Varied Properties of Copper to Bring Immense Growth Prospects for Copper Pipes and Tubes Market during Tenure of 2019-2027: TMR

ALBANY, N.Y., Dec. 4, 2020 /PRNewswire/ -- The booming population numbers and the escalating urbanization across the world have brought immense opportunities for the global copper pipes and tubes market. The burgeoning growth of the oil and gas industry is also one of the prominent reasons for the growth of the copper pipes and tubes market.

The properties of copper pipes and tubes make them one of the preferred options for the stakeholders in the construction industry. It has extensive ability to withstand any type of temperature with ease. The lifespan of a typical copper pipe is 50-70 years depending on the overall environment and operating patterns. All these factors help to enhance the growth prospects of the copper pipes and tubes market.

Request for Covid-19 Impact Analysis on Copper Pipes and Tubes Market: https://www.transparencymarketresearch.com/Covid19.php

Based on the analysis of the researchers at Transparency Market Research, the global copper pipes and tubes market may expand at a CAGR of 3 percent during the forecast period of 2019-2027. The global copper pipes and tubes market was valued at US$ 29.7102 bn in 2018 and is expected to reach a valuation of US$ 39 bn by the end of the forecast period.

The effective use of copper pipes has led to the availability of clean water resources to communities as they do not release hazardous materials into water. In addition, they are flexible and highly durable. These pipes and tubes are fully recyclable. All these factors help in adding extra stars of growth to the copper pipes and tubes market.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php

Copper Pipes and Tubes Market: From Analysts' Desk

The copper pipes and tubes market is expected to gain majorly from Asia Pacific according to the experts at Transparency Market Research (TMR). The growing influence of smart and energy-efficient HVAC and refrigeration systems is further anticipated to increase the demand for copper pipes and tubes.

The analysts advise the players in the copper pipes and tubes market to strengthen their distribution network in Asia Pacific. The analysts also advise the players to focus more on launching new products that are related to HVAC and refrigeration for gaining more revenues.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/23678

Copper Pipes and Tubes Market:  Key Revelations

• The HVAC and refrigeration segment is prognosticated to prosper immensely during the assessment period
• The industrial heat-exchange equipment segment is expected to gain lucrative growth across the forecast period of 2019-2027
• Asia Pacific is the largest consumer of copper pipes and tubes, thus gaining the tag of the leading growth-contributing region
• China and India may serve as prominent growth contributors for Asia Pacific's copper pipes and tubes market during the assessment period

Purchase Premium Research Report on Copper Pipes and Tubes Market @ https://www.transparencymarketresearch.com/checkout.php

Copper Pipes and Tubes Market: Growth Accelerators

The increasing popularity of air conditioners and refrigerators may eventually lead to the growth of the copper pipes and tubes market across the forecast period of 2019-2027.

• Rapid industrialization around the world may serve as a positive growth indicator for the global copper pipes and tubes market
• Easy availability of raw materials and labor force may further assist in generating promising growth for the copper pipes and tubes market

Copper Pipes and Tubes Market: Vital Challenges

Volatility in prices of copper metals is a prime restraint. As the prices fluctuate, the rate of copper sometimes is costlier which proves to be a loss for the manufacturers as they cannot apply these prices to the consumers. Copper production is largely concentrated in Chile and Peru. These regions comprise nearly 40 percent share of the copper supply. Disruption in copper supply hampers the growth rate of the copper pipes and tubes market extensively.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

Global Copper Pipes and Tubes Market: Segmentation

By Application

• HVAC & Refrigeration
• Industrial Heat Exchange Equipment
• Plumbing
• Others

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

HDPE Pipes Market - Transparency Market Research delivers key insights on the global HDPE pipes market. In terms of revenue, the global HDPE pipes market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global HDPE pipes market. The global HDPE pipes market is broadly affected by several factors, including usage of HDPE pipes in the sewage & drainage systems and water supply lines. Thus, increase in applications of HDPE pipes in various application sectors is propelling the global HDPE pipes market.

Polyethylene Pipes & Fittings Market - The global polyethylene pipes & fittings market is primarily driven by the increase in usage of polyethylene pipes and fittings for water distribution in the water and wastewater treatment industry. Rise in investment in housing, infrastructure, and agriculture activities is estimated to boost the demand for polyethylene pipes and fittings across the globe. Water supply is the major requirement in construction and agricultural activities. This is projected to propel the demand for pipes and fittings. In turn, this is likely to augment the polyethylene pipes & fittings market. Over the last few years, demand for water distribution and service pipes has increased significantly in the building & construction sector, led by the rise in new housing construction and non-residential building activities. This has boosted the polyethylene pipes & fittings market.

Flexible Pipe Market - Flexible pipe finds an application in both offshore and onshore oil and gas activities. Increasing offshore and onshore drilling activities all over the world is a driving factor for the growth of flexible pipe market. Flexible pipe market is driven by the increasing energy demand all over the world and significant growth in the exploration and production activities in oil and gas industry which is anticipated to drive the market in near future. Rise in number of horizontal wells all over the world will be a key driver for the growth of Flexible Pipe market. Flexible pipes are used in horizontal wells. In comparison with vertical drilling, horizontal drilling is growing rapidly as production of horizontal wells is more than double. An increase in the installation of horizontal wells can be considered as a growth opportunity for Flexible Pipe market globally.

Reinforced Thermoplastic Pipes Market - The reinforced thermoplastic pipes market is driven by their increasing application in end-use industries such as transportation, expansion in the offshore oil & gas industry, and rise in adoption of these pipes on a large scale. Several industries use metal pipes that are prone to reaction with fluids and undergo corrosion. These pipes can cause economic losses. Therefore, governments and government agencies are imposing strict regulations on the industrial sector regarding the use of metal pipes. This is boosting the reinforced thermoplastic pipes market. However, the high cost of reinforced thermoplastic pipes and their installation is likely to hinder the market in the coming years.

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/copper-pipes-tubes-market.htm 
Website: http://www.transparencymarketresearch.com

SOURCE Transparency Market Research