The Copper Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Copper Market:
https://www.thebusinessresearchcompany.com/report/copper-global-market-report
According to The Business Research Company’s Copper Global Market Report 2024, The copper market size has grown strongly in recent years. It will grow from $166.25 billion in 2023 to $179.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to electrical and electronics industry, construction sector, industrial machinery manufacturing, automotive manufacturing, infrastructure development.
The copper market size is expected to see strong growth in the next few years. It will grow to $240.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to renewable energy transition, electric vehicles (evs) demand, urbanization and construction growth, 5g network expansion, global economic recovery. Major trends in the forecast period include copper in antimicrobial applications, supply chain resilience and diversification, copper recycling initiatives, copper alloy innovations, copper price volatility and market speculation.
The growth in the copper market is due to increasing construction projects in rapidly developing countries such as China and India owing to the rising population and infrastructure. Population refers to the whole number of people or inhabitants in a country or region. Copper minerals and ores are found in both igneous and sedimentary rocks. For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718. Therefore, the rising population is driving the growth of the copper market.
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The copper market covered in this report is segmented –
1) By Type: Refining Industry, Metal Processing Industry, Chemical Industry, and Other Types
2) By Mining Type: Underground Mining, Surface Mining
Autonomous drilling systems are being implemented by the copper industries to enhance safety, efficiency, and productivity. This technology is being used to accurately identify drill location and drill production blast holes more effectively using advanced levelling technologies.
The copper market report table of contents includes:
1. Executive Summary
2.Copper Market Characteristics
3.Copper Market Trends And Strategies
4.Copper Market analysis
5. Copper Market Size And Growth
6. Copper Segmentation
7.Copper Regional And Country Analysis
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27.Copper Competitive Landscape And Company Profiles
28.Copper Key Mergers And Acquisitions
29.Copper Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Glencore PLC
- BHP Billiton
- Rio Tinto Group
- Vale S.A.
- Zijin Mining Group Co. Ltd.
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