Global Copper Market
Global Copper Market Size Expanding to Surpass USD 357 Billion by 2032
Published | 04 February 2026
Global Copper Market is flourishing primarily due to a surging demand from rapidly growing AI, datacenter, electric vehicles (EVs), solar photovoltaic (PVs), and energy storage system (ESS) industries driven by the metal’s highest electrical and thermal conductivity.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Copper Market size by value at USD 253.48 billion in 2025. During the forecast period between 2026 and 2032, BlueWeave expects Global Copper Market size to boom at a CAGR of 5.03%, reaching a value of USD 357.43 billion by 2032. The expansion of Global Copper Market size is propelled by robust demand for industrial applications. Industrial applications, including solar energy, electric vehicles (EVs), and consumer electronics, are major growth drivers for Global Copper Market. Solar energy is the major end use industry of copper. In 2025, the global solar photovoltaics (solar PVs) market size by value was estimated at approximately USD 370 billion and is expected to grow at a robust CAGR of more than 10% to touch the value of about USD 610 billion by 2030. The Copper consumption by solar energy is expected to rise as there is an increasing shift to the highly efficient solar cell technologies. Increasing use of copper by the rapidly growing EV and consumer electronics industries in sensors, wiring, 5G technology, and AI infrastructure is also driving Global Copper Market.
Opportunity – Rapid Adoption of Renewable Energy & Digital Infrastructure
Major suppliers of copper are expected to record strong profit margin due to the critical supply-demand gap. The world’s robust transition from fossil fueled-traditional energy to clean energy including solar and wind is driving the demand for copper across the regions. Copper is the critical component in solar photovoltaic (PV) panels, especially the robust shift to highly efficient solar cells and wind turbines, electric vehicles (EVs) and consumer electronics. As a result, the increase in copper and silver prices were faster than that of gold price increase in during 2025. Recently, prices of copper have surged to touch USD 14,000 per ton. It was driven by the disruptions in the global supply chain and strong demand from end user industries. Hence, major suppliers in Global Copper Market could witness significant growth opportunities in the coming years.
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Global Copper Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Anglo American plc, Antofagasta PLC, BHP Group Limited, Codelco, Freeport-McMoRan, Glencore plc, Jiangxi Copper Corporation, KGHM Polska Miedź S.A., Southern Copper Corporation, and Zijin Mining Group Co Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Copper Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Copper Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Copper Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Scope of the Report
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Attributes |
Details |
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Years Considered |
Historical Data – 2019–2025 |
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Base Year – 2025 |
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Estimated Year – 2026 |
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Forecast Period – 2026–2032 |
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Facts Covered |
Revenue in USD Billion |
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Market Coverage |
North America (United States, Canada), Europe (Germany, United Kingdom, Italy, France, Spain, The Netherlands, Belgium, Russia, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East and Africa (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Egypt, Kenya, Algeria, Turkey, Rest of Middle East and Africa) |
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Product/ Service Segmentation |
Source, Product Type, End Use Industry, Region |
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Key Players |
Anglo American plc, Antofagasta PLC, BHP Group Limited, Codelco, Freeport-McMoRan, Glencore plc, Jiangxi Copper Corporation, KGHM Polska Miedź S.A., Southern Copper Corporation, Zijin Mining Group Co Ltd |
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Publish Date: February 2026
A surging demand for copper and copper products from thriving electric vehicles (EVs), solar photovoltaics (PVs), energy storage system (ESS), datacenters, and building & construction industries is expected to boost the growth of Global Copper Market during the forecast period between 2026 and 2032.
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