The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Low-Carbon Copper Global Market Report 2024 offers crucial insights into the low-carbon copper market help businesses analyse and build stronger strategies.

Market Overview

• Current Market Size: The low-carbon copper market has seen significant growth, increasing from $72.22 billion in 2023 to $78.07 billion in 2024 at a CAGR of 7.3%.
• Historical Growth Factors:
  • Expanded electrical grids.
  • Increased per capita copper consumption.
  • Demand from the aerospace and aviation industry.
  • Focus on emissions reduction.
  • Growth in consumer awareness and demand.

Future Market Projections

• Expected Growth: The market is projected to grow to $108.54 billion by 2028, with a CAGR of 8.6%.
• Key Growth Drivers:
  • Increasing demand for copper in energy transition technologies.
  • Growing demand for electric vehicles.
  • Expansion in the construction sector.
  • Investor pressure and ESG considerations.
  • Rising demand for consumer goods.

Read The Full Low-Carbon Copper Market Report Here:
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Trends Shaping the Future

• Technological Advancements: Innovations in copper processing and product development.
• Integration of Renewable Energy: Adoption of renewable energy sources in production processes.
• Emergence of New Business Models: Introduction of sustainable business practices.
• Adoption of 3D Printing Technology: Use of advanced manufacturing techniques.
• Collaborations: Partnerships and collaborations to enhance product offerings and sustainability.

Electric Vehicle Adoption Fuels Growth

• Impact of Electric Vehicles: The increasing adoption of electric vehicles (EVs) significantly boosts the low-carbon copper market.
  • Factors Driving EV Adoption:
    • Interest in sustainable transportation.
    • Environmental concerns.
    • Cost of ownership advantages.
  • Role of Low-Carbon Copper: Reduces lifecycle emissions of EVs, enhancing their appeal.
• Statistics:
  • According to the International Energy Agency, electric car sales surged in Q1 2023, with over 2.3 million units sold, a 25% increase from the previous year. Projections estimate 14 million sales by the end of 2023, marking a 35% year-over-year increase.

Key Market Players

• Major Companies:
  • Trafigura Group Pte Ltd.
  • Jiangxi Copper Corporation
  • BHP Group
  • Rio Tinto Plc
  • Vale S.A.
  • Zijin Mining Group Co. Ltd.
  • Glencore Plc
  • Newmont Corporation
  • Sumitomo Metal Mining Co. Ltd.
  • KGHM Polska Miedz S.A.
  • Antofagasta Plc
  • Boliden Group
  • Midwest PGM Recycling Center
  • Pan Pacific Copper Co. Ltd.

Focus on Advanced Products

• Development of Green Copper Products: Companies are focusing on creating advanced, environmentally sustainable copper products.
  • Example: In March 2021, Boliden AB launched two green copper products sourced from recycled electronic scrap and reduced-emissions mining, featuring less than half the CO2 emissions of traditionally mined copper.

Partnerships and Collaborations

• ABB and Boliden Partnership:
  • Objective: Reduce greenhouse gas emissions and promote the use of recycled and low-carbon copper.
  • Broader Impact: Supports ABB’s sustainability strategy and industrial transformation initiatives.
  • Company Profiles: ABB, a Switzerland-based automation company; Boliden AB, a Sweden-based low-carbon copper manufacturer.

Market Segmentation

• By Product Type: Wires, Plates, Sheets and Strips, Tubes, Bars and Sections, Other Product Types.
• By Technology: Electrowinning, Electrolytic.
• By Source: Recycled Copper, Virgin Copper.
• By End-User: Power Generation and Distribution, Building and Construction, Consumer Electronics, Automotive, Other End-Use Applications.

Regional Insights

• Largest Market: Asia-Pacific was the largest region in the low-carbon copper market in 2023.
• Growth Outlook: The region is expected to maintain its leading position, driven by increasing industrialization and demand for sustainable products.

The low-carbon copper market is poised for continued growth, driven by technological advancements, increasing demand from the electric vehicle sector, and the growing importance of sustainability. As industries and consumers alike prioritize eco-friendly solutions, the demand for low-carbon copper products is set to rise.

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The Low-Carbon Copper Global Market Report 2024  provides a comprehensive outlook of the low-carbon copper market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The low-carbon copper market forecast offers a thorough analysis on low-carbon copper market size, low-carbon copper market share, prominent players and their strategies.

The Table Of Content For The Low-Carbon Copper Market Include:
1. Low-Carbon Copper Market Executive Summary
2. Low-Carbon Copper Market Segments
3. Low-Carbon Copper Market Size And Low-Carbon Copper Market Growth Rate
4. Key Low-Carbon Copper Market Trends
5. Major Low-Carbon Copper Market Drivers
……
25. Key Mergers And Acquisitions In The Low-Carbon Copper Market
26. Top Low-Carbon Copper Companies
27. Low-Carbon Copper Market Opportunities And Strategies
28. Low-Carbon Copper Market, Conclusions And Recommendations
29. Appendix

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