Global Copper Market Growth 2025-2031

Global Copper Market Growth 2025-2031

The global Copper market size is predicted to grow from US$ 237700 million in 2025 to US$ 258390 million in 2031; it is expected to grow at a CAGR of 1.4% from 2025 to 2031.

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 2024, providing a comprehensive analysis by region and market sector of projected Copper sales for 2025 through 2031. 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:
Electric-power Industry
Transportation
Electronic Products
Construction and Buildings
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.
Jintian Group
Jiangxi Copper
Aurubis
Hailiang Group
Golden Dragon
Wieland
TNMG
Hindalco Industries Limited
KGHM
Mueller Industries
Mitsubishi Materials
KME Group
Poongsan
Jinchuan Group
CHALCO
Furukawa Electric
HALCOR Group
Diehl Group

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?

Please note: The report will take approximately 2 business days to prepare and deliver.