As per the recently published report by MarketsandMarkets™, The “Copper Tubes Market by Type (Straight Length, Coils, Pancakes or Flattened Tubes, U-Bends and Drawn Tubes), Thickness (Standard Gauge, Extra Heavy Gauge, Thin Walled Gauge, Capillary Tubes), Application, and Region- Global Forecast to 2028″, is projected to reach USD 54.5 billion by 2028, at a CAGR of 6.3% from USD 40.1 billion in 2023. The copper tubes market growth is driven by factors such as the global expansion of the construction industry, expansion of HVACR sector, and continuous technological advancements.
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- 144 Market data Tables
- 35 Figures
- 209 Pages and in-depth TOC on “Copper Tubes Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key players in this copper tubes market are Mueller Streamline Co.(US), KME Group S.p.A (Italy), Wieland Group (Germany), LUVATA (Finaland), KOBE STEEL, LTD. (Japan), KMCT Corporation (Japan), Shanghai Metal Corporation (China), Quindao Hongtai Copper Co., Ltd. (China), Cerro Flow Products, Inc. (US), POONGSAN CORPORATION (South Korea),etc. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the copper tubes market.
Recent Developments in Copper Tubes Market Industry
- In June 2023, Tomra Systems ASA (Norway) unveils its latest innovation AUTOSORT PULSE. This cutting edge technology machine incorporate dynamic laser induced breakdown spectroscopy (LIBS) and is desiged for high throughput sorting of aluminium alloys and opens up possibilities for green aluminium production.
- In June 2023, Galloo (Belgium) announced its joint venture with Stellantis (Netherlands) to facilitate the end of life vehicles recycling. The service is scheduled for a late 2023 launch and is set to target France, Belgium and Luxembourg expanding its operation in Europe.
- In January 2023, Wendt Corpoartion (US) announced its joint venture with Proman Infrastructure Service limited. (India) resulting in the establishment of a new company Wendt Proman Metal Recycling Pvt. Ltd. As it identified India and an emerging market for shredding and separation technologies.
- In October 2022, MBA Polymers, Inc. (US) has inaugurated its third facility in the UK, situated in the EMR Duddeston site in central Birmingham. This new site provides an opportunity for Uk based manufacturers to minimize plastic waste generation during their production processes and procure environmental friendly recycled materials through a closed loop supply chainfor postindustrial plastics.
- In July 2022, Machinex Industries, Inc. (Canada) announced a new project with long time partner Rumpke Waste and Recycling that includes the delivery of a brand new 56 ton per hour (TPH) residential single stream system in Columbus, Ohio. The new material recovery facility will feature the best sorting capabilities and most automation available. This will also be one of the largest dedicated residential single stream systems in the country.
- In May 2022, Tomra Systems ASA launched a new sorting equipment X-TRACT. This advanced version features a redesigned structure and revolutionary innovations. By leveraging Tomra’s cutting edge x-ray transmission (XRT) technology, it achieves remarkable advancement in metal and diamond recovery, redefining the industry benmarks for sensor based aluminium sorting.
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Mueller Streamline Co. – Mueller Streamline Co. is a prominent subsidiary of Mueller Industries, specializing in the manufacture and distribution of copper, plastic, and brass products for various industries. With a rich history dating back to its founding in 1930, the company has consistently demonstrated excellence in providing high-quality plumbing, HVAC, and refrigeration components. Mueller Streamline Co. is renowned for its extensive range of copper tubing and fittings, catering to plumbing professionals and construction projects worldwide. These products ensure reliable and durable plumbing systems. The company offers a comprehensive portfolio of HVAC components, including copper coils, refrigeration lines, and air conditioning connectors, trusted for their efficiency and longevity. Mueller Streamline Co. serves various industrial sectors with precision-engineered brass and plastic products, meeting the demanding requirements of fluid control and transportation systems. Additionally, the company distribute products from other Mueller Industries subsidiaries, showcasing a vast array of offerings that encompass refrigeration valves, HVAC/R protection devices, brass flare fittings, iron fittings, steel pipes, plastic tubing and fittings, plumbing valves, plumbing specialties, and an extensive selection of related items.
Based in Collierville, TN, the company is equipped with an extensive network of manufacturing and distribution centers throughout the United States, Mueller Streamline Co. enjoys a distinctive advantage in the production and rapid delivery of top-tier flow control solutions. With a host of distinctive operations and capabilities, the company’s unwavering dedication lies in providing exceptional value, unparalleled precision, and performance, all while delivering world-class service. Mueller Industries has a global reach serving customers across Europe, North America and the Asia Pacific.
KME Group S.p.A – KME Group S.p.A is a globally recognized leader in the metallurgical industry, renowned for its excellence in manufacturing and distributing copper and copper-alloy products. With a rich heritage dating back to its founding, the company has established itself as an industry pioneer, delivering high-quality solutions to a diverse range of sectors. KME Group was originally established in 1866 in Osnabrück, Germany, and has since evolved into a prominent player in the global metallurgical market. The company, which is run by the KME Group S.p.A., established in 2006, has a European management. KME Group S.p.A specializes in the production of copper and copper-alloy products, including tubes, sheets, wires, and fabricated components. These materials find applications in industries such as construction, electronics, transportation, and more. The company is committed to sustainable practices, offering environmentally friendly solutions such as copper recycling and emission reduction technologies. KME Group S.p.A continues to push the boundaries of metallurgical technology, embracing sustainability, innovation, and customer-centricity. As a leader in the field, it remains committed to shaping a more sustainable and connected world through the responsible use of copper and copper-alloy products.
With a presence in Europe, Asia Pacific, and North America, and having its production plants in Germany, France, Italy, Spain, China, and the USA, KME Group serves a vast and diverse customer base. Its dedication to innovation and sustainability has solidified its position as a preferred partner for businesses worldwide.
Shanghai Metal Corporation – Shanghai Metal Corporation stands as a prominent and highly esteemed manufacturer within China’s industry landscape. Our diverse range of offerings encompasses metals, machinery, containers, construction materials, mechanical components, electrical systems, and medical accessories. Established in 1980, SMC has maintained a steadfast commitment to fulfilling the diverse requirements of our global clientele. Simultaneously, as part of the SMC Group, they engage in comprehensive EPC (Engineering, Procurement, and Construction) services, subcontracting, and project distribution. The company represent premier brands in construction machinery, industrial equipment, agricultural solutions, chemical industry products, complete production lines, large-scale equipment packages, electrical engineering components, and various accessories, among others.
Shanghai Metal Corporation has offices and partners worldwide, and it operates its business throughout the Americas, Europe, and Asia Pacific. Shanghai Metals Market, a subsidiary of Shanghai Metal Corporation, is an integrated internet platform provider of nonferrous and ferrous metals prices, analysis, news, consulting, and conferences.
LUVATA – LUVATA is a leading international company that specializes in metal solutions and manufacturing, with a strong focus on copper, other non-ferrous metals, and their related materials and technologies. The company has a long history dating back to the early 20th century and has grown into a global player in the metal industry. LUVATA was founded in 1910 as Outokumpu Copper Works in Finland. It later became known as LUVATA through a rebranding process. LUVATA specializes in the production of copper and copper alloy products, as well as other non-ferrous metals. Its product portfolio includes a wide range of solutions such as copper strips, sheets, tubes, fabricated components, and various specialty products. These materials are used in diverse applications, including electronics, automotive, renewable energy, healthcare, and industrial manufacturing. LUVATA serves a wide range of industries. Providing materials and components for the electronics industry, including connectors, heat sinks, and conductive materials for printed circuit boards. The company supplies copper and aluminum products used in automotive applications, such as radiators, condensers, and connectors. It offers materials and solutions for renewable energy applications, including solar and wind energy systems. LUVATA provides copper-based products for medical applications, including imaging equipment and radiation therapy. It supports various industrial sectors with copper and metal solutions.
LUVATA has a significant global presence with manufacturing and sales operations in North America, South America, Europe, and Asia Pacific. The company’s manufacturing facilities are located in Zhongshan (China), and Pori (Finland) Its facilities are strategically located to serve customers in different industries and regions. Employing approximately 1,400 staff in 6 countries, LUVATA works in partnership with customers including ABB, CERN, Siemens, and Toyota. LUVATA is a group company of Mitsubishi Materials Corporation.
Cerro Flow Products LLC – Cerro Flow Products LLC is a prominent manufacturer and supplier of copper tubing and related products for various industries, including plumbing, HVAC (Heating, Ventilation, and Air Conditioning), refrigeration, and industrial applications. The company has a strong reputation for quality and innovation in the copper tubing industry. Cerro’s precursor was initially founded in 1908 as a scrap iron dealer. In the 1920’s Cerro innovated electrolysis as a process to refine pure grades of copper at their present location in East St Louis, IL USA. In 1939, the company built its first copper tube mill. The company has three business segments namely Cerro Plumbing, Cerro Industrial and Cerro HVAC. It provides it copper tubes through Cerro Plumbing and Cerro Industrial.
The company serves mainly the United States, but its products and services are distributed across the North American continent.
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