Global Copper Market Outlook to 2027
Copper (Cu) is a reddish chemical element that is a malleable, soft, and ductile metal with very high electrical and thermal conductivity. It is used in several applications, including electrical power, electronics, energy, transportation, machinery, petrochemicals, metallurgy, and some high-tech fields. According to BlueQuark Research & Consulting, the global copper market is expected to witness a significant growth rate during the forecast period. The major factor responsible for the growth of the global copper market is increasing demand from the electrical and electronics segment, among others. Furthermore, the growing demand for electric vehicles is likely to drive the global copper market. However, the availability of substitutes of copper, as well as the higher prices for energy and material are expected to restrain the growth of the market in the forecast period.
Asia-Pacific region is expected to be the largest market for global copper due to the high consumption from power generation sectors and the growing electrical and electronics industry in the region.Further, countries like China, Japan, and South Korea have been investing in technology development including supercomputers, robots, high power generation units, electric vehicles, and communication devices.
In terms of the end-users, the electrical and electronics segment is likely to drive the market due to its properties like good electrical conductivity, corrosion resistance, high ductile, excellent thermal conductivity, recyclability, and non-magnetic nature. Moreover, several companies have shifted to copper by replacing aluminum in producing various internal parts for high-speed computers, home appliances, telecommunication applications, etc. Therefore, the growth of this segment in developing economies has increased the demand for copper in recent times.
In the year 2019, the global copper market was found to be partially consolidated. Major players in the market were found to be BHP, KGHM, Aurubis AG, Glencore, and Codelco, among others.
In July 2020, Rudra Copper Limited of Chingola announced to invest USD 41 million in the processing of copper from the slag commonly referred as the ‘Black Mountain’ into Copper and cobalt. Moreover, in December 2019, China’s copper producer Jiangxi Copper (JCC) has signed an agreement for USD 1.1 billion to acquire entire equity interest in PIM Cupric Holdings (PCH) from Canadian investment company Pangaea Investment Management (PIM).
GlobalCopper Marketreport provides deep insight into the current and future state ofCopper market across various regions.The study comprehensively analyzes theCopper market by segmenting based on geography, by Type (Primary Copper and Secondary Copper), by End-user Industry (Electrical and Electronics, Construction, Automotiveand Heavy Equipment, Industrial, and Other End-user Industries). The report examines the market drivers and restraints along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.
Asia-Pacific region is expected to be the largest market for global copper due to the high consumption from power generation sectors and the growing electrical and electronics industry in the region.Further, countries like China, Japan, and South Korea have been investing in technology development including supercomputers, robots, high power generation units, electric vehicles, and communication devices.
In terms of the end-users, the electrical and electronics segment is likely to drive the market due to its properties like good electrical conductivity, corrosion resistance, high ductile, excellent thermal conductivity, recyclability, and non-magnetic nature. Moreover, several companies have shifted to copper by replacing aluminum in producing various internal parts for high-speed computers, home appliances, telecommunication applications, etc. Therefore, the growth of this segment in developing economies has increased the demand for copper in recent times.
In the year 2019, the global copper market was found to be partially consolidated. Major players in the market were found to be BHP, KGHM, Aurubis AG, Glencore, and Codelco, among others.
In July 2020, Rudra Copper Limited of Chingola announced to invest USD 41 million in the processing of copper from the slag commonly referred as the ‘Black Mountain’ into Copper and cobalt. Moreover, in December 2019, China’s copper producer Jiangxi Copper (JCC) has signed an agreement for USD 1.1 billion to acquire entire equity interest in PIM Cupric Holdings (PCH) from Canadian investment company Pangaea Investment Management (PIM).
GlobalCopper Marketreport provides deep insight into the current and future state ofCopper market across various regions.The study comprehensively analyzes theCopper market by segmenting based on geography, by Type (Primary Copper and Secondary Copper), by End-user Industry (Electrical and Electronics, Construction, Automotiveand Heavy Equipment, Industrial, and Other End-user Industries). The report examines the market drivers and restraints along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1
Primary Copper
5.1.2 Secondary Copper
5.2 By End-user Industry
5.2.1 Electrical and Electronics
5.2.2 Construction
5.2.3 Automotive and Heavy Equipment
5.2.4 Industrial
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
BHP
7.2
Aurubis AG
7.3
Codelco
7.4
KGHM
7.5
Chinalco Shanghai Copper
7.6
Glencore
7.7
Southern Copper Corporation
7.8
Freeport-McMoRan
7.9
Group Mexico
7.10
Xstrata Plc
7.11
Group Mexico
7.12
First Quantum Ltd.
7.13
Vale
7.14
Rio Tinto Group
7.15
Antofagasta
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1
Primary Copper
5.1.2 Secondary Copper
5.2 By End-user Industry
5.2.1 Electrical and Electronics
5.2.2 Construction
5.2.3 Automotive and Heavy Equipment
5.2.4 Industrial
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
BHP
7.2
Aurubis AG
7.3
Codelco
7.4
KGHM
7.5
Chinalco Shanghai Copper
7.6
Glencore
7.7
Southern Copper Corporation
7.8
Freeport-McMoRan
7.9
Group Mexico
7.10
Xstrata Plc
7.11
Group Mexico
7.12
First Quantum Ltd.
7.13
Vale
7.14
Rio Tinto Group
7.15
Antofagasta
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Copper Market, in kilo tons, 2016-2025
Primary Copper – Copper Market, in kilo tons, 2016-2025
Secondary Copper – Copper Market, in kilo tons, 2016-2025
Electrical and Electronics – Copper Market, in kilo tons, 2016-2025
Construction – Copper Market, in kilo tons, 2016-2025
Automotive and Heavy Equipment – Copper Market, in kilo tons, 2016-2025
Industrial – Copper Market, in kilo tons, 2016-2025
Electric Power – Copper Market, in kilo tons, 2016-2025
North America - Copper Market, in kilo tons, 2016-2025
Europe – Copper Market, in kilo tons, 2016-2025
Asia-Pacific - Copper Market, in kilo tons, 2016-2025
South America - Copper Market, in kilo tons, 2016-2025
Middle East & Africa - Copper Market, in kilo tons, 2016-2025
Copper - Market Share of Key Companies in 2019
Other Supporting Charts
Electrical and Electronics Industry Growth Data, 2013-2019
Construction Industry Growth Data, 2013-2019
Electric Vehicle Industry Growth Data, 2013-2019
Global Copper Market, in kilo tons, 2016-2025
Primary Copper – Copper Market, in kilo tons, 2016-2025
Secondary Copper – Copper Market, in kilo tons, 2016-2025
Electrical and Electronics – Copper Market, in kilo tons, 2016-2025
Construction – Copper Market, in kilo tons, 2016-2025
Automotive and Heavy Equipment – Copper Market, in kilo tons, 2016-2025
Industrial – Copper Market, in kilo tons, 2016-2025
Electric Power – Copper Market, in kilo tons, 2016-2025
North America - Copper Market, in kilo tons, 2016-2025
Europe – Copper Market, in kilo tons, 2016-2025
Asia-Pacific - Copper Market, in kilo tons, 2016-2025
South America - Copper Market, in kilo tons, 2016-2025
Middle East & Africa - Copper Market, in kilo tons, 2016-2025
Copper - Market Share of Key Companies in 2019
Other Supporting Charts
Electrical and Electronics Industry Growth Data, 2013-2019
Construction Industry Growth Data, 2013-2019
Electric Vehicle Industry Growth Data, 2013-2019
