Jan 18, 2021   SOURCE: BusinessWire

Worldwide Copper Industry to 2025 - Asia-Pacific Region to Dominate the Market - ResearchAndMarkets.com

The "Copper Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for copper is expected to grow at a CAGR of more than 6% globally during the forecast period.

Companies Mentioned

  • Aurubis AG
  • BHP
  • Chinalco Shanghai Copper
  • Codelco
  • Glencore
  • Group Mexico
  • KGHM
  • Southern Copper Corporation
  • Xstrata Plc
  • Freeport-McMoRan Copper & Gold

Key Market Trends

Growing Demand for Electronical and Electronics Segment

Copper is the third-most-consumed metal in the world and is also known as a highly electrically conductive material. The electronics segment has a strong relationship with copper and copper is being used for many applications because of its properties.

  • Properties of copper include good electrical conductivity, excellent thermal conductivity, corrosion resistance, high ductile, recyclability, and non-magnetic nature.
  • Electronic applications of copper are wires and cables, dynamos, transformers, motors, electromagnets, switches, communication cables, residential electrical circuits, etc.
  • Recently, the growth of electrical vehicles has increased the demand for copper. Foils, stator, rotor, shaft head, hollow wires, and motors are being used in electrical vehicles that consist of heavy copper.
  • Many companies have shifted to copper by replacing aluminum in producing robots internal parts, high-speed computers, home appliances, and telecommunication applications. The growth of these segments in developing economies has increased the demand for copper in recent times.
  • But, the impact of COVID-19 resulted in lockdown in industrial activities across the globe. Due to this, the production of electronics has been stopped temporarily in many countries. Also, the mining of metals, including copper has slowed down in 2020. These reasons are expected to decrease the demand for copper in short term.

Asia-Pacific Region to Dominate the Market

Asia-Pacific is expected to dominate the global market owing to the highly developed construction and power generation sectors in China, coupled with the continuous investments done in the region to advancements in the telecommunication, electronics sector through the years.

  • China, Japan, and South Korea have been investing a lot in the technology development processes such as robots, supercomputers, high power generation units, electric vehicles, and communication devices.
  • China is one of the largest consumers of electricity. In March 2019, the National Development and Reform Commission (NDRC) of China approved 224 solar and wind energy projects to deliver a total combined capacity of 19.29 GW, as well as a further 1.47 GW of renewable distributed energy resources (DER) trading pilot programs.
  • The demand for copper is high from Asia-Pacific as countries such as China, Vietnam and Korea possess a large base of production units that includes home appliances and mobiles, which are also largely exported to other regions.
  • However, the recent COVID-19 pandemic, which originated in China, has tremendously impacted the Chinese economy with trade disruptions. China, one of the largest exporters of goods, has witnessed a massive decline in trade, due to lockdowns in various parts of the world. The decline in investments is likely to restrain the growth of the market until 2021.
  • Post-2021, the market is likely to grow for the rest of the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from Electronics and Construction Industry

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Impact of COVID-19

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 End-user Industry

5.1.1 Automotive and Heavy Equipment

5.1.2 Construction

5.1.3 Electrical and Electronics

5.1.4 Industrial

5.1.5 Other End-user Industries

5.2 Geography

5.2.1 Asia-Pacific

5.2.1.1 China

5.2.1.2 India

5.2.1.3 Japan

5.2.1.4 South Korea

5.2.1.5 Australia

5.2.1.6 Rest of Asia-Pacific

5.2.2 North America

5.2.2.1 United States

5.2.2.2 Canada

5.2.2.3 Mexico

5.2.3 Europe

5.2.3.1 Germany

5.2.3.2 United Kingdom

5.2.3.3 France

5.2.3.4 Italy

5.2.3.5 Rest of Europe

5.2.4 South America

5.2.4.1 Brazil

5.2.4.2 Argentina

5.2.4.3 Rest of South America

5.2.5 Middle-East and Africa

5.2.5.1 South Africa

5.2.5.2 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Market Share (%)/Ranking Analysis**

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing Demand from Electric Vehicles

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/xajvb5