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NEW YORK , Sept. 19, 2022 /PRNewswire/ -- The copper market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The market is consolidated, with the presence of a few vendors. These players have a vast geographical presence, with large production facilities. They are also creating new capacities to ensure smooth and easy access to fast-growing markets such as China , India , and other Southeast Asian countries. The competition among vendors is based on factors such as innovation, product quality, price, and operational cost.
The copper market size is expected to grow by 5013.06 th tons between 2021 and 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 3.26% during the forecast period, according to Technavio's latest market estimates.
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To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Backed with competitive intelligence and benchmarking, our research reports on the copper market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Some of the major vendors of the copper market include ABC Gas International Ltd., Aditya Birla Management Corp. Pvt. Ltd., Antofagasta Plc, Aurubis AG, Baroda Extrusion Ltd., Bhagyanagar India Ltd., BHP Group plc, Corporacion Nacional del Cobre de Chile , First Quantum Minerals Ltd., Freeport McMoRan Inc., Glencore Plc, Hindustan Copper Ltd., KGHM Polska Miedz SA, Madhav Copper Ltd., Rio Tinto Ltd., Southern Copper Corp., Vale SA, and Vedanta Ltd.
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Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
The electrical and electronics segment will be the largest contributor to market growth during the forecast period. Electrical and electronics applications such as terminals and connectors, springs for relay contacts and switchgear, bush bars, IC circuits, rotor bars, commutators, armatures, spot welding electrodes, seam welding wheels, and heavy electrical switchgear use copper alloys. Therefore, a rise in the manufacturing of electrical and electronics products is expected to fuel the demand for copper during the forecast period.
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Accelerate at a CAGR of 3.26%
APAC, North America, Europe, South America, and Middle East and Africa
US, Canada, China, Japan, India, and Germany
Leading companies, competitive strategies, consumer engagement scope
ABC Gas International Ltd., Aditya Birla Management Corp. Pvt. Ltd., Antofagasta Plc, Aurubis AG, Baroda Extrusion Ltd., Bhagyanagar India Ltd., BHP Group plc, Corporacion Nacional del Cobre de Chile, First Quantum Minerals Ltd., Freeport McMoRan Inc., Glencore Plc, Hindustan Copper Ltd., KGHM Polska Miedz SA, Madhav Copper Ltd., Rio Tinto Ltd., Southern Copper Corp., Vale SA, and Vedanta Ltd.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID -19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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