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Copper - Global Strategic Business Report

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    Report

  • 313 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338726
The global market for Copper is estimated at US$202.4 Billion in 2023 and is projected to reach US$298.4 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

However, copper also faces challenges such as price volatility and supply constraints. The mining and extraction of copper can be significantly affected by geopolitical issues, environmental regulations, and the economic stability of producing countries, which occasionally leads to a tight supply market and price surges. Moreover, the push towards recycling and more sustainable mining practices reflects growing environmental awareness and the need to secure a stable copper supply for future technological developments. As such, the trends in the copper market are closely watched by industries and investors alike, given its critical role in both traditional infrastructure and modern technological applications.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Electrical & Electronics End-Use segment, which is expected to reach US$134.4 Billion by 2030 with a CAGR of a 6.8%. The Building & Construction End-Use segment is also set to grow at 4.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $53.1 Billion in 2023, and China, forecasted to grow at an impressive 8.7% CAGR to reach $68.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Copper Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Copper Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Copper Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Anglo American Plc, Antofagasta Plc, BHP Billiton Group, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 122 Featured):

  • Anglo American Plc
  • Antofagasta Plc
  • BHP Billiton Group
  • Codelco
  • First Quantum Minerals Ltd.
  • Grupo México S.A.B. DE C.V
  • Jiangxi Copper Co. Ltd.
  • JX Nippon Mining & Metals Corp.
  • KGHM Polska MiedŸ S.A
  • KME AG
  • Mitsubishi Materials Corp.
  • Mitsui Mining & Smelting Co. Ltd.
  • Norilsk Nickel
  • OM Group Inc.
  • Rio Tinto Group
  • Sumitomo Metal Mining Co., Ltd.
  • Teck Resources Ltd.
  • UMMC Holding Corp.
  • Vale Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Copper - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Demand from the Electrical and Electronics Industry
  • Growth in Construction and Infrastructure Development
  • Expansion of Renewable Energy Projects
  • Rising Demand for Electric Vehicles (EVs)
  • Impact of Technological Advancements in Mining and Refining
  • Innovations in Copper-Based Alloys and Compounds
  • Growing Applications in the Telecommunications Sector
  • Increasing Focus on Energy Efficiency and Green Technologies
  • Role of Digitalization and Automation in Copper Mining
  • Demand from the Consumer Goods and Appliance Sector
  • Expansion of Smart Grid and Smart Home Technologies
  • Adoption of Advanced Manufacturing Technologies
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Copper Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Copper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Copper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Copper by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Consumer & General Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Consumer & General Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Consumer & General Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Industrial Machinery & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Industrial Machinery & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Industrial Machinery & Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 20: USA Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: USA Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: USA 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
CANADA
  • Table 23: Canada Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 24: Canada Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: Canada 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
JAPAN
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 26: Japan Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Japan Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 28: Japan 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
CHINA
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 29: China Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 30: China Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 31: China 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
EUROPE
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Copper by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 33: Europe Historic Review for Copper by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 34: Europe 16-Year Perspective for Copper by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • Table 35: Europe Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 36: Europe Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 37: Europe 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
FRANCE
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 38: France Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: France Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 40: France 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
GERMANY
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 41: Germany Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 42: Germany Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 43: Germany 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
ITALY
  • Table 44: Italy Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Italy Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 46: Italy 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 47: UK Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 48: UK Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 49: UK 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
SPAIN
  • Table 50: Spain Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Spain Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 52: Spain 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
RUSSIA
  • Table 53: Russia Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 54: Russia Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 55: Russia 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
REST OF EUROPE
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of Europe Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 58: Rest of Europe 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 59: Asia-Pacific Recent Past, Current & Future Analysis for Copper by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 60: Asia-Pacific Historic Review for Copper by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 61: Asia-Pacific 16-Year Perspective for Copper by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 63: Asia-Pacific Historic Review for Copper by End-Use - Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 64: Asia-Pacific 16-Year Perspective for Copper by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Building & Construction, Transportation, Consumer & General Products and Industrial Machinery & Equipment for the Years 2014, 2024 & 2030
AUSTRALIA
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Copper Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Anglo American Plc
  • Antofagasta Plc
  • BHP Billiton Group
  • Codelco
  • First Quantum Minerals Ltd.
  • Grupo México S.A.B. DE C.V
  • Jiangxi Copper Co. Ltd.
  • JX Nippon Mining & Metals Corp.
  • KGHM Polska MiedŸ S.A
  • KME AG
  • Mitsubishi Materials Corp.
  • Mitsui Mining & Smelting Co. Ltd.
  • Norilsk Nickel
  • OM Group Inc.
  • Rio Tinto Group
  • Sumitomo Metal Mining Co., Ltd.
  • Teck Resources Ltd.
  • UMMC Holding Corp.
  • Vale Ltd.

Table Information