Data Bridge Market Research analyses that the Copper market which was USD 304.79 billion in 2022, would rocket up to USD 453.76 billion by 2030, and is expected to undergo a CAGR of 5.1% during the forecast period of 2023 to 2030. 

Industry Analysis

The global copper market has witnessed steady growth over the years, driven by increasing demand from various industries such as construction, electrical and electronics, automotive, and consumer goods. The analysis focuses on understanding the demand and supply dynamics of the copper market. It includes an assessment of key consuming industries and their growth prospects, along with evaluation of major copper-producing regions and their production capacities. Factors such as urbanization, industrialization, and infrastructure projects significantly impact the demand and supply balance in the market.

“Appliances and electronics” dominates the application segment of the copper market due to its excellent electrical conductivity and resistance to corrosion. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Copper is a chemical element that has 29 atomic numbers with the symbol Cu. A copper chemical element is reddish in color and an extremely ductile metal of Group 11 (Ib) of the periodic table. It is an unusually good conductor of heat and electricity. Copper is found in the native state of nature. It is a soft, malleable metal with very high electrical and thermal conductivity. The surface of the pure copper has a pinkish-orange color.

Global Copper Market Scope

The copper market is segmented on the basis of type, form, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Primary Copper
• Secondary Copper

Form

• Wire Rods
• Plates
• Sheets and Strips
• Tubes
• Bars and Sections
• Others

Application

• Construction
• Transportation
• Appliances and Electronics
• Power Generation
• Distribution and Transmission
• Others

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Global Copper Market Regional Analysis/Insights

The copper market is analysed and market size insights and trends are provided by element and application and are referenced above. The countries covered in the Copper market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa.

Asia-Pacific is expected to dominate the copper market due to the increasing demand for copper in this region and the highly developed construction industry.

North America is expected to be the fastest growing market during the forecast period of 2023 to 2030 because of the increasing building and construction activities in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Copper Market Share Analysis

The copper market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the copper market.

Some of the major players operating in the copper market are:

·       Anglo American (U.K.)

·       Antofagasta Plc (U.K.)

·       BHP (Australia)

·       Codelco (Chile)

·       First Quantum Minerals Ltd. (Canada)

·       Grupo México (Mexico)

·       Jiangxi Copper Co. Ltd. (China)

·       JX Nippon Mining & Metals Corporation (Japan)

·       KGHM (Poland)

·       KME GERMANY GMBH (Germany)

·       Mitsubishi Materials Corporation (Japan)

·       Mitsui Mining & Smelting Co. Ltd. (Japan)

·       Norilsk Nickel (Russia)

·       OM Group Inc. (U.S.)

·       Rio Tinto (U.K.)

·       Sumitomo Metal Mining Co., Ltd. (Japan)

·       Teck Resources Limited (Canada)

·       UMMC Holding Corp. (Russia)

·       Vale (Brazil)

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MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Segmentation

Ø  Chapter Three: Market Overview

Ø  Chapter Four: Executive Summary

Ø  Chapter Five: Premium Insights

Ø  Chapter Six: Global Copper Market by Product & Procedure type

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