New York, United States , April 16, 2024 (GLOBE NEWSWIRE) — The Global Copper Market Size is to Grow from USD 308.67 Billion in 2023 to USD 504.93 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.04% during the projected period.
On the basis of type, the global copper market is segmented into primary, and secondary. Among these, the primary segment is dominating the market with the largest revenue share over the anticipation timeframe. Primary production methods provide the majority of the copper produced globally. Primary copper production involves extracting copper ores from mines, crushing and grinding them to produce copper concentrates, and then smelting and refining these concentrates to produce pure copper cathodes or other refined copper products.On the basis of application, the global copper market is segmented into construction, and power generation. Among these, the construction segment is witnessing significant growth over the anticipation timeframe. Because of its high electrical conductivity and resistance to corrosion, it is the preferred choice for electrical wiring in residential, commercial, and industrial buildings. Copper fittings and pipes are used extensively in plumbing systems due to their durability and antimicrobial properties.
Inquire Before Buying This Research Report:This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Copper Market based on the below-mentioned segments:
(GlobeNewsWire)