Global Copper Market Size, Industry Analysis Report, By Form (Plates, Sheets & Strips, Wire Rod, Rods, Bars & Sections), By End-use Industry (Electrical & Electronics, Industrial, Construction, Transportation), Regional Outlook (U.S., Canada, Germany, UK, Italy, Russia, China, India, Japan, Australia, South Korea, ASEAN, Argentina, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Zimbabwe), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

Created On: Aug-2018
Report ID: IR162
Format: PDF

The Global Copper Market is expected to grow at the highest rate over the forecast period, owing to its increasing consumption in various end-use industries such as electrical & electronics, construction, industrial, etc.

Copper Market: Market Dynamics

Growth in construction activities in the developing and as well as developed countries is predicted to accelerate the copper demand over the coming years. Advancements in the production output in manufacturing equipment, electronic appliances, and other products are further projected to augment the copper demand over the projected period. Copper metal is highly traded to customers in multiple forms such as plates, sheets, strips, rods, etc.

Copper is also majorly consumed by electric vehicles. Growing number of electric vehicles’ production is set to fuel another opportunity for the growth of the copper market. According to a study by Insights and Reports, the sales of the electric or hybrid vehicle is expected to surpass 24.0 million by 2025. Electric vehicles use a considerably large volume of copper in their windings, rotors used in electric motors, and batteries. As the demand for electric vehicles is set to increase significantly, the demand for copper is also projected to rise proportionally over the next years.

Growing competition from alternative materials such as aluminum and plastic will likely hamper the market growth over the coming years.

Copper Market: By Form

Based on form, the wire rod copper market is predicted to have the dominant market share in 2017. These wire rods are used for manufacturing ultra-high voltage cables which are used for underground and submarine applications in large quantities. Moreover, the copper wire rods find additional applications in electric motors, automobiles, etc.

Copper Market: By End-use Industry

The copper market for construction held the prime market share in 2017, followed by electrical & electronics and automotive. High product consumption for plumbing applications like tubing, taps, valves, tanks, etc. will significantly enhance the market size for construction. Growing automotive production, coupled with rising sales and manufacture of electric vehicles are some important factors enhancing the market size for transportation end-use industry.

Copper Market: By Region

In terms of volume, the Asia Pacific market is dominated the global market in 2017. Asia Pacific regional market is predicted to witness the fastest market growth during the overall forecast period, mainly attributed to rapid industrialization, urbanization, and increasing automobiles’ production in this region.

Copper Market: Competitive Landscape

Some of the predominant players in the global market include Freeport Mcmorran Inc., Glencore International AG, Anglo American PLC, Grupo Mexico, Antofagasta PLC, Tongling Nonferrous Metals Group, Codelco, BHP Billiton Group, Rio Tinto Group, Aurubis AG, Jiangxi Copper Corp, and JC Nippon Mining & Metals among several others. Key mining companies in the copper market are making strategic moves, by making tie-ups and mergers with other companies to increase their geographical reach, which will further help them to improve their share in the global market.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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