Visiongain Reports Ltd has recently published a comprehensive report on the Rolled Copper Products Market for the period 2024-2034. The report provides detailed forecasts by alloy type, thickness, form, application, end-use industry, and regional market analysis. The global rolled copper products market was valued at US$24.87 billion in 2023 and is expected to grow at a CAGR of 5.7% during the forecast period.
One of the key drivers for the market is the expansion of the automotive industry, particularly in the production of electric vehicles and hybrid vehicles. The demand for copper wiring harnesses, battery components, and electric motors has increased, driving the demand for copper materials in automotive manufacturing. Additionally, the trend towards lightweight vehicle design promotes the use of copper alloys for their strength-to-weight ratio and corrosion resistance.
Another significant driver is the rise in consumer goods manufacturing. Rolled copper products are widely used in the production of kitchen appliances, air conditioning systems, and decorative items. Copper tubes and coils are commonly used in HVAC systems for their thermal conductivity and corrosion resistance properties, ensuring efficient heat transfer and durability. The demand for copper-based plumbing fixtures and fittings also remains steady due to the material’s antimicrobial properties.
However, the COVID-19 pandemic has had a significant negative impact on the rolled copper products market. The disruption of global supply chains, economic slowdown, and uncertainties have led to a decline in construction, infrastructure activities, and demand across various industries.
Despite the challenges, there are opportunities for growth in the market. The increased emphasis on hygiene and sanitation has led to a surge in demand for antimicrobial copper surfaces in healthcare facilities and public spaces. The report by Visiongain provides detailed insights and analysis to help industry stakeholders navigate through the challenges and opportunities in the rolled copper products market.
