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Vietnam Copper Pipes Market size is expected to reach 44.56 US$ Bn in year 2030, at a CAGR of 4.1% during the forecast period.
Extensive Use of Copper Pipes in Buildings and HVAC Systems
Construction costs have considerably improved due to the expanding population and quick urbanization. Additionally, high yield, tensile and fatigue strength of these pipes and tubes, along with their antibacterial qualities, are essential for the transfer of medicinal gases and the distribution of water. Since copper pipes are very useful in Vietnam, the market is expected to grow in the forecast period. For instance, Vietnam was the world's second-largest exporter of copper pipes in 2020, with an export of 777 million USD worldwide.
For water distribution networks, copper is an ideal tube material. While batteries and windings employ copper tubes and pipelines, electric motors, wiring, busbars, and charging infrastructure use copper rotors. Copper pipes prevent gases from diffusing through the tube wall and releasing dangerous compounds into the water. Due to these qualities, copper pipes and tubes are far superior to other pipeline materials like stainless steel and PVA (polyvinyl chloride) pipes and tubes.
HVAC systems, plumbing, heat exchangers, and other devices employ copper pipes and tubes. The market for copper pipes and tubes is driven by the increasing demand for HVAC, refrigeration, and air conditioning systems. Due to its strength, thermal conductivity, and other outstanding qualities, copper pipes & tubes are increasingly being used in the medical, construction, electronics, and other sectors, which will significantly boost the copper pipes & tubes market during the projected period.
For water distribution networks, copper is an ideal tube material. While batteries and windings employ copper tubes and pipelines, electric motors, wiring, busbars, and charging infrastructure use copper rotors. Copper pipes prevent gases from diffusing through the tube wall and releasing dangerous compounds into the water. Due to these qualities, copper pipes and tubes are far superior to other pipeline materials like stainless steel and PVA (polyvinyl chloride) pipes and tubes.
HVAC systems, plumbing, heat exchangers, and other devices employ copper pipes and tubes. The market for copper pipes and tubes is driven by the increasing demand for HVAC, refrigeration, and air conditioning systems.
Rising Demand of Heart Exchanges & Adoption of Corrosion-Free Pipes In Vietnam
Nowadays, industries are inclined towards copper pipe application since copper provides several advantages for durable and practical heat exchangers. This implies that heat can move through copper fast due to its high thermal conductivity. The resistance to corrosion, biofouling, maximum permissible stress, and internal pressure of copper are different qualities that make it an attractive material for heat exchangers.
Due to this trend of using copper pipes and tubes, the market is growing rapidly with a high CAGR in the future. For instance, Vietnam became the 26th largest copper pipe importer in the world in 2024-2032, bringing in USD 74.2 Million in copper pipe imports. Copper pipes were Vietnam's 421st-most-imported goods that year.
However, copper seeping into your drinking water from new houses' copper pipes might be hazardous. Copper pipes may cost 10 to 15 times more than other types of pipes when water is left to stand still in them as copper can leach into the water this are the factors hampering the
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Market Segmentation
The Vietnam Copper Pipes Market is segmented by type, product, outer diameter, and application, and end-user Based on type, the market is divided into L type, M type, and K type. Based on product, the market is divided into rods, wires, plates, strips, and tubes. Based on outer diameter, the market is segmented into 3/8, 1/2, 5/8 inch, 3/4, 7/8, 1 inch, and above 1 inch. Based on application, the market is divided into HVAC and refrigeration, industrial heat-exchange equipment, plumbing, and others. Based on end-use, market is segmented into construction, automotive, oil & gas industry, medical, electronics, & others.
Market player
Some of the major players in the Vietnam Copper Pipes Market include 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.
Recent Developments
- Commerce released the Preliminary Determination in the LTFV examination of copper pipe and tube from Vietnam. on February 1st, 2024-2032.Commerce delayed the investigation's conclusion until June 16, 2024-2032, on February 8th, 2024-2032.In this inquiry, Hailiang (Vietnam) Copper Manufacturing Company Limited is the only obligatory respondent (Hailiang Vietnam).
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018– 2024-2032 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023 – 2028 |
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Report coverage |
Revenue forecast, Company Share, growth factors, and trends |
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Segments covered |
Type Product Outer Diameter Application |
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Regional scope |
Northern Vietnam, Southern Vietnam and Central Vietnam |
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Key companies profiled |
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. |
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Customisation scope |
10% free report customisation with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customised purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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