Market Size of China Copper Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 12.19 Million tons |
| Market Volume (2029) | 16.02 Million tons |
| CAGR (2024 - 2029) | 5.62 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Copper Market Analysis
The China Copper Market size is estimated at 12.19 Million tons in 2024, and is expected to reach 16.02 Million tons by 2029, growing at a CAGR of 5.62% during the forecast period (2024-2029).
Due to the COVID-19 outbreak in 2020, copper demand in China witnessed a significant drop with a slowdown in the construction and automotive industry. However, its demand from the major segment, electrical and electronics remained firm owing to a substantial rise in the demand for electronic devices from all around the world. However, the electronics industry experienced a shortage in the supply of semiconductors. Copper demand rebounded in 2021, following the economic recovery in line with the easing restriction imposed to curb the spread of COVID-19.
- Strong demand driving the production of electronic products has been one of the major drivers for the copper market in China.
- On the flip side, stringent regulations over mining activities in China have been restricting the market growth.
- High usage of copper in electric motors, batteries, wiring, and inverters of electric vehicles, as well as in EV charging stations owing to its compatible properties, is likely to act as an opportunity for the studied market.
- In China, the strong demand for copper, projected from the construction industry on the back of supportive government policies, is expected to positively impact the studied market in the coming years.
China Copper Industry Segmentation
Copper, a reddish-brown colored metal, is primarily known for its good electrical conductivity, excellent thermal conductivity, corrosion resistance, high ductility, recyclability, and non-magnetic nature. The compatible properties of copper make it a primary metal for cables and wiring in the electrical and electronics industry.
The China copper market is segmented by end-user industry (automotive and heavy equipment, construction, electrical and electronics, industrial, and other end-user industries (Consumer Products, Medical Devices, etc.). The report covers the market size and forecast for the studied market in terms of volume (tons).
| End-user Industry | |
| Automotive and Heavy Equipment | |
| Construction | |
| Electrical and Electronics | |
| Industrial | |
| Other End-user Industries (Consumer Products, Medical Devices, etc.) |
China Copper Market Size Summary
The China copper market is poised for significant growth over the forecast period, driven by robust demand from the electronics and construction sectors. The electronics industry, a major consumer of copper, continues to thrive due to China's position as the largest global electronics production base. The demand for copper is bolstered by its essential role in manufacturing electronic devices, despite challenges such as semiconductor shortages. Additionally, the construction sector in China is experiencing a mega-boom, supported by government policies and infrastructure projects outlined in the 14th Five-Year Plan. This plan emphasizes new infrastructure developments and sustainable construction practices, which are expected to increase the demand for copper in various applications, such as wiring and cladding.
The market landscape is characterized by a consolidated structure with key players like Zijin Mining Group Co., Ltd., Jiangxi Copper Corporation, and China Aluminum Corporation (CHALCO) leading the industry. These companies are actively engaging in strategic partnerships and acquisitions to enhance their copper resources and sustainability practices. Despite regulatory challenges in mining activities, the high usage of copper in electric vehicles and related infrastructure presents significant opportunities for market expansion. Overall, the interplay of strong demand from electronics and construction, coupled with strategic industry movements, positions the China copper market for continued growth and development.
China Copper Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Growing Demand from Electronics Industry
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1.1.2 Increasing Investments in Construction Industry
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1.1.3 Other Drivers
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1.2 Market Restraints
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1.2.1 Stringent Regulations on Mining
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 End-user Industry
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2.1.1 Automotive and Heavy Equipment
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2.1.2 Construction
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2.1.3 Electrical and Electronics
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2.1.4 Industrial
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2.1.5 Other End-user Industries (Consumer Products, Medical Devices, etc.)
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China Copper Market Size FAQs
How big is the China Copper Market?
The China Copper Market size is expected to reach 12.19 million tons in 2024 and grow at a CAGR of 5.62% to reach 16.02 million tons by 2029.
What is the current China Copper Market size?
In 2024, the China Copper Market size is expected to reach 12.19 million tons.
