Yahoo Finance Global Rolled Copper Products Market to Surge Beyond $26 Billion in 2024, Forecasts New Market Report
Dublin, May 22, 2024 (GLOBE NEWSWIRE) -- The "Rolled Copper Products Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
World revenue for the Rolled Copper Products Market in terms of value the market will surpass US$26.16 billion in 2024, with strong revenue growth through to 2034.
The global rolled copper products market is experiencing steady growth, driven by several key factors. The increasing demand for copper in various industries, including construction, electronics, automotive, and telecommunications, is fuelling the market's expansion. Rolled copper products, such as sheets, strips, and foils, are essential components in electrical wiring, plumbing systems, electronic devices, and architectural applications, contributing to their widespread adoption.
Furthermore, the growing emphasis on sustainable and energy-efficient solutions is driving the demand for copper products. Copper's excellent conductivity, durability, and recyclability make it an ideal choice for green building initiatives, renewable energy systems, and electric vehicles. As governments worldwide implement stringent regulations and initiatives to promote sustainability and reduce carbon emissions, the demand for rolled copper products is expected to continue growing.
Amidst the market's growth, several opportunities and challenges exist for industry players. The increasing adoption of antimicrobial copper surfaces in healthcare facilities and public spaces presents a significant opportunity for manufacturers of rolled copper products. The antimicrobial properties of copper make it effective in reducing the spread of pathogens, including bacteria and viruses, enhancing its appeal for use in high-touch surfaces.
The availability of alternative metal foils poses a significant restraining factor in the copper market, particularly with the emergence of innovative materials that mimic the properties of precious metals like gold and silver. Japanese scientists have made significant strides in transforming copper-based substances into materials that replicate the characteristics of costly metals, offering promising applications in electronic device production. This breakthrough, involving the creation of copper nanoparticles, opens avenues for the development of electronic components that traditionally rely on expensive gold and silver counterparts.
Key Market Dynamics
Market Driving Factors
The Speedily Growing Electronics Industry and Rise of Smartphones
Copper Rolled Product Business for Automotive Terminals and Connectors
Growing Demand from Construction Industry
Market Restraining Factors
Availability of Alternative Metal Foils Hinder the Market Growth
Copper Shortages Present New Manufacturing Challenges
Fluctuating Raw Material Prices Hinder the Market Growth
Market Opportunities
Rapid Industrialization and Urbanization in Emerging Economies Present Significant Growth Opportunities
Geographical Expansion into New Markets or Regions with High Demand for Copper Products
Collaboration and Partnership Between Market Players Opportunities for the Market
Key Questions Answered
How is the rolled copper products market evolving?
What is driving and restraining the rolled copper products market?
How will each rolled copper products submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each rolled copper products submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading rolled copper products markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the rolled copper products projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of rolled copper products projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the rolled copper products market?
Where is the rolled copper products market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising rolled copper products prices and recent developments.
Segments Covered in the Report
Market Segment by Alloy Type
Pure Copper
Copper Alloys
Market Segment by Thickness
Thin Gauge (Less than 0.2 mm)
Medium Gauge (0.2-1 mm)
Thick Gauge (More than 1 mm)
Market Segment by Form
Rolled Sheets
Rolled Strips
Rolled Foils
Other Form
Market Segment by Application
Printed Circuit Boards (PCBs)
Electrical Wiring
Roofing and Cladding
Heat Exchangers
Other Applications
Market Segment by End-Use Industry
Electrical & Electronics
Automotive
Construction
Industrial Machinery
Consumer Goods
Aerospace & Defence
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets.
The report also includes profiles and for some of the leading companies in the Rolled Copper Products Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth
Aurubis
Chinalco Luoyang Copper Processing Co.
Freeport-McMoRan
Furukawa Electric Co.
Jiangxi Copper
JX Nippon Mining & Metals
LS-Nikko Copper
Metallurgical Corporation of China
Mitsubishi Materials
Mueller Industries
Ningbo Jintian Copper (Group) Co.
Sam Dong
Southwire Company
Wieland Electric
Wieland-Werke
For more information about this report visit https://www.researchandmarkets.com/r/bkcqq
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