The global copper concentrate market was valued at US$ 81 Billion in 2019 and is projected to reach US$ 93 Billion by 2027 expanding at a CAGR of 2.5% during the forecast period, 2020-2027. Copper concentrates are typically prepared by removing water from a copper solution High purity copper concentrate, having the smallest possible average grain size, is used for preparing pressed and bonded sputtering targets using processes such as physical vapor deposition (PVD), chemical vapor deposition (CVD), metal-organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), low-temperature organic evaporation, and thermal and electron beam (E Beam) evaporation.
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Market Dynamics:
The market is driven by factors such as growing awareness regarding the properties of copper, increasing production of copper-based alloys, and growing use of copper-based products for human health. However, availability of cheaper alternatives and implementation of taxes and strict regulation policies are key restraints of this market.
Segmental Outlook:
On the basis of type, the global copper concentrate market is bifurcated into pyrometallurgical and hydrometallurgy. The pyrometallurgical segment is estimated to hold a significant market share of the market during the forecast period due to its highly efficient outcomes and its ability to process at high temperature to provide high production rates therefore, the segment is anticipated to expand at a healthy CAGR of 2.5% during the forecast period. The hydrometallurgy segment is estimated to grow at sluggish pace, as this process has low recovery rate of the copper metal.
Based on applications, the global copper concentrate market is classified into electrical industry, mechanical industry, industrial machineries and equipment, military defense, and others. The electrical industry segment is projected to constitute half of the market by 2027 as a majority of the copper is used in the electrical applications such as building electrical wiring, computer chips, and power cables. The mechanical industry and industrial machineries & equipment segments are anticipated to expand at significant pace due to increasing demand for copper from these industries during the forecast period.
Regional Outlook:
In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a promising region for the market. It constituted more than half market in terms of share in 2019. The market in the region is projected to expand at a CAGR of 2.7% during the forecast period. The demand for copper concentrate is expected to rise due to the rapid growth in the construction, automotive, and appliance industries in the region. The market in North America is projected to expand at a CAGR of 2.6% due to the recent advances in the mechanical industry and the expected launches of new trains and aircraft during the forecast period.
Competitive Landscape:
Key players in the market include Anglo American, Glencore, Jiangxi Copper Corporation, and others These companies are considered as key manufacturers of copper concentrate based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the copper concentrate extraction is added in the company’s capacity.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the apple juice concentrate market include Ingredion Incorporated, Welch’s, H Products Company, Ve.Ba.
Cooperativa Ortofrutticola S.C., Louis Dreyfus Holding B.V., Döhler, Sonnländer, LemonConcentrate S.L., and Tree Top, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Apple Juice Concentrate Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/apple-juice-concentrate-market/download-sampleMarket DynamicsThe factors pushing the global apple juice concentrate market are rise in demand for products that are natural and plant-based, the convenience of use, and its growing popularity as a healthy replacement for carbonated soft drinks and as a substitute to refined sugar in bakery and confectionary items.
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