Copper & Copper Manufactured Products Market was valued at USD 145.3 Billion in 2022 and is projected to reach USD 190.5 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The global copper and copper manufactured products market experienced significant fluctuations between 2018 and 2022. Copper, a vital industrial metal, saw its demand driven by sectors like electrical, automotive, and construction. The period from 2018 to 2022 presented an era of volatility due to trade tensions, fluctuating commodity prices, and shifting industrial demand. Market growth was particularly impacted by supply chain disruptions and the global pandemic, which led to a temporary dip in copper production and usage. However, the demand for copper and copper-based products rebounded strongly in 2021, with the acceleration of infrastructure projects and the push towards renewable energy initiatives, such as electric vehicles (EVs) and green energy technologies.
The outlook for the copper and copper manufactured products market from 2023 to 2033 is poised for substantial growth. As the world increasingly embraces green technologies, the demand for copper is expected to surge. Copper plays a crucial role in renewable energy infrastructure, including solar power systems, wind turbines, and electric vehicles (EVs), all of which are integral to global decarbonization efforts. The automotive industry, in particular, is expected to be a major driver, with EV adoption projected to increase significantly. It is anticipated that the copper demand from the electric vehicle market alone could account for a substantial portion of the overall growth during this period.
The construction sector is also poised to fuel demand, as urbanization trends continue in developing nations. In particular, copper’s role in the wiring and plumbing industries ensures that its use will remain high in residential and commercial building projects. Moreover, emerging economies in Asia and Africa are expected to be key contributors to this demand, driven by industrialization and infrastructure development. The global push for sustainable energy solutions is further propelling copper demand, especially in the context of renewable energy and energy storage systems.
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Aurubis
Jiangxi Copper
KME
Hailiang Group
Wireland
Golden Dragon
Jintian
Incuan
Mueller
IUSA
Marmon
Wolverine Tube
Poongsan
MKM
GB Holding
TNMG
Luvata
CHALCO
Mitsubishi Materials
Diehl
KGHM
Furukawa Electric
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Copper & Copper Manufactured Products Market
Electronic Industry
Transportation Industry
Machinery Industry
Architecture and Art
Other
Based on Types the Market is categorized into Below types that held the largest Copper & Copper Manufactured Products market share In 2023.
Copper Plates
Copper Strips
Copper Foils
Copper Tubes
Copper Rods
Copper Wires
Copper Profiles
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Copper & Copper Manufactured Products Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Copper & Copper Manufactured Products Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Copper & Copper Manufactured Products Market, By Type
6. Global Copper & Copper Manufactured Products Market, By Application
7. Global Copper & Copper Manufactured Products Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Copper & Copper Manufactured Products Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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