Transparency Market Research Report Added "Copper Market" to its database.
Albany, NY -- (SBWIRE) -- 07/13/2015 -- Copper, being one of the most versatile metals, is a material of choice for industrial, technology, and domestic applications due to its excellent physical, chemical, and aesthetic properties. Copper and its mining and processing has been extremely significant for building infrastructure in both developing and developed countries for trade opportunities and overall economic growth.
Copper is mainly extracted in the form of copper sulfides, which contain about 1% copper, in porphyry copper deposits obtained from large mines. Crude copper extracted as rocks undergoes beneficiation, smelting, and other treatment to have high copper content and to be cast into more usable shapes. Copper and alloys of copper have widespread applications such as construction, electrical and industrial equipment, machinery, and electronics, among others.
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The research report is a qualitative and quantitative analysis of market growth drivers, inhibitors, trends, and opportunities in the global copper market. Using an easily comprehensible chapter-wise layout with tables, graphs, and charts, the research report analyzes the market's structure and provides projections for the next few years.
Recent technological advancements in the global copper market are included in the report for market players and new entrants to comprehend industry growth rate. Profiles of leading companies operating in the global copper market are included, with business strategy, financial standing, recent developments, and SWOT analysis provided for each of the players.
Overview of the Global Copper Market
According to statistics from the United States Geological Survey (USGS), emerging economies such as China and India exhibited maximum demand for copper in the period from 1990 to 2012, whereas the U.S. exhibited a slight decline in demand. Until 2002, the U.S. had the maximum demand for copper annually, consuming almost 16% of the total refined copper produced in the world.
In 2002, China overtook the U.S. as the leading consumer of copper. The booming economic growth in China has contributed to growing consumption of refined copper from the period from 2000 to 2012.
The wide scope of copper applications in technical and non-technical industries has led the global copper market to grow by leaps and bounds. Owing to the ductility, high thermal and electrical conductivity, and recyclability of copper is a preferred material for many applications.
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Additionally, factors such as technological developments, discovery of new deposits, and copper's characteristics such as fabrication efficiency and easy reuse has been a consistent driver of growth of the global copper market.
However, price fluctuations in energy sources used in copper production may restrain the growth of the market.
North America and South America have been traditional copper production powerhouses. In the coming years, however, developing regions such as Asia Pacific will account majorly for the growth of the market. This is attributed to growing industrial activities, predominantly in India and China, which will offer immense opportunities to the copper market.
Major Companies in the Global Copper Market
Anglo American PLC, First Quantum Minerals Ltd., Jiangxi Copper Company Limited, Rio Tinto Group, Codelco, The Furukawa Electric Co., and Nippon Mining & Metals Co. are the major players in the global copper market.
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About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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