The global electrolytic copper market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of XX% during, 2023–2031. The growth of the market is attributed to the growing demand for explosion-proof equipment and devices across various industries.
Electrolytic copper is an oxygen free or pure form of copper, which is widely being used for industrial applications, as it is superior in electric conductivity. It is utilized for both low and high-power applications. It provides exceptional tensile strength and increased elongation characteristics.
This copper is refined by electrolytic deposition, in which electricity is used to refine impure metals. In this process, a high-grade copper is break down in an acid and forms a copper electrolyte solution. This solution is then pumped into electrically charged rotating drums to form a thin film.
The market report finds that the COVID-19 pandemic adversely affected the market. The market growth decreased to a certain level, owing to the reduction in the demand from various industries. This reduction was due to the lack of timely supply of product delivery, owing to the restrictions on import and export activities during the pandemic.
Electrolytic Copper Market Dynamics
Major Drivers
Growing demand from electrical & electronics industry is expected to boost the market in the coming years. Electrolytic copper is extraordinarily ductile and malleable as it possesses high electrical conductivity, which makes it suitable for various electrical & electronics appliances such as wiring, connectors, and switches.
Existing Restraints
Copper wire has the ability to carry current in case the electrical insulation is damaged, which hinders the market. As copper is a good conductor of electricity, which means that it can carry an electrical current through the metal if the insulation of wire is damage, which can be dangerous. Moreover, emergence of super conductors and the availability of semiconductors restraints the market growth to a certain limit.
Scope of Electrolytic Copper Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Electrolytic Copper Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Below 10 um, 10-20 um, 20-50 um, and Above 50 um), Application (Lithium-Ion Batteries, Flexible Connectors, Printed Circuit Boards, Electric Wires, and Others), and End-user (Construction, Electric Power, Automotive, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M; FURUKAWA ELECTRIC CO., LTD.; Jinbao Electronics; JX Nippon Mining & Metals Corporation; MITSUI MINING & SMELTING CO.,LTD.; Olin Brass; and Tongling Nonferrous Metals Group Holdings Co., Ltd.
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Electrolytic Copper Market Segment Insights
On the basis of type, the electrolytic copper market is segregated into below 10 um, 10-20 um, 20-50 um, and above 50 um. The 10-20 um segment is anticipated to register a robust growth rate during the assessment period, as it uses less energy to produce, which saves energy during the production. This type of copper can be reuse for the production of nano chips.
Based on application, the market is divided into lithium-ion batteries, flexible connectors, printed circuit boards, electric wires, and others. The lithium-ion batteries segment is projected to expand at a significant growth rate in the coming years, due to the rising acceptance of smart devices. Electrolytic copper is widely used in Li-ion batteries, as it employed as negative electrode current collectors, which makes it suitable for portable energy equipment such as cell phones, tablets, laptops, and other consumer electronics.
On the basis of end-user, the market is segmented into construction, electric power, automotive, and others. The construction segment is projected to grow at a high CAGR during the projection period, owing to the rising usage in electrical applications such as fire protection systems, lighting, HVAC, power distribution and protection systems, and building automation systems.
In terms of region, the global electrolytic copper market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, due to the rising demand for consumer electronics and industrial machinery, coupled with rising construction activities in emerging economies such as India and China.
Segments
The global electrolytic copper market has been segmented on the basis of
Type
- Below 10 um
- 10-20 um
- 20-50 um
- Above 50 um
Application
- Lithium-Ion Batteries
- Flexible Connectors
- Printed Circuit Boards
- Electric Wires
- Others
End-user
- Construction
- Electric Power
- Automotive
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global electrolytic copper market are 3M; FURUKAWA ELECTRIC CO., LTD.; Jinbao Electronics; JX Nippon Mining & Metals Corporation; MITSUI MINING & SMELTING CO.,LTD.; Olin Brass; and Tongling Nonferrous Metals Group Holdings Co., Ltd.
Some of these major companies adopted development strategies including mergers, partnerships, acquisitions, collaboration, product launches, and production expansion to boost global presence. For instance,
- On April 3, 2023, MITSUI MINING & SMELTING CO., LTD. launched a new website to recruit co-manufacturer partners for the development of new applications for its copper foil division.
- On April 11, 2022, JX Nippon Mining & Metals Corporation announced that its 100% owned German-based subsidiary, JX Metal Circular Solutions Europe GmbH (JXCSE) successfully arranged to structure a "Green Loan" for recycling Lithium-ion Batteries with Mizuho Bank, Ltd. This project considers as the first Green Loan project in non-ferrous metals industry in Japan.