Copper Cathode Market

Copper Cathode Market Size (2024-2029):

The Global Copper Cathode Market was worth US$ 24.96 billion in 2023 and is anticipated to reach a valuation of US$ 36.62 billion by 2029 and it is predicted to register a CAGR of 6.60% during the forecast period 2024-2029.

Market Overview:

The principal input raw material for the production of copper rods for the cable and wire sector is the copper cathode. Copper has also been used to make copper tubes, brass, and copper sheet items, and it may be found in over 450 alloys. It is the major raw material used in the production of copper rods, which are used in a variety of industries. Copper is a metal with great electrical conductivity. Copper cathodes are made via precipitating copper on metal matrices using safe electrolytic refining methods.

Copper cathode is made via the refining process, which helps remove impurities from copper ore. The Copper Cathode Market can be divided into two types of refining processes: smelting and electro-refining. Smelting is a type of refining procedure for obtaining copper in the purest form from its ore. To achieve pure copper cathode, it employs heat and chemical reducing agents to decompose copper ore, and remove undesirable slag, and other materials. Electro refining is a technique that involves extracting a pure form of copper cathode from copper ore in the presence of an aqueous solution. Mostly the copper cathode is produced via electro-refining. The majority of the copper cathode is produced using electro-refining. The copper cathode is used in the electro-refining process to remove the remaining impurities in the copper ore.

Copper ore contains gold, silver, nickel, and other impurities. The copper cathode has various advantages, including being a good conductor of electricity. It has excellent resisting properties. The refined copper cathodes are suitable for products that do not require a high level of conductivity and are simple to install. For the development and cost reduction of electro-refining copper cathode, new ideas, and developments are emerging. The smelting and electro-refining operations of copper cathode were successful in recovering valuable impurities from copper ore, such as gold, silver, and nickel.

Market Drivers:

Advances in refining technology and the availability of high-grade cathode standards, together with tight criteria for cast rods, are driving the expansion. Additionally, improved cathode sampling and analytical methodologies required for specification compliance confirmation contribute to global copper cathode market growth. The study on the global copper cathode market provides a comprehensive analysis of the industry. A significant market trend is developing technological developments in the production process around the world. Copper cathodes increasing use in a variety of applications is fueling market expansion.

Market Restraints:

Copper Cathode Market restraints include its poor resistance properties and common acids, as well as its low tensile strength. Due to a shortage of skilled personnel in the production process, the rising market encountered significant obstacles.

The shortage of skilled people has been hitting the global copper cathode market to deprive. As covid-19 emerged and a lot of people are now into different streams, the copper cathode market is facing the problem of having excellent people working for the product.

COPPER CATHODE MARKET REPORT COVERAGE:

Market Segmentation:

Copper Cathode Market - By Type:

• Standard Quality Level
• High-Quality Level

Based on the type, in the global copper cathode market, the high-quality level is anticipated to be leading the segment in the upcoming years, both hot and cold, high-quality copper is very easy to work. It has good ductility, which means it can be easily pulled to fine wire diameters, and it comes in a variety of fabricated shapes. ETP copper has a minimum copper content of 99.90 percent, with oxygen as the primary secondary element.

There are various highly refined copper grades available that are nearly free of oxygen and other impurities. These are the so-called high-quality coppers that are oxygen-free. This intends to increase the market

Copper Cathode Market - By Application:

• Conductor
• Electronic Products
• Other

Based on application, in the global copper cathode market, electronic products are anticipated to grow in the upcoming years. Electronic products use copper in almost every part so to speak the wires in the electronic products. Furthermore, copper cathodes are used in many industries that are manufacturing electronic products. Hence, electronic products are booming the market based on application.

Market Regional Analysis: 

The Global Copper Cathode Market Report includes the segmentation of regions:

• North America 
• Europe 
• Asia Pacific 
• Latin America
• Middle East and Africa 

Due to rising urbanization and industrialization, Asia-Pacific countries such as China, India, Japan, and Australia dominate the Copper Cathode Market.

As the US government prepares to rebuild and enhance its existing infrastructure, demand for the copper cathode is likely to surge in North America.

Due to the growth of efficient and cost-effective smart cities and industrial sectors, copper cathode demand is rapidly increasing in European countries such as the United Kingdom, Germany, and France.

Due to rapid and continuous industrialization, demand for copper cathode is expected to rise in Latin American countries such as Mexico and Argentina.

Impact of COVID-19 Copper Cathode Market:

COVID-19 has had a detrimental influence on economies and companies in a number of countries due to lockdowns, travel bans, and commercial shutdowns. The closure of a number of plants and factories has had a significant impact on global supply chains, disrupting manufacturing, delivery schedules, and product sales on a global scale. The COVID-19 epidemic has not helped the global copper cathode market, where there was less labor to work for and this has affected the industries. The effect of lockdowns and industries having to close their plants and had to leave work just as it was, affected the market growth. And due to travel bans, there was no import and export from other nations.

Market Key Players:

1. Kennecott Utah Copper
2. Jiangxi Copper Corporation
3. Daye Non-Ferrous Metals Co.
4. Birla Group Hindalco
5. Sumitomo Metals Mining. 
6. ROHM CO., LTD
7. RS Components Ltd
8. Semiconductor Components Industries, LLC
9. Semtech
10. STMicroelectronics
11. Texas Instruments Incorporated

Market Recent Developments:

• 04 November 2021: Hindalco Industries Ltd, Aditya Birla Group's metals flagship company, is set to buy a 100 percent share in Ryker Base Pvt. Ltd, a wholly-owned subsidiary of Polycab India Ltd., according to reports. Renuka Investments and Finance Ltd, Hindalco wholly owned subsidiary, will make the purchase. The purchase of the equity portion will be based on a 323, crore enterprise value.
• 27 May 2021: For 150V GaN HEMT devices, ROHM created the industry's highest (8V) gate breakdown voltage (rated gate-source voltage) technology, which is ideal for power supply circuits in industrial and communication equipment. This makes it simple to replace existing silicon devices and to handle them during the installation procedure. Furthermore, when designing circuits for high-frequency operation, the copper clip junction packaging technique reduces parasitic inductance by 55% compared to standard packages, enhancing device performance.