Copper and Copper Semis Sourcing and Procurement Intelligence Report 2030
Copper and Copper Semis Procurement Intelligence This copper and copper semis category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. In 2022, Asia Pacific led the copper market with a market share of more than 37%, followed by North America and Europe. Increase in end-use industries like automotive and electronics as well as rising per capita income have contributed to the expansion of the copper industry in these regions. The category is driven by various trends including increasing demand from infrastructure development projects, the growing electrical and electronics industry, increasing supply of scrap copper and the adoption of renewable energy technologies. Spending on new construction is anticipated to increase, which would result in higher demand for copper wire, tube, and other mill products for various uses like plumbing and building wire. The leading participants in the copper market are anticipated to gain from increased infrastructure investment, particular...