About Copper-
Copper is a vital metal renowned for its superior ability to conduct electricity and heat, making it indispensable across various industries. With an atomic number of 29, copper is easily recognized by its reddish-brown color and its pliability, allowing it to be shaped into wires, pipes, and numerous other forms. Its electrical conductivity is second only to silver, which is why it is extensively used in electrical wiring and electronic devices. Furthermore, copper's resistance to corrosion makes it an excellent choice for plumbing, ensuring that water systems remain durable and reliable over time. In addition to its practical uses, copper possesses antimicrobial properties, which means it can kill germs. This makes it particularly valuable in healthcare environments where preventing infections is critical. Items such as doorknobs and medical equipment are often coated with copper to minimize the spread of bacteria.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aviva Metals (USA), Citizen Metalloys Limited (India), Sam Dong America (USA), SH Copper Products Company (Japan), KGHM Polska Miedź S.A. (Poland), Mitsubishi Materials Corporation (Japan), KME Germany GmbH (Germany), Freeport-McMoRan Inc. (USA), Aurubis AG (Germany), Metrod Holdings Berhad (Malaysia), Cupori Oy (Finland), Wieland-Werke AG (Germany), thyssenkrupp Materials NA (USA), Zhejiang Libo Holding Group Company (China), Pan Pacific Copper Company (Japan), Furukawa Electric Co., Ltd (Japan), Watteredge LLC (USA) and RK Copper & Alloy LLP (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Copper- market by Type (Wire, Strips, Rods, Busbars and Others) and Region.
On the basis of geography, the market of Copper- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user Industry, the sub-segment i.e. Automotive and Heavy Equipment will boost the Copper- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for copper in electric vehicles and Increasing use of copper in renewable energy applications
Market Growth Drivers:
Rising demand from emerging markets and Growing adoption of copper in renewable energy applications
Challenges:
Competition from alternative materials and Supply chain disruptions
Restraints:
Fluctuating copper prices and Environmental concerns related to copper mining
Opportunities:
specialize in recovering and refining copper from electronic waste or industrial scrap are well-positioned to thrive.
Market Leaders and their expansionary development strategies
In November 2023, South Korean company SK Nexilis began producing ultrathin oxygen-free coppers (4 microns) in its new Malaysian facility. This facility has a capacity of 57.0 kilotons per year and was developed at an investment of KRW 900.0 billion (~USD 690.0 million)
In September 2024, Hindalco Industries has launched a new copper-silver alloy for use in high-speed urban transportation, dedicated freight corridors and the rapidly expanding metro rail network.
Key Target Audience
Corporate Executives and Entrepreneurs, Research Organizations, Industry Professionals and Business Leaders, Marketing and Advertising Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.