Global Copper Market was valued at US $ 3.19 Bn in 2023, and it is expected to reach US $ 4.26 Bn by 2030 with a CAGR of 4.21% during the forecast period.Copper Market Overview:
Copper is a metal that is often alloyed with other metals. Copper sheets are rolled or copper electrodes are deposited to make it. It possesses great electrical conductivity, mechanical strength, and endurance when compared to other metals, making it a preferred choice for industrial items. It is a malleable, ductile metal, with excellent electrical and thermal conductivity. A freshly exposed pure copper surface is pinkish-orange in color. Copper is used as a heat and electricity conductor, a building material, and a component of numerous metal alloys, including sterling silver for jewellery, cupronickel for nautical hardware and coins, and thermocouples for temperature monitoring, and constantan for strain gauges.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2018 to forecast the market through 2029. 2022 is considered a base year however 2022's numbers are on the real output of the companies in the market. Special attention is given to 2022 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Copper Market Dynamics:
Rising global demand for copper:
Building construction spending is expected to rise, which is expected to increase the consumption of copper wire, tube, and other mill products in applications including building wire and plumbing. As updates to national power grids drive the production of wire and cable, increased infrastructure investment, particularly in developing countries, is expected to be beneficial for the copper market major players even more. Also, improvements in global manufacturing output are expected to increase the consumption of copper metal in transportation equipment, industrial gear, household appliances, and other long-lasting goods.Rising production from copper mine:
Rapid annual production increases are expected in countries like Canada, Mexico, and Zambia, where continuous copper project construction is expected to drive the growth of the market over the forecast period. Peru's copper mine output is expected to increase significantly in Central and South America, where it is the dominant regional producer of copper ore and concentrates. Chile's copper ore and concentrate production, which accounted for over 40% of world output in 2022, is likely to grow more slowly because of the country's aged mines.Electrical and electronics product demand is rising:
As the population and per capita income have grown, so needs electronic equipment such as laptops, telephones, and tablets. Printed circuit boards (PCBs) are used in electronics to connect components, transmit electrical signals, and sustain the circuit. The market for PCBs has developed as a result of the growing demand for electrical equipment, thereby leading to the growth of the copper industry.Availability of aluminum as an alternative to copper:
Aluminum is a less expensive alternative to copper, and while its price has fluctuated over the last year, it only increased by 24% from the first quarter of 2022 to the first quarter of 2022, remaining much less expensive than copper. (US $2,091/ton vs. US $8,477/ton, for example). As a result, the market's growth is likely to be hampered by aluminum's simple availability and low price over the forecast period.Global Copper Market Segment Analysis:
Based on Product, the global copper market is segmented as follows, wire and cable, electronics and related devices, electric motors, renewable energy production, architecture, anti-biofouling, antimicrobial, speculative investing, and folk medicine. In 2022, the electronics and related devices segment was dominant and held more than xx% of the overall market share in terms of revenue. Copper drives heat transfer capacity along and across printed circuit boards (PCBs) and reduces stress caused by uneven PCB heating, which leads to failure. Thanks to its high electrical conductivity, it can also transmit electrical signals without delay. Because of the growing adoption of BEVs (Battery Electric Vehicles) around the world, particularly in the Asia Pacific area, lithium-ion batteries consumption and production are expected to increase at a quicker rate of xx% over the forecast period.Global Copper Market Regional Insights:
In 2022, Asia Pacific led the copper market with a market share of more than 37%, followed by North America and Europe. The growth of the Copper market in these regions has been supported by an increase in end-use sectors such as automotive and electronics, as well as increasing per capita income. According to the International Energy Agency (IEA), after a decade of tremendous growth, there were 10 million electric cars on the road around the world by the end of 2022, despite the pandemic-related global decline in car sales, which saw global car sales decline 16.2% in 2022, electric car registrations increased by 41.3%. An increasing population and greater demand for high-quality items have also supported the market's expansion in this region. In 2022, the United States was expected to account for around 27.12% of the global market size, while China is expected to grow at a 3.5% CAGR from 2023 to 2030. China, the world's second-largest economy, is expected to reach a market size of 5.2 million metric tonnes in 2030, representing a 3.52% annual growth rate. Japan and Canada are two more notable geographic markets, with growth forecasts of 0.12% and 1.34%, respectively, from 2023 to 2030. Germany is expected to grow at a 0.6% CAGR within Europe, while the rest of the European market is expected to reach 5.2 million metric tonnes by 2030. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.Copper Market Ecosystem
Global Copper Market Scope: Inquire before buying
Copper Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 3.19 Bn. Forecast Period 2024 to 2030 CAGR: 4.21% Market Size in 2030: US $ 4.26 Bn. Segments Covered: by Product Wire and cable Electronics and related devices Electric motors Renewable energy production Architecture Antibiofouling Antimicrobial Others by End Use Equipment Manufacturing Building Construction Infrastructure Transportation Industrial Others Global Copper Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Copper Market Key Players
1. Anglo American Plc 2. Antofagasta Plc 3. BHP Billiton Group 4. Codelco 5. First Quantum Minerals Ltd. 6. Grupo Mexico 7. Jiangxi Copper Co. Ltd. 8. JX Nippon Mining & Metals Corp. 9. KGHM Polska MiedY S.A 10. KME AG 11. Mitsubishi Materials Corp. 12. Mitsui Mining & Smelting Co. Ltd. 13. Norilsk Nickel 14. OM Group Inc. 15. Rio Tinto Group 16. Sumitomo Metal Mining Co., Ltd. 17. Teck Resources Ltd. 18. UMMC Holding Corp. 19. Vale Ltd.Frequently Asked Questions:
1. What is the forecast period considered for the Copper market report? Ans. The forecast period for the copper market is 2024-2030 2. Which key factors are hindering the growth of the Copper market? Ans. The easy availability and cheap cost of aluminum as compared to copper are key factors expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Copper market for the next 6 years? Ans. The global Copper market is expected to grow at a CAGR of 4.21% during the forecast period (2024-2030). 4. What are the key factors driving the growth of the Copper market? Ans. The rising global production of copper because of increased demand for electronics and related devices is the key factor expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Copper market report? Ans. Anglo American Plc, Antofagasta Plc, BHP Billiton Group, Codelco, First Quantum Minerals Ltd., Grupo México S.A.B. DE C.V, Jiangxi Copper Co. Ltd., JX Nippon Mining & Metals Corp., KGHM Polska MiedY S.A, KME AG, Mitsubishi Materials Corp., Mitsui Mining & Smelting Co. Ltd., Norilsk Nickel, OM Group Inc., Rio Tinto Group, Sumitomo Metal Mining Co., Ltd., Teck Resources Ltd., UMMC Holding Corp., Vale Ltd., and Others.
1. Copper Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Copper Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Y-O-Y % 2.5.6. Key Development 2.5.7. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Copper Market: Dynamics 3.1. Copper Market Trends 3.2. Copper Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. South America 3.5.5. MEA 3.6. Analysis of Government Schemes and Initiatives For the Grow Lights Industry 3.7. Value Chain Analysis 3.8. Supply Chain Analysis 3.9. Industry Ecosystem 3.10. Technology Analysis 4. Copper Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2023-2030) 4.1. Copper Market Size and Forecast, by Product (2023-2030) 4.1.1. Wire and cable 4.1.2. Electronics and related devices 4.1.3. Electric motors 4.1.4. Renewable energy production 4.1.5. Architecture 4.1.6. Antibiofouling 4.1.7. Antimicrobial 4.1.8. Others 4.2. Copper Market Size and Forecast, by End Use (2023-2030) 4.2.1. Equipment Manufacturing 4.2.2. Building Construction 4.2.3. Infrastructure 4.2.4. Transportation 4.2.5. Industrial 4.2.6. Others 5. North America Copper Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Copper Market Size and Forecast, by Product (2023-2030) 5.1.1. Wire and cable 5.1.2. Electronics and related devices 5.1.3. Electric motors 5.1.4. Renewable energy production 5.1.5. Architecture 5.1.6. Antibiofouling 5.1.7. Antimicrobial 5.1.8. Others 5.2. North America Copper Market Size and Forecast, by End Use (2023-2030) 5.2.1. Equipment Manufacturing 5.2.2. Building Construction 5.2.3. Infrastructure 5.2.4. Transportation 5.2.5. Industrial 5.2.6. Others 5.3. North America Copper Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Copper Market Size and Forecast, by Product (2023-2030) 5.3.1.1.1. Wire and cable 5.3.1.1.2. Electronics and related devices 5.3.1.1.3. Electric motors 5.3.1.1.4. Renewable energy production 5.3.1.1.5. Architecture 5.3.1.1.6. Antibiofouling 5.3.1.1.7. Antimicrobial 5.3.1.1.8. Others 5.3.1.2. United States Copper Market Size and Forecast, by End Use (2023-2030) 5.3.1.2.1. Equipment Manufacturing 5.3.1.2.2. Building Construction 5.3.1.2.3. Infrastructure 5.3.1.2.4. Transportation 5.3.1.2.5. Industrial 5.3.1.2.6. Others 5.3.2. Canada 5.3.2.1. Canada Copper Market Size and Forecast, by Product (2023-2030) 5.3.2.1.1. Wire and cable 5.3.2.1.2. Electronics and related devices 5.3.2.1.3. Electric motors 5.3.2.1.4. Renewable energy production 5.3.2.1.5. Architecture 5.3.2.1.6. Antibiofouling 5.3.2.1.7. Antimicrobial 5.3.2.1.8. Others 5.3.2.2. Canada Copper Market Size and Forecast, by End Use (2023-2030) 5.3.2.2.1. Equipment Manufacturing 5.3.2.2.2. Building Construction 5.3.2.2.3. Infrastructure 5.3.2.2.4. Transportation 5.3.2.2.5. Industrial 5.3.2.2.6. Others 5.3.3. Mexico 5.3.3.1. Mexico Copper Market Size and Forecast, by Product (2023-2030) 5.3.3.1.1. Wire and cable 5.3.3.1.2. Electronics and related devices 5.3.3.1.3. Electric motors 5.3.3.1.4. Renewable energy production 5.3.3.1.5. Architecture 5.3.3.1.6. Antibiofouling 5.3.3.1.7. Antimicrobial 5.3.3.1.8. Others 5.3.3.2. Mexico Copper Market Size and Forecast, by End Use (2023-2030) 5.3.3.2.1. Equipment Manufacturing 5.3.3.2.2. Building Construction 5.3.3.2.3. Infrastructure 5.3.3.2.4. Transportation 5.3.3.2.5. Industrial 5.3.3.2.6. Others 6. Europe Copper Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Copper Market Size and Forecast, by Product (2023-2030) 6.2. Europe Copper Market Size and Forecast, by End Use (2023-2030) 6.3. Europe Copper Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Copper Market Size and Forecast, by Product (2023-2030) 6.3.1.2. United Kingdom Copper Market Size and Forecast, by End Use (2023-2030) 6.3.2. France 6.3.2.1. France Copper Market Size and Forecast, by Product (2023-2030) 6.3.2.2. France Copper Market Size and Forecast, by End Use (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Copper Market Size and Forecast, by Product (2023-2030) 6.3.3.2. Germany Copper Market Size and Forecast, by End Use (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Copper Market Size and Forecast, by Product (2023-2030) 6.3.4.2. Italy Copper Market Size and Forecast, by End Use (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Copper Market Size and Forecast, by Product (2023-2030) 6.3.5.2. Spain Copper Market Size and Forecast, by End Use (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Copper Market Size and Forecast, by Product (2023-2030) 6.3.6.2. Sweden Copper Market Size and Forecast, by End Use (2023-2030) 6.3.7. Austria 6.3.7.1. Austria Copper Market Size and Forecast, by Product (2023-2030) 6.3.7.2. Austria Copper Market Size and Forecast, by End Use (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Copper Market Size and Forecast, by Product (2023-2030) 6.3.8.2. Rest of Europe Copper Market Size and Forecast, by End Use (2023-2030) 7. Asia Pacific Copper Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Copper Market Size and Forecast, by Product (2023-2030) 7.2. Asia Pacific Copper Market Size and Forecast, by End Use (2023-2030) 7.3. Asia Pacific Copper Market Size and Forecast, by Country (2023-2030) 7.3.1. China 7.3.1.1. China Copper Market Size and Forecast, by Product (2023-2030) 7.3.1.2. China Copper Market Size and Forecast, by End Use (2023-2030) 7.3.2. S Korea 7.3.2.1. S Korea Copper Market Size and Forecast, by Product (2023-2030) 7.3.2.2. S Korea Copper Market Size and Forecast, by End Use (2023-2030) 7.3.3. Japan 7.3.3.1. Japan Copper Market Size and Forecast, by Product (2023-2030) 7.3.3.2. Japan Copper Market Size and Forecast, by End Use (2023-2030) 7.3.4. India 7.3.4.1. India Copper Market Size and Forecast, by Product (2023-2030) 7.3.4.2. India Copper Market Size and Forecast, by End Use (2023-2030) 7.3.5. Australia 7.3.5.1. Australia Copper Market Size and Forecast, by Product (2023-2030) 7.3.5.2. Australia Copper Market Size and Forecast, by End Use (2023-2030) 7.3.6. ASIAN 7.3.6.1. ASIAN Copper Market Size and Forecast, by Product (2023-2030) 7.3.6.2. ASIAN Copper Market Size and Forecast, by End Use (2023-2030) 7.3.7. Rest of Asia Pacific 7.3.7.1. Rest of Asia Pacific Copper Market Size and Forecast, by Product (2023-2030) 7.3.7.2. Rest of Asia Pacific Copper Market Size and Forecast, by End Use (2023-2030) 8. Middle East and Africa Copper Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Copper Market Size and Forecast, by Product (2023-2030) 8.2. Middle East and Africa Copper Market Size and Forecast, by End Use (2023-2030) 8.3. Middle East and Africa Copper Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Copper Market Size and Forecast, by Product (2023-2030) 8.3.1.2. South Africa Copper Market Size and Forecast, by End Use (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Copper Market Size and Forecast, by Product (2023-2030) 8.3.2.2. GCC Copper Market Size and Forecast, by End Use (2023-2030) 8.3.3. Nigeria 8.3.3.1. Nigeria Copper Market Size and Forecast, by Product (2023-2030) 8.3.3.2. Nigeria Copper Market Size and Forecast, by End Use (2023-2030) 8.3.4. Rest of ME&A 8.3.4.1. Rest of ME&A Copper Market Size and Forecast, by Product (2023-2030) 8.3.4.2. Rest of ME&A Copper Market Size and Forecast, by End Use (2023-2030) 9. South America Copper Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Copper Market Size and Forecast, by Product (2023-2030) 9.2. South America Copper Market Size and Forecast, by End Use (2023-2030) 9.3. South America Copper Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Copper Market Size and Forecast, by Product (2023-2030) 9.3.1.2. Brazil Copper Market Size and Forecast, by End Use (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Copper Market Size and Forecast, by Product (2023-2030) 9.3.2.2. Argentina Copper Market Size and Forecast, by End Use (2023-2030) 9.3.3. Rest Of South America 9.3.3.1. Rest of South America Copper Market Size and Forecast, by Product (2023-2030) 9.3.3.2. Rest of South America Copper Market Size and Forecast, by End Use (2023-2030) 10. Company Profile: Key Players 10.1. Anglo American Plc 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.3.1. Total Revenue 10.1.3.2. Segment Revenue 10.1.3.3. Annual Revenue 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Antofagasta Plc 10.3. BHP Billiton Group 10.4. Codelco 10.5. First Quantum Minerals Ltd. 10.6. Grupo Mexico 10.7. Jiangxi Copper Co. Ltd. 10.8. JX Nippon Mining & Metals Corp. 10.9. KGHM Polska MiedY S.A 10.10. KME AG 10.11. Mitsubishi Materials Corp. 10.12. Mitsui Mining & Smelting Co. Ltd. 10.13. Norilsk Nickel 10.14. OM Group Inc. 10.15. Rio Tinto Group 10.16. Sumitomo Metal Mining Co., Ltd. 10.17. Teck Resources Ltd. 10.18. UMMC Holding Corp. 10.19. Vale Ltd. 11. Key Findings and Analyst Recommendations 11.1. Attractive Opportunities for Players in Rice Hush Ash Market 12. Copper Market: Research Methodology
