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The global copper pipes and tubes market reached a volume of 4.5 Million Tons in 2020. Copper pipes and tubes are widely used in the construction sector owing to the electrical and thermally conductive properties of copper. Although an overall copper plumbing is expensive as compared to its plastic counterpart, it still is a convenient option in terms of cost-benefits because of its long-term reliability. Furthermore, copper pipes have extensive industrial utilization owing to their non-corrosive and non-reactive nature. These pipes and tubes are also used for the transportation of gases since copper is non-permeable to air and gas and offers reduced chances of leakage and contamination caused by oxygen, ultraviolet (UV) rays and temperature from the external environment.
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NEW YORK, May 12, 2021 /PRNewswire/
The global air compressors market by product (stationary air compressor and portable air compressor) and geography (APAC, North America, Europe, South America, and MEA) has been added to Technavio s offering. The global air compressors market is expected to grow by USD 6.93 billion, at a CAGR of almost 4% during 2021-2025.
Technavio has announced its latest market research report titled Air Compressors Market by Product and Geography - Forecast and Analysis 2021-2025
The outbreak of COVID-19 negatively impacted the air compressor market in 2020. Also, the rise in the number of COVID-19 cases due to the second wave of the outbreak has resulted in partial lockdowns in several countries. As a result, most non-essential and non-urgent industrial operations are closed temporarily. This has subsequently decreased investments in the oil and gas industry, which is expected to have an impact on the growth of the air compressors mark
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The global steel wire market size is projected to grow from USD 93.1 billion in 2020 to USD 124.7 billion by 2025, at a CAGR of 6.0% between 2020 and 2025.
Steel wires are demanded in various end-use industries including construction, automotive, industrial; due to their advantages properties such as high strength, conductivity, and durability. However, global pandemic disease COVID-19 has disrupted the operations of construction, automotive, and other industries which are expected to decrease the demand for steel wire in 2020.
The non-rope form is the fastest-growing form of steel wires, in terms of value.
The non-rope form steel wires find wide applications in various end-use industries. Some of the major applications include a wire for tires, hoses, galvanized wires and strands, ACSR strands, and armoring of conductor cables, springs, fasteners, clips, staples, mesh, fencing, screws, nails, barbed wires