Copper Market Rapid Transition toward Electric Vehicles from Vehicles with Internal Combustion Engines
In terms of revenue, the global copper market is projected to expand at a CAGR of 4.6% from 2018 to 2026, according to a new research report titled ‘ Copper Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 ’ by Transparency Market Research (TMR). According to the report, the global copper market is expected to reach 32,932.1 kilo tons, in terms of volume, by 2026. The global copper market is driven by growth of automotive and construction industries across the world. The copper market in Asia Pacific is estimated to expand at a CAGR of 4.8% during the forecast period, owing to presence of a large number of manufacturers of copper in the region. Among types, the primary copper segment held a significant share of the global copper market in 2017. However, secondary copper was the most rapidly expanding segment in the year and the same trend is projected to continue throughout the forecast period. Rise in demand for copper-based e...