Copper, Nickel, Lead, And Zinc Market Forecast 2024-2033: Growth Rate, Drivers, And Trends
Posted by ramtbrc on December 18th, 2023
The Copper, Nickel, Lead, And Zinc Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033)
According to The Business Research Company’s Copper, Nickel, Lead, And Zinc Global Market Report 2024, The copper, nickel, lead, and zinc market size has grown strongly in recent years. It will grow from 7.03 billion in 2023 to 7.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to economic growth, infrastructure development, stainless steel production, battery manufacturing, construction industry, galvanization, mining production.
The copper, nickel, lead, and zinc market size is expected to see strong growth in the next few years. It will grow to 2 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to green technologies, electric vehicles, sustainable mining, energy storage. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
The increasing adoption of electric vehicles is expected to propel the growth of the copper, nickel, lead, and zinc market going forward. An electric vehicle is an automobile that is powered by electricity stored in rechargeable batteries, eliminating the need for traditional internal combustion engines that run on gasoline or diesel. Copper, nickel, and zinc play crucial roles in electric vehicle batteries, with copper used in wiring, nickel in cathodes for energy density, and zinc in zinc-air batteries for potential charging infrastructure advancements. For instance, in January 2022, according to the International Energy Agency, a France-based intergovernmental organization, the sales of electric cars experienced significant growth, more than doubling from 3 million in 2020 to reach 6.6 million. This increase accounted for nearly 9% of the global car market. Therefore, the increase in the adoption of electric vehicles drives the growth of the copper, nickel, lead, and zinc market.
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The copper, nickel, lead, and zinc market covered in this report is segmented –
1) By Type: Copper; Zinc; Lead; Nickel
2) By Organization Size: Large Enterprises; Small And Medium Enterprises
3) By End-User Industry: Construction; Transport; Manufacturing; Other End-User Industries
The copper, nickel, lead, and zinc market report table of contents includes:
1. Executive Summary
2. Copper, Nickel, Lead, And Zinc Market Characteristics
3. Copper, Nickel, Lead, And Zinc Product/Service Analysis -Product/Service Examples
4. Copper, Nickel, Lead, And Zinc Market Trends And Strategies
5. Copper, Nickel, Lead, And Zinc Market - Macro Economic Scenario
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68. Global Copper, Nickel, Lead, And Zinc Market Competitive Benchmarking
69. Global Copper, Nickel, Lead, And Zinc Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Copper, Nickel, Lead, And Zinc Market
71. Copper, Nickel, Lead, And Zinc Market Future Outlook and Potential Analysis
72. Appendix
