Global Seamless Copper Tubes Market poised to reach USD 210,393 Million in terms of share by 2026
Seamless copper tubes actually refer to non-welded copper tubes, which means that there are no scars or marks on the tube surface. Initially, copper billets are produced by extruding the raw copper and after obtaining the cylindrical copper billet of required dimensions it is transferred to Mannesmann Mill (famous for extruding seamless tubes), where the central cavity is initially made by piercing, and then drawing it (with a mandrel attached), into a long tubular copper.
According to the report, the global Seamless Copper Tubes market is valued at approximately USD 195,558 million in 2019 and is expected to generate revenue of around USD 210,393 million by 2026, growing at a CAGR of roughly 1.05% from 2019 and 2026.
The growth in construction and real estate in countries such as Kingdom of Saudi Arabia (KSA) and the United Arab Emirates has increased the consumption of seamless copper tubes in air conditioning and refrigeration, thereby spurring the market’s growth. Furthermore, emerging trends such as copper microcrystalline tanks are also expected to contribute to the growth of the seamless copper tubes market. Microgrooves are ideal for handling the higher pressures of new refrigerants while meeting cost reduction goals and sustainability issues. The use of copper microchannels is projected to play an important role in the design of sustainable ACR products during the forecast period.
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Seamless Copper Tubes Market: Type Outlook
l K, L, M
l DWV
l ACR
l Others
Seamless Copper Tubes Market: Application Outlook
l Air-conditioning and refrigeration (ACR)
l Industrial Heat Exchanger
l Plumbing applications
l Others
Seamless Copper Tubes Market: Region Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Here Are Some Key Trends About Which You Need to Keep an Eye on For Global Seamless Copper Tubes Market
l The Asia-Pacific is the largest sales volume market for seamless copper tube, with a revenue market share nearly 48.91% in 2018. The next is North America and Europe, accounting for 25.41% and 20.35% respectively. The Asia-Pacific is expected to dominate the market throughout the period 2019-2026.
l As for the US residential Seamless Copper Tube industry, the industry concentration is relatively concentrated. The top 5 manufacturers have 64.20% sales revenue market share in 2016. The Mueller which has 16.97% market share in 2016, is the leader in the US Seamless Copper Tube industry. The manufacturers behind Mueller are Wieland and Wolverine Tube, which account for 14.43% and 12.08% of the global market respectively.
l The USA consumption of Seamless Copper Tube products rises up from 221.33 K Ton in 2012 to 257.84 K Ton in 2016, with CAGR of 3.89%. At the same time, the revenue of US Seamless Copper Tube sales market has a decline from USD 2091.47 million to USD 1716.35 million. The reason causes this decline is the drop of Seamless Copper Tube price, although the demand of downstream customers, especially is growing.
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Leading Company for Driving Industry development
The global Seamless Copper Tubes market growth is also reliant on the development of active players in the industry, which are Golden Dragon Precise Copper Tube, Luvata, Luvata, MetTube, Mueller, KMCT, Sumitomo, Sarkuysan, KME, Hailiang, Qinddao Hongtai Metal, Cerro Flow Products, and etc.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Seamless Copper Tubes Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Seamless Copper Tubes Market by Types
4 Segmentation of Seamless Copper Tubes Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Seamless Copper Tubes Market in Major Countries
7 North America Seamless Copper Tubes Landscape Analysis
8 Europe Seamless Copper Tubes Landscape Analysis
9 Asia Pacific Seamless Copper Tubes Landscape Analysis
10 Latin America, Middle East & Africa Seamless Copper Tubes Landscape Analysis
11 Major Players Profile
11.1 Golden Dragon Precise Copper Tube
11.1.1 Golden Dragon Precise Copper Tube Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Luvata
11.3 MetTube
11.4 Mueller
11.5 KMCT
11.6 Sumitomo
11.7 Sarkuysan
11.8 KME
11.9 Hailiang
11.10 Qinddao Hongtai Metal
11.11 Cerro Flow Products
…
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Key Stakeholders
l Seamless Copper Tubes manufacturers
l Raw material suppliers of Seamless Copper Tubes
l Downstream vendors and end-users
l Traders, distributors, and resellers of Seamless Copper Tubes
l Seamless Copper Tubes industry associations and research organizations
l Product managers, Seamless Copper Tubes industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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