Copper Pipes and Tubes Market in Europe, Middle East, and Africa 2017-2021
About Copper Pipes and Tubes
Copper is considered as a base metal like zinc, nickel, and aluminum, and is heavily used in industries like the power industry. The major contributing countries in the production of copper includes Chile, China, and Peru. Chile alone accounted for a share of more than 33% in the global production of copper in 2015 and is also by far the country with the largest copper reserves.
Technavio’s analysts forecast the copper pipes and tubes market in Europe And Middle East region to grow at a CAGR of 4.62% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the copper pipes and tubes market in Europe And Middle East region for 2017-2021. To calculate the market size, the report discusses the major drivers influencing the market growth and the challenges faced by the key vendors and the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Copper Pipes and Tubes Market In Europe And Middle East Region 2017-2021
Technavio recognizes the following companies as the key players in the copper pipes and tubes market in Europe and Middle East region: MetTube, Luvata, KME, Mueller Industries, and Qaem Copper Industries.
Other Prominent Vendors in the market are: Metal Gems (Mehta Group), Maksal, Elektrosan, Furukawa Metal, Sumitomo, and Qingdao Hongtai Metal.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is technological enhancement. A small diameter coil technology has been developed by the International Copper Association for modern air conditioning and refrigeration systems. Small diameter copper coils have better rates of heat transfer than conventional sizes in HVAC systems. By using MicroGroove small diameter copper tube with proven cost-effective copper fabrication processes and familiar assembly techniques, suppliers and manufacturers are producing economical and efficient commercial and residential air conditioning and refrigeration products.”
According to the report, one driver in market is distinct properties of copper. Copper has excellent corrosion resistance, heat transfer capability, and machinability. It has a higher conductivity than aluminum and is more ductile with relatively high tensile strength. It can also be easily soldered. Besides this, energy loss in copper is also low compared with other materials such as aluminum. Moreover, copper requires little maintenance; a very important consideration in a closed system with 20-30 years of lifespan. Copper also has the strength which is required to withstand fluid pressures in large air conditioning systems. Copper tubes with aluminum fins are the ideal choice for condensing coils in HVAC systems.
Further, the report states that one challenge in market is competition from alternative metals and materials. Although the thermal conductivity of copper is much better than that of aluminum, there is always a lurking threat that aluminum might replace copper, affecting the growth of the copper pipes and tubes market. Aluminum is cheaper and do not experience much volatility in prices as copper. In recent past, the threat was present due to higher prices of copper compared with aluminum; however, the properties of copper negate any possible short-term benefits offered by aluminum.
MetTube, Luvata, KME, Mueller Industries, Qaem Copper Industries, Metal Gems (Mehta Group), Maksal, Elektrosan, Furukawa Metal, Sumitomo, Qingdao Hongtai Metal.