Global Copper Products Market is valued approximately at USD 259.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 1.81 % over the forecast period 2021-2027. Governments from various countries around the world have temporarily shut down the production and supply chain of various industries and organizations as well have asked people to stay at home due to COVID-19 pandemic. Thus, Copper-based product manufacturing companies are facing challenges to survive in the market. The copper products that are used in various industries including industrial machinery, transportation, wire & cable, architecture, building construction, electrical & electronic devices, and others due to its due to its electrical and thermal conductivity. The rapid urbanization and industrialization in emerging economies and growth in electronics & electrical industry are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key player will create a lucrative demand for this market. For instance: as per Company’s news release in April 2019, Wieland Group and Global Brass and Copper signed a Merger Agreement, in which Wieland Group acquired Global Brass and Copper. This agreement will allow increase the manufacture, distribute over 90 facilities and about 9000 employees serving the wide variety of industries in North America, Asia, and Europe. However, high competition from substitute materials, namely, PVC, aluminum, and others are the major factors restraining the growth of global Copper Products market during the forecast period.
The regional analysis of global Copper Products market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Wieland Copper Products, LLC
Gulf Copper and Manufacturing Corporation
First Quantum Ltd.
E&M Copper Products
Premier Copper Products
Hailiang Group Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Corrosion Resistance Part
Electrical Conductivity Part
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Copper Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers