Copper Market Size and Key Drivers Shaping the Industry

The global copper market is undergoing a transformative evolution, driven by the accelerating transition to clean energy, digitalization, and infrastructure modernization. Once regarded merely as an industrial commodity, copper has now taken center stage in the global shift toward sustainable technologies. According to recent data, the copper market is projected to grow from US$ 297.5 billion in 2025 to US$ 413.1 billion by 2032 , exhibiting a CAGR of 4.8% during the forecast period. This growth is underpinned by the increasing relevance of copper in applications ranging from electric vehicles (EVs) and renewable energy systems to smart grids and building infrastructure. As the world grapples with decarbonization goals and rising urbanization, copper's unmatched electrical conductivity, recyclability, and versatility are fueling its demand across both developed and emerging economies. Key Industry Trends Fueling the Copper Boom 1. Electrification and...