Thursday, May 12th, 2016 add Global Copper Pipes and Tubes Market 2016-2020 latest research report, the analysts forecast global copper pipes and tubes market to grow at a CAGR of 3.64% during the period 2016-2020.

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According to the copper pipes and tubes market report, a key driver for growth is the high demand from the HVAC segment. Growing population, rise in new home sales, increasing construction expenditures, and growing industrialization are the prime factors that are driving the market for HVAC equipment. This high growth is expected to foster the market for copper pipes and tubes during the forecast period.

The global copper pipes and tubes market analyst said trend to watch for is the rising adoption of cupronickel tubes. Tubes made of cupronickel or brass alloys are used for specific applications. Most suppliers that offer these tubes are based in Japan and many countries in Europe. These tubes are used in industrial applications where the chances of corrosion are more and seawater is used. Copper-nickel alloys are extensively used for marine applications due to their excellent resistance to low macro fouling rates, seawater corrosion, and good malleability.

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Global Copper Pipes and Tubes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global copper pipes and tubes market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of copper pipes and tubes.

The growth in expenditure on construction is expected to increase the use of copper tubes, pipes, wires, and other mill products in plumbing and electrical applications. Increased investments in infrastructure development, especially in the developing countries, will further increase the demand for copper. In addition, developments in global manufacturing output are anticipated to boost the use of copper in industrial machinery, transportation equipment, domestic appliances, and other durable goods.

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Key players in the global copper pipes and tubes market: KME, KMCT, Luvata, MetTube, and Mueller.

Other prominent vendors in the market are: Cerroflow Products, Furukawa Metal, Golden Dragon, Mehta Tubes, Qinddao Hongtai Metal, and Shanghai Hailiang Copper Tubes.

Further, the report states that a challenge that could adversely impact the growth of this market is the volatile costs of raw materials.

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