New Research: Lucintel Predicts a Bright Future for the Copper Pipe and Tube Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Copper Pipe and Tube Market 2020-2025”?

This market report for copper pipe and tube identifies and predicts future opportunities for growth in copper pipe and tube market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for copper pipe and tube in HVAC (Heat, Ventilation, and Air Conditioning), refrigeration, industrial, electrical, plumbing, and medical industry.

According to Lucintel’s market report, the copper pipe and tube market is expected to reach an estimated $17.3 billion by 2025 with a CAGR of 4%-6% from 2020 to 2025. Some of the dominant players in the copper pipe and tube market are Mueller, Wieland, Hailiang, Kobelco and Materials Copper Tube, Furukawa Electric, Mettube, Shanghai Metal, and Grupo IUSA.

There are some interesting developments in copper pipe and tube market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include adoption of advance material in copper pipe and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes.

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