Global Copper Market Growth 2024-2030

Global Copper Market Growth 2024-2030

Product Code:1241787

Published Date: Nov 29,2024

Pages: 139

Region: Global

Category: Chemical & Material

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The global Copper market size is predicted to grow from US$ 218850 million in 2024 to US$ 263030 million in 2030; it is expected to grow at a CAGR of 3.1% from 2024 to 2030.

Copper is one of the oldest metals ever used and has been one of the important materials in the development of civilization. Because of its properties, singularly or in combination, of high ductility, malleability, and thermal and electrical conductivity, and its resistance to corrosion, copper has become a major industrial metal, ranking third after iron and aluminum in terms of quantities consumed.

The copper market is a global market where participants trade in the commodity of copper, which is a non-ferrous metal extensively used in electrical wiring, construction, and various industrial applications due to its high electrical and thermal conductivity. The market for copper is influenced by a wide range of factors including supply and demand dynamics, geopolitical events, economic trends, and environmental policies. Copper is extracted from copper ores through mining operations, which can be either open-pit or underground. The largest copper-producing countries include Chile, Peru, China, the United States, and Australia. As a key material in electrical and electronic products, copper demand is strongly linked to industrial activity and manufacturing output. Construction sectors use copper for wiring, plumbing, and roofing, which contributes to the demand for the metal. Large-scale infrastructure projects, including those related to renewable energy, transportation, and communication, can significantly impact copper demand. Environmental regulations can affect mining operations, possibly reducing the supply of copper. There is an increasing trend towards sustainable and ethical mining practices, which might impact the cost and availability of copper. As an industrial metal, copper is often seen as a barometer for global economic health. An improving global economy generally increases demand for copper. The outlook for the copper market depends on a balance of these factors. Expectations around technological advancements (such as electric vehicles and renewable energy infrastructure), global economic growth, and shifts in trade policies can influence the future demand for copper. Investors monitor the copper market closely as part of their broader investment strategies, considering it both as a proxy for global economic conditions and as a direct investment opportunity through futures contracts, stocks of copper-producing companies, or physical copper trading.

LP Information, Inc. (LPI) ' newest research report, the “Copper Industry Forecast” looks at past sales and reviews total world Copper sales in 2023, providing a comprehensive analysis by region and market sector of projected Copper sales for 2024 through 2030. With Copper sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Copper industry.

This Insight Report provides a comprehensive analysis of the global Copper landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Copper portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Copper market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Copper and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Copper.

This report presents a comprehensive overview, market shares, and growth opportunities of Copper market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Plates
    Wires
    Rods and Bars
    Tubes
    Other

Segmentation by Application:
    Electrical Industry
    Transportation Industry
    Machinery and Metallurgy Industry
    Architecture and Art
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Aurubis
    Jiangxi Copper
    Jintian Group
    Hailiang Group
    Wieland
    Golden Dragon
    KME Group
    Mueller
    IUSA
    TNMG
    Mitsubishi Materials
    Luvata
    CHALCO
    Jinchuan Group
    Poongsan
    Diehl Group
    HALCOR Group
    Furukawa Electric

Key Questions Addressed in this Report
What is the 10-year outlook for the global Copper market?
What factors are driving Copper market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Copper market opportunities vary by end market size?
How does Copper break out by Type, by Application?