Market Size of Copper Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Copper Market Analysis
During the time frame of the forecast, the copper market is expected to register a CAGR of more than 6%.
The COVID-19 pandemic resulted in lockdowns and shutdowns of industrial activities worldwide. Also, the mining of metals, including copper, slowed down in 2021. These factors negatively impacted the copper market.
- Increasing demand from the construction, electronics, and telecommunication industries is boosting the market's growth.
- On the other hand, strict rules about mining could make it harder for the market to grow.
- Still, the growing demand for electric vehicles is likely to soon give the global market a chance to grow in a good way.
- During the forecast period, Asia-Pacific is expected to grow the fastest. This is mostly because the electrical and electronics industries in India and ASEAN countries are growing.
