Copper & Copper Alloy Market Research Report: Information by Product Type (Copper Foil, Brass Foil, Bronze Foil, Copper Nickel Foil and Others), Application (Construction, Electrical & Electronics, Industrial Machinery, Consumer Goods and Others) and Region (North America, Asia-Pacific, Europe, Latin America and Middle East & Africa) - Forecast till 2030

Copper & Copper Alloy Market Overview

The copper and copper alloy market size is likely to attain a good growth CAGR that accounts for 6.2% for the forecast period of 2021-2028.

Copper and its allow can be recognized as flat-rolled sheets that are obtained through several techniques. These include rolling, electrolysis, hammering, and much more. They have exclusive properties and have a thickness that varies from 0.025 mm to 5 mm. It depends on the end-use application of copper and its alloys. Several industries are dependent on copper and its alloys for a series of production and manufacturing use. These include consumer goods, the transport sector, industrial machinery, and others.

COVID 19 Analysis

Before the lockdown and pandemic hit the assembling, production, and manufacturing businesses, the returns for the copper and copper alloy market size were good and acquiring a great deal of energy. After the primary lockdown wave that occurred during the first quarter of 2020, there was a disbalance in the global market that led to unavailability of the market products resulting in hampering the supply and demand chain mechanism of the market operations in various parts of the globe. The flare-up of the COVID 19 worldwide pandemic is additionally having a major impact on the worldwide FDI inflows in general. The pandemic has been the worst on hotel chains, aircraft, imports and exports, logistics, food and chemical industries, and many others.

The Covid 19 pandemic has both short-term and long-term impacts that are leading to the emergency of the business chain, particularly available channels to function and return to normalcy. For voluminous esteem productions and effective costs of the market, there is a dire need to create innovative products at affordable market rates. The global markets are entering into collaborations with governments to enhance their production capability by increasing the investments, expanding the research and development departments, and further, launching new product portfolios and lanes at the international scale for an elaborated audience and presence.

Competitive Landscape

Mergers, acquisitions, joint ventures, mergers, collaborations, etc. are on the way along with new product launches and innovation on a global market scale. The rising market competition is an attribution of the developments undertaken by the understated market players:

• Amari Copper Metals


• KME Germany GmbH & Co KG, Nexans


• JX Nippon Mining & Metals Corporations


• Carl Schlenk AG


• Global Brass and Copper Holdings, Inc.


• LAMINERIES MATTHEY


• Arcotech Ltd., Civen Metal Material Co., Ltd

Market Dynamics

Drivers

Some properties of copper include that it is good electrical conductivity, has excellent thermal conductivity, resistant to corrosion, is highly ductile, recyclable, and has a non-magnetic nature. The electronic applications of copper include wires and cables, dynamos, residential electrical circuits, transformers, electromagnets, switches, motors, communication cables, and much more. The growth of electric vehicles is increasing the demand for the copper and copper alloy market size. Products like foils, stators, rotors, shaft heads, hollow wires, and others like motors are being put to use in electric vehicles with heavy copper.

Restraints

However, since the advent of the coronavirus disease, the lockdown was imposed that has hampered industrial activities across the globe. Because of this, the production of electronics is at a halt in many countries at the global market premises. The mining of metals including copper has slowed down since 2020. These factors are likely to hamper the demand for copper and copper alloys’ market value. The effects are likely to be felt in the forecast period of 2021-2028, as well. But the rising research and development activities might enhance the market chances of growth. 

Technology Analysis

Copper is known to be the third-most-consumed metal in the world premises and is also recognized as a highly electrically conductive element. The electronics segment of the market has a strong relationship with copper and it is being employed for many applications owing to its reliable properties.

Many companies at the global level have shifted to the use of copper by replacing it with aluminum in producing products like robots’ internal parts, high-speed computers, home, and commercial appliances, along with telecommunication applications. The growth of these segments is the maximum in the developing economies that has increased the demand for copper, especially during the forecast period.

Study Objectives

• The global market report helps in understanding the potential of the market that was restrained due to the lockdown and other external forces that were imposed because of the arrival of the coronavirus pandemic. The report further discusses the market dynamics available like the drivers and restraints that might impact the production and demand and supply of the market during the forecast period.


• The report also aims to witness the increasing copper and copper alloy market share that is a result of the excellent performance of the market segments and their rising ability to meet the needs of the target audience at a global level.


• The market report also helps in having a firm understanding of the rising market competition based on the functioning key market players in various regions followed by the recent developments that have been taken in the name of growth and expansion for the market in the forecast period of 2021-2028.

Segment Overview

The copper and copper alloy market trends predict that the market has a fortunate future during the ongoing forecast period of 2021-2028. The rising demand of the distributed target audience in various global locations is giving rise to the market segmentation on the following basis:

Based on product type

The global copper and copper alloy market has been segmented based on the product type and includes copper foil, brass foil, bronze foil, and others like copper-nickel foil.

Based on application

The global copper and copper alloy market is segmented based on the market applications and includes construction, electrical & electronics, industrial machinery, consumer goods, amongst others.

Based on the global regions

The global copper and copper alloy market id=s functional in North America, Latin America, European countries, Asia Pacific, along with the Middle East and Africa.

Global Copper & Copper Alloy Market Share, by Application, 2018 (%)  

Source: MRFR Analysis

Regional Analysis

The Asia-Pacific region is the largest market emerging for the growth of the copper & copper alloy size due to increased demand in the construction sector in the region. This is coupled with the rising awareness amongst the consumers towards the use of portable electronics followed by increasing demand across the APAC region. The developing countries of the region like China, India, Japan, South Korea, amongst the other South-East Asian countries are rising their investment towards construction activities. This is likely to fuel the demand for the copper & copper alloy market and lead to its global expansion during the forecast period ending in 2028. Also, the growing demand for portable electronics is coupling with the rising consumption patterns among consumers.

Recent Developments

December 2021 - Reliance Steel & Aluminum Co. disclosed the acquisition of a custom manufacturer of fabricated parts, specialty extruded metals, and welded components, Nu-Tech Precision Metals Inc. Ontario-based Nu-Tech, founded in 1985, serves a broad range of markets across the North American region, including the military, aerospace, and nuclear markets, among others. The broad product portfolio of Nu-Tech includes engineered shapes, round and flat bar, pipe, and tube made from pure metals and alloys of steel, niobium, hafnium, nickel, copper, zirconium, and titanium.

July 2021- Sintavia, LLC, announced the development of patented Additive Manufacturing technology for GRCop-42, the ideal copper alloy used by NASA and other private space flight companies to build rocket thrust chamber assemblies. The latest technology that is a blend of an exclusive parameter set and post-processing heat treatment was discovered on an EOS GmbH M400-4 AM machine and concluded in GRCop-42 components with the least density of over 99.94%, a minimum elongation of 32.4%, minimum ultimate yield strength of 52.7 ksi, and a minimum tensile strength of 28.3 ksi.

The electronics market industry is gaining a lot of momentum in the global premises and especially amongst millennials that use a considerable amount of copper and its alloys while manufacturing and production. During the historic forecast period that ended in 2019, the market witnessed a 4.3% market growth, and the trends suggest a similar boost for the market during the ongoing review period of 2021-2028.

The growth of the automotive industry that is also recognized for its use of copper and its alloys is parallel to the reducing crude oil prices. The demand for foils in Printed Circuit Boards (PCBs) and lithium-ion batteries is likely to present a major boost to the market and grow at an excellent scale during the forecast period.

The North American market is likely to attain dependable growth during the forecast period as there is a huge availability of modern and sturdy infrastructure that has positive attributes in store for regional growth. The construction industry is growing that is one of the primary applicants of copper and its alloys, and hence, growth is guaranteed.

Intended Audience

• Copper & copper alloy producers and manufacturers


• Traders, suppliers, retailers, and distributors of copper & copper alloy


• Research-based firms and development institutes


• Potential market buyers and investors


• Raw material suppliers for the production of copper and alloys


• National laboratories

Report Overview

The report aims to have an in-depth analysis of the functioning of the copper and copper alloy Industry and further, have an idea about whether the growing market trends will help the market grow as per the predictions by the experts and leaders or not. The market report highlights the opportunities that will help the market but some challenges that might restrain the market from growing.

Also, the report talks about the rising market competition that will help in adding innovative products and better consumption choices to the target audience.

Report Scope:

Report Attribute/Metric	Details
Market Size	2030: Significant value
CAGR	6.2%(2022–2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product Type, Application and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Amari Copper Metals, Global Brass and Copper Holdings, Inc., Arcotech Ltd., Civen Metal Material Co., Ltd, JX Nippon Mining & Metals Corporations, Carl Schlenk AG, LAMINERIES MATTHEY, KME Germany GmbH & Co KG, Nexans, and Diehl Stiftung & Co. KG.
Key Market Opportunities	Increasing demand from the construction and electrical & electronics industries.
Key Market Drivers	The rapid growth of the electronics industry

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