Copper Cathode Market to grow by USD 7.82 million during 2022-2027 | Rising demand for copper cathode from construction, electronics, and automotive industries to drive the growth - Technavio

NEW YORK, Sept. 27, 2023 /PRNewswire/ -- The copper cathode market size is expected to grow by USD 7.82 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 5.9% during the forecast period. The market is segmented by Application (Consumer durable goods, Building and construction, Power generation, Telecommunication, and Others), Technology (Electro-refining and Smelting), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). Rising demand for copper cathode from the construction, electronics, and automotive industries drives the copper cathode market. Various industries, namely construction, electronics, and automotive industries, are creating demand for copper cathodes. The rising demand can be attributed to factors such as population growth, urbanization, technological advancements, and increased automobile production. For instance, copper wiring is a vital part of residential buildings, especially for powering electrical appliances, lighting, and heating systems. Hence, such factors drive the growth of the copper cathode market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the copper cathode market: Antofagasta plc, Aurubis AG, Bhagyanagar India Ltd., BHP Group plc, China Daye Non Ferrous Metals Mining Ltd., Corporacion Nacional del Cobre de Chile, ENEOS Holdings Inc, First Quantum Minerals Ltd., Freeport McMoRan Inc., Glencore Plc, Hindalco Industries Ltd., Hindustan Copper Ltd., KAZ Minerals, MMG Ltd., Shanti Group Of Industries, Southern Copper Corp., Sumitomo Metal Mining Co. Ltd., Tongling Nonferrous Metals Group Co. Ltd., ZIJIN MINING GROUP CO. LTD, and Jiangxi Copper Co. Ltd.
• Copper Cathode Market is fragmented in nature.
• Market to observe 5.34% YOY growth in 2023.

Market Dynamics:

Trend

• Technological advancements increase the efficiency of copper cathodes, which are emerging trends in the copper cathode market.
• The rising efficiency of copper cathodes is due to several technological advancements over the years.
• By enhancing production processes and reducing costs, the emergence of technological advancements has significantly revolutionized the copper industry landscape.
• Furthermore, advanced electrolytic refining techniques is one of the main technological advancement in the global market.
• Hence, such trends fuel the growth of the copper cathodes market during the forecast period.

Challenge

• Fluctuation in copper prices challenges the growth of the copper cathodes market.
• The price fluctuations include interest rates, economic growth, the availability and attractiveness of substitute goods, and political considerations.
• Such price volatility of copper is significantly impacting global demand as copper is the world's third-largest consumed metal after iron and aluminum.
• The rising cost of copper leads to fluctuations in the demand-supply gap, which is negatively impacting end-user industries.
• Hence, such challenges impede the growth of the copper cathodes market during the forecast period.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report

Keg Segments:

The consumer durable goods segment is significant during the forecast period. Owing to their exceptional conductivity and corrosion resistance properties, there is an increasing adoption of copper cathodes in the manufacturing of different consumer durable goods. Furthermore, in consumer durable goods segments, the main application of copper cathode is in the manufacturing of electrical and electronic appliances, such as refrigerators, air conditioners, televisions, and washing machines. Hence, such factors drive the consumer durable goods segment during the forecast period. Get a glance at the market contribution of the segments, Request a Free Sample

The Cathode Materials Market size is estimated to grow at a CAGR of 15.23% between 2023 and 2027. This cathode materials market is segmented into type, application, and geography. Increased application in consumer electronics is the primary trend in the global cathode materials market. 

The copper market size is estimated to grow at a CAGR of 6% between 2022 and 2027. The market size is forecast to increase by USD 57.8 billion. This copper market report extensively covers market segmentation by application (electrical and electronics, construction, telecommunication, transportation, and others), type (primary and secondary), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The high demand for copper from APAC is notably driving the market growth.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Technology

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

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SOURCE Technavio