Growth in the world market for copper metal (i.e., the copper content of semi-finished products such as wire, tube, rod, and bar) will total 4.2% annually through 2019 in volume terms. Gains will be driven by fast growth in building construction activity and demand for products such as copper wire and tube.
Building Construction Remains Largest Copper Outlet
Building Construction will be the largest and fastest growing market through 2019, accounting for almost half of total demand. Copper will remain a critical material for a diverse set of applications, including wire and cable, HVAC and refrigeration equipment; and pipe. Market growth will be fueled by a strong acceleration in building construction activity in the US, combined with robust growth in emerging economies such as China.
Asia/Pacific Region Posts Fastest Gains
Robust expansion in China’s building construction and manufacturing sectors (e.g., automotive, machinery, appliances), will drive copper metal sales in the massive Asia/Pacific market. Rapid industrialization efforts and rising urbanization rates in India will also fuel sales growth.
Five Suppliers Lead Refined Copper Production
Most of the world’s leading producers of refined copper are back-integrated into mining operations. The industry is also increasingly using scrap metal in copper production as recycling capabilities improve worldwide. Key industry participants include Aurubis, BHP Billiton, Corporación Nacional del Cobre de Chile (Codelco), Freeport-McMoRan, Glencore, Grupo México, Jiangxi Copper, Jinchuan Group, JX Nippon Mining & Metals, Tongling Nonferrous Metals Group, and Yunnan Copper Industry Group.
Scope of the Report
This report covers the scope, size, and growth of the world market for copper metal including key trends in major markets, as well as refined copper demand and production, smelter production, and mine output in each major country. For six world regions and 21 major countries, this study provides historical data for 2004, 2009, and 2014 with forecasts to 2019 and 2024. Year by year historical market volatility is also addressed. Data is provided in metric tons. Also included is an analysis of the industry key players and their market shares.
Refined copper production in each country is segmented by:
•Secondary Electrolytic (using recycled scrap)
Markets for copper metal analyzed in this report are: