According to the study on the USA and Canada copper market, Future Market Insights (FMI) opines demand for copper is expected to reach US$ 32,773.0 million by 2032. Sales of copper in both countries are expected to surge at a CAGR of 5.1% from 2022 to 2032.

Demand for copper from energy transition end markets is expected to surge at a robust pace due to ‘Net-Zero’ emission policies by 2050. Demand from non-energy markets such as electrical & electronics, building & construction, and data processing is also anticipated to expand during the projected period.

Copper is a widely used commercial metal that is extensively adopted all over the world due to its mechanical and structural properties. It also has excellent thermal and electrical conductivity. Copper can resist corrosion owing to its high malleability and ductility, making it easy to shape and manufacture.

Building and construction is set to be one of the most prominent industries for copper, followed by electrical and electronic products. High demand for electronic appliances is expected to boost demand for copper.

“Increasing demand for electric vehicles in the USA and Canada is estimated to drive copper demand in the next ten years. Copper is set to be extensively used in batteries and wirings of electric vehicles owing to their excellent electrical and thermal conductivity,” says a lead analyst at Future Market Insights.

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Competitive Landscape: USA and Canada Copper Market

The market for copper in the USA and Canada is estimated to be highly consolidated, where key players are expected to account for a prominent share. Few of the top manufacturers include Electric Materials Company, Modison Metals Limited, Mitsubishi Materials Corporation, Mehta Tubes Ltd, Krishna Engineering Industries, Anglo American plc, Concast Metal Product Co., Saru Copper Alloy Semis Pvt. Ltd, KME Germany GmbH, Glencore plc, Sipi Metals Corp., Belmont Metals Inc., Mueller Industries, Inc., and Finkelstein Metals USA among others.

USA and Canada Copper Market Outlook by Category

By End-use Industry:

  • Building and Construction
  • Electrical and Electronic Products
  • Transportation
  • Consumer and General Products
  • Industrial Machinery and Equipment

By Country:

  • The USA
  • Canada

Get More Insights into the USA and Canada Copper Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the USA and Canada copper market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032.

To understand the USA and Canada market potential, growth, and scope, the market is segmented based on end-use industry (building & construction, electrical & electronics products, transportation, consumer & general products, industrial machinery & equipment) & country.

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