Global Copper Pipe and Tube Industry Expansion is Forecast to Reach 5.8% p.a.

Date: 2015-08-14

“The expansion of the global copper pipe and tube industry is forecast to reach 5.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 1.3%. Currently, refined copper pipes and tubes account for 49.8% of the global demand while the remaining market share is divided between copper alloy pipe and tube fittings (31.1%), brass pipes and tubes (6.3%), refined copper pipe and tube fittings (5.2%), cupro-nickel and nickel silver pipes and tubes (3.9%) and other copper pipes and tubes (3.7%).

China, Germany, Italy, South Korea and the United States represent the largest copper pipe and tube markets while the strongest annual growth is forecast to occur in Turkey (22.9%), Armenia (20.7%), Slovakia (16.8%), Finland (16.4%) and Lithuania (16.0%).”

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