- Copper is a critical material used in various electrical and electronic applications, providing excellent electrical and thermal conductivity. It is essential for power generation, transmission, and distribution, as well as in a wide range of electronic devices
- The demand for copper is significantly driven by the increasing global focus on electrification and the energy transition, alongside advancements in technologies that rely heavily on its conductive properties
- Asia-Pacific is expected to dominate the copper market due to market due to robust industrialization, high demand from the construction and electronics sectors
- Asia-Pacific is expected to be the fastest growing region in the Copper market during the forecast period due to the rapid growth of electric vehicle and renewable energy infrastructure in countries such as China and India
- Wires segment is expected to dominate the market with a market share of 29.63% due to its expansion of renewable energy projects and the electrification of transportation systems further amplify the need for efficient copper wiring. In addition, rapid urbanization and infrastructure development in emerging economies contribute to this segment's growth
