Copper tubes market projected to reach $70.35 billion by 2032 with 6.33% CAGR.

From GlobeNewswire: 2025-05-23 09:30:00

The Copper Tubes Market is projected to reach USD 70.35 billion by 2032, with a 6.33% CAGR from 2024-2032. The market is driven by the demand for energy-efficient HVAC systems and sustainable infrastructure, with copper tubes known for their conductivity and corrosion resistance.

In the U.S., the copper tubes market is set to grow from USD 6.41 billion in 2023 to USD 11.37 billion by 2032, driven by HVAC, plumbing, and industrial applications. Infrastructure upgrades and construction activities are expected to boost market momentum nationwide.

Key players in the market include Mueller Streamline Co., KME Group, Wieland Group, LUVATA, and more, offering various types of copper tubes for different applications.

The coils segment dominated the global copper tubes market in 2023, accounting for over 42% market share. Thin wall gauge tubes were popular for their cost-effectiveness, while the HVAC segment led application-based usage.

Asia-Pacific led the global copper tubes market in 2023 with over 44% market share, driven by urbanization and industrial growth. North America also maintains a significant position due to the adoption of copper tubes in residential and commercial applications.

Recent developments include KME Group listing its Cunova business unit on the NYSE and Furukawa Electric Co., Ltd. updating its earnings forecast for fiscal year 2025.

For more insights on the Copper Tubes Market, visit the SNS Insider website for the full research report covering market dynamics, segmentation, regional analysis, and key company profiles.



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