Dublin, Sept. 14, 2022 (GLOBE NEWSWIRE) -- The "Copper Pipes and Tubes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Copper Pipes and Tubes Market to Reach 4.9 Million Tons by the Year 2026

The demand for copper pipes and tubes fell in 2020 due to stoppage of all non-critical construction projects, reduced residential construction, reduced focus on smart cities, poor automotive demand, and contraction of the manufacturing sector, among other factors.

In the post COVID-19 period, the global market for copper tubes as well as pipes will grow led by the importance of copper`s corrosion resistance, non-combustible property, and lightweight features in various end-use applications.

Market growth will also be driven by the revival in demand for corrosion-resistant and durable copper piping and tubing for use in fuel oil systems, medical gas systems, underground gas and water supply systems, heat exchange systems, and HVAC&R as well as from renovation and construction activities. Amid the COVID-19 crisis, the global market for Copper Pipes and Tubes estimated at 4.1 Million Tons in the year 2022, is projected to reach a revised size of 4.9 Million Tons by 2026, growing at a CAGR of 4.2% over the analysis period. The U.S. Market is Estimated at 440.2 Thousand Tons in 2022, While China is Forecast to Reach 1.8 Million Tons by 2026 The Copper Pipes and Tubes market in the U.S. is estimated at 440.2 Thousand Tons in the year 2022. The country currently accounts for a 10.89% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of 1.8 Million Tons in the year 2026 trailing a CAGR of 4.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach 1.9 Million Tons by the end of the analysis period. Plumbing Segment to Reach 549.4 Thousand Tons by 2026 Copper tubes are being used in heating and plumbing systems, due to the material`s ability to endure extreme heat conditions without any degradation; ability to resistant to corrosion and high water-pressure; and ability to retain shape, and strength at high temperatures. In the global Plumbing segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. Select Competitors (Total 137 Featured):

Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/uoy4w2

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