Copper is one of the metals which can occur in nature in a native form or directly usable metallic form. According to BlueQuark Research & Consulting, the global copper market is expected to witness a significant growth rate during the forecast period. Factors such as the accumulating demand from the electrical and electronics segment are expected to drive the electronic market in the forecasted period. Further, the growing demand for electric vehicles is expected to drive the global copper market in the forecasted period. However, the volatility and inflation in the copper price of raw materials are imposing significant issues on the market's growth. Further, the availability of raw materials at one specific location also demeans the development of the global market in the forecasted period.

Copper is used in several applications, including electrical power, electronics, energy, transportation, machinery, petrochemicals, metallurgy, and some high-tech fields.

The electronics and electrical industry are awaited to propel the market due to its properties like good electrical conductivity, corrosion resistance, high flexibility, excellent thermal conductivity, recyclability, and non-magnetic nature. Further, several companies have shifted to copper by replacing aluminum in producing various internal parts for high-speed computers, telecommunication applications, home appliances, etc. Therefore, the growth of this fragment in developing economies has recently increased the copper demand. Copper is being utilized for many applications due to its characteristics. Electronic applications are wires and cables, transformers, motors, electromagnets, switches, dynamos, communication cables, residential electrical circuits, etc. Recently, the growth of electric vehicles surged the demand for copper. Foils, stators, rotors, shaft heads, hollow wires, and motors are used in electrical vehicles consisting of heavy Copper. Copper is a primary element of superconductors that makes all high-end electronics possible. It possesses zero resistance to electricity. Copper has superior electrical or thermal conductivity than silver, making Copper essential in electrical manufacturing. This includes electromagnets, heat sinks, electrical wiring, heating elements, semiconductors, microchips and welding electrodes. Growth in the demand for new technological products is predicted to help market expansion in the future.

Asia-Pacific region is expected to be the biggest market for global Copper due to the high copper consumption from power generation sectors and the increasing electrical and electronics industry in the area. Further, countries like Japan, China, and South Korea have been investing in technology development, including supercomputers, robots, high-power generation units, electric vehicles, and communication devices. The growth and development of the buildings and construction industry have encouraged the demand for copper, which has a significant reason for the direct and indirect growth of the copper market. In other words, the growing number of renovation and remodeling activities, increasing rate of urbanization and increasing infrastructural development of backward and rural areas are directly influencing the market growth rate. Copper is the oldest known metal still used in the construction sector. The unique combination of Copper's physical properties, corrosion resistance, durability, flexibility, conductivity, and strength make it suitable for almost any construction project. Copper is an essential mineral that consumers take into the body when they eat some types of seafood, nuts, veggies, fruit, and other foods. Copper is a necessary mineral for growth and overall health. Copper plays an integral part in the body's organs and systems which helps to make red blood cells, keep nerve cells healthy, and keep your immune system and others. The rising demand in the electronic sector is expected to drive the copper market. Copper's attachment to the gross domestic product in both developing and advanced nations has increased its influence overall in the globe. Drilling, operable Copper and its transmutation into the concocted mineral form an assortment of commodities that have formulated a comprehensive amount of employment. The necessity of copper for plugs, composing valves, pipes, and fixtures has extended germination in this market. Furthermore, the burgeoning command for copper is expected to coincide with tunneling technology, and developing the novel copper resource is anticipated to create beneficial market growth opportunities. 

The global copper market was observed to be partially segmented. Major key players in the market were found to be BHP, Aurubis AG, Glencore, KGHM, and Codelco.

In July 2020, Rudra Copper Limited of Chingola reported to investment of USD 41 million in the manufacturing of Copper from the slag commonly referred to as the 'Black Mountain' into Copper and cobalt. Further, in December 2019, China's copper producer Jiangxi Copper (JCC) signed an agreement for USD 1.1 billion to acquire the whole equity interest in PIM Cupric Holdings (PCH) from Canadian investment company Pangaea Investment Management (PIM).

In May 2021, Glencore reported its plans to restart its operations at the cobalt mine and Mutanda copper in 2022. The continued operations from Mutanda could help the company ease the shortages in the cobalt and copper markets, which are potentially capping further copper prices gains.

In November 2021, Aurubis AG further stretched its activities in recycling metal-bearing materials globally. It initiated the construction of a multimetal recycling plant in the US. Copper cable, Circuit boards, and other recycling materials covering metals will be processed into 35,000 tons of blister copper annually.

The global Copper Market report provides deep insight into the current and future state of the Copper market across various regions. The study comprehensively analyzes the Copper market by segmenting based on geography, Type (Primary Copper and Secondary Copper), by End-user Industry (Electrical and Electronics, Construction, Automotive and Heavy Equipment, Industrial, and Other End-user Industries). The report examines the market drivers and restraints along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.