Copper Rolling, Drawing & Extruding in the US - Industry Market Research Report

Drawn Out: Demand for Copper Wire Products is Expected to Experience Volatility

The Copper Rolling, Drawing and Extruding industry sells copper products in varying volumes based on the global price of copper, with revenue generally moving in line with its market price. Optimistic economic conditions caused revenue to grow as residential construction activity grew and the electrical transmission market expanded. Worsening economic conditions slowed demand from the residential construction sector, as high inflation and growing interest rates discouraged real estate activity. Similarly, the nonresidential construction market has struggled to bounce back from pandemic-related losses, harming copper sales. However, serving various markets protects copper processors from demand changes. As a result, revenue is expected to grow at a CAGR of 2.2% to $31.6 billion over the five years to 2023, including a 6.0% drop in 2023 alone.

Companies in this industry purchase refined and scrap copper to produce a range of fabricated products, such as wire, sheet, tubes, pipes, strips and bars, through rolling, drawing and extruding processes. This industry does not include companies that primarily smelt and refine copper or manufacture wire products from purchased wire.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.