Copper Market Size is expected to reach at USD 446.7 Billion by 2030, registering a CAGR of 4.9%, Owing to Growing Demand in Electronic and Electrical Industry
Acumen Research and Consulting recently published report titled “Copper Market and Region Forecast, 2022 – 2030”
BEIJING, Dec. 19, 2022 (GLOBE NEWSWIRE) — The Global Copper Market Size accounted for USD 291.1 Billion in 2021 and is projected to occupy a market size of USD 446.7 Billion by 2030 growing at a CAGR of 4.9% from 2022 to 2030.
Copper Market Statistics
- Global copper market revenue was worth USD 291.1 billion in 2021, with a 4.9% CAGR from 2022 to 2030
- Asia-Pacific Copper market share occupied around 67% in 2021
- North America Copper market growth is expected to expand at a CAGR of 45.1% from 2022 to 2030
- By application, electrical & electronics segment capture over 33.8% of total market share in 2021
- Increasing adoption of smart city solutions, drives the Copper market value
Request For Free Sample Report @ https://www.acumenresearchandconsulting.com/request-sample/1268
Copper Market Coverage:
| Market | Copper Market | |
| Copper Market Size 2021 | USD 291.1 Billion | |
| Copper Market Forecast 2030 | USD 446.7 Billion | |
| Copper Market CAGR During 2022 – 2030 | 4.9% | |
| Copper Market Analysis Period | 2018 – 2030 | |
| Copper Market Base Year | 2021 | |
| Copper Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Application, And By Geography | |
| Copper Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Jiangxi Copper Corporation, Tongling Non-Ferrous Metals Group, BHP Bilition, Antofagasta Plc., LS-Nikko Co., Group Mexico, Aurubis, Vedanta Resources Plc, Freeport McMoRan Inc., Codelco, Rio Tinto, Glencore International AG, and Sumitomo Metal Mining Co. Ltd. | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
Copper Market Overview
Copper is a chemical substance with 29 atomic numbers and the symbol Cu. It is a metal that frequently alloys elements with other metals. When compared to other metals, it has superior mechanical strength, electrical properties, and durability, making it a popular choice for industrial applications. To manufacture it, copper plates are wrapped or copper conductors are placed. It is a ductile, versatile material with excellent thermal and electrical conductivity. The color of a freshly exposed pure copper surface is pinkish-orange.
Copper Market Trends
A few of the major growth factors for the worldwide copper market include economic expansion, expanding urbanization, particularly in emerging nations, improvement of electricity and communication infrastructure, as well as technological advancement. Copper cabling and tubing, as well as copper alloys, are frequently employed in residential and commercial construction. Growing demands from a variety of industries, particularly in Asia-Pacific nations, are propelling worldwide copper market expansion.
Furthermore, copper & copper-based compounds are widely employed in a wide range of applications that are quite beneficial in everyday life. Brass is the name given to copper alloyed with zinc. Bronze is a copper as well as a tin alloy with trace metals such as aluminum, manganese, & nickel. Copper can acquire new properties when alloying elements with the other metals, allowing it to be used in particularly specialized applications. Copper’s chemical, physical, etc aesthetic properties make it an ideal material for a wide variety of industrial, residential, and high-technology purposes.
Check the detailed table of contents of the report @
https://www.acumenresearchandconsulting.com/table-of-content/copper-market
Copper Market Segmentation
The global copper market has been segmented by Acumen Research and Consulting based on application. By application, the segment is separated into building & construction, transportation, industrial machinery & equipment, electrical & electronics, and consumer & general products. The electrical & electronics segment is leading the global market in 2021. Rising demand for cable, wire, household electric circuits, converters, socket components, adapters, as well as motor manufacture is expected to fuel its usage throughout the projection period. Copper soldering material with copper foils is also being employed in vacuum electronic equipment such as magnetrons, high-frequency tubes, and copper-printed circuit design. According to the copper market forecast, the building & construction segment is expected to grow significantly in the market over the forecasting years.
Copper Market Regional Overview
Based on the region, the worldwide copper market segmentation is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to a copper industry analysis, China established a major portion of the Asian copper market in terms of both volume and revenue in 2021. The existence of significant copper refineries as well as copper producers, as well as an increase in building demand driven by the country’s rising urbanization, are driving up the market for copper throughout China. The copper market across North America, Europe, & Asia-Pacific is expected to grow at a rapid pace over the forecast period. As a result, the copper market in Latin America, the Middle East, and Africa is predicted to grow slowly throughout the projection period.
Buy this premium research report –
https://www.acumenresearchandconsulting.com/buy-now/0/1268
Copper Market Players
Some of the prominent copper market companies are Jiangxi Copper Corporation, BHP Bilition, LS-Nikko Co., Freeport McMoRan Inc., Rio Tinto, Group Mexico, and Aurubis. Other prominent players in the copper market are Vedanta Resources Plc, Codelco, Glencore International AG, Tongling Non-Ferrous Metals Group, Antofagasta Plc., and Sumitomo Metal Mining Co. Ltd.
Questions Answered By This Report
- What was the market size of Copper Market in 2021?
- What will be the CAGR of Copper Market during the forecast period from 2022 to 2030?
- Who are the major players in Global Copper Market?
- Which region held the largest share Command and Control Systems Market in 2021?
- What are the key market drivers Copper Market?
- Who is the largest end user Copper Market?
- What will be the Copper Market value in 2030?
Browse More Research Topic on ICT Sector Related:
The Global Hydrocolloids Market Size accounted for USD 9,745 Million in 2021 and is expected to reach the market value of USD 16,120 Million by 2030 growing at a CAGR of 5.9% during the forecast period from 2022 to 2030.
The Global Refrigerants Market Size was valued at USD 21,398 Million in 2021 and is predicted to be worth USD 40,757 Million by 2030, with a CAGR of 7.6% from 2022 to 2030.
The Global Green Coating Market Size accounted for USD 73,852 Million in 2021 and is expected to reach the market value of USD 110,633 Million by 2030 at a CAGR of 4.7% during the forecast period from 2022 to 2030.
About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
For Latest Update Follow Us on Twitter , Instagram and LinkedIn
Contact Us:
Mr. Richard Johnson
Acumen Research and Consulting
USA: +13474743864
India: +918983225533
E-mail: [email protected]
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same. 