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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