Market Snapshot:
Copper is a reddish-orange metal renowned for its exceptional electrical conductivity, excellent heat transfer, and remarkable malleability, making it a cornerstone of modern technology and infrastructure. Its natural abundance and recyclability further enhance its appeal. Copper semis, short for "semi-finished products," are essentially intermediate forms derived from refined copper. By undergoing processes like rolling, drawing, or extruding, copper transforms into various shapes and sizes without reaching the final product stage as building blocks for diverse applications. Both the copper and copper semis markets are expected to experience healthy growth in the coming years. The increasing demand from key sectors like construction, electronics, EVs, and renewable energy will continue to drive market expansion. The future of copper and copper semis appears bright, reflecting the increasing need for efficient and sustainable solutions in various industries.
Highlights from Copper and Copper Semis Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Freeport-McMoRan (United States), BHP (Australia), Glencore (Switzerland), Antofagasta (Chile), Southern Copper Corporation (United States), KAZ Minerals (United Kingdom), MMG Limited (Australia), Aurubis (Germany), Tongling Nonferrous Metals Group (China) and Mitsui Mining & Smelting (Japan). Additionally, other players that are part of this comprehensive study are Hindalco Industries (India), Jiangxi Copper Corporation (China), Sumitomo Metal Mining (Japan), Codelco (Chile) and First Quantum Minerals (Canada).
Geographic Breakdown and Segment Analysis
The Global Copper and Copper Semis market presents a comprehensive analysis of the Copper and Copper Semis market by product type (Copper Rods, Copper Wires, Copper Tubes, Copper Foils and Others), by end-user/application (Building and Construction, Consumer Electronics, Transportation, Renewable Energy and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Copper and Copper Semis industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Copper and Copper Semis market
Analyst at AMA have segmented the market study of Global Copper and Copper Semis market by Type, Application and Region.
Influencing Trend:
Rise of electric vehicles
Market Growth Drivers:
Growth in the electronics industry and Expansion of the renewable energy sector
Challenges:
The price of copper is highly volatile
Restraints:
Competition from substitutes
Opportunities:
Urbanization and infrastructure development and The growing economies of China, India, and other developing countries
Market Developments Activities:
In August 2023, China Minmetals Corporation and Glencore announced a partnership to develop a new copper mine in the Democratic Republic of Congo. The project is expected to produce up to 300,000 tonnes of copper per year.
In September 2021, The Copper Mark launched its pilot scheme for semis-fabricator sites. The assurance framework to promote responsible practices and demonstrate the copper industry’s contribution to the United Nations Sustainable Development Goals has announced that it is piloting the implementation of its assurance framework for semis-fabricators
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Key Target Audience
Manufacturer, Potential Investors, Suppliers & Distributors, New Entrance, Research Organization and Others