Global Copper Market 2018-2022| Superior Properties of Copper to Boost Demand| Technavio

Technavio has released a new market research report on the global copper market for the period 2018-2022. (Graphic: Business Wire)

LONDON--()--Technavio analysts forecast the global copper market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.

The increasing demand for EVs and hybrid vehicles is one of the major trends being witnessed in the global copper market 2018-2022. EVs and hybrid vehicles use twice as much copper, in the form of copper pipes and tubes, as compared to conventional vehicles. Thus, the increase in the sale of EVs and hybrid vehicles contribute to a corresponding increase in the sale of copper, in turn, boosting the growth of the global copper market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the global copper market is the superior properties of copper

Global copper market: Superior properties of copper

Copper is characterized by high tensile strength, corrosion resistance, ductility, high heat transfer capability, machinability as well as higher thermal conductivity than other metals. In comparison to other metals such as aluminum and iron, copper requires minimal maintenance, has a longer life expectancy, and can withstand fluid pressures in large air conditioning systems. The following properties of copper drive its extensive use across multiple end-user segments:

According to a senior analyst at Technavio for research on metals and minerals, “Copper was among the most consumed metal in APAC in 2017. China is one of the leading consumers of copper owing to factors such as the increasing demand for EV, infrastructural growth, rising consumer goods, and increasing smart technology, which, in turn, is boosting the growth of the global copper market.”

Global copper market: Segmentation analysis

The global copper market research report provides market segmentation by application (electricals and electronics, construction, telecommunication, and transportation), by type (primary copper and secondary copper) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC held the largest share of the market in 2017, accounting for about 68% share, followed by EMEA and the Americas respectively. The APAC region is likely to continue dominating the market with the highest incremental growth during the forecast period.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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 10,000 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.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Technavio analysts forecast the global copper market to grow at a CAGR of over 3% during the forecast period, 2018-2022.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com