Global Copper Market to 2032
Overview
The Global Copper Market is expected to reach a 362.28 USD Billion by 2032 and is projected to grow at a CAGR of 5.61% from 2025 to 2032.
Revenue, 2024 (USD Billion)
236.09
Forecast, 2032 (USD Billion)
362.28
CAGR, 2024 - 2032
5.61%
Report Coverage
Global
Global Copper Market 2018-2032 USD Billion
Global Copper Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 236.09 USD Billion
- Projected Market Size (2032): 362.28 USD Billion
- CAGR (2025-2032): 5.61%
Key Findings of Global Copper Market
- The Global Copper Market was valued at 362.28 USD Billion in 2024.
- The Global Copper Market is likely to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Mining in Copper Processing Segment accounted for the largest share of the market with a revenue of 112.75 USD Billion
- The fastest growing segment Electric Vehicles in Application Segment grew Fastest with a CAGR of 8.22% during the forecast period from 2024 to 2032.
Global Copper Market Scope
Global Copper Market Segmentation & Scope
End-Use
- Defense
- Aerospace
- Medical
- Others
- Transport
- Telecommunications
- Consumer Products
- Equipment Manufacture
- Industrial Equipment
- Automotive
- Infrastructure
- Power and Energy
- Electricals and Electronics
- Construction
Application
- Optical Fibers
- Spark Plugs
- Water-Cooled Copper Crucibles
- Others
- Cooking Utensils
- Electrodes
- High Conductivity Wires
- Refrigeration Tubing
- Architectural Applications
- Pipes
- Solar Panels
- Roofing
- Plumbing
- Industrial Machinery
- Motor Parts
- Electric Vehicles
- Heat Exchangers
- Cables and Busbars
- Power Transmission Lines
- Electrical Wiring
Copper Grade
- Free-Machining Coppers
- Electrolytic Coppers
- Oxygen Free Coppers
- Pure Coppers
Copper Processing
- Others
- Alloying
- Purification
- Electrorefining
- Extraction
- Mining
Temper
- Extra-Spring
- Hard-Spring
- Half-Hard
- Soft
Product Form
- Cathodes
- Pipes
- Others
- Tubes
- Bars and Sections
- Rods
- Strips
- Sheets
- Plates
- Wires
Global Copper Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 236.09 USD Billion |
| Market Value in 2032 | 362.28 USD Billion |
| CAGR (2025-2032) | 5.61% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End-Use,Application,Copper Grade,Copper Processing,Temper,Product Form |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 236.09 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 45,014.69 USD Million in 2024.
Segments and Scope
-
Global Copper Market to 2032, By End-Use
- Construction is the largest segment in Global Copper Market to 2032 with a revenue of 58.78 USD Billion in the year 2024.
- Automotive is the Fastest growing segment in Global Copper Market to 2032 with a Growth rate of 6.10 % in forecast period 2025-2032.
-
Global Copper Market to 2032, By Application
- Electrical Wiring is the largest segment in Global Copper Market to 2032 with a revenue of 39.40 USD Billion in the year 2024.
- Electric Vehicles is the Fastest growing segment in Global Copper Market to 2032 with a Growth rate of 7.16 % in forecast period 2025-2032.
-
Global Copper Market to 2032, By Copper Grade
- Pure Coppers is the largest segment in Global Copper Market to 2032 with a revenue of 99.89 USD Billion in the year 2024.
- Pure Coppers is the Fastest growing segment in Global Copper Market to 2032 with a Growth rate of 5.91 % in forecast period 2025-2032.
-
Global Copper Market to 2032, By Copper Processing
- Mining is the largest segment in Global Copper Market to 2032 with a revenue of 112.75 USD Billion in the year 2024.
- Mining is the Fastest growing segment in Global Copper Market to 2032 with a Growth rate of 5.96 % in forecast period 2025-2032.
-
Global Copper Market to 2032, By Temper
- Soft is the largest segment in Global Copper Market to 2032 with a revenue of 105.48 USD Billion in the year 2024.
- Soft is the Fastest growing segment in Global Copper Market to 2032 with a Growth rate of 5.99 % in forecast period 2025-2032.
-
Global Copper Market to 2032, By Product Form
- Wires is the largest segment in Global Copper Market to 2032 with a revenue of 70.97 USD Billion in the year 2024.
- Wires is the Fastest growing segment in Global Copper Market to 2032 with a Growth rate of 6.34 % in forecast period 2025-2032.
Global Copper Market Company Share Analysis
| Company Name |
|
||
| Aurubis AG | |||
| Glencore | |||
| Jiangxi Copper Group Co., Ltd. | |||
| CODELCO | |||
| BHP | |||
Global Copper Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Copper Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Copper Market is segmented based on Segmentation End-Use,Application,Copper Grade,Copper Processing,Temper,Product Form.
Global Copper Market was valued at USD 236.09(Revenue in USD Billion) in 2024.
Global Copper Market is projected to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
The Mining segment is expected to dominate the Global Copper Market, holding a largest market share of 112.75 USD Billion in 2024
Global Copper Market Scope
Global Copper Market Segmentation & Scope
End-Use
- Defense
- Aerospace
- Medical
- Others
- Transport
- Telecommunications
- Consumer Products
- Equipment Manufacture
- Industrial Equipment
- Automotive
- Infrastructure
- Power and Energy
- Electricals and Electronics
- Construction
Application
- Optical Fibers
- Spark Plugs
- Water-Cooled Copper Crucibles
- Others
- Cooking Utensils
- Electrodes
- High Conductivity Wires
- Refrigeration Tubing
- Architectural Applications
- Pipes
- Solar Panels
- Roofing
- Plumbing
- Industrial Machinery
- Motor Parts
- Electric Vehicles
- Heat Exchangers
- Cables and Busbars
- Power Transmission Lines
- Electrical Wiring
Copper Grade
- Free-Machining Coppers
- Electrolytic Coppers
- Oxygen Free Coppers
- Pure Coppers
Copper Processing
- Others
- Alloying
- Purification
- Electrorefining
- Extraction
- Mining
Temper
- Extra-Spring
- Hard-Spring
- Half-Hard
- Soft
Product Form
- Cathodes
- Pipes
- Others
- Tubes
- Bars and Sections
- Rods
- Strips
- Sheets
- Plates
- Wires
Frequently Asked Questions
The Global Copper Market is segmented based on Segmentation End-Use,Application,Copper Grade,Copper Processing,Temper,Product Form.
Global Copper Market was valued at USD 236.09(Revenue in USD Billion) in 2024.
Global Copper Market is projected to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
The estimated market value of the Global Copper Market for final year is USD 362.28 (USD Billion).
Global Copper Market Company Profiling
Frequently Asked Questions
The Global Copper Market is segmented based on Segmentation End-Use,Application,Copper Grade,Copper Processing,Temper,Product Form.
Global Copper Market was valued at USD 236.09(Revenue in USD Billion) in 2024.
Global Copper Market is projected to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
The estimated market value of the Global Copper Market for final year is USD 362.28 (USD Billion).
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