Copper Market to Account for Us$171.96 Bn by 2023

Transparency Market

Copper Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023

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182 Page Report

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Copper Market to Account for US$171.96 bn by 2023,
Construction to Remain Largest Application Segment

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Copper Market


Transparency Market Research has published a new market report titled “Copper Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global copper
market was valued at US$ 138.05 Bn in 2014 and is anticipated to reach US$ 171.96 Bn by 2023,
expanding at a CAGR of 4.9% between 2015 and 2023.
Copper is a soft metal with excellent ductile and malleable properties. It has high electrical and thermal
conductivity. Copper is used extensively in various industrial application due to its conductivity and
antibacterial properties. Brass and bronze are two of the most important alloys of copper. Copper’s
malleability and ease of usage in machines during the fabrication process facilitates high production rate
of accurate copper shapes at relatively lower cost than its substitutes.
Increase in infrastructure activities in developing countries is expected to boost the demand for copper in
the next few years. Additionally, advancement in global manufacturing output as in transportation
equipment, industrial machinery, domestic appliances, and other durable goods is estimated to augment
the demand for copper during the forecast period. However, competition from other materials such as
plastic and aluminum is likely to hamper market growth. Nonetheless, ongoing research and development
in green building is projected to open growth opportunities for the...