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North America Copper Market

North America Copper Market Size, Share, Forecast: By Grade: Pure Coppers, Oxygen-free Coppers, Electrolytic Coppers, Free-Machining Coppers; By Form: Wire Rods, Plates, Sheet and Strips, Tube, Bars and Sections, Others; By End Use: Building and Construction, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

North America Copper Market Outlook

The North America copper market attained a volume of nearly 2,092.04 KMT in 2023. The market is projected to grow at a CAGR of 2.40% between 2024 and 2032 to reach a value of around 2,584.76 KMT by 2032.

 

Key Trends in the Market

Copper refers to a metallic element which possesses malleable and ductile properties. This element can be transformed into thin sheets and wires and is known to be an excellent conductor of electricity. With an atomic weight of 63.54 and atomic number 29, copper is reddish-brown in appearance.

 

  • The North America copper market is being driven by the rising demand for copper in applications ranging from plumbing to roofing in the building and construction sector. The increasing spending on construction, owing to the growing investments in residential and non-residential structures, coupled with the escalating living standards, is also supporting the market demand.
  • The thriving manufacturing sector across the United States and Canada is heightening the incorporation of copper in industrial and machinery equipment development.
  • The heightening demand for copper in electrical wiring to facilitate power transmission, power distribution, and telecommunication operations, is further fuelling the North America copper market growth.
  • Technological advancements in the automotive sector, such as the emergence of self-driving cars, hybrid electric vehicles, and heavy-duty automobiles, among others, are likely to boost the application of copper in the automotive and heavy equipment sector in North America.

 

Market Analysis

Based on grade, the market is segmented into pure coppers, oxygen-free coppers, electrolytic coppers, and free-machining coppers. On the basis of form, the market is classified into wire rods, plates, sheet and strips, tube, and bars and sections, among others.

 

By end use, the market is categorised into building and construction, electrical and electronic, automotive and heavy equipment, consumer and general products, and industrial and machinery equipment, among others. The major countries in the market for copper in North America are the United States and Canada.

 

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. The report gives a detailed analysis of the key players in the North America copper market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Electric Materials Company
  • Mitsubishi Materials Corporation
  • Rio Tinto Group
  • Freeport-McMoRan Inc.
  • Capstone Copper Corp.
  • Concast Metal Products Company
  • Montana Resources LLP
  • Newmont Corporation
  • KGHM Polska Miedź S.A.
  • Others

 

Market Share by Grade

Oxygen-free copper contains very little oxygen content and is known to be more resistant to short circuit and has a higher durability as compared to its counterparts. The reduced oxygen content of the product enhances its resistance to corrosion. In this regard, oxygen-free copper is widely used in structural and thermal applications.

 

Meanwhile, electrolytic copper is a type of copper which has high tensile strength and excellent ductility, making it suitable for applications across various end-use sectors, including electronics, in North America.

 

Market Share by Form

Among different forms of copper, copper plates are one of the most useful materials, applied in several sectors across the United States and Canada. Copper plates have high malleability, corrosion resistance, lubricity, and anti-bacterial properties. Hence, they are ideal for utilisation in sectors such as marine, electrical and electronics, military, and HVAC, among others.

 

Competitive Landscape

Electric Materials Company is a leading manufacturer of copper-related products, such as copper forgings, casting, and billets, among others. It was founded in 1915 and is headquartered in Pennsylvania, the United States.

 

Mitsubishi Materials Corporation is a prominent cement manufacturing company which also offers copper and aluminium products, along with electronic components. The company was established in 1871 and is headquartered in Tokyo, Japan.

 

Rio Tinto Group is a multinational company which is one of the largest metals and mining corporations. The company was founded in 1873 and is currently headquartered in London, the United Kingdom.

 

Other market players include Freeport-McMoRan Inc., Capstone Copper Corp., Concast Metal Products Company, Montana Resources LLP, Newmont Corporation, and KGHM Polska Miedź S.A., among others.

 

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:

  • Grade
  • Form
  • End Use
  • Region
Breakup by Grade
  • Pure Coppers
  • Oxygen-free Coppers
  • Electrolytic Coppers
  • Free-Machining Coppers
Breakup by Form
  • Wire Rods
  • Plates
  • Sheet and Strips
  • Tube
  • Bars and Sections
  • Others
Breakup by End Use
  • Building and Construction
  • Electrical and Electronic
  • Automotive and Heavy Equipment
  • Consumer and General Products
  • Industrial and Machinery Equipment
  • Others
Breakup by Region
  • United States
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Electric Materials Company
  • Mitsubishi Materials Corporation
  • Rio Tinto Group
  • Freeport-McMoRan Inc.
  • Capstone Copper Corp.
  • Concast Metal Products Company
  • Montana Resources LLP
  • Newmont Corporation
  • KGHM Polska Miedź S.A.
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Market Snapshot
7    Opportunities and Challenges in the Market
8    North America Copper Market Overview

    8.1    Key Industry Highlights
    8.2    North America Copper Historical Market (2018-2023) 
    8.3    North America Copper Market Forecast (2024-2032)
9    North America Copper Market by Grade
    9.1    Pure Coppers
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Oxygen-free Coppers
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Electrolytic Coppers
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Free-Machining Coppers
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
10    North America Copper Market by Form
    10.1    Wire Rods
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Plates
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Sheet and Strips
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Tube
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Bars and Sections
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    North America Copper Market by End Use
    11.1    Building and Construction
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Electrical and Electronic
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Automotive and Heavy Equipment
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Consumer and General Products
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Industrial and Machinery Equipment
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    North America Copper Market by Country
    12.1    United States
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Canada
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyer’s Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Demand
    13.4    Key Indicators for Price  
14    Trade Data Analysis
    14.1    Major Exporting Countries 
        14.1.1    By Value
        14.1.2    By Volume
    14.2    Major Importing Countries
        14.2.1    By Value
        14.2.2    By Volume
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Electric Materials Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Mitsubishi Materials Corporation
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Rio Tinto Group
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Freeport-McMoRan Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Capstone Copper Corp.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Concast Metal Products Company
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Montana Resources LLP
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Newmont Corporation
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    KGHM Polska Miedź S.A.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    North America Copper Market: Key Industry Highlights, 2018 and 2032
2.    North America Copper Historical Market: Breakup by Grade (USD Million), 2018-2023
3.    North America Copper Market Forecast: Breakup by Grade (USD Million), 2024-2032
4.    North America Copper Historical Market: Breakup by Form (USD Million), 2018-2023
5.    North America Copper Market Forecast: Breakup by Form (USD Million), 2024-2032
6.    North America Copper Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    North America Copper Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    North America Copper Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Copper Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    North America Copper Market Structure

Key Questions Answered in the Report

The market reached a value of nearly 2,092.04 KMT in 2023.

The market is estimated to grow at a CAGR of 2.40% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2,584.76 KMT by 2032.

The rising demand for copper from the building and construction sector, the thriving manufacturing sector, and the heightening demand for copper in electrical wiring to meet the power requirement across the United States and Canada are the major drivers of the market.

The key trends in the market include technological advancements in the automotive sector and the rapid expansion of end-users of copper, such as the marine and HVAC sectors.

Pure coppers, oxygen-free coppers, electrolytic coppers, and free-machining coppers are the different forms of copper included in the market.

Wire rods, plates, sheet and strips, tube, and bars and sections, among others, are the major forms of copper considered in the market report.

Electric Materials Company, Mitsubishi Materials Corporation, Rio Tinto Group, Freeport-McMoRan Inc., Capstone Copper Corp., Concast Metal Products Company, Montana Resources LLP, Newmont Corporation, and KGHM Polska Miedz S.A., among others, are the key North America copper market players.

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