Copper and Copper Semis Procurement Intelligence Is Expected To Expand At A CAGR Of 5.1% From 2023 to 2030Posted by rahul nikade on March 22nd, 2024 Copper and Copper Semis Procurement Intelligence This copper and copper semis category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. In 2022, Asia Pacific led the copper market with a market share of more than 37%, followed by North America and Europe. Increase in end-use industries like automotive and electronics as well as rising per capita income have contributed to the expansion of the copper industry in these regions. The category is driven by various trends including increasing demand from infrastructure development projects, the growing electrical and electronics industry, increasing supply of scrap copper and the adoption of renewable energy technologies. Spending on new construction is anticipated to increase, which would result in higher demand for copper wire, tube, and other mill products for various uses like plumbing and building wire. The leading participants in the copper market are anticipated to gain from increased infrastructure investment, particularly in developing nations. Peru's copper mine output is going to expand greatly in Central and South America, while rapid annual production gains are anticipated in nations like Canada, Mexico, and Zambia. The printed circuit board market has grown as a result of the rising demand for electronic devices like tablets, laptops, and phones, which has further fueled the expansion of the copper sector. Order your copy of the Copper and Copper Semis category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis This category is a fragmented market due to the presence of numerous small and medium-sized players. The top five players in the market accounted for only 25% of the total market share in 2021. The strategies of mergers, acquisitions, and collaborations are helping key players in the category to consolidate their position in the market and increase their market share. For instance,
This category is constantly evolving with the development of new technologies to improve efficiency and sustainability. Some of the most promising technologies include hydrometallurgy, bioleaching, direct-to-metal (DTM) printing, additive manufacturing, robotics, and artificial intelligence (AI). Hydrometallurgy uses water to extract copper from ores, while bioleaching uses bacteria for extraction. DTM printing uses 3D printers to create complex components, while additive manufacturing uses 3D printers for intricate designs. Robotics automates tasks like loading and unloading ore, sorting ore, and operating equipment. Additionally, AI improves mining and processing operations by identifying and classifying ore, optimizing schedules, and predicting equipment failures. Copper and Copper Semis Procurement Intelligence Report Scope The Copper and Copper Semis category is expected to have pricing growth outlook of 3% - 5% (Annually) from 2023 to 2030, with below pricing models.
Supplier Selection Scope of Report
Supplier Selection Criteria of Report
Copper and Copper Semis Procurement Intelligence Report Coverage Grand View Research will cover the following aspects in the report:
Copper and Copper Semis Procurement Cost and Supplier Intelligence In this category, the price and cost components play a crucial role in determining the overall profitability and competitiveness of the industry. Copper prices are influenced by various factors, including global supply and demand dynamics, macroeconomic conditions, and geopolitical events. The cost components involved in the production of copper and copper semi-products encompass factors such as labor costs, energy costs, raw material expenses, transportation costs, and environmental certification costs. These cost components can vary significantly across different regions and can impact the final cost of copper products. Furthermore, fluctuations in currency exchange rates and the cost of capital also contribute to the overall cost structure in this sector. The best sourcing practices for this category involve a comprehensive approach that ensures efficiency, sustainability, and cost-effectiveness. This includes conducting a thorough supplier analysis, engaging in strategic partnerships, considering global suppliers, employing responsible sourcing practices, implementing risk management strategies, continuously monitoring and evaluating suppliers' performance. Conducting a thorough supplier analysis helps in identifying reputable suppliers with a strong track record of delivering high-quality copper. Strategic partnerships ensure stable supply chains, better pricing, and delivery terms. Employing responsible sourcing practices ensures ethical and sustainable mining and production. Implementing risk management strategies helps in mitigating market uncertainties and diversifies supply bases. Continuously monitoring and evaluating suppliers' performance helps organizations to meet expectations and adhere to agreed-upon standards, identifying potential issues for corrective action in the early stages. List of Key Suppliers
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Brief about Pipeline by Grand View Research: A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. Our services include (not limited to):
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