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The copper semi-finished product market is an important branch of the chemicals and materials industry. It deals in manufacturing and distribution of intermediate products of copper in different parts of the globe. There are various types of products manufactured by this industry consisting of bars, rods, wires, strips, plates and some others. These products are processed into final products using several processes including melting and casting, hot forming, and cold forming. The rising demand for copper semi-finished product in electric vehicle (EV) industry has boosted the market growth. This market is expected to rise significantly with the growth of the advanced materials industry across the world.
The rapid adoption of copper alloys due to several properties such as improved durability, greater strength, resistance to corrosion and some others has driven the market growth. Also, the integration of smart manufacturing in copper industry along with growing focus towards recyclable and sustainable products is playing a positive role in shaping the industry. Moreover, the rising application of intermediate copper in various industries comprising of architecture, electronic, automotive, machinery and some others is expected to proliferate the growth of the copper semi-finished product market.
The growing adoption of copper in smart grids, heat pumps, LED lighting and some others along with increased demand for efficient solutions in several industries is expected to create opportunities for the market players in the upcoming years.
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Stats ID: | 5470 |
Format: | Databook |
Published: | October 2024 |
Delivery: | Immediate |
Stats ID: | 5470 |
Format: | Databook |
Published: | October 2024 |
Delivery: | Immediate |
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