The global copper concentrate market was valued at US$ 81 Billion in 2019 and is projected to reach US$ 93 Billion by 2027 expanding at a CAGR of 2.5% during the forecast period, 2020-2027. Copper concentrates are typically prepared by removing water from a copper solution High purity copper concentrate, having the smallest possible average grain size, is used for preparing pressed and bonded sputtering targets using processes such as physical vapor deposition (PVD), chemical vapor deposition (CVD), metal-organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), low-temperature organic evaporation, and thermal and electron beam (E Beam) evaporation.

Market Dynamics:
The market is driven by factors such as growing awareness regarding the properties of copper, increasing production of copper-based alloys, and growing use of copper-based products for human health. However, availability of cheaper alternatives and implementation of taxes and strict regulation policies are key restraints of this market. Ongoing research development activities in the field of green mining and use of smart mining technology for mining are boosting the growth of the market.

Segmental Outlook:
On the basis of type, the global copper concentrate market is bifurcated into pyrometallurgical and hydrometallurgy. The pyrometallurgical segment is estimated to hold a significant market share of the market during the forecast period due to its highly efficient outcomes and its ability to process at high temperature to provide high production rates therefore, the segment is anticipated to expand at a healthy CAGR of 2.5% during the forecast period. The hydrometallurgy segment is estimated to grow at sluggish pace, as this process has low recovery rate of the copper metal.

Based on applications, the global copper concentrate market is classified into electrical industry, mechanical industry, industrial machineries and equipment, military defense, and others. The electrical industry segment is projected to constitute half of the market by 2027 as a majority of the copper is used in the electrical applications such as building electrical wiring, computer chips, and power cables. The mechanical industry and industrial machineries & equipment segments are anticipated to expand at significant pace due to increasing demand for copper from these industries during the forecast period.

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Competitive Landscape:
• Key players in the market include Anglo American, Glencore, Jiangxi Copper Corporation, and others. These companies are considered as key manufacturers of copper concentrate based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
• The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the copper concentrate extraction is added in the company’s capacity.
• For instance, in 2019, Katanga Mining of Glencore announced plans to acquire land rights from Gécamines. This helped the company increase its products and assets.

Key Benefits for Industry Participants & Stakeholders:
• In-depth Analysis of the Global Copper Concentrate Market
• Historical, Current and Projected Market Size in terms of Value and Volume
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Copper Concentrate Market Performance

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