NEW YORK, Sept. 8, 2023 /PRNewswire/ — The copper products market size is expected to grow by USD 59.34 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 5.36% during the forecast period, according to Technavio. Growing communication and electrical and electronics industries are notably driving the copper products market. However, factors such as fluctuations in copper prices may impede market growth. The market is segmented by Application (Building and construction, Electrical and electronic products, Industrial machinery, Transportation, and Others), Product (Copper wire, Copper pipes and tubes, Copper foil, Copper sheet, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the copper products market, including Aditya Birla Management Corp. Pvt. Ltd., Aurubis AG, Aviva Metals Inc., Baroda Extrusion Ltd., Bhagyanagar India Ltd., Gupta Metal Industries, Hindustan Copper Ltd., Indian Copper, Indigo Metalloys Pvt. Ltd., KGHM Polska Miedz SA, KME Germany GmbH, Kobe Steel Ltd., Liljedahl Group AB, Madhav Copper Ltd., Mehta Tubes LTD., Mitsubishi Materials Corp., Nexans SA, RAJSHREE METALS, Rio Tinto Ltd., and Shanghai Metal Corp. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.

Copper Products Market 2023-2027: Company Analysis

• Aditya Birla Management Corp. Pvt. Ltd. – The company offers copper products under the brand Hindalco. 

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Copper Products Market 2023-2027: Segmentation

• Application

The market share growth by the builders and construction segment is significant during the forecast period. Residential and commercial building structures use copper products such as copper wire for electrical wiring, owing to their high strength, efficiency, and performance. Additionally, the growing number of electrification activities in tunnels and bridges has increased the demand for copper products. Furthermore, factors such as the augmenting number of government initiatives, the rising number of residential projects in countries, and the focus on the development of public infrastructure will drive the growth of the global construction industry. Hence, such factors fuel the growth of the builders and construction segment of the copper products market during the forecast period.

• Other segments include products (copper wire, copper pipes and tubes, copper foil, copper sheet, and others)
• Geography 
  
  APAC will contribute 69% to the growth of the global market during the forecast period. The regional market growth can be attributed to factors such as industrialization, urbanization, infrastructure development, and the growing electrical and electronics sector. Furthermore, the region constitutes the world’s largest consumer and producer of copper. Factors like the growing population, expanding urbanization, and infrastructure development initiatives of the country give rise to the necessity of copper wire in construction projects, electrical wiring, power transmission, and telecommunication. Hence, such factors fuel the growth of the regional copper products market in APAC during the forecast period.
• Other regions include North America, Europe, South America, and the Middle East and Africa.
  
   

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View PDF Sample Report

Copper Products Market 2023-2027: Key Highlights

• Historic Market Size 2017-2021
• CAGR of the market during 2023-2027
• Detailed information on factors that will assist copper products market growth during the next five years
• Estimation of the composite rebar market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the copper products market
• Analysis of the competitive landscape and detailed information on companies
• Comprehensive details of factors that will impede the growth of copper products market companies

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The Copper Wire Market size is estimated to grow at a CAGR of 5.8% between 2022 and 2027 and the size of the market is forecast to increase by USD 44.9 billion. This report extensively covers market segmentation by application (electrical and electronics, building and construction, telecommunication, transportation, and others), type (low voltage, medium voltage, and high voltage), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The growing communication and electrical and electronics industries are a major driving factor for the growth of the global copper wire market during the forecast period.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

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Email: [email protected]

Website: www.technavio.com

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