Contact Us
Copper Global Market Report 2025
Global Copper Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

Purchase This Report
Purchase This Report

Copper Global Market Report 2025

By Type (Refining Industry, Metal Processing Industry, Chemical Industry, and Other Types), By Mining Type (Underground Mining, Surface Mining) – Impact Of Tariff And Trade War On Market Size, Growth, Trends, And Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Copper Market Overview

• Copper market size has reached to $105.6 billion in 2024

• Expected to grow to $166.46 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%

• Growth Driver: The Impact Of Rapid Urbanization On The Copper Market

• Market Trend: Revolutionizing Copper Circularity Through Strategic Partnership

Asia-Pacific was the largest region in 2024.

What Is Covered Under Copper Market?

Copper is a chemical element with the symbol Cu and atomic number 29. Copper is widely used in electrical equipment such as wiring, motors, and electrical cables due to its excellent conductivity properties.

The main types of copper ore mining are for the refining industry, the metal processing industry, the chemical industry, and other types. The refining industry refers to an industry that produces and delivers oil and oil products. The mining types include underground mining, and surface mining.

Copper Market 2025 - 2034

What Is The Copper Market Size 2025 And Growth Rate?

The copper market size has grown strongly in recent years. It will grow from $105.6 billion in 2024 to $114.09 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to electrical and electronics industry, construction sector, industrial machinery manufacturing, automotive manufacturing, infrastructure development.

What Is The Copper Market Growth Forecast?

The copper market size is expected to see strong growth in the next few years. It will grow to $166.46 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to renewable energy transition, electric vehicles (EVs) demand, urbanization and construction growth, 5G network expansion, global economic recovery. Major trends in the forecast period include copper in antimicrobial applications, supply chain resilience and diversification, copper recycling initiatives, copper alloy innovations, copper price volatility and market speculation.

The forecast of 9.9% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariff pressures on copper ore and refined copper imports can drive up costs in electric vehicle (EV) and construction wiring supply chains. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

Customer representative image Book your 30 minutes free consultation with our research experts

What’s The Trade War Impact On Mining Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the mining sector, particularly in equipment procurement, export activity, and supply chain continuity. Higher duties on imported heavy machinery, drilling equipment, and specialized components have raised capital and operational costs for mining firms, delaying new project launches and limiting production efficiency. At the same time, retaliatory tariffs imposed by key trade partners have reduced export demand for U.S.-mined resources—especially critical minerals like lithium, copper, and rare earth elements—exacerbating revenue pressures. These dynamics are particularly challenging for mid-sized and specialty mining operators reliant on international markets. In response, the sector is increasingly investing in domestic equipment manufacturing partnerships, expanding recycling initiatives for strategic minerals, and advocating for trade exemptions to restore global competitiveness while ensuring long-term resource security.

How Is The Copper Market Segmented?

1) By Type: Refining Industry, Metal Processing Industry, Chemical Industry, And Other Types

2) By Mining Type: Underground Mining, Surface Mining

Subsegments:

1) By Refining Industry: Primary Copper Refining, Secondary Copper Refining (Recycling)

2) By Metal Processing Industry: Copper Casting, Copper Rolling And Extrusion, Copper Forging, Copper Drawing

3) By Chemical Industry: Copper Sulfate Production, Copper Chloride Production, Copper Oxide Production

4) By Other Types: Electrical Industry (Cables, Wires), Construction Industry (Copper-Based Alloys, Pipes, Fittings), Automotive Industry (Copper Components), Renewable Energy (Solar Panels, Wind Turbines)

What Is Driving The Copper Market? The Impact Of Rapid Urbanization On The Copper Market

The growth in the copper market is due to increasing construction projects in rapidly developing countries such as China and India owing to the rising population and infrastructure. Population refers to the whole number of people or inhabitants in a country or region. Copper minerals and ores are found in both igneous and sedimentary rocks. For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718. Therefore, the rising population is driving the growth of the copper industry.

What Is Driving The Copper Market? Copper Market Surge Driven By The Soaring Popularity Of Electric Vehicles

The rising popularity of electric vehicles is expected to propel the growth of the copper market going forward. Electric vehicles (EVs) are vehicles that use one or more electric motors for propulsion, relying on electricity as their primary source of power. Copper is used in electric vehicles for enhanced performance, efficiency, sustainability, efficient energy storage, charging infrastructure, durability and reliability, weight reduction, and minimal energy loss during the transmission of electric power within the vehicle. For instance, in March 2024, according to the Electrical Vehicle Council, an Australia-based national body representing the electric vehicle industry, reported that 98,436 new EVs were sold in 2023. This marked a more than twofold increase in EV purchases compared to 2022, bringing the total number of electric vehicles on Australian roads to over 180,000. Therefore, the rising popularity of electric vehicles is driving the growth of the copper industry.

Who Are The Major Players In The Global Copper Market?

Major companies operating in the copper market include Glencore plc, BHP Billiton, Rio Tinto Group, Vale S.A., Zijin Mining Group Co. Ltd., Tongling Nonferrous Metals Group Co. Ltd., Freeport-McMoRan Inc., Codelco, Norilsk Nickel, Grupo México, Teck Resources Ltd., Southern Copper Corporation, First Quantum Minerals Ltd., Antofagasta plc, Jiangxi Copper Co. Ltd., Lundin Mining Corporation, Kaz Minerals PLC, Hudbay Minerals Inc., Capstone Copper Corp., KGHM Polska Miedz S.A., Ero Copper Corp., Copper Mountain Mining Corporation, Sumitomo Metal Mining Co. Ltd., Boliden AB

What Are The Key Trends Of The Global Copper Market? Revolutionizing Copper circularity Through Strategic Partnership

Major companies operating in the copper market are adopting a strategic partnership approach to enhance technology integration and expand market reach. A strategic partnership typically refers to a collaborative relationship between two or more organizations where they combine their resources, expertise, and efforts to achieve common goals or objectives. For instance, In October 2024, Schneider Electric, a France-based energy management and automation company, partnered with Glencore plc, a Switzerland based commodity trading and mining company to transform its copper supply chain and advance decarbonization efforts. Through this partnership, Schneider directly sources responsibly obtained, recyclable copper from Glencore and distributes IT to its European factories. This collaboration also enables Glencore to adopt sustainable procurement practices for low-carbon capital equipment, aligning with Schneider’s Zero Carbon Project. Furthermore, Schneider supports Glencore with enhanced energy reporting systems, which include fuel-switching options and energy efficiency improvements.

What Are The Key Trends Of The Global Copper Market? Sustainable Innovation In The Copper Market By Revolutionizing Building Solutions With Recycled Copper Tubes

Major companies operating in the copper market are developing new products such as recycled copper tubes to gain a competitive edge in the market. Recycled copper tubes refer to copper tubing that has been reclaimed and repurposed from post-industrial sources rather than being produced from newly mined copper ore. For instance, in March 2023, Wieland-Werke AG a Germany-based company that specializes in the production of semi-finished copper and copper alloy products launched cuprolife. Cuprolife is made with a mass balance technique and is intended to be a sustainable option for the building sector. The tubes are flexible and simple to install, and they are constructed entirely of pure copper Cu-DHP. Cuprolife tubes can be used in a variety of applications, such as solar systems, heating, gas, liquid gas, heating oil/biofuel oil B10, and household hot and cold-water delivery. This modern invention aims to lessen the negative effects of copper manufacturing on the environment and promote sustainability.

Need data on a specific region in this market?

Regional Outlook For The Global Copper Market

Asia-Pacific was the largest region in the copper market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Copper Market?

The copper market includes revenues earned by entities by building construction, transportation, electronics and consumer goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Copper Industry?

The copper market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the copper industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Copper Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $114.09 billion
Revenue Forecast In 2034 $166.46 billion
Growth Rate CAGR of 9.9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Type: Refining Industry, Metal Processing Industry, Chemical Industry, And Other Types
2) By Mining Type: Underground Mining, Surface Mining Subsegments: 1) By Refining Industry: Primary Copper Refining, Secondary Copper Refining (Recycling)
2) By Metal Processing Industry: Copper Casting, Copper Rolling And Extrusion, Copper Forging, Copper Drawing
3) By Chemical Industry: Copper Sulfate Production, Copper Chloride Production, Copper Oxide Production
4) By Other Types: Electrical Industry (Cables, Wires), Construction Industry (Copper-Based Alloys, Pipes, Fittings), Automotive Industry (Copper Components), Renewable Energy (Solar Panels, Wind Turbines)
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Glencore plc, BHP Billiton, Rio Tinto Group, Vale S.A., Zijin Mining Group Co. Ltd., Tongling Nonferrous Metals Group Co. Ltd., Freeport-McMoRan Inc., Codelco, Norilsk Nickel, Grupo México, Teck Resources Ltd., Southern Copper Corporation, First Quantum Minerals Ltd., Antofagasta plc, Jiangxi Copper Co. Ltd., Lundin Mining Corporation, Kaz Minerals PLC, Hudbay Minerals Inc., Capstone Copper Corp., KGHM Polska Miedz S.A., Ero Copper Corp., Copper Mountain Mining Corporation, Sumitomo Metal Mining Co. Ltd., Boliden AB
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

2. Copper Market Characteristics

3. Copper Market Trends And Strategies

4. Copper Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Copper Growth Analysis And Strategic Analysis Framework

5.1. Global Copper PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Copper Market Growth Rate Analysis

5.4. Global Copper Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Copper Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Copper Total Addressable Market (TAM)

6. Copper Market Segmentation

6.1. Global Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Refining Industry

Metal Processing Industry

Chemical Industry

Other Types

6.2. Global Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Underground Mining

Surface Mining

6.3. Global Copper Market, Sub-Segmentation Of Refining Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Primary Copper Refining

Secondary Copper Refining (Recycling)

6.4. Global Copper Market, Sub-Segmentation Of Metal Processing Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Copper Casting

Copper Rolling And Extrusion

Copper Forging

Copper Drawing

6.5. Global Copper Market, Sub-Segmentation Of Chemical Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Copper Sulfate Production

Copper Chloride Production

Copper Oxide Production

6.6. Global Copper Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electrical Industry (Cables, Wires)

Construction Industry (Copper-Based Alloys, Pipes, Fittings)

Automotive Industry (Copper Components)

Renewable Energy (Solar Panels, Wind Turbines)

7. Copper Market Regional And Country Analysis

7.1. Global Copper Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Copper Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Copper Market

8.1. Asia-Pacific Copper Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Copper Market

9.1. China Copper Market Overview

9.2. China Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Copper Market

10.1. India Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Copper Market

11.1. Japan Copper Market Overview

11.2. Japan Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Copper Market

12.1. Australia Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Copper Market

13.1. Indonesia Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Copper Market

14.1. South Korea Copper Market Overview

14.2. South Korea Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Copper Market

15.1. Western Europe Copper Market Overview

15.2. Western Europe Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Copper Market

16.1. UK Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Copper Market

17.1. Germany Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Copper Market

18.1. France Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Copper Market

19.1. Italy Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Copper Market

20.1. Spain Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Copper Market

21.1. Eastern Europe Copper Market Overview

21.2. Eastern Europe Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Copper Market

22.1. Russia Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Copper Market

23.1. North America Copper Market Overview

23.2. North America Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Copper Market

24.1. USA Copper Market Overview

24.2. USA Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Copper Market

25.1. Canada Copper Market Overview

25.2. Canada Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Copper Market

26.1. South America Copper Market Overview

26.2. South America Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Copper Market

27.1. Brazil Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Copper Market

28.1. Middle East Copper Market Overview

28.2. Middle East Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Copper Market

29.1. Africa Copper Market Overview

29.2. Africa Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Copper Market Competitive Landscape And Company Profiles

30.1. Copper Market Competitive Landscape

30.2. Copper Market Company Profiles

30.2.1. Glencore plc Overview, Products and Services, Strategy and Financial Analysis

30.2.2. BHP Billiton Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Rio Tinto Group Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Vale S.A. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Zijin Mining Group Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Copper Market Other Major And Innovative Companies

31.1. Tongling Nonferrous Metals Group Co. Ltd.

31.2. Freeport-McMoRan Inc.

31.3. Codelco

31.4. Norilsk Nickel

31.5. Grupo México

31.6. Teck Resources Ltd.

31.7. Southern Copper Corporation

31.8. First Quantum Minerals Ltd.

31.9. Antofagasta plc

31.10. Jiangxi Copper Co. Ltd.

31.11. Lundin Mining Corporation

31.12. Kaz Minerals PLC

31.13. Hudbay Minerals Inc.

31.14. Capstone Copper Corp.

31.15. KGHM Polska Miedz S.A.

32. Global Copper Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Copper Market

34. Recent Developments In The Copper Market

35. Copper Market High Potential Countries, Segments and Strategies

35.1 Copper Market In 2029 - Countries Offering Most New Opportunities

35.2 Copper Market In 2029 - Segments Offering Most New Opportunities

35.3 Copper Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Copper Market, Sub-Segmentation Of Refining Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Copper Market, Sub-Segmentation Of Metal Processing Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Copper Market, Sub-Segmentation Of Chemical Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Copper Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Copper Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Copper Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: China, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: India, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: India, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: Japan, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: Japan, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: Australia, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Australia, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Indonesia, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Indonesia, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: South Korea, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: South Korea, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Western Europe, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Western Europe, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: UK, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: UK, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Germany, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Germany, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: France, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: France, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Italy, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Italy, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Spain, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Spain, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Eastern Europe, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Eastern Europe, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Russia, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Russia, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: North America, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: North America, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: USA, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: USA, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Canada, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Canada, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: South America, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: South America, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Brazil, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Brazil, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Middle East, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Middle East, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Africa, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Africa, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Glencore plc Financial Performance
  • Table 56: BHP Billiton Financial Performance
  • Table 57: Rio Tinto Group Financial Performance
  • Table 58: Vale S.A. Financial Performance
  • Table 59: Zijin Mining Group Co. Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Copper Market, Sub-Segmentation Of Refining Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Copper Market, Sub-Segmentation Of Metal Processing Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Copper Market, Sub-Segmentation Of Chemical Industry, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Copper Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Copper Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Copper Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: China, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: India, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: India, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: Japan, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: Japan, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: Australia, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Australia, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Indonesia, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Indonesia, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: South Korea, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: South Korea, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Western Europe, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Western Europe, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: UK, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: UK, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Germany, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Germany, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: France, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: France, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Italy, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Italy, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Spain, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Spain, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Eastern Europe, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Eastern Europe, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Russia, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Russia, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: North America, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: North America, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: USA, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: USA, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Canada, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Canada, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: South America, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: South America, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Brazil, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Brazil, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Middle East, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Middle East, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Africa, Copper Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Africa, Copper Market, Segmentation By Mining Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Glencore plc Financial Performance
  • Figure 56: BHP Billiton Financial Performance
  • Figure 57: Rio Tinto Group Financial Performance
  • Figure 58: Vale S.A. Financial Performance
  • Figure 59: Zijin Mining Group Co. Ltd. Financial Performance

Frequently Asked Questions

Copper is a chemical element with the symbol Cu and atomic number 29. Copper is widely used in electrical equipment such as wiring, motors, and electrical cables due to its excellent conductivity properties. For further insights on this market, request a sample here

The market major growth driver - The Impact Of Rapid Urbanization On The Copper Market. For further insights on this market, request a sample here

The copper market size has grown strongly in recent years. It will grow from $105.6 billion in 2024 to $114.09 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to electrical and electronics industry, construction sector, industrial machinery manufacturing, automotive manufacturing, infrastructure development. The copper market size is expected to see strong growth in the next few years. It will grow to $166.46 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to renewable energy transition, electric vehicles (EVs) demand, urbanization and construction growth, 5G network expansion, global economic recovery. Major trends in the forecast period include copper in antimicrobial applications, supply chain resilience and diversification, copper recycling initiatives, copper alloy innovations, copper price volatility and market speculation. For further insights on this market, request a sample here

The copper market covered in this report is segmented –
1) By Type: Refining Industry; Metal Processing Industry, Chemical Industry; And Other Types
2) By Mining Type: Underground Mining; Surface Mining Subsegments:
1) By Refining Industry: Primary Copper Refining; Secondary Copper Refining (Recycling)
2) By Metal Processing Industry: Copper Casting; Copper Rolling And Extrusion; Copper Forging; Copper Drawing
3) By Chemical Industry: Copper Sulfate Production; Copper Chloride Production; Copper Oxide Production
4) By Other Types: Electrical Industry (Cables, Wires); Construction Industry (Copper-Based Alloys, Pipes, Fittings); Automotive Industry (Copper Components); Renewable Energy (Solar Panels, Wind Turbines) For further insights on this market,
request a sample here

Asia-Pacific was the largest region in the copper market in 2024. The regions covered in the copper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the copper market include Glencore plc, BHP Billiton, Rio Tinto Group, Vale S.A., Zijin Mining Group Co. Ltd., Tongling Nonferrous Metals Group Co. Ltd., Freeport-McMoRan Inc., Codelco, Norilsk Nickel, Grupo México, Teck Resources Ltd., Southern Copper Corporation, First Quantum Minerals Ltd., Antofagasta plc, Jiangxi Copper Co. Ltd., Lundin Mining Corporation, Kaz Minerals PLC, Hudbay Minerals Inc., Capstone Copper Corp., KGHM Polska Miedz S.A., Ero Copper Corp., Copper Mountain Mining Corporation, Sumitomo Metal Mining Co. Ltd., Boliden AB . For further insights on this market, request a sample here.

Major trends in this market include Revolutionizing Copper Circularity Through Strategic Partnership. For further insights on this market, request a sample here.

Customer representative image Book your 30 minutes free consultation with our research experts
Back to top