Copper Market Size And Forecast
The Global Copper Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Copper Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Copper Market was valued at USD 6.74 Billion in 2019 and is projected to reach USD 10.53 Billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027.
What is Copper?
Copper is a ductile, malleable, and soft metal with very high electrical and thermal conductivity. It is a chemical element with atomic number 29 and symbol Cu. Copper is a good conductor of heat & electricity and occurs in nature in a directly usable form. It is pinkish-orange in color and ranked as the third most consumed metal in the world after iron and aluminum. Cu is a 29th element in the periodic table having an atomic weight of 63.55 amu. It is a transition metal having several uses in various industries such as transportation, construction, power generation, electronics & appliances, etc.
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Global Copper Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Properties of copper such as ductility, high tensile strength, machinability, corrosion resistance, higher thermal conductivity, and high heat transfer capability are likely to fuel the demand of copper across various industrial segments over the forecasted years. Increasing demand for copper in mining technology, defense, & machinery and discovery of newer copper reserves are also projected to boost the market during the predicted years. On the other hand, fluctuating prices of copper can hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Copper Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Copper Market Competitive Landscape
The “Global Copper Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Codelco, Freeport-McMoRan, BHP Billiton, Glencore, Southern Copper Corp., KGHM Polska Miedz, Antofagasta, First Quantum Ltd., Rio Tinto Group, and Vale. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Copper Market, By Type
• Primary copper
• Secondary copper
Copper Market, By Form
• Sheets & Strips
• Bars & Sections
Copper Market, By End-User
• Appliances & Electronics
• Power Generation
• Distribution and Transmission
Copper Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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