Rising Adoption of Cupronickel Tubes Set to Propel the Global Copper Pipes and Tubes Market Until 2020, Says Technavio
By Business Wire News
By Business Wire News
According to the latest research study released by Technavio, the shipment of global copper pipes and tubes market is expected to reach 4.58 million metric tons by 2020.
This research report titled ‘Global Copper Pipes and Tubes Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various application segments, including HVAC, industrial heat exchanger, plumbing, and electricals.
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“Tubes made of cupronickel or brass alloys are used for specific applications. Most suppliers that offer these tubes are based in Japan and 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,” said Chandrakumar Badala Jaganathan, one of Technavio’s lead analysts for metals and minerals research.
Segmentation of global copper pipes and tubes market by end-users 2015
• Industrial heat exchanger
• Electrical and others
Source: Technavio research
Copper pipes and tubes market in HVAC segment
The global copper pipes and tubes market in the HVAC segment was estimated at 2.14 million metric tons in 2015. The HVAC segment is the prime consumer of copper pipes and tubes. The segment accounts for a 56% share in the global market. Antimicrobial properties and better thermal conductivity than aluminum have increased the use of copper pipes and tubes in HVAC applications. Further, copper is resistant to corrosion and is malleable.
Rapid growth in the construction sector has increased the demand for HVAC applications. The segment is shifting toward intelligent and energy efficient systems. This shift is anticipated to enhance the use of copper pipes and tubes over other substitutes.
Copper pipes and tubes market in industrial heat exchanger segment
The global copper pipes and tubes market in the industrial heat exchanger segment was estimated at 919,200 metric tons in 2015. The selection of suitable conductive material is a crucial aspect in the design of heat exchangers. These conductive materials are selected based on their thermal conductive properties and heat dissipation properties.
Copper being an exceptional conductor of heat possess desirable properties required for creating thermally efficient and durable heat exchangers. Copper is also resistant to biofouling and corrosion. The metal can also withstand high pressure. Copper’s high thermal expansion, rupture resistance, fatigue strength, specific heat, ease of fabrication, antimicrobial properties have increased its use in many applications.
Copper pipes and tubes market in plumbing segment
The global copper pipes and tubes market in plumbing segment was estimated at 651,100 metric tons in 2015. Copper is preferred over steel and iron pipes and tubes in plumbing applications. Steel and iron pipes used in plumbing are easily corroded over time and are prone to rust. Plastic pipes cannot be used in high-temperature applications.
Copper pipe bores remain smooth with negligible changes on the inside even after being installed for years. This can be interpreted as substantial savings in terms of maintenance and installation.
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Technaviois a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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