2024 Low-Carbon Copper Market: Driving Sustainable Metal Production

"The Business Research Company recently released a comprehensive report on the Global Low-Carbon Copper Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The low-carbon copper market size has grown strongly in recent years. It will grow from $72.22 billion in 2023 to $78.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expanded electrical grids, increased per capita consumption of copper, demand from the aerospace and aviation industry, increased focus on emissions reduction, growth of consumer awareness and demand.

The low-carbon copper market size is expected to see strong growth in the next few years. It will grow to $108.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing demand for copper in energy transition technologies, growing demand for electric vehicles, growing construction sector, investor pressure and ESG considerations, increasing demand for consumer goods. Major trends in the forecast period include technological advancements, integration of renewable energy, emergence of new business models, adoption of 3D printing technology, collaborations.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/low-carbon-copper-global-market-report

Market Drivers and Trends:
The increasing adoption of electric vehicles is expected to propel the growth of the low-carbon copper market going forward. An electric vehicle (EV) refers to a vehicle that is powered by one or more electric motors and runs on electrical energy stored in rechargeable batteries or other energy storage devices. The increasing adoption of electric vehicles is due to several factors, including growing interest in sustainable transportation, environmental concerns, and the cost of ownership. Low-carbon copper significantly reduces the lifecycle emissions of electric vehicles, making them more attractive to consumers and more compliant with sustainability. For instance, in July 2023, according to the International Energy Agency, a France-based government agency, sales of electric cars surged in the initial quarter of 2023, with over 2.3 million units sold, marking a 25% uptick compared to the previous year. Projections indicate an estimated 14 million sales by the close of 2023, reflecting a 35% year-over-year surge. Therefore, an increasing adoption of electric vehicles is driving the growth of the low-carbon copper market.

Major companies operating in the low-carbon copper market are developing advanced solutions, such as green copper products, to drive revenues in the market. Green copper products refer to copper products that are produced using environmentally sustainable practices with a focus on reducing carbon emissions and promoting eco-friendly manufacturing processes. For instance, in March 2021, Boliden AB, a Sweden-based mining company, launched two green copper products, one sourced from recycled electronic scra*p and the other from reduced-emissions mining, to promote sustainability and reduce its carbon footprint. The new products have carbon dioxide (CO2) emissions that are less than half the average of traditionally mined copper, making them a significant step towards reducing the carbon footprint in the copper industry. These products help reduce customers' carbon footprints while providing sustainable products independent of fossil fuels. This is particularly valuable for industries reliant on sulfuric acid, such as the global fertilizer and wood-based product industries.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15213&type=smp

Major Key Players of the Market:
Trafigura Group Pte Ltd., Jiangxi Copper Corporation, BHP Group, Rio Tinto Plc, Vale S.A., Zijin Mining Group Co. Ltd., Glencore Plc, Freeport-McMoRan Inc., Codelco, Aurubis AG, Mitsubishi Materials Corporation, Teck Resources Limited, Newmont Corporation, Sumitomo Metal Mining Co. Ltd., KGHM Polska Miedz S.A., Antofagasta Plc, Boliden Group, Taseko Mines Ltd., Luvata Company Ltd, Elcowire Group, Fedral Metal Co., ASM Metal Recycling Ltd., Romco, Midwest PGM Recycling Center, Pan Pacific Copper Co. Ltd.

Low-Carbon Copper Market 2024 Key Insights:
• The low-carbon copper market size is expected to see strong growth in the next few years. It will grow to $108.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Electric Vehicle Adoption Fuels Growth In The Low-Carbon Copper Market
• Increasing Focus On Advanced Products In The Low-Carbon Copper Market
• Asia-Pacific was the largest region in the low-carbon copper market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15213&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.