Copper Market 2024-2028
The copper market is forecasted to grow by USD 70 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the copper market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for copper from APAC, superior properties of copper, and growing demand for copper from EV industry.
Technavio's copper market is segmented as below:
- By Application
- Electrical and electronics
- Construction
- Telecommunication
- Transportation
- Others
- By Type
- Primary
- Secondary
- By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the technological innovations driving the demand for copper as one of the prime reasons driving the copper market growth during the next few years. Also, high demand for copper in green buildings and rise in adoption of renewable energy will lead to sizable demand in the market.
The report on the copper market covers the following areas:
- Copper market sizing
- Copper market forecast
- Copper market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading copper market vendors that include ABC Gas International Ltd., Anglo American plc, Antofagasta plc, Aurubis AG, Baroda Extrusion Ltd., Bhagyanagar India Ltd., BHP Group Ltd., Corporacion Nacional del Cobre de Chile, First Quantum Minerals Ltd., Freeport McMoRan Inc., Glencore Plc, Grupo Mexico S.A.B. de C.V., Hindalco Industries Ltd., Hindustan Copper Ltd., KGHM Polska Miedz SA, Madhav Copper Ltd., Rio Tinto Ltd., Vale SA, and Vedanta Ltd.. Also, the copper market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.