Global Copper Market Size showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.2% during the forecast period that is 2017-2025 owing to its increasing consumption in various end-use industries such as electrical & electronics, construction, industrial, etc.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global copper market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global copper market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

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 Veracious Statistics Research & Consulting, 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 copper market growth over the coming years.

By Form Insights: 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.

By End-use Industry Insights:  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 copper market size for construction. Growing automotive production, coupled with rising sales and manufacture of electric vehicles are some important factors enhancing the copper market size for transportation end-use industry.

Region Analysis

The global copper market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of volume, the Asia Pacific copper market 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.

Global Copper Market Size, Share Analysis By Region 2017

Global Copper Market Study Objective

1. To forecast the market size of copper market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of copper market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of copper market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of copper market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the copper market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of copper market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of copper market commercially.

Key Players Landscape

Some of the predominant players in the global copper 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 copper market.

Global Copper Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.