Strong Growth Ahead: Low-Carbon Copper Market Size To Grow At Arecord 8.5% Cagr By 2029

The Low-Carbon Copper Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Low-Carbon Copper Market Size and Projected Growth Rate?
In the past few years, there has been a strong growth in the size of the low-carbon copper market. From a valuation of $78.07 billion in 2024, it is projected to escalate to $84.98 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.9%. The remarkable growth during the historical period can be traced back to several factors such as the expansion of electrical grids, a surge in per capita consumption of copper, demands from the aerospace and aviation sector, an intensified emphasis on reducing emissions, and the rise in consumer awareness and demand.

In the coming years, the low-carbon copper market is set to witness robust growth, reaching an estimated value of $117.88 billion by 2029 with a compound annual growth rate (CAGR) of 8.5%. The growth during the forecasted period can be linked to the increased copper demand in energy transition technologies, the rising demand for electric vehicles, expansion in the construction sector, investor influence, and environmental, social, and governance (ESG) factors. Future trends projected within this period include technological evolution, the incorporation of renewable energy, the emergence of innovative business models, the application of 3D printing technology, and partnerships.

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What Are the Major Segments in the Low-Carbon Copper Market?
The low-carbon copper market covered in this report is segmented -

1) By Product Type: Wires, Plates, Sheets And Strips, Tubes, Bars And Sections, Other Product Types
2) By Technology: Electrowinning, Electrolytic
3) By Source: Recycled Copper, Virgin Copper
4) By End-User: Power Generation and Distribution, Building and Construction, Consumer Electronics, Automotive, Other End-Use Applications

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What Are The Driving Low-Carbon Copper Market Evolution?
The escalating use of electric vehicles is projected to drive the expansion of the low-carbon copper market. An electric vehicle (EV) is defined as a vehicle powered by one or several electric motors, utilizing electrical energy stored in rechargeable batteries or other storage devices. The rise in electric vehicles usage can be attributed to factors such as heightened interest in eco-friendly transportation, environmental issues, and ownership costs. Low-carbon copper considerably diminishes the lifecycle emissions of electric vehicles, thereby making them more appealing to consumers and aligning them more with sustainability. For example, data from the International Energy Agency, a government agency based in France, reveals that in July 2023, there was a surge in electric car sales in the first quarter of 2023 with over 2.3 million units being sold - a 25% increase from the previous year. Forecasts suggest an anticipated 14 million sales in total by 2023 end, symbolizing a 35% annual growth. Therefore, the continued increase in the adoption of electric vehicles is fuelling the expansion of the low-carbon copper market.

Which Firms Dominate The Low-Carbon Copper Market Segments?
Major companies operating in the low-carbon copper market report are 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.

What Are the Major Trends Shaping the Low-Carbon Copper Market?
Firms that are significant players in the low-carbon copper market are working on sophisticated technologies such as low-carbon footprint copper items to boost their market earnings. These products are manufactured with significantly reduced levels of CO2 emissions during production. Montanwerke Brixlegg AG, an Austrian copper processor company, launched a novel line of low-carbon copper in March 2022, establishing itself as a high-end supplier in the market. The carbon footprint of this copper production is merely 0.739 tonnes of CO2 per tonne of copper, way less than the global median of 4.1 tonnes. This accomplishment is due to effective production methods that capitalize on renewable energy sources and recycled materials. The copper is entirely produced from recycled metal, thereby lowering the ecological consequences of conventional mining and refining methods. The firm utilizes hydropower for its energy demands, lowering emissions even further and warranting a sustainable production process.

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Which Is The Largest Region In The Low-Carbon Copper Market?
Asia-Pacific was the largest region in the low-carbon copper market in 2024. The regions covered in the low-carbon copper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Low-Carbon Copper Market?
2. What is the CAGR expected in the Low-Carbon Copper Market?
3. What Are the Key Innovations Transforming the Low-Carbon Copper Industry?
4. Which Region Is Leading the Low-Carbon Copper Market?

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