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Copper Cathode Market: By Type (Standard Quality Level, High Quality Level), By Refining Process Type (Smelting, Electro-Refining), By Application (Conductor, Electronic Products, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Report] Copper Cathode Market to surpass USD 44.5 billion by 2032 from USD 22.95 billion in 2022 at a CAGR of 6.20% throughout the forecast period 2022-32.
Copper Cathode is the main raw material used in the making of copper rod for wire and cable sector. The production of copper rods for the wire and cable sector and copper tubes for consumer durable goods are the two major application segments of copper cathodes. Brass, alloy steel, and bronze are among the alloys that are created using copper cathodes and are utilized in building, electrical machinery, defence, and appliance manufacturing. A type of copper that holds a purity of 99.95% is known as ‘copper cathode’. Copper ore passes through two processes, electro-refining and smelting, to remove impurities. Since it is a nearly pure metal, the resulting copper makes for a great conductor and is frequently used in wiring.
Copper Cathode Market to surpass USD 44.5 billion by 2032 from USD 22.95 billion in 2022 at a CAGR of 6.20% in the coming years, i.e., 2022-32. Stringent criteria for cast rods, the availability of high-grade cathode standards, and advancements in refining technology are majorly driving the global Copper Cathode Market. The use of copper cathodes as a feedstock for the production of high-purity copper and copper alloys is expected to significantly contribute to the growth of the global Copper Cathode Market.
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Copper Cathode Market is categorized on the basis of Type into Standard Quality Level and High Quality Level. In the coming years, it is projected that the high-quality level segment would dominate since high-grade copper is very simple to work with both cold and hot. It comes in multiple manufactured shapes and has exceptional ductility, making it much easier to pull to thin wire diameters. Oxygen is the principal secondary element in ETP copper, which has a minimum copper content of 99.90 percent.
Copper Cathode Market is categorized on the basis of Application into Conductor, Electronic Products, and Others. In the following years, it is projected that the Electronic Products will gain a significant share of the market. The wires in the electrical products, or nearly every part of them, are made of copper. Also, copper cathodes are used by numerous companies that produce electrical goods. Therefore, based on application, the electrical devices segment is expected to lead.
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Number of Ongoing Advancements and Innovations
The availability of high-grade cathode standards coupled with strict criteria for cast rods and improvements in refining technologies are the main drivers of the market growth. The development of the market is also aided by improved cathode sampling and analytical techniques required for verifying specification compliance. For the development and lowering of the cost of electro-refining copper cathode, new developments and improvements are being made. Copper cathode could be effectively smelted and electro-refined to recover valuable impurities like silver, gold, and nickel from copper ore.
Multiple Benefits of Copper Cathode and Growing Demand in the Developing Countries
There are multiple attractive advantages of copper cathode. For instance, it functions well as an electrical conductor. It has excellent resisting qualities. For products that don't require a high level of conductivity and are simple to install, refined copper cathode proves to be ideal. The development of efficient and cost-effective smart cities and industrial sectors, as well as the quick and continuous industrialization, are driving up demand for the copper cathode in emerging nations.
Poor Resistance of Copper Cathode to Common Acids, Abrasion, and Low Tensile Strength
Low tensile strength and poor resistance to common acids are restraints on the Copper Cathode Market. The electro-refining process needed to create copper cathodes requires a lot of investment. Due to its susceptibility to oxidation, it has a reduced life expectancy. Except silver and gold, the copper cathode has higher ductility characteristics than other alternative metals.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Copper Cathode Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Due to their fast industrialization and urbanization, nations in the Asia Pacific region like China, Japan, India, and Australia lead the Copper Cathode Market.
As the United States government seeks to renovate and expand its current infrastructure, there will likely be an increase in demand for the copper cathode in North America. The demand for copper cathode in European nations including the U.K., France, and Germany is rising quickly as a result of the expansion of building efficient and prosperous smart cities and industrial sectors. The rapid and ongoing development in Latin American nations like Argentina and Mexico is expected to enhance demand for copper cathode. Africa's Copper Cathode Market is expected to grow in the future as industrialization progresses.
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Due to lockdowns, business closures, and travel restrictions, the COVID-19 has had a negative impact on the economies and businesses of a number of nations. Global supply chains have been significantly impacted by the closure of a number of facilities and companies, which has disrupted global production, delivery schedules, and product sales. The COVID-19 epidemic did not help the global Copper Cathode Market since there were fewer workers available, which had an impact on several businesses. The market growth was hampered by lockdowns, which forced businesses to shut down their facilities and leave the work unfinished. Bans on travel also prevented import and export from other countries.
Copper Cathode is further segmented by region into:
Copper Cathode Segments:
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REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD billion |
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Revenue Forecast in 2032 |
USD billion |
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Growth Rate |
CAGR from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD million and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Type, Refining Process Type, Application, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Glencore Xstrata, Freeport McMoran, Texas Instruments Incorporated, BHP Billiton, ROHM CO. LTD, Jiangxi Copper Corporation, Kennecott Utah Copper, Daye Non-Ferrous Metals Co., Birla Group Hindalco, Sumitomo Metals Mining, Codelco, Aurubis, Tongling, Southern Copper, JX Holdings, and Other Prominent Players. |
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