Vietnam Copper Pipes Market to be Dominated by the Construction Sector with a High CAGR in the Forecast Period
The extensive
use of copper pipes in industries and the rising demand for pipes in the heat
exchange process are the factors propelling the market growth in the forecast
period.
According to TechSci
Research report, Vietnam
Copper Pipes Market - By Region, Competition Forecast & Opportunities, 2013-2028. The electrical and thermal conductivity of copper
makes copper pipes and tubes a common material in the building industry.
Despite being costlier than its plastic cousin, copper piping is still a
practical choice considering the cost-benefits due to its durability. Copper
pipes are also frequently used in the workplace due to their non-corrosive and
non-reactive properties. Since copper is impermeable to air and gases and
offers fewer risks of leakage and contamination due to oxygen, ultraviolet (UV)
radiation, and outside temperature, these pipes and tubes are also employed to
transfer gases.
The
expansion of IT parks, malls, high-rise flats, and skyscrapers results from
rapid urbanization and increasing building activity. These structures need
effective HVAC systems for cooling and heating. As a result, the copper pipes
and tubes market is anticipated to grow along with the need for HVAC systems in
the construction industry.
The
demand for heating equipment, such as furnaces, boilers, and heat pumps, is
predicted to increase in several industries, including mining, oil and gas,
ferrous and non-ferrous processing, maritime, aviation, and food and beverage.
As a result, the Vietnam copper pipes and tubes market is anticipated to rise
along with the demand for heat exchange equipment.
Additionally,
during the projection period of 2024 to 2028, market participants can have
lucrative opportunities primarily because of product innovations such as copper
tubes coated in polyvinyl chloride (PVC). The market for copper pipes
and conduits will continue to rise in the future due to the increased
investment in their production and distribution and the growing demand for
environment friendly copper products.
The
usage and demand for copper pipes and tubes are expanding across several
end-use sectors. However, one of the biggest problems in the industry is the
accessibility of alternatives such as PEX pipes. Compared to copper pipes, PEX
pipes are simpler to install and less prone to burst in cooler temperatures.
Additionally, several manufacturers' production efforts are being hampered by
the high cost of copper, hindering the market's expansion.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the "Vietnam Copper Pipes Market"
The
Vietnam
Copper Pipes market is segmented by type, product,
outer diameter, and application. Based
on type, the market is divided into L type, M type, and K type. The market is
divided into rods, wires, plates, strips, and tubes based on product. Based on
outer diameter, the market is segmented into 3/8, 1/2, 5/8 inch, 3/4, 7/8, 1
inch, and above1 inch. Based on
end-use, market is segmented into construction, automotive, oil & gas
industry, medical, electronics, & others.
Based on end-use, the market is segmented into
construction, automotive, oil & gas, medical, electronics, &
others. The construction sector
is dominating the market with a high CAGR. Due to the vital need for heating,
ventilation, and air conditioning, the expansion of copper pipes and tubes in
the construction industry is significant. According to their malleability,
non-pyrogenic characteristics, recyclability, and other qualities, copper pipes
and tubes are increasingly used in HVAC systems in different types of
buildings, fire sprinkler systems, office buildings, and other commercial
settings. The demand for copper pipes and tubes in the construction industry is
influenced by their use in building water line systems, vacuum systems, water
distribution in homes, and other similar applications.
Based on application, the market is divided
into HVAC and refrigeration, industrial heat-exchange equipment, plumbing, and others.
The HVAC and refrigerant are
expected to have the greatest market share for copper pipes and tubes and
is anticipated to expand at a rapid CAGR over the projected period. Due to their
exceptional qualities, such as thermal conductivity, corrosion resistance, quick
heat transfer, and machinability in building activities, copper pipes and tubes
are in great demand for applications in HVAC and refrigerants.
Key
market players in the Vietnam Copper Pipes Market:
- Ruby
Copper Vietnam
- Ningbo
Jintian Copper (Group) Co., Ltd
- Kobe
Steel Limited
- Toan
Phat Copper Tube JSC (Vietnam)
- Cerro
Flow Products LLC
- Mueller
Industry
- MM
Kembla
- Hailiang
(Vietnam) Copper Mfg
- Jintian
Copper (vietnam) Co., Ltd.
Customers
can also request for 10% free customization on this report.
"Copper pipes are widely used in industry since they are non-corrosive and non-reactive. HVAC systems, plumbing, heat exchangers, and other devices employ copper pipes and tubes. The market for copper pipes and tubes is being driven by the rising demand in HVAC, refrigeration, and air conditioning systems. " said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Vietnam
Copper Pipes Market By Type (L Type, M Type, K Type), By Product (Rods,
Wires, Plates, Strips and Tubes), By Outer Diameter (3/8, 1/2, 5/8 Inch, 3/4,
7/8, 1 Inch, above 1 Inch), By Application (HVAC and Refrigeration, Industrial
Heat-Exchange Equipment, Plumbing, Others), By Region,
Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential
of Vietnam Copper Pipes Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities Vietnam Copper
Pipes Market.
Contact
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