Copper Market is Projected to reach USD 453756.06 Million by 2029

The Global Copper Market report provides comprehensive insights on the global industry, presenting valuable facts and figures. This research study examines the intricate details of the global market, including industrial chain structure and raw material suppliers, while also examining key segments and market sizes. The report combines historical data with forecasts from 2023 to 2029, to provide a holistic view, enabling stakeholders to make informed decisions. Focusing on the digital health market, this intelligent research provides users with a deep understanding of the industry's past trends and future prospects. It serves as a useful resource for strategizing and navigating the evolving market environment.

Data Bridge Market Research analyses that the copper market was valued at USD 304790.00 million in 2021 and is expected to reach USD 453756.06 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022 to 2029.

Top Key Players:
Anglo American (U.K.), Antofagasta Plc (U.K.), BHP (Australia), Codelco (Chile), First Quantum Minerals Ltd. (Canada), Grupo México (Mexico), Jiangxi Copper Co. Ltd. (China), JX Nippon Mining & Metals Corpation (Japan), KGHM (Poland), KME GERMANY GMBH (Germany), Mitsubishi Materials Corporation (Japan), Mitsui Mining & Smelting Co. Ltd. (Japan), Norilsk Nickel (Russia), OM Group Inc. (U.S.), Rio Tinto (U.K.), Sumitomo Metal Mining Co., Ltd. (Japan), Teck Resources Limited (Canada), UMMC Holding Corp. (Russia), Vale (Brazil), among Other.

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Market Segmentation:

Product
• Acrylonitrile Butadiene Styrene
• Polyphenylene Ether
• Polybutylene Terephthalate
• Polyamide
• Polysulfone, Liquid Crystal Polymers
• Polyphenylsulfone
• Polytetrafluoroethylene
• Polyetherimide
• Polycarbonate
• Others

Application
• Building and Construction
• Automotive and Transportation
• Healthcare
• Packaging
• Aerospace

Drivers
•Growth and expansion influenced the market growth
The growth and development of the building and construction industry has encouraged the demand for copper which is a major driver of direct and indirect growth of the copper market. Namely, increasing renovation and remodeling activities, increasing rate of urbanization, and increasing infrastructure development in backward and rural areas are directly influencing the market growth rate.

•Important mineral for human health
Copper is an essential mineral that consumers get into their bodies when they eat some types of fruits, seafood, nuts, vegetables, and other foods. Copper is an essential mineral for growth and overall health. Copper plays an important role in body organs and systems that help make red blood cells, keep nerve cells healthy, support the immune system and more. Increasing demand from the electronics sector is expected to drive the copper market.

•Rising demand in electronic sector
Copper is the main ingredient in the superconductors that make all advanced electronics possible. It has absolutely zero resistance to electricity. Copper has a higher electrical or thermal conductivity than silver, which makes copper essential for electrical manufacturing. These include electromagnets, semiconductors, heat sinks, electrical wiring, heating elements, microchips, and welding electrodes.

Market Opportunities

• Rise the demand in gross domestic product
Copper has become more influential globally, adding to gross domestic product in both emerging and developed countries. Drilling, reusable copper, and transformation into mixed minerals create a wide variety of commodities formulated for comprehensive positive employment. The need for copper for plugs, construction valves, pipes and fixtures has extended its germination in this market.

Additionally, surging demand for copper is expected to coincide with tunneling technology and development of new copper resources is expected to create beneficial market growth opportunities.

Copper Market Regional Insights:

Asia Pacific dominates the copper market in terms of revenue in the forecast period. This is due to the increasing demand for copper in the region. Asia Pacific is leading the paper bag market due to highly developed construction and development in the region.
During the projected period, North America is expected to be the fastest developing region due to building and construction growth in the region.

• North America (United States, Canada and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Table of Content:
• Copper Market Introduction
• Research Methodology
• Executive Summary
• Market Variables, Trends, and Scope
• Copper Market Overview
• Market Analysis Tools
• Copper Market Segmentation
• Copper Market Analysis and Forecast
• Company Profiles
• Impact of COVID-19
• Competitive Intelligence and Competitive
Matrix
• Major Deals and Strategic Alliances Analysis
• Relevant Case Studies and Latest News Updates

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