The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Due to increasing construction projects in rapidly developing countries such as China and India owing to the rising population and infrastructure are expected to drive innovation in copper manufacturing, thus driving the market during the forecast period.

The global copper market is expected to grow from $160.7 billion in 2022 to $176.74 billion in 2023 at a compound annual growth rate (CAG R) of 10.0%. The copper market size is expected to grow from $254.33 billion in 2027 at a CAGR of 9.5%.

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Global Copper Market Segments Include:

• By Type:Refining Industry, Metal Processing Industry, Chemical Industry, and Other Types
• By Mining Type:Underground Mining, Surface Mining
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global copper market in 2021.

Major Market Players in the copper market include Codelco, Glencore, BHP Billiton, Southern Copper, and Freeport.

Autonomous drilling systems are being implemented by the Copper industries to enhance safety, efficiency, and productivity. This technology is being used to accurately identify drill location and drill production blast holes more effectively using advanced levelling technologies.

The Copper Global Market Report 2023  provides a copper market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The copper market forecast analyzes copper market size, copper market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Copper ore mining refers to the complex process of processing copper which starts with the mining of the ore, which contains less than 1% copper, and concludes with cathodes, which are sheets of 99.99% pure copper that will eventually be turned into everyday items. Copper oxide and copper sulphide are the two most prevalent forms of ores.

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