Copper Market Report: Trends, Forecast and Competitive Analysis to 2030

Copper Trends and Forecast

The future of the global copper market looks promising with opportunities in the construction, transportation, appliance & electronic, power generation and distribution & transmission markets. The global copper market is expected to reach an estimated $223.4 billion by 2030 with a CAGR of 4.4% from 2024 to 2030. The major drivers for this market are increasing demand from the construction and electronics industries, modernization of power grids and integration of energy storage systems, and stringent environmental regulations.

A more than 150-page report is developed to help in your business decisions.

Copper by Segment

The study includes a forecast for the global copper by type, form, application, and region.

Copper Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Primary Copper
• Secondary Copper

Copper Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• Wire Rods
• Plates
• Sheets & Strips
• Tubes
• Bars & Sections
• Others

Copper Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Construction
• Transportation
• Appliances & Electronics
• Power Generation
• Distribution & Transmission
• Others

Copper Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Copper Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies copper companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the copper companies profiled in this report include-

• Anglo American
• Antofagasta
• BHP
• Codelco
• First Quantum Minerals
• Grupo Mexico
• Jiangxi Copper
• KGHM
• Mitsubishi Materials
• Rio Tinto

Copper Market Insights

Lucintel forecasts that primary copper is expected to witness the higher growth over the forecast period.

Within this market, appliance & electronic will remain the largest segment as copper has the capability of transmitting electrical signals quickly.

APAC will remain the largest region over the forecast period due to the significantly growing construction industry and increasing investments in the telcommunication and electronic industries in the region.

Features of the Global Copper Market

Market Size Estimates: Copper market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Copper market size by type, form, application, and region in terms of value ($B).

Regional Analysis: Copper market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, forms, applications, and regions for the copper market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the copper market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the copper market size?

Answer: The global copper market is expected to reach an estimated $223.4 billion by 2030.

Q2. What is the growth forecast for copper market?

Answer: The global copper market is expected to grow with a CAGR of 4.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the copper market?

Answer: The major drivers for this market are increasing demand from the construction and electronics industries, modernization of power grids and integration of energy storage systems, and stringent environmental regulations.

Q4. What are the major segments for copper market?

Answer: The future of the global copper market looks promising with opportunities in the construction, transportation, appliance & electronic, power generation and distribution & transmission markets.

Q5. Who are the key copper market companies?

Answer: Some of the key copper companies are as follows.

• Anglo American
• Antofagasta
• BHP
• Codelco
• First Quantum Minerals
• Grupo Mexico
• Jiangxi Copper
• KGHM
• Mitsubishi Materials
• Rio Tinto

Q6. Which copper market segment will be the largest in future?

Answer: Lucintel forecasts that primary copper is expected to witness the higher growth over the forecast period.

Q7. In copper market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the significantly growing construction industry and increasing investments in the telcommunication and electronic industries in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the copper market by type (primary copper and secondary copper), form (wire rods, plates, sheets & strips, tubes, bars & sections, and others), application (construction, transportation, appliances & electronics, power generation, distribution & transmission, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?