According to the research report titled ‘Global Copper Tubes Market - Analysis By Finish Type (LWC Grooved, Straight Length, Pan Cake, LWC Plain), Outer Diameter, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global copper tubes market was worth USD 18571.03 million in 2019 and is slated to witness notable returns over the forecast period 2020-2025.
 

Factors such as fast paced urbanization, and launch of favorable government policies across commercial & residential establishments are majorly driving global copper tubes market growth.
 

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Moreover, surging demand for durable, strong, and corrosion-resistant tubing and piping solutions in applications such as underground water & gas distribution, HVAC & refrigeration, and non-flammable medical-gas systems, among others are also propelling the industry demand.
 

Considering the COVID-19 impact, many large-scale construction projects have either been deferred or cancelled since the start of the pandemic, which has severely affected the demand from building contractors. Weaker business confidence and disrupted international supply chains have adversely impacted exports and imports, thereby hampering the industry expansion.
 

Considering application scope of global copper tubes market, heating, ventilation, and air conditioning (HVAC) segment is expected to grow at a considerable pace over 2020-2025, owing to a surge in construction activities caused by increasing urbanization and rapid surge in population.
 

Based on outer diameter, copper tubes having an outer diameter greater than 1 inch are expected to witness high demand in the industry over the forecast period, owing to their rising applications in HVAC systems and other industrial sectors.
 

From a regional frame of reference, APAC currently captures a substantial portion of the overall market share and is deemed to be the world's largest copper producer as well as consumer, with China at the helm of the regional industry growth.
 

Prominent players in worldwide copper tubes marketplace include Cambridge-Lee Industries LLC, ElvalHalcor S.A., Kobelco & Materials Copper Tube (Thailand) Co. Ltd., Shanghai Metal Corporation (SMC), Zhejiang Hailiang Ltd., Cerro Flow Products LLC, KME Group, Wieland Group, Mueller Industries Inc., and Furukawa Electric Co. Ltd.