Copper Market Is Expanding at a Cagr of 4.9% Between 2015 and 2023

Transparency Market

Research

Copper Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2023

Published Date

09-03-2016

182 Page Report

Buy Now

Request Sample

Press Release

Copper Market to Account for US$171.96 bn by 2023,

Construction to Remain Largest Application Segment

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.com

Copper Market

REPORT DESCRIPTION

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...