The global Copper Plate market stood at approximately 3.9 million tonnes in 2023 and is anticipated to grow at a CAGR of 5% during the forecast period until 2034.
Copper Plate exhibits versatility in its ability to be shaped into various forms and sizes, with sheet copper being the most prevalent. This form finds widespread use across numerous applications due to its enduring relevance, regardless of thickness. In welding fixtures, copper alloys excel in stabilizing geometries before welding, ensuring the final product's quality. Ground straps, essential for safeguarding systems from electrostatic discharge, benefit from copper's conductivity. Furthermore, in plumbing fittings and decorative elements, copper's corrosion resistance makes it ideal for flashing and roofing, although cost considerations may limit its use. Beyond its resistance to corrosion, copper boasts antibacterial properties, making it suitable for water purification systems. In power transmission, wear-resistant copper alloys are favored for sprockets and pulleys. Similarly, in heat exchangers, copper's high heat capacity makes it a preferred material. The automotive sector increasingly values copper's excellent electrical conductivity, particularly in electric and hybrid vehicles. In industrial applications, copper is prevalent in heat exchangers, machinery, and fermentation tanks. Moreover, copper's ubiquity extends to electronics, energy, petrochemical, transportation, and crafts industries, where its conductivity, corrosion resistance, and aesthetic appeal find diverse applications, making it an indispensable material across numerous sectors.
Another significant trend is the burgeoning utilization of copper plates in the automotive sector, spurred by the increasing shift towards electric vehicles. These vehicles rely heavily on copper for their motors and wiring systems, thus driving up the demand for copper plates. Additionally, the construction industry serves as a key driver for the copper plate market, with widespread usage in plumbing systems, roofing materials, and electrical wiring within buildings. With ongoing urbanization and infrastructural development, the construction sector is poised for growth, presenting further opportunities for the copper plate market to flourish. The global Copper Plate market is likely to reach approximately 6.7 million tonnes in 2034.
In terms of region, the Asia Pacific region holds a considerable portion of the global Copper Plate market. Firstly, the region is home to some of the world's largest economies, including China, India, and Japan, which are significant consumers of copper plates due to their extensive industrial activities and infrastructure development. Additionally, the Asia Pacific region boasts a thriving manufacturing sector, where copper plates find widespread use in various applications such as electrical equipment, automotive components, and construction materials. Moreover, rapid urbanization and population growth in countries across the region drive demand for copper plates in construction and infrastructure projects. Furthermore, the Asia Pacific region is witnessing increasing investments in renewable energy sources like solar and wind power, where copper plates are essential components, further boosting market demand. Additionally, the presence of established copper plate manufacturers and suppliers in countries like China contributes to the region's dominance in the global market.
Based on the end-use, the global Copper Plate market is segmented into Electrical & Electronics, Construction, Heating, Ventilation & Air Conditioning (HVAC), Automotive, and Others. Among these, the Electrical & Electronics industry is the major segment. This industry held about 45% of the global Copper Plate market in the year 2023.
Significant players in the Global Copper Plate market are Jiangxi Copper, Storm Power Components, Poongsan, MKM, GB Holding, CHALCO, Mitsubishi Materials, Furukawa Electric, Xingye Copper, CNMC, Valjaonica Bakra Sevojno, NBM Metals, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Copper Plate which covers production, demand and supply of Copper Plate market in the globe.
• To analyse and forecast the market size of Copper Plate
• To classify and forecast Global Copper Plate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Copper Plate market in the globe.
To extract data for Global Copper Plate market, primary research surveys were conducted with Copper Plate manufacturers, suppliers, distributors, wholesalers, and traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Copper Plate market over the coming years.
ChemAnalyst calculated Copper Plate demand across the globe by analyzing the volume of Copper Plate consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Copper Plate manufacturers and other stakeholders
• Organizations, forums and alliances related to Copper Plate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Copper Plate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Copper Plate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
3.9 million tonnes
Market size Volume in 2034
6.7 million tonnes
Growth Rate
CAGR of 5% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Electrical & Electronics, Construction, Heating, Ventilation & Air Conditioning (HVAC), Automotive, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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supply of the product in the market at a Global level.
What was the net market size of Copper Plate in terms of volume in 2023?
Ans:
The global market size of Copper Plate has reached approximately 3.9 million tonnes in 2023.
Q2.
Which region is one of the leading consumers of Copper Plate?
Ans:
The Asia Pacific region is one of the leading consumers of Copper Plate globally.
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