Copper Cathode Market By Application (Electrical & Electronics, Construction, Automotive, Industrial Machinery, Consumer Goods, Renewable Energy Systems, Others [e.g., Transportation, Marine]); By End-Use Industry (Power Generation, Building & Construction, Electrical & Electronics Manufacturing, Automotive & Transportation, Industrial Equipment, Consumer Durables, Others [e.g., Infrastructure, Healthcare]); By Production Method (Electro-Refining, Electro-Winning, Others [e.g., Fire Refining]); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The Copper Cathode Market in 2023 was worth USD 26.5 billion and is expected to be worth USD 41.2 billion by 2030, expanding at a CAGR of 6% during the forecast period.

 

The copper cathode market is expected to be driven by the demand for copper in the electrical and electronics industries, which constitute about 60% of the global market. Increasing use of renewable power, electric vehicles, and growing telecommunication infrastructure required high-quality copper cathodes. For instance, the global electric vehicles market is likely to increase with a growth rate of over 30% annually, and electric vehicle requires about 83 kg of copper each per vehicle for battery and wiring needs, which will fuel the demand for copper cathode. Some recent work includes enhancing copper cathode output to meet demand in the renewable energy sector, including solar power and wind power, due to their wiring needs where copper is fundamental, strengthening the market even further.

 

A major opportunity in the copper cathode market lies in the global transition toward renewable energy and the electrification of transportation.  Depending on the Facts & Analysis, the global renewable power capacity is to double between 2020 and 2030, and thus, this shall lead to the enhanced use of copper in wind turbines, solar panels, and grids. For instance, a wind power unit of 2MW can use up to 5 tons of copper. As governments and industries afford mega wind farm systems, the use of copper cathode in producing electrical parts will consequently increase. Also, the growth in electric vehicle (EV) related facilities like charging points is one of the factors in enhancing the demand. There is an immense chance for producers of copper cathode to meet this market since governments around the world are encouraging the development of the green economy, especially in the expansion of renewable energy and the charging stations of electric vehicles.

 

 

Market Segmentation

By Application:

• Electrical & Electronics

• Construction

• Automotive

• Industrial Machinery

• Consumer Goods

• Renewable Energy Systems

• Others (e.g., Transportation, Marine)

 

By End-Use Industry:

• Power Generation

• Building & Construction

• Electrical & Electronics Manufacturing

• Automotive & Transportation

• Industrial Equipment

• Consumer Durables

• Others (e.g., Infrastructure, Healthcare)

 

By Production Method:

• Electro-Refining

• Electro-Winning

• Others (e.g., Fire Refining)

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

The Asia-Pacific region mainly leads the copper cathode market due to increased industrialization, urbanization, and an ever-growing electrical and electronics production industry. China is the largest consumer of copper and contributes more than 50% to the overall demand globally, fuelled by large infrastructural developments, renewable power systems, and electronics products. Strengthening efforts to shift to renewable energy sources and achieving 1,200GW of wind & solar power capacity by 2030 has enhanced demand for copper cathode across electrical parts and wire harnesses. Furthermore, with increasing electrical vehicle manufacturing in emerging economies such as China and India, the overall copper utilization in the sector, including batteries, motors, and charging equipment, has improved. These are new copper smelting refineries factories to meet this growing demand, making Asia Pacific the largest market for copper cathode.

 

Key Players

• Jiangxi Copper Corporation

• Kennecott Utah Copper

• Texas Instruments Incorporated

• Semtech

• RS Components Ltd

• Aurubis

• Texas Instruments Incorporated

• Daye Non-Ferrous Metals Co.

• Sumitomo Metals Mining

• Birla Group Hindalco

• ROHM CO. LTD.

 

Copper Cathode Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 26.5 billion
Revenue Forecast in 2030	USD 41.2 billion
Overall Growth Rate	CAGR of 6%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 – 2030)
Segmentation	By Application, By End-Use Industry, By Production Method, By Region
By Application	Electrical & Electronics, Construction, Automotive, Industrial Machinery, Consumer Goods, Renewable Energy Systems, Others
By End-Use Industry	Power Generation, Building & Construction, Electrical & Electronics, Automotive, Industrial Equipment, Consumer Durables
By Production Method	Electro-Refining, Electro-Winning, Others
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.