copper tubes offer long-lasting performance, reducing the risk of leaks, blockages, and maintenance issues in water supply systems. Copper is a preferred choice in plumbing due to its compatibility with safe drinking water. It doesn't corrode or contaminate the water, ensuring compliance with health and safety standards. As regulations and standards for water quality become more stringent, the use of standard gauge copper tubes becomes increasingly important.

Copper Tubes Market Application Insights

The Copper Tubes Market segmentation, based on Application includes Plumbing, HVACR, Industrial, Medical gas Systems, Fire Sprinkler Systems, Automotive, and Others. The HVACR segment dominated the market, accounting for XX% of market revenue (XX Billion). The HVAC sector has secured the largest market share, primarily due to the widespread adoption of HVAC systems in both residential and commercial structures. Additionally, the market benefits from the increasing demand for HVAC systems driven by their ability to enhance indoor air quality and effectively filter allergens, further contributing to market growth.

Copper Tubes Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Copper Tubes market in North America can be attributed to several key factors. The HVAC and refrigeration sector stands as a prominent consumer of copper tubes, driven by the increasing demand for energy-efficient HVAC systems. Copper's exceptional heat transfer capabilities and durability position it as the preferred choice for critical components like heat exchangers and refrigerant lines. According to the U.S. Energy Information Administration's Residential Energy Consumption Survey (RECS), approximately 76 million primarily occupied homes in the United States, constituting 64% of the total, rely on central air-conditioning equipment. An additional 13 million households (11%) utilize heat pumps for both heating and cooling purposes. Furthermore, stringent energy efficiency standards set to be in effect by 2023 for all new residential air-conditioning and air-source heat pump systems sold in the United States are fueling the HVAC equipment market. The quest for dependable climate control systems, be it in residential or commercial environments, further propels market growth.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: COPPER TUBES MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Copper Tubes Market accounts for the second-largest market share as Europe leads the way in embracing renewable energy, with a particular focus on solar and geothermal solutions. Notably, the European Union (EU) achieved its renewable energy target of 20% in 2020. By 2022, a substantial 22.5% of the energy consumed in the EU will originate from renewable sources. Furthermore, the EU saw an increase in the share of energy from renewables used for transport, which rose from under 2% in 2005 to 8.7% in 2022, as per preliminary data from the European Environment Agency (EEA). Copper tubes are indispensable components in solar thermal systems and geothermal heat pumps, making them instrumental in the renewable energy sector. As Europe continues to invest in clean and sustainable energy alternatives, the demand for copper tubes in these applications has experienced notable growth. Further, the German Copper Tubes Market held the largest market share, and the UK Copper Tubes Market was the fastest growing market in the European region

The Asia-Pacific Copper Tubes Market is expected to grow at the fastest CAGR from 2023 to 2032. Copper tubing plays a crucial role in automotive radiators, due to its exceptional thermal conductivity, resistance to corrosion, electrical conductivity, and strength. As the automotive production sector continues to expand, the demand for the copper pipes and tubes industry is poised for substantial growth. For instance, data from the Society of Indian Automobile Manufacturers (SIAM) reveals that the total vehicle production in India reached 22.65 million vehicles for the 2020-21 period. With robust demand for copper pipes and tubes across diverse industries in the APAC region, the copper pipes and tubes industry is set for growth during the forecast period. Moreover, China’s Copper Tubes Market held the largest market share, and the Indian Copper Tubes Market was the fastest-growing market in the Asia-Pacific region.

Copper Tubes Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Copper Tubes market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Copper Tubes industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Copper Tubes industry to benefit clients and increase the market sector. In recent years, the Copper Tubes industry has offered some of the most significant advantages to the construction, energy, and manufacturing sectors. Major players in the Copper Tubes Market, including Mueller Streamline Co. (US), KME Group S.p.A (Italy), Wieland Group (Germany), LUVATA (Finland), KOBE STEEL, LTD (Japan), Cambridge- Lee Industries LLC (USA), Shanghai Metal Corporation (China), Qingdao Hongtai Copper Co., LTD (China), CERRO Flow Products LLC (USA), MM Kembla (Australia) are attempting to increase market demand by investing in research and development operations.

Mueller Streamline Co. is a manufacturer of copper, brass, aluminum, and plastic products. Their product range includes copper tubes and fittings, brass and copper alloy rods, bars, and shapes, aluminum and brass forgings, plastic valves, and fittings, among others. Mueller caters to various industries, including HVAC, plumbing, refrigeration, and hardware. They also distribute imported plumbing valves, malleable iron fittings, and plumbing specialty products. With a presence spanning the US, Canada, the UK, the Middle East, Great Britain, Mexico, South Korea, and China, Mueller Streamline is headquartered in Collierville, Tennessee, USA.

Kobe Steel Ltd is a prominent manufacturer in the steel industry. Their product portfolio includes a wide range of steel, aluminum, and copper products, such as steel casting, forgings, titanium, copper sheets, and strips, as well as welding products and aluminum alloys. Additionally, the company offers construction and recycling machinery, including equipment for construction, metal, and resource recycling, as well as forestry machinery. Kobe Steel extends its services to encompass residential property sales, building management, insurance, leasing, testing, and research. With a operational presence spanning North America, South America, Asia, Oceania, Europe, and the Middle East, Kobe Steel is headquartered in Kobe, Hyogo, Japan. In January 2020, Kobe Steel, Ltd. announced that its subsidiary, Kobelco & Materials Copper Tube Co., Ltd. (KMCT), successfully obtained JIS certification for "JIS H3300 copper and copper alloy seamless pipes and tubes" from an authorized JIS certification body.

Key companies in the Copper Tubes Market include

• 
  

  Mueller Streamline Co. (US)

  
  


• 
  

  KME Group S.p.A (Italy)

  
  


• 
  

  Wieland Group (Germany)

  
  


• 
  

  LUVATA (Finland)

  
  


• 
  

  KOBE STEEL, LTD (Japan)

  
  


• 
  

  Cambridge- Lee Industries LLC (USA)

  
  


• 
  

  Shanghai Metal Corporation (China)

  
  


• 
  

  Qindao Hongtai Copper Co., LTD (China)

  
  


• 
  

  CERRO Flow Products LLC (USA)

  
  


• 
  

  MM Kembla (Australia).

  
  

Copper Tubes Industry Developments

January 2021: In January 2021, Kobe Steel's subsidiary, Kobelco & Materials Copper, achieved JIS Certification for JIS H3300 copper and copper alloy pipes and tubes.

July 2019: In July 2019, Brass and Copper Holdings, Inc. and the Wieland Group unveiled their merger plans, aiming to provide a comprehensive range of copper products, including tubes, pipes, wire, and more.

In March 2024, the Adani Group, a conglomerate involved in coal and airports, announced its expansion into India's metals sector. They commenced operations at their first copper facility located in Mundra, Gujarat. Adani Enterprises, the company that operates the copper industry, aims to compete with Hindalco Industries, which is supported by KM Birla, by having a capacity of 0.5 million tonnes per annum (MTPA) in the initial stage. Hindalco Industries is presently the sole prominent copper producer in India, following the shutdown of Vedanta's Sterlite Copper facility, which had a capacity of 400 kilo tonnes per annum (KTPA) in Tamil Nadu. Adani's initial production capacity of 0.5 million tonnes can assist address the shortfall in domestic production. The company announced its plans to establish a factory with a capacity of one million metric tons per annum (MTPA) in two stages. The first phase will require an investment of approximately $1.2 billion. The company is called Kutch Copper and functions as a subsidiary of Adani Enterprises. Adani's conglomerate currently operates in many sectors including power, ports, airports, data centers, food, coal mining, highways, city-gas, and cement. A significant number of these enterprises were first nurtured and developed within the corporate structure of Adani Enterprises.

Hailiang Group (2023) - Hailiang introduced new copper tube products with improved thermal conductivity and anti-corrosion capabilities. The redesigned tubes are made to work better in industrial applications and HVAC systems.

Mueller Industries (2023) - Mueller unveiled a new range of copper tubes with a high strength that are meant to be used in air conditioning and refrigeration systems. These tubes have better resistance to environmental conditions and greater durability.

Copper Tubes Market Segmentation

Copper Tubes Market Type Outlook

• 
  

  Straight lengths

  
  


• 
  

  Coils

  
  


• 
  

  Pancake or flattened tubes

  
  


• 
  

  U-Bends

  
  


• 
  

  Drawn tubes

  
  


• 
  

  Others

  
  

Copper Tubes Market Thickness Outlook

• 
  

  Standard gauge

  
  


• 
  

  Extra heavy gauge

  
  


• 
  

  Thin wall gauge

  
  


• 
  

  Capillary tubes

  
  


• 
  

  Others

  
  

Copper Tubes Market Application Outlook

• 
  

  Plumbing

  
  


• 
  

  HVACR

  
  


• 
  

  Industrial

  
  


• 
  

  Medical gas System

  
  


• 
  

  Fire Sprinkler System

  
  


• 
  

  Automotive

  
  


• 
  

  Others

  
  

Copper Tubes Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • Russia
  
  
  • UK
  
  
  • Italy
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • Rest of World
  
  
  
  


• Middle East
  
  
  
  • Africa
  
  
  • Latin America