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Report
North America Copper Market Report and Forecast 2024-2032
Market Report I 2024-01-30 I 138 Pages I EMR Inc.
North America Copper Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America copper market attained a volume of nearly 2043.01 KMT in 2023. Aided by the increasing demand in the construction and electrical sectors, as well as the surge in green energy initiatives, the market is projected to further grow at a CAGR of 2.40% between 2024 and 2032 to reach a value of around 2350.83 KMT by 2032.
Copper, a malleable and ductile metal, is known for its superior conductivity and is extensively employed in a plethora of applications such as electrical wiring, plumbing, and industrial machinery, to name a few. Its anti-corrosive properties and efficiency in energy transmission are unmatched, making it a coveted material in various industries. Additionally, in the era of sustainable energy, copper stands out as a crucial component in renewable energy systems, especially solar and wind energy infrastructures.
The escalating demand from the construction sector stands out as a dominant factor propelling the North America copper market growth. The real estate boom, coupled with urbanisation trends, has amplified the need for robust infrastructure, thus surging the consumption of copper in plumbing, roofing, and cladding. Moreover, with North America being a technological hub, the expansion of the electronics and telecommunication sector has directly translated into increased copper demand, given its unparalleled electrical conductivity.
Another driving force in the North America copper market demand is the pronounced shift towards green energy solutions. With the US and Canada investing heavily in renewable energy infrastructure, copper's role in these projects, particularly in wind turbines and solar panels, cannot be underestimated. Its efficiency in energy transfer significantly reduces wastage, making it a preferred material for sustainable energy technologies.
Furthermore, the automotive sector's gradual transition to electric vehicles (EVs) in North America offers an optimistic outlook for the copper market. Electric vehicles, compared to their conventional counterparts, use a more substantial amount of copper, predominantly in their batteries and motors. As governments are pushing for more eco-friendly transportation solutions and setting ambitious EV goals, the subsequent rise in production and adoption of EVs will invariably drive the demand for copper.
Apart from the above applications, technological advancements have also unlocked a myriad of innovative uses for copper, which in turn has posed a positive impact on the North America copper market outlook. In the medical field, for instance, due to its antibacterial properties, copper is being increasingly incorporated in hospital infrastructures, from bed rails to doorknobs, to combat healthcare-associated infections. Additionally, its use in smart home technologies and Internet of Things (IoT) devices has also witnessed an uptick.
Market Segmentation
The market can be divided based on grade, form, end use, and country.
Market Breakup by Grade
- Pure Coppers
- Oxygen-free Coppers
- Electrolytic Coppers
- Free-Machining Coppers
Market Breakup by Form
- Wire Rods
- Plates
- Sheet and Strips
- Tube
- Bars and Sections
- Others
Market Breakup by End Use
- Building and Construction
- Electrical and Electronic
- Automotive and Heavy Equipment
- Consumer and General Products
- Industrial and Machinery Equipment
- Others
Market Breakup by Country
- United States
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America copper market. Some of the major players explored in the report by Expert Market Research are as follows:
- Electric Materials Company
- Mitsubishi Materials Corporation
- Rio Tinto Group
- Freeport-McMoRan Inc.
- Capstone Copper Corp.
- Concast Metal Products Company
- Montana Resources LLP
- Newmont Corporation
- KGHM Polska Miedz S.A.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Copper Market Overview
8.1 Key Industry Highlights
8.2 North America Copper Historical Market (2018-2023)
8.3 North America Copper Market Forecast (2024-2032)
9 North America Copper Market by Grade
9.1 Pure Coppers
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Oxygen-free Coppers
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Electrolytic Coppers
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Free-Machining Coppers
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 North America Copper Market by Form
10.1 Wire Rods
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Plates
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sheet and Strips
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Tube
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Bars and Sections
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Copper Market by End Use
11.1 Building and Construction
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Electrical and Electronic
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive and Heavy Equipment
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Consumer and General Products
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Industrial and Machinery Equipment
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 North America Copper Market by Country
12.1 United States
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Countries
14.2.1 By Value
14.2.2 By Volume
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Electric Materials Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Mitsubishi Materials Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Rio Tinto Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Freeport-McMoRan Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Capstone Copper Corp.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Concast Metal Products Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Montana Resources LLP
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Newmont Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 KGHM Polska Miedz S.A.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Copper Market: Key Industry Highlights, 2018 and 2032
2. North America Copper Historical Market: Breakup by Grade (USD Million), 2018-2023
3. North America Copper Market Forecast: Breakup by Grade (USD Million), 2024-2032
4. North America Copper Historical Market: Breakup by Form (USD Million), 2018-2023
5. North America Copper Market Forecast: Breakup by Form (USD Million), 2024-2032
6. North America Copper Historical Market: Breakup by End Use (USD Million), 2018-2023
7. North America Copper Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. North America Copper Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Copper Market Forecast: Breakup by Country (USD Million), 2024-2032
10. North America Copper Market Structure
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