Copper Market – Global Industry Analysis and Forecast (2022-2027) by Application, and Region

By 2027, the Copper Market is expected to reach US $363.01 billion, thanks to growth in the electronics and related devices segment. The report analyzes market dynamics by region and end-user industries.

Copper Market Overview:

The global copper market was valued at US $271.99 Billion in 2020, and it is expected to reach US $363.01 Billion metric tons by 2027 with a CAGR of 4.21% during the forecast period. 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. Global Copper MarketTo know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 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 2019, 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 2020 to the first quarter of 2021, 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 Application, 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 2020, 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 by Application

Global Copper Market Regional Insights:

In 2020, 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 2020, despite the pandemic-related global decline in car sales, which saw global car sales decline 16.2% in 2020, 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 2020, 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 2020 to 2027. China, the world's second-largest economy, is expected to reach a market size of 5.2 million metric tonnes in 2027, 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 2020 to 2027. 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 2027. 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.

Global Copper Market Scope: Inquire before buying

Global Copper Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 271.99 Bn.
Forecast Period 2021 to 2027 CAGR: 4.21% Market Size in 2027: US $ 363.01 Bn.
Segments Covered: by Product • Wire and cable • Electronics and related devices • Electric motors • Renewable energy production • Architecture • Antibiofouling • Antimicrobial • Speculative investing • Folk medicine

Global Copper Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Copper Market Key Players

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. • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Copper market report? Ans. The forecast period for the copper market is 2021-2027. 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 (2021-2027). 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. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Copper Market Size, by Market Value (US $Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Copper Market 3.4. Geographical Snapshot of the Copper Market, By Manufacturer share 4. Global Copper Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Copper Market 5. Supply Side and Demand Side Indicators 6. Global Copper Market Analysis and Forecast, 2020-2027 6.1. Global Copper Products Market Size & Y-o-Y Growth Analysis. 7. Global Copper Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.1.1. Wire and cable 7.1.2. Electronics and related devices 7.1.3. Electric motors 7.1.4. Renewable energy production 7.1.5. Architecture 7.1.6. Antibiofouling 7.1.7. Antimicrobial 7.1.8. Speculative investing 7.1.9. Folk medicine 8. Global Copper Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Copper Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.1.1. Wire and cable 9.1.2. Electronics and related devices 9.1.3. Electric motors 9.1.4. Renewable energy production 9.1.5. Architecture 9.1.6. Antibiofouling 9.1.7. Antimicrobial 9.1.8. Speculative investing 9.1.9. Folk medicine 10. North America Copper Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Copper Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Copper Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Copper Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Copper Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Copper Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Copper Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Copper Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Copper Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Copper Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Copper Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Copper Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Copper Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Copper Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Copper Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Copper Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Copper Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Copper Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Copper Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Copper Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Copper Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Copper Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Copper Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Copper Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Copper Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Copper Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Copper Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Copper Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Copper Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Copper Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Copper Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Copper Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Copper Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Copper Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Copper Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Copper Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Anglo American plc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. ENEOS Holdings Inc. 45.3.3. Antofagasta Plc 45.3.4. BHP Billiton Group 45.3.5. Codelco 45.3.6. First Quantum Minerals Ltd. 45.3.7. Grupo México S.A.B. DE C.V 45.3.8. Jiangxi Copper Co. Ltd. 45.3.9. JX Nippon Mining & Metals Corp. 45.3.10. KGHM Polska MiedY S.A 45.3.11. KME AG 45.3.12. Mitsubishi Materials Corp. 45.3.13. Mitsui Mining & Smelting Co. Ltd. 45.3.14. Norilsk Nickel 45.3.15. OM Group Inc. 45.3.16. Rio Tinto Group 45.3.17. Sumitomo Metal Mining Co., Ltd. 45.3.18. Teck Resources Ltd. 45.3.19. UMMC Holding Corp. 45.3.20. Vale Ltd. 45.3.21. Others 46. Primary Key Insights

About This Report

Report ID 29798
Category Material & Chemical
Published Date May 2019
Updated Date Oct 2021
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