Copper Tubes Market Expected to Reach USD 71.58 Billion by 2032 | Growing at a CAGR of 6.38%

Market Research Future (MRFR) has published a cooked research report on the “Copper Tubes Market” that contains information from 2018 to 2032. The Copper Tubes Market is estimated to register a CAGR of 6.38% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Copper Tubes Market— 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).

Market Highlights

The global Copper Tubes Market is accounted to register a CAGR of 6.38% during the forecast period and is estimated to reach USD 71.58 billion by 2032.

The copper pipes and tubes market is experiencing growth due to the rising demand for these products in HVAC, refrigeration systems, and air conditioning systems. Additionally, the utilization of copper pipes and tubes across various sectors, including medical, construction, and electronics, is expanding, driven by their exceptional qualities such as strength and thermal conductivity.

Segment Analysis

The global Copper Tubes Market has been segmented based on Type, Thickness, and Application.

Based on Type, the market is segmented into Straight lengths, Coils, Pancake or flattened tubes, U-Bends, Drawn tubes, and Others. The Coils segment was attributed to holding the largest market share in 2022.  One of the primary drivers of growth in the coil segment is the increasing demand for copper tubes in HVAC (Heating, Ventilation, and Air Conditioning) and refrigeration systems. Copper's excellent thermal conductivity and corrosion resistance make it an ideal choice for these applications. As the construction and industrial sectors continue to grow, the demand for efficient and reliable HVAC and refrigeration systems also increases, subsequently boosting the need for copper tubes.

Based on the Thickness, the Copper Tubes Market has been segmented into Standard gauge, Extra heavy gauge, Thin wall gauge, Capillary tubes, and Others. The Standard gauge segment was expected to hold the largest market share in 2022. Standard gauge copper tubes are widely used in construction and plumbing applications. They serve as essential components in water supply systems, including residential, commercial, and industrial plumbing. The growth in construction activities, driven by urbanization and infrastructure development, significantly contributes to the demand for standard gauge copper tubes.

Based on the Application, the Copper Tubes Market has been segmented into Plumbing, HVACR, Industrial, Medical gas Systems, Fire Sprinkler Systems, Automotive, and Others. The HVACR segment was expected to hold the largest market share in 2022. The market for copper pipes and tubes is experiencing heightened demand in HVAC and refrigeration applications due to its exceptional properties, including superior thermal conductivity, corrosion resistance, efficient heat transfer, and ease of machining, which are crucial in construction projects. Copper tubes offer additional benefits, such as antibacterial and antimicrobial features, making them an ideal choice for HVAC units and refrigeration systems. These tubes play a vital role in facilitating the flow of refrigerants and components within HVAC systems. The increased demand for HVAC and refrigeration systems in residential and commercial construction projects is a significant driver for the copper pipes and tubes market. According to the International Energy Agency (IEA), the global energy demand for air conditioning and HVAC systems is projected to reach USD 5.6 billion by 2050, further fueling the growth of the copper pipes and tubes market in response to the rising need for energy-efficient HVAC and refrigeration solutions.

Regional Analysis

The global Copper Tubes Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Copper Tubes Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Copper Tubes Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Copper Tubes Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Copper Tubes Market was maintained by the North American regional sector. The construction sector in North America is currently undergoing a substantial expansion, and it plays a pivotal role in the robust USD 20 trillion U.S. economy. This sector relies on a vast and intricate infrastructure network encompassing elements like roads, bridges, rail systems, electrical grids, and internet connectivity. In July 2021, the United States Department of Transportation (USDOT) initiated the Infrastructure for Rebuilding America (INFRA) program, allocating USD 905.25 million in discretionary grants to support 24 projects across 18 states. Furthermore, the market for residential building upgrades in the United States is set to surpass USD 205 billion by 2023, driven by a surge in new rental units. Despite the challenges posed by the pandemic, eight metropolitan areas are poised to reach five-year highs in new apartment deliveries. This upswing in residential and commercial construction activities, coupled with infrastructure development and renovation projects, fuels the growing demand for copper tubes. Copper tubes are integral components used extensively in plumbing, HVAC systems, and other critical applications within the construction industry.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is currently a hub of vigorous construction and infrastructure development across residential, commercial, industrial, and public projects. This robust sector contributes significantly to the European Union's economy, providing approximately 18 million direct jobs and contributing around 9% of the EU's GDP. In 2018, construction output experienced substantial growth, with a remarkable 8.4% year-on-year increase in real terms. This growth, the highest since 2004, was primarily driven by building construction, which expanded by 8.6% (contributing 6.3 percentage points), and civil engineering construction, which recorded an 8.0% year-on-year increase. Copper tubes play a pivotal role in plumbing, HVAC systems, and various applications within the construction industry. The demand for copper tubes is intricately linked to the thriving construction sector, which continues to witness stable and substantial growth.

The copper pipes and tubes industry is in the midst of substantial growth in the Asia-Pacific (APAC) region, driven by a robust demand stemming from construction projects, oil and gas transportation, and various other key sectors. The upsurge in infrastructure development and construction ventures, particularly in major economies like India and China, serves as a pivotal catalyst behind the increased need for copper pipes and tubes. Notably, Japan holds a leading position in the Southeast Asia Infrastructure Race, surpassing China with nearly one-and-a-half times the value of ongoing projects in the region's six largest economies: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. These projects collectively amount to USD 367 billion, with Vietnam standing out as the top priority for Japanese involvement in infrastructure, boasting projects valued at USD 209 billion, including a significant USD 58.7 billion high-speed rail initiative connecting Hanoi and Ho Chi Minh City. Furthermore, the APAC region is currently witnessing the implementation of extensive gas pipeline projects, adding to the demand for copper pipes and tubes in transportation and distribution applications. This substantial growth is underpinned by a combination of factors, making the APAC region a prominent contributor to the thriving copper pipes and tubes industry.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Copper Tubes Market

Furthermore, the rest of the world's Copper Tubes Market is divided into the Middle East, Africa, and Latin America. Particularly in the Middle East and parts of Latin America, the oil and gas industry is a significant consumer of copper tubes. These tubes are utilized in critical applications such as heat exchangers and tubing for transporting fluids. As these regions continue to extract and process oil and gas, the demand for copper tubes in this industry remains high.

Key Findings of the Study

• The global Copper Tubes Market is expected to reach USD 71.58 billion by 2032, at a CAGR of 6.38% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the growing popularity of electric vehicles (EVs), rising construction of commercial and industrial infrastructure, increasing installation of charging stations in various public places, etc.


• Based on Type, the Coils segment was attributed to holding the largest market in 2022, with an approximate market share of XX%.


• 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)