Low-Carbon Copper Market to Grow at 7.21% CAGR through 2029
Growing environmental concerns and rise in regulatory
mandates and policy support is expected to drive the Global Low-Carbon Copper Market
growth in the forecast period, 2025-2029.
According to TechSci Research report, “Low-Carbon
Copper Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2019-2029F”, the Global Low-Carbon Copper Market stood
at USD 170.41 Billion in 2023 and is anticipated to project steady growth in
the forecast period with a CAGR of 7.21%
through 2029. The Global Low-Carbon Copper Market is witnessing
significant growth driven by a combination of factors ranging from
environmental concerns to regulatory mandates and technological advancements.
With industries increasingly prioritizing sustainability, the demand for
low-carbon alternatives in the copper sector has surged.
The rise of
corporate sustainability commitments and ESG investing is fundamentally
reshaping the business landscape, with profound implications for the Global
Low-Carbon Copper Market. As companies recognize the importance of
environmental stewardship and social responsibility, they are increasingly
integrating sustainability into their core business strategies. This shift is
driven by a combination of factors, including regulatory pressures, consumer
preferences, and investor demands for greater transparency and accountability. By prioritizing sustainability, companies are actively
seeking out suppliers and materials with lower environmental footprints, such
as low-carbon copper. Incorporating low-carbon copper into their supply chains
allows companies to demonstrate their commitment to reducing carbon emissions
and advancing sustainability goals. the use of low-carbon copper
enables companies to align with environmentally conscious partners and attract
environmentally aware consumers, thereby driving demand for sustainable
products and materials.
In addition, the growing emphasis on ESG investing is
amplifying the importance of environmental considerations in investment
decisions. Investors are increasingly scrutinizing companies' environmental
practices and performance, incorporating sustainability criteria into their
investment analysis. Companies that prioritize sustainability, including the
adoption of low-carbon copper, stand to benefit from improved access to capital
and enhanced market competitiveness. As investors allocate capital to companies
with strong ESG performance, there is a clear financial incentive for
businesses to integrate sustainability into their operations. Looking ahead,
this trend is expected to continue driving growth in the Global Low-Carbon
Copper Market as companies respond to the evolving expectations of investors,
consumers, and other stakeholders. By embracing sustainability and
incorporating low-carbon practices, companies can not only mitigate risks
associated with environmental challenges but also seize opportunities for
long-term value creation in an increasingly sustainability-focused world. As
the momentum towards sustainability continues to build, the Global Low-Carbon
Copper Market is poised to play a pivotal role in driving positive
environmental impacts and advancing the transition to a more sustainable
future.
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The Global Low-Carbon Copper Market is segmented into
technology, product, end use, regional distribution, and company.
Based on End-Use, the Power
Generation and Distribution segment is anticipated to emerge as the dominant
segment in the Global Low-Carbon Copper Market. This dominance is attributed to
several key factors driving the demand for low-carbon copper in the power
sector. One significant factor is the global transition towards renewable
energy sources such as wind, solar, and hydroelectric power. As countries
worldwide strive to reduce their reliance on fossil fuels and mitigate climate
change, the demand for renewable energy infrastructure is on the rise. Copper
plays a crucial role in power generation and distribution systems, including
wind turbines, solar panels, and electrical grids, due to its excellent
conductivity and durability. Low-carbon copper is particularly well-suited for
renewable energy applications as it aligns with sustainability goals by
minimizing carbon emissions associated with electricity generation.
Investments in grid modernization and electrification
initiatives further drive the demand for copper in power distribution networks.
As countries upgrade their aging infrastructure and expand their electricity
grids to accommodate growing energy demand, the need for high-quality,
low-carbon copper products increases. The ongoing electrification of
transportation, including the shift towards electric vehicles (EVs), is
expected to bolster demand for low-carbon copper in the power sector. EV
charging infrastructure, battery storage systems, and electric vehicle
components all rely on copper for efficient energy transmission and storage.
Based on region, Asia-Pacific emerged as the
fastest-growing region in the forecast period for the Global Low-Carbon Copper
Market. The Asia-Pacific region is experiencing rapid industrialization and
urbanization, driving demand for copper across various sectors, including
construction, manufacturing, and infrastructure development. As countries in
the region continue to invest in modernizing their infrastructure and expanding
their economies, the need for copper for electrical wiring, plumbing, and other
applications is expected to increase significantly. Asia-Pacific region is home
to some of the world's largest renewable energy markets, including China,
India, and Japan. These countries have ambitious targets for expanding their
renewable energy capacity, particularly in wind and solar power. Copper is essential
for the transmission and distribution of electricity in renewable energy
systems, making it a crucial component of Asia-Pacific's transition to cleaner
and more sustainable energy sources.
Major companies operating in Global Low-Carbon
Copper Market are:
- Elcowire
Group AB
- Boliden
Group
- ABB
Ltd
- FEECO
International, Inc.
- Antofagasta
plc.
- Ivanhoe
Mines Ltd.
- LS
MnM
- JX
Advanced Metals Corporation
- Dahrén
Group
- Glencore
plc
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“Collaboration and partnerships within the copper
value chain are pivotal for catalyzing innovation and advancing the scale of
low-carbon copper production. This concerted effort involves diverse industry
stakeholders—mining firms, smelters, manufacturers, and research
entities—joining forces to pioneer sustainable practices across the supply
continuum. Through collaborative ventures, knowledge exchange, resource
pooling, and dissemination of best practices, these alliances expedite the
integration of low-carbon technologies, propelling the shift toward a more
sustainable copper sector. Engagement with governmental bodies,
non-governmental organizations, and sustainability initiatives cultivates a
supportive ecosystem for the Global Low-Carbon Copper Market. By aligning
efforts and forging partnerships with these external entities, the industry
fosters a conducive environment for collective action aimed at achieving shared
sustainability objectives. These collaborations not only enhance operational
efficiency and environmental stewardship but also bolster the industry's
resilience and competitiveness in a rapidly evolving global landscape
characterized by increasing emphasis on sustainability and carbon mitigation”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Low-Carbon Copper Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Pyrometallurgy, Hydrometallurgy), By Product Type (Recycled Low-Carbon Copper, Virgin Low-Carbon Copper), By End-Use (Power Generation and Distribution, Building and Construction, Consumer Electronics, Automotive, Others),By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global
Low-Carbon Copper Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Low-Carbon
Copper Market.
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