The North America copper market attained a volume of nearly 2043.01 KMT in 2022. The market is projected to grow at a CAGR of 2.40% between 2023 and 2028 to reach a value of around 2350.83 KMT by 2028.
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.
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.
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.
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.
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 MiedÅº S.A., among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Grade||
|Breakup by Form||
|Breakup by End Use||
|Breakup by Region||
*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.
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
5.2 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 (2018-2022)
8.3 North America Copper Market Forecast (2023-2028)
9 North America Copper Market by Grade
9.1 Pure Coppers
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Oxygen-free Coppers
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Electrolytic Coppers
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Free-Machining Coppers
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 North America Copper Market by Form
10.1 Wire Rods
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Sheet and Strips
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Bars and Sections
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
11 North America Copper Market by End Use
11.1 Building and Construction
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Electrical and Electronic
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Automotive and Heavy Equipment
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Consumer and General Products
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Industrial and Machinery Equipment
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
12 North America Copper Market by Country
12.1 United States
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
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
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.2.2 Mitsubishi Materials Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16.2.3 Rio Tinto Group
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.2.4 Freeport-McMoRan Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16.2.5 Capstone Copper Corp.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.2.6 Concast Metal Products Company
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16.2.7 Montana Resources LLP
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.2.8 Newmont Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16.2.9 KGHM Polska Miedź S.A.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Copper Market: Key Industry Highlights, 2018 and 2028
2. North America Copper Historical Market: Breakup by Grade (USD Million), 2018-2022
3. North America Copper Market Forecast: Breakup by Grade (USD Million), 2023-2028
4. North America Copper Historical Market: Breakup by Form (USD Million), 2018-2022
5. North America Copper Market Forecast: Breakup by Form (USD Million), 2023-2028
6. North America Copper Historical Market: Breakup by End Use (USD Million), 2018-2022
7. North America Copper Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. North America Copper Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Copper Market Forecast: Breakup by Country (USD Million), 2023-2028
10. North America Copper Market Structure
The market reached a value of nearly 2043.01 KMT in 2022.
The market is estimated to grow at a CAGR of 2.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 2350.83 KMT by 2028.
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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