Copper Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2032

The report on the global copper market provides qualitative and quantitative analysis for the period from 2022-2032. The global copper market was valued at USD 173.349 billion in 2023 and is expected to reach USD 216.48 billion in 2032, with a CAGR of 2.52% during the forecast period 2024-2032. The study on copper market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.

The report on copper market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global copper market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global copper market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Growth in infrastructure development projects such as the construction of buildings, bridges, roads, and electrical infrastructure is driving the growth of the market.
• The growing electronics and electrical industry is driving the growth of the market.

2) Restraints

• Easy availability of substitutes and technological advancements can hamper the market growth.

3) Opportunities

• Rising copper recycling and circular economy initiatives can provide lucrative opportunities for the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global copper market is segmented on the basis of form, and application.

The Global Copper Market by Form

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

The Global Copper Market by Application

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

Company Profiles

The companies covered in the report include

• Antofagasta plc
• Anglo American plc
• BHP
• MITSUI MINING & SMELTING CO.,LTD.
• Codelco
• Teck Resources Limited
• Vale S.A.
• Mitsubishi Materials Corporation
• KGHM
• Rio Tinto

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the copper market.
2. Complete coverage of all the segments in the copper market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global copper market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.