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Global Copper Strips Market Size, Share, Trends, Analysis, Forecast: By Thickness: <6mm, 6-10mm, >10mm; By Application: Machines, Architecture and Art, Electrical Appliances, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Copper Strips Market Outlook
The global copper strips market is being aided by the growing refined copper market, which reached a volume of 25153.09 kilo tons in 2023. The refined copper industry registered a CAGR of 0.9% in the historical period of 2018-2023.
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Increasing Demand for Electrical Appliances to Augment the Copper Strips Industry Growth
Based on application, the electrical appliances segment accounts for a significant share in the copper strips industry. Copper is commonly used in the manufacture of electrical components due to its excellent heat resistance and superconducting properties. Copper is also relatively cheap, ductile, and thermally resistant, making it ideal for use in the electrical industry. It also has a high melting point and is a strong heat conductor. Therefore, it is widely used in electrical appliances that produce a lot of heat. ASTM B370 is the most widely used copper for strip applications. It is 99.9% copper and comes in six ASTM B370 tempers: 060 (soft), H00 (cold rolled), H01 (cold rolled, high yield), H02 (half hard), H03 (three quarter hard), and H04 (hard). Thin copper strips are ideal for mosaics and other crafts, as well as a variety of other uses such as electrical and DIY designs. These factors are aiding the growth of the segment, and, thus, contributing to the overall industry growth.
The Asia Pacific Region to Provide Enhanced Growth Opportunities to the Copper Strips Industry
The Asia Pacific is likely to emerge as a viable growth ground for the copper strips industry. The market growth in the Asia Pacific can be attributed to the growth of the electrical and electronics industry in the region. Copper is commonly used by electrical component manufacturers in countries such as South Korea, India, China, and others because of its favourable properties. Additionally, the increasing focus to ensure that citizens have access to affordable power is anticipated to further boost the need for copper strips for electrical wiring and other related applications.
However, the current COVID-19 pandemic has had a huge impact on the global economy as well as numerous companies around the world. One of the worst-affected sectors amidst the mass lockdown has been identified as the power and energy sector. For instance, due to the temporary closure of malls, stores, and offices in the wake of the rising coronavirus cases in India, spot power demand fell to 40% in March, which led to reduced demand for copper strips in the region. Similarly, the acceptance rate of copper strips has decreased across the world, causing a fall in the copper strips demand growth curve, at least in the short-term.
Copper Strips: Market Segmentation
Copper (copper strip) is a light metal of exceptional malleability and ductility. It has high thermal and electrical conductivity. It is commonly used in a number of industrial applications due to copper's high malleability and ease of use in machinery during the fabrication process.
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By thickness, the market is divided into:
- <6mm
- 6-10mm
- >10mm
The market is divided based on application into:
- Machines
- Architecture and Art
- Electrical Appliances
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Investment in Smart Grid Networks to Bolster the Growth of the Copper Strips Industry
The rising investment in smart grid networks is one of the major factors accelerating the global copper strips industry growth. Smart grid networks maintain efficient and seamless power transmission and distribution, and countries around the world have been steadily investing in the construction of these grids, which is leading to a rise in demand for copper strips over time. Further, the increasing need for innovation in modular switchgears that include copper strips is further driving the product utilisation in the sector.
The growing investments by numerous EMEA countries to improve existing power (energy) infrastructure and develop new transmission and distribution networks to satisfy the rising demand for electricity are projected to increase copper strips demand in the forecast period, thus, further propelling the market forward.
Key Industry Players in the Global Copper Strips Market
The report gives a detailed analysis of the following key players in the global copper strips market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Aurubis AG
- Kme Germany GmbH
- Mitsubishi Materials Corporation
- CNMC Albetter Albronze Co.,Ltd
- Wieland-Werke AG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Thickness |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Copper Strips Market Analysis
8.1 Key Industry Highlights
8.2 Global Copper Strips Historical Market (2018-2023)
8.3 Global Copper Strips Market Forecast (2024-2032)
8.4 Global Copper Strips Market by Thickness
8.4.1 <6mm
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 6-10mm
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 >10mm
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Copper Strips Market by Application
8.5.1 Machines
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Architecture and Art
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electrical Appliances
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Copper Strips Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Aurubis AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Kme Germany GmbH
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Mitsubishi Materials Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 CNMC Albetter Albronze Co.,Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Wieland-Werke AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Copper Strips Market: Key Industry Highlights, 2018 and 2032
2. Global Copper Strips Historical Market: Breakup by Thickness (USD Million), 2018-2023
3. Global Copper Strips Market Forecast: Breakup by Thickness (USD Million), 2024-2032
4. Global Copper Strips Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Copper Strips Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Copper Strips Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Copper Strips Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Copper Strips Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Copper Strips Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Copper Strips Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Copper Strips Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Copper Strips Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Copper Strips Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Copper Strips Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Copper Strips Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Copper Strips Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Copper Strips Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Copper Strips Market Structure
Key Questions Answered in the Report
The global copper strips market is supported by refined copper market, which attained a volume of nearly 25153.09 kilo tons in 2023.
The refined copper market is projected to grow at a CAGR of 0.9% between 2024 and 2032.
The major drivers of the market include the rising investment in smart grid networks and the increasing need for innovation in modular switchgears that include copper strips.
The increasing demand for electrical appliances and the rising demand for electricity are expected to be the key trends guiding the growth of the market.
The different thicknesses of copper strips available in the market are <6mm, 6-10mm, and >10mm.
Copper strips finds applications as machines, architecture and art, and electrical appliances, among others.
The key players in the global copper strips market are Aurubis AG, Kme Germany GmbH, Mitsubishi Materials Corporation, CNMC Albetter Albronze Co.,Ltd, and Wieland-Werke AG, among others.
Analyst Review
The global copper strips market is supported by refined copper market, which attained a volume of 25153.09 kilo tons in 2023, driven by rising investment in smart grid networks and rising demand for electricity. Aided by increasing demand for electrical appliances, the refined copper market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 0.9%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the thickness, the copper strips market can be segmented into <6mm, 6-10mm, and >10mm. By application, the industry can be divided into machines, architecture and art, and electrical appliances, among others. The key players in the above industry include Aurubis AG, Kme Germany GmbH, Mitsubishi Materials Corporation, CNMC Albetter Albronze Co.,Ltd, and Wieland-Werke AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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