According to the research report titled ‘Global Copper Tubes Market - Analysis By Finish Type, Outer Diameter, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global copper tubes industry was valued USD 18571.03 million in 2019 and is expected to record an appreciable growth rate throughout 2020-2025.
 

As per the report findings, rapid urbanization coupled with favorable government restructurings and renovation of commercial and residential establishments are projected to drive global copper tubes market growth. The strong demand for copper tubes can be attributed to increasing demand for durable, strong, and corrosion-resistant piping and tubing solutions in applications such as underground water & gas distribution, HVAC & refrigeration, non-flammable medical-gas systems and fuel-oil systems, and heat exchanger systems.
 

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Elaborating on the latest developments, the Covid-19 pandemic has negatively impacted global copper tubes market expansion as the halt or cancellation of several large-sale construction projects to avoid the spread of virus has restricted demand for tubes from building contractors. Besides, supply chain constraints, and trade restrictions among nations have further affected business development.
 

Based on application spectrum, global copper tubes market share from HVAC & refrigeration segment is slated to increase considerably in the upcoming years. Owing to ease of handling, recyclability, malleability, and non-pyrogenic properties, copper tubes are highly preferred in HVAC systems. With the requirement of these systems increasing due to booming urban population, the demand for copper tubes will inflate among manufacturers.
 

Considering outer diameter segmentation, above 1 inch tubes is expected to capture significant portion of global copper tubes industry share during the forecast period, mainly due to increasing applications in HVAC system and industrial domain. Better heat transfer rate of smaller diameter tubes than conventional sizes in HVAC systems is another major factor boosting the adoption of copper tubes with 1 inch diameter.
 

From a geographical viewpoint, Asia Pacific will continue to be a major contributor to the overall copper tubes market remuneration during the forecast period as it the world’s largest copper producer as well as consumer.
 

Speaking of the competitive arena, Cambridge-Lee Industries LLC, ElvalHalcor S.A., Kobelco & Materials Copper Tube Co., Ltd., Shanghai Metal Corp., Zhejiang Hailiang Co., Ltd., Cerro Flow Products, LLC, The KME Group, Wieland Group, Mueller Industries, Inc., and Furukawa Electric Co., Ltd. are the top contenders in global copper tubes market sphere.