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Copper Smelting Market By Process: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 200 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713173
The global copper smelting market was valued at $1.4 billion in 2021, and is projected to reach $2.0 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

Acid furnace smelting includes leaching of ore with use of ammonia or sulfuric acid in order to extract blister copper. Acid furnace smelting of copper is a continuous and multi-step smelting process that produces blister copper. Blister copper is a partial purified copper with blister surface formed during acid smelting process. Blister copper is mainly used for production of Tel (C2H5)4Pb tetra ethyl lead. This Tel (C2H5)4Pb tetra ethyl lead is further used to increase the efficiency of petroleum products or used as petroleum additive. In addition, it can also be used in automotive batteries, paints & pigments, and solder products. This factor has escalated the demand for blister copper thereby driving the demand of global market. In addition, copper ore concentrates are mined and stored and then separated depending upon copper grade. The separated copper ore is further differentiated on the basis of formulation quality and later transferred into flash smelting furnaces. Flash smelting includes refining of copper ore inside flash furnace in presence of oxygen enriched air. The copper is oxidized quickly and later melted followed by refining process. The copper produced through functioning flash smelting process consist 65% slag and mixture of iron oxide, silica, and other compounds. Traditional copper smelting process tend to generate and emit large toxic gas emission. Thus, several key-players in the copper smelting industry are adopting functioning flash smelting process, which is driving the demand for the global market. Majorly, functioning flash copper smelting process is used owing to its economic factors and production of high-quality electrolytic copper. ALl these factors are driving the demand of the global market.

However, copper ore generally consists of sulphur. Thus, copper smelting process tend to release sulphur dioxide, contributing towards air and water pollution. In addition, other harmful by-products release during copper smelting, which also contribute towards environmental degradation. For instance, slag is another contaminant released during copper smelting. This slag further tends to contaminate groundwater reservoirs.

Oxygen flash smelting includes production of blister copper through oxidation of copper-iron sulphide. Oxygen flash smelting produces casted copper wire. Cast copper wires are used across several industries owing to their material strength, durability, and corrosion resistance. In addition, the demand for cast copper rods across power & communication cables, household electrical wire, power distribution transformers, and magnets have escalated the demand for oxygen flash smelting of copper, thereby augmenting the demand of the global market. Key players in the copper smelting market are introducing innovative flash smelting technology process that offers low energy consumption, minimal emission, and high recovery of unsmelted copper is another considerable factor driving the demand of the global market. Blowing of oxygen during copper smelting significantly increases smelting capacity of copper ore and produces high grade copper.

Moreover, blowing of high-pressure oxygen inside the smelters produces high quality copper slag product that is further used in electronics & communication end-use industry. Oxygen flash smelting is important step in e pyrometallurgical production of blister copper. Oxygen flash smelting is considered as major copper smelting process and leads to production of molten matte copper and slag copper. All these factors collectively drive the demand of the global market. Copper slag is used in applications such as abrasive tools, roofing granules, tiles, railroad ballast, and others. This factor has escalated the demand for slag copper and anticipated to offer new growth opportunities for the global market.

The global copper smelting market profiles leading players that include Aditya Birla Management Corporation Pvt. Ltd., ASARCO (American Smelting and Refining Company), Aurubis AG, Dhanvanti Engineering, Glencore, Hindustan Copper Limited, KGHM, Southern Copper Corp, Teck Resources Ltd., and Vedanta Limited. The global copper smelting market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the copper smelting market analysis from 2021 to 2031 to identify the prevailing copper smelting market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the copper smelting market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global copper smelting market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Process

  • Reverberatory Smelting
  • Oxygen Flash Smelting
  • Functioning Flash Smelting
  • Converter Furnace Smelting
  • Acid Furnace Smelting
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Rest of Latin America
  • Rest of Middle East And Africa

Key Market Players

  • Aditya Birla Management Corporation Pvt. Ltd.
  • American Smelting and Refining Company
  • Aurubis AG
  • Dhanavanti Engineering
  • Glencore
  • Hindustan Copper Limited
  • KGHM
  • Southern Copper Corp.
  • Teck Resources Ltd.
  • Vedanta Limited
Frequently Asked Questions about the Global Copper Smelting Market

What is the estimated value of the Global Copper Smelting Market?

The Global Copper Smelting Market was estimated to be valued at $1.4 billion in 2021.

What is the growth rate of the Global Copper Smelting Market?

The growth rate of the Global Copper Smelting Market is 3.6%, with an estimated value of $2 billion by 2031.

What is the forecasted size of the Global Copper Smelting Market?

The Global Copper Smelting Market is estimated to be worth $2 billion by 2031.

Who are the key companies in the Global Copper Smelting Market?

Key companies in the Global Copper Smelting Market include Aditya Birla Management Corporation Pvt. Ltd., American Smelting and Refining Company, Aurubis AG, Dhanavanti Engineering, Glencore, Hindustan Copper Limited, KGHM, Southern Copper Corp. and Vedanta Limited.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape

CHAPTER 4: COPPER SMELTING MARKET, BY PROCESS
4.1 Overview
4.1.1 Market size and forecast
4.2 Reverberatory Smelting
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Oxygen Flash Smelting
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Functioning Flash Smelting
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Converter Furnace Smelting
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Acid Furnace Smelting
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country

CHAPTER 5: COPPER SMELTING MARKET, BY REGION
5.1 Overview
5.1.1 Market size and forecast
5.2 North America
5.2.1 Key trends and opportunities
5.2.2 North America Market size and forecast, by Process
5.2.3 North America Market size and forecast, by country
5.2.3.1 U.S.
5.2.3.1.1 Key market trends, growth factors and opportunities
5.2.3.1.2 Market size and forecast, by Process
5.2.3.2 Canada
5.2.3.2.1 Key market trends, growth factors and opportunities
5.2.3.2.2 Market size and forecast, by Process
5.2.3.3 Mexico
5.2.3.3.1 Key market trends, growth factors and opportunities
5.2.3.3.2 Market size and forecast, by Process
5.3 Europe
5.3.1 Key trends and opportunities
5.3.2 Europe Market size and forecast, by Process
5.3.3 Europe Market size and forecast, by country
5.3.3.1 Germany
5.3.3.1.1 Key market trends, growth factors and opportunities
5.3.3.1.2 Market size and forecast, by Process
5.3.3.2 UK
5.3.3.2.1 Key market trends, growth factors and opportunities
5.3.3.2.2 Market size and forecast, by Process
5.3.3.3 France
5.3.3.3.1 Key market trends, growth factors and opportunities
5.3.3.3.2 Market size and forecast, by Process
5.3.3.4 Spain
5.3.3.4.1 Key market trends, growth factors and opportunities
5.3.3.4.2 Market size and forecast, by Process
5.3.3.5 Italy
5.3.3.5.1 Key market trends, growth factors and opportunities
5.3.3.5.2 Market size and forecast, by Process
5.3.3.6 Russia
5.3.3.6.1 Key market trends, growth factors and opportunities
5.3.3.6.2 Market size and forecast, by Process
5.3.3.7 Rest of Europe
5.3.3.7.1 Key market trends, growth factors and opportunities
5.3.3.7.2 Market size and forecast, by Process
5.4 Asia-Pacific
5.4.1 Key trends and opportunities
5.4.2 Asia-Pacific Market size and forecast, by Process
5.4.3 Asia-Pacific Market size and forecast, by country
5.4.3.1 China
5.4.3.1.1 Key market trends, growth factors and opportunities
5.4.3.1.2 Market size and forecast, by Process
5.4.3.2 India
5.4.3.2.1 Key market trends, growth factors and opportunities
5.4.3.2.2 Market size and forecast, by Process
5.4.3.3 Japan
5.4.3.3.1 Key market trends, growth factors and opportunities
5.4.3.3.2 Market size and forecast, by Process
5.4.3.4 South Korea
5.4.3.4.1 Key market trends, growth factors and opportunities
5.4.3.4.2 Market size and forecast, by Process
5.4.3.5 Australia
5.4.3.5.1 Key market trends, growth factors and opportunities
5.4.3.5.2 Market size and forecast, by Process
5.4.3.6 Rest of Asia-Pacific
5.4.3.6.1 Key market trends, growth factors and opportunities
5.4.3.6.2 Market size and forecast, by Process
5.5 LAMEA
5.5.1 Key trends and opportunities
5.5.2 LAMEA Market size and forecast, by Process
5.5.3 LAMEA Market size and forecast, by country
5.5.3.1 Rest of Latin America
5.5.3.1.1 Key market trends, growth factors and opportunities
5.5.3.1.2 Market size and forecast, by Process
5.5.3.2 Rest of Middle East And Africa
5.5.3.2.1 Key market trends, growth factors and opportunities
5.5.3.2.2 Market size and forecast, by Process

CHAPTER 6: COMPANY LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Key developments

CHAPTER 7: COMPANY PROFILES
7.1 Aditya Birla Management Corporation Pvt. Ltd.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Operating business segments
7.1.4 Product portfolio
7.1.5 Business performance
7.1.6 Key strategic moves and developments
7.2 American Smelting and Refining Company
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Product portfolio
7.2.5 Business performance
7.2.6 Key strategic moves and developments
7.3 Aurubis AG
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Product portfolio
7.3.5 Business performance
7.3.6 Key strategic moves and developments
7.4 Dhanavanti Engineering
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Product portfolio
7.4.5 Business performance
7.4.6 Key strategic moves and developments
7.5 Glencore
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Product portfolio
7.5.5 Business performance
7.5.6 Key strategic moves and developments
7.6 Hindustan Copper Limited
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Operating business segments
7.6.4 Product portfolio
7.6.5 Business performance
7.6.6 Key strategic moves and developments
7.7 KGHM
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Product portfolio
7.7.5 Business performance
7.7.6 Key strategic moves and developments
7.8 Southern Copper Corp.
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Operating business segments
7.8.4 Product portfolio
7.8.5 Business performance
7.8.6 Key strategic moves and developments
7.9 Teck Resources Ltd.
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 Product portfolio
7.9.5 Business performance
7.9.6 Key strategic moves and developments
7.10 Vedanta Limited
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Operating business segments
7.10.4 Product portfolio
7.10.5 Business performance
7.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 2. Global Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 3. Copper Smelting Market for Reverberatory Smelting, by Region, 2021-2031 (Revenue, $Million)
Table 4. Copper Smelting Market for Reverberatory Smelting, by Region, 2021-2031 (Volume, Kiloton)
Table 5. Copper Smelting Market for Reverberatory Smelting, by Country, 2021-2031 (Revenue, $Million)
Table 6. Copper Smelting Market for Reverberatory Smelting, by Country, 2021-2031 (Volume, Kiloton)
Table 7. Copper Smelting Market for Oxygen Flash Smelting, by Region, 2021-2031 (Revenue, $Million)
Table 8. Copper Smelting Market for Oxygen Flash Smelting, by Region, 2021-2031 (Volume, Kiloton)
Table 9. Copper Smelting Market for Oxygen Flash Smelting, by Country, 2021-2031 (Revenue, $Million)
Table 10. Copper Smelting Market for Oxygen Flash Smelting, by Country, 2021-2031 (Volume, Kiloton)
Table 11. Copper Smelting Market for Functioning Flash Smelting, by Region, 2021-2031 (Revenue, $Million)
Table 12. Copper Smelting Market for Functioning Flash Smelting, by Region, 2021-2031 (Volume, Kiloton)
Table 13. Copper Smelting Market for Functioning Flash Smelting, by Country, 2021-2031 (Revenue, $Million)
Table 14. Copper Smelting Market for Functioning Flash Smelting, by Country, 2021-2031 (Volume, Kiloton)
Table 15. Copper Smelting Market for Converter Furnace Smelting, by Region, 2021-2031 (Revenue, $Million)
Table 16. Copper Smelting Market for Converter Furnace Smelting, by Region, 2021-2031 (Volume, Kiloton)
Table 17. Copper Smelting Market for Converter Furnace Smelting, by Country, 2021-2031 (Revenue, $Million)
Table 18. Copper Smelting Market for Converter Furnace Smelting, by Country, 2021-2031 (Volume, Kiloton)
Table 19. Copper Smelting Market for Acid Furnace Smelting, by Region, 2021-2031 (Revenue, $Million)
Table 20. Copper Smelting Market for Acid Furnace Smelting, by Region, 2021-2031 (Volume, Kiloton)
Table 21. Copper Smelting Market for Acid Furnace Smelting, by Country, 2021-2031 (Revenue, $Million)
Table 22. Copper Smelting Market for Acid Furnace Smelting, by Country, 2021-2031 (Volume, Kiloton)
Table 23. Copper Smelting Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 24. Copper Smelting Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 25. Copper Smelting Market for Others, by Country, 2021-2031 (Revenue, $Million)
Table 26. Copper Smelting Market for Others, by Country, 2021-2031 (Volume, Kiloton)
Table 27. Copper Smelting Market, by Region, 2021-2031 (Revenue, $Million)
Table 28. Copper Smelting Market, by Region, 2021-2031 (Volume, Kiloton)
Table 29. North America Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 30. North America Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 31. North America Copper Smelting Market, by Country, 2021-2031 (Revenue, $Million)
Table 32. North America Copper Smelting Market, by Country, 2021-2031 (Volume, Kiloton)
Table 33. U.S. Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 34. U.S. Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 35. Canada Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 36. Canada Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 37. Mexico Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 38. Mexico Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 39. Europe Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 40. Europe Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 41. Europe Copper Smelting Market, by Country, 2021-2031 (Revenue, $Million)
Table 42. Europe Copper Smelting Market, by Country, 2021-2031 (Volume, Kiloton)
Table 43. Germany Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 44. Germany Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 45. UK Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 46. UK Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 47. France Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 48. France Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 49. Spain Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 50. Spain Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 51. Italy Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 52. Italy Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 53. Russia Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 54. Russia Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 55. Rest of Europe Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 56. Rest of Europe Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 57. Asia-Pacific Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 58. Asia-Pacific Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 59. Asia-Pacific Copper Smelting Market, by Country, 2021-2031 (Revenue, $Million)
Table 60. Asia-Pacific Copper Smelting Market, by Country, 2021-2031 (Volume, Kiloton)
Table 61. China Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 62. China Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 63. India Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 64. India Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 65. Japan Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 66. Japan Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 67. South Korea Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 68. South Korea Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 69. Australia Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 70. Australia Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 71. Rest of Asia-Pacific Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 72. Rest of Asia-Pacific Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 73. LAMEA Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 74. LAMEA Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 75. LAMEA Copper Smelting Market, by Country, 2021-2031 (Revenue, $Million)
Table 76. LAMEA Copper Smelting Market, by Country, 2021-2031 (Volume, Kiloton)
Table 77. Rest of Latin America Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 78. Rest of Latin America Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 79. Rest of Middle East and Africa Copper Smelting Market, by Process, 2021-2031 (Revenue, $Million)
Table 80. Rest of Middle East and Africa Copper Smelting Market, by Process, 2021-2031 (Volume, Kiloton)
Table 81. Aditya Birla Management Corporation Pvt. Ltd.: Company Snapshot
Table 82. Aditya Birla Management Corporation Pvt. Ltd.: Operating Segments
Table 83. Aditya Birla Management Corporation Pvt. Ltd.: Product Portfolio
Table 84. Aditya Birla Management Corporation Pvt. Ltd.: Net Sales
Table 85. Aditya Birla Management Corporation Pvt. Ltd.: Key Strategies
Table 86. American Smelting and Refining Company: Company Snapshot
Table 87. American Smelting and Refining Company: Operating Segments
Table 88. American Smelting and Refining Company: Product Portfolio
Table 89. American Smelting and Refining Company: Net Sales
Table 90. American Smelting and Refining Company: Key Strategies
Table 91. Aurubis AG: Company Snapshot
Table 92. Aurubis AG: Operating Segments
Table 93. Aurubis AG: Product Portfolio
Table 94. Aurubis AG: Net Sales
Table 95. Aurubis AG: Key Strategies
Table 96. Dhanavanti Engineering: Company Snapshot
Table 97. Dhanavanti Engineering: Operating Segments
Table 98. Dhanavanti Engineering: Product Portfolio
Table 99. Dhanavanti Engineering: Net Sales
Table 100. Dhanavanti Engineering: Key Strategies
Table 101. Glencore: Company Snapshot
Table 102. Glencore: Operating Segments
Table 103. Glencore: Product Portfolio
Table 104. Glencore: Net Sales
Table 105. Glencore: Key Strategies
Table 106. Hindustan Copper Limited: Company Snapshot
Table 107. Hindustan Copper Limited: Operating Segments
Table 108. Hindustan Copper Limited: Product Portfolio
Table 109. Hindustan Copper Limited: Net Sales
Table 110. Hindustan Copper Limited: Key Strategies
Table 111. Kghm: Company Snapshot
Table 112. Kghm: Operating Segments
Table 113. Kghm: Product Portfolio
Table 114. Kghm: Net Sales
Table 115. Kghm: Key Strategies
Table 116. Southern Copper Corp.: Company Snapshot
Table 117. Southern Copper Corp.: Operating Segments
Table 118. Southern Copper Corp.: Product Portfolio
Table 119. Southern Copper Corp.: Net Sales
Table 120. Southern Copper Corp.: Key Strategies
Table 121. Teck Resources Ltd.: Company Snapshot
Table 122. Teck Resources Ltd.: Operating Segments
Table 123. Teck Resources Ltd.: Product Portfolio
Table 124. Teck Resources Ltd.: Net Sales
Table 125. Teck Resources Ltd.: Key Strategies
Table 126. Vedanta Limited: Company Snapshot
Table 127. Vedanta Limited: Operating Segments
Table 128. Vedanta Limited: Product Portfolio
Table 129. Vedanta Limited: Net Sales
Table 130. Vedanta Limited: Key Strategies

List of Figures
Figure 1. Copper Smelting Market Segmentation
Figure 2. Copper Smelting Market, 2021-2031
Figure 3. Copper Smelting Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Copper Smelting Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Regulatory Guidelines
Figure 14. Value Chain Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Copper Smelting Market, By Process, 2021(%)
Figure 19. Comparative Share Analysis of Reverberatory Smelting Copper Smelting Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Oxygen Flash Smelting Copper Smelting Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Functioning Flash Smelting Copper Smelting Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Converter Furnace Smelting Copper Smelting Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Acid Furnace Smelting Copper Smelting Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Others Copper Smelting Market, 2021-2031(%)
Figure 25. Copper Smelting Market by Region, 2021
Figure 26. U.S. Copper Smelting Market, 2021-2031($Million)
Figure 27. Canada Copper Smelting Market, 2021-2031($Million)
Figure 28. Mexico Copper Smelting Market, 2021-2031($Million)
Figure 29. Germany Copper Smelting Market, 2021-2031($Million)
Figure 30. Uk Copper Smelting Market, 2021-2031($Million)
Figure 31. France Copper Smelting Market, 2021-2031($Million)
Figure 32. Spain Copper Smelting Market, 2021-2031($Million)
Figure 33. Italy Copper Smelting Market, 2021-2031($Million)
Figure 34. Russia Copper Smelting Market, 2021-2031($Million)
Figure 35. Rest of Europe Copper Smelting Market, 2021-2031($Million)
Figure 36. China Copper Smelting Market, 2021-2031($Million)
Figure 37. India Copper Smelting Market, 2021-2031($Million)
Figure 38. Japan Copper Smelting Market, 2021-2031($Million)
Figure 39. South Korea Copper Smelting Market, 2021-2031($Million)
Figure 40. Australia Copper Smelting Market, 2021-2031($Million)
Figure 41. Rest of Asia-Pacific Copper Smelting Market, 2021-2031($Million)
Figure 42. Rest of Latin America Copper Smelting Market, 2021-2031($Million)
Figure 43. Rest of Middle East and Africa Copper Smelting Market, 2021-2031($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap of Top 10 Key Players
Figure 50. Aditya Birla Management Corporation Pvt. Ltd.: Net Sales ($Million)
Figure 51. American Smelting and Refining Compan.: Net Sales ($Million)
Figure 52. Aurubis A.: Net Sales ($Million)
Figure 53. Dhanavanti Engineerin.: Net Sales ($Million)
Figure 54. Glencor.: Net Sales ($Million)
Figure 55. Hindustan Copper Limite.: Net Sales ($Million)
Figure 56. Kgh.: Net Sales ($Million)
Figure 57. Southern Copper Corp.: Net Sales ($Million)
Figure 58. Teck Resources Ltd.: Net Sales ($Million)
Figure 59. Vedanta Limite.: Net Sales ($Million)

Executive Summary

According to the report, “Copper Smelting Market," the copper smelting market was valued at $1.4 billion in 2021, and is estimated to reach $2.0 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

Copper smelting is a type of process that includes separation of elemental copper from copper concentrates through multiple sulfide oxidizing stages. Key-players in the copper smelting market are introducing innovative flash smelting technology process that offers low energy consumption, minimal emission, and high recovery of smelted copper is another considerable factor driving the demand of the global market.

Blowing of oxygen during copper smelting significantly increases smelting capacity of copper ore and produces high grade copper. Primarily, copper ore concentrates are mined and stored and then separated depending upon copper grade.The separated copper ore is further differentiated on the basis of formulation quality and later transferred into flash smelting furnaces. Flash smelting includes refining of copper ore inside flash furnace in presence of oxygen enriched air. The copper is oxidized quickly and later melted followed by refining process. The copper produced through functioning flash smelting process consist 65% slag and mixture of iron oxide, silica, and other compounds.

Traditional copper smelting process tends to generate and emit large toxic gas emission. Thus, several key-players in the copper smelting industry are adopting functioning flash smelting process is driving the demand of the global market. However, copper smelting process tend to generate harmful by-products such as sulphur dioxide and other air pollutants. In addition, high sulphur dioxide content further tends to contaminate water bodies if released without primary treatment.

Reverberatory copper smelting includes use of reverberatory furnace for refining of copper. The fuel used during smelting is not in direct contact with the copper ore. Reverberatory smelting is most widely used copper smelting process that produces copper matte and slag. Reverberatory furnace used for copper smelting tends to produce high grade copper also known as granulated copper regulus. In addition, use of charge-hopper on reverberatory furnaces on copper smelting increases quality of copper products is the key market trend.

Moreover, reverberatory furnaces tend to smelt 12-50 tons of copper/day that in turn allows large production drives the demand of the global market. The growing demand for smelted copper has further increased the demand for copper smelting. All these factors have escalated the demand for reverberatory copper smelting. Small scale copper smelting is generally carried in reverberatory furnaces.

The copper smelting market is segmented on the basis of process, and region. By process, the market is segregated into reverberatory smelting, oxygen flash smelting, functioning flash smelting, converter furnace smelting, glass functioning flash smelting, and acid furnace smelting. The oxygen smelting segment dominated the global market in terms of revenue in 2021, with over 62% of the total share. Oxygen flash smelting includes production of blister copper through oxidation of copper-iron sulfide. Cast copper wire is used across several industries owing to its material strength, durability, and corrosion resistance. In addition, the demand for cast copper rods across power & communication cables, household electrical wire, power distribution transformers, and magnets have escalated the demand for oxygen flash smelting of copper, thereby augmenting the demand of the global market.

Region-wise, the copper smelting market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific copper smelting market is projected to grow at the highest CAGR during the forecast period. The rising building & construction, transportation, chemical manufacturing, and other sectors have enhanced the performance of the copper in the Asia-Pacific region. Furthermore, well established copper smelting companies in China have enhanced the overall performance of copper smelting market. For instance, Jiangxi Copper Group Corporation, Yunnan Copper Co., Ltd., Tongling Nonferrous Metals Group Holdings Co., Ltd., Yanggu Xiangguang Copper Co. Ltd. and Daye Nonferrous Metals Companies are actively engaged in the copper smelting manufacturing units owing to which it has increased the potential sales of market in Asia-Pacific region.

Key players operating in the global copper smelting market include Aditya Birla Management Corporation Pvt. Ltd., ASARCO (American Smelting and Refining Company), Aurubis AG, Dhanvanti Engineering, Glencore, Hindustan Copper Limited, KGHM, Southern Copper Corp, Teck Resources Ltd., and Vedanta Limited.

Key Findings:

  • The acid furnace smelting segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.0% from 2022 to 2031.
  • Asia-Pacific garnered the highest share of 63% in 2021, in terms of revenue, growing at a CAGR of 3.9%.

Companies Mentioned

  • Aditya Birla Management Corporation Pvt. Ltd.
  • American Smelting and Refining Company
  • Aurubis AG
  • Dhanavanti Engineering
  • Glencore
  • Hindustan Copper Limited
  • KGHM
  • Southern Copper Corp.
  • Teck Resources Ltd.
  • Vedanta Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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