PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584655
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584655
India Copper Market, By Type; By Form; By Application; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Copper Market Size Set to Touch USD 38.7 Billion and 10.3 Lakh Tons by 2030
India Copper Market is booming primarily due to the burgeoning infrastructure sector, coupled with an escalating demand for advanced electronic devices across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Copper Market size by value at USD 25.44 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Copper Market size to expand at a CAGR of 6.34% reaching a value of USD 38.68 billion by 2030. The Copper Market in India is propelled by robust demand from infrastructure, electric vehicles (EVs), and clean technology sectors, coupled with strong consumer durables consumption. India's copper demand soared by 16% in FY23, with similar double-digit growth projected for FY24, outpacing the global average of 3%. While domestic production has been constrained by limited smelting capacity, upcoming facilities, such as the Adani smelter and potentially reactivated Sterlite plant, could significantly boost output and reduce import reliance. Furthermore, ongoing mining initiatives and strategic acquisitions by Indian firms aim to enhance resource availability, supporting the copper market's anticipated growth.
By volume, BlueWeave estimated India Copper Market size at 6.6 lakh tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Copper Market size by volume is projected to grow at a CAGR of 6.6% reaching the volume of 10.3 lakh tons by 2030. While India is not a leading global copper producer, the country boasts a domestic industry, primarily centered in the Western state of Gujarat. With several large mines and smelters, India produced approximately 565,000 metric tons of copper in 2018-2019, a fraction of the global output of 22 million metric tons. To bridge the supply gap, India relies heavily on copper imports. This versatile metal finds applications in diverse sectors, including construction, electrical infrastructure, machinery manufacturing, and coin production. Moreover, copper holds cultural significance in various Indian traditions.
Opportunity - Significant Transition toward Renewable Energy
As India accelerates its transition to renewable energy and electric mobility, copper emerges as a critical component for the nation's sustainable future. The burgeoning demand for electric vehicles (EVs) and solar and wind power installations necessitates a significant increase in domestic copper production. While India possesses substantial copper resources, challenges, such as outdated mining practices and limited production capacity hinder its ability to fully capitalize on this opportunity. To address these issues, strategic investments in modern mining technologies and efficient smelting processes are essential. By revitalizing inactive facilities like the Tuticorin copper plant, India can significantly boost its domestic copper output, reducing reliance on imports and strengthening its position in the global renewable energy landscape. This strategic approach aligns with the nation's 'Aatmanirbhar Bharat' initiative, promoting economic self-reliance and energy independence.
North India Leads India Copper Market
North India, particularly Rajasthan and Madhya Pradesh, is expected to maintain its dominance in India Copper Market. Rajasthan's substantial reserves in the Khetri region, coupled with its favorable regulatory environment and infrastructure, solidify its position as the leading copper-producing state. Madhya Pradesh, with significant deposits in Malanjkhand, and its modernized mining ecosystem further contribute to the region's prominence.
Impact of Escalating Geopolitical Tensions on India Copper Market
Intensifying geopolitical tensions could have a multifaceted impact on India Copper Market. Such conflicts often lead to disruptions in global supply chains, affecting the availability and cost of copper. Increased trade barriers and sanctions can further complicate imports and exports, leading to volatility in prices. Additionally, geopolitical instability can shift investment patterns and alter market dynamics, impacting production and consumption rates. As a result, the India Copper Market may experience supply shortages, price fluctuations, and reduced access to critical copper resources, potentially influencing industry stability and growth.
Competitive Landscape
India Copper Market is highly fragmented, with numerous players serving the market. The key players dominating India Copper Market include Hindalco Industries Limited, Sterlite Copper, National Aluminium Company Limited (NALCO), Hindustan Copper Limited (HCL), Vedanta Limited, Birla Copper, JK Copper, KGH Copper, and BHP Billiton. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Copper Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Copper Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Copper Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Infrastructure Development
- 3.2.1.2. Electronics and Technology
- 3.2.1.3. Industrial Applications
- 3.2.2. Restraints
- 3.2.2.1. Economic Fluctuations
- 3.2.2.2. Competition from Other Materials
- 3.2.3. Opportunities
- 3.2.3.1. Renewable Energy
- 3.2.3.2. Economic Growth
- 3.2.4. Challenges
- 3.2.4.1. Supply Chain Disruptions
- 3.2.4.2. Recycling and Substitution
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Copper Market: Marketing Strategies
5. India Copper Market: Pricing Analysis
6. India Copper Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Primary Copper
- 6.2.1.2. Secondary Copper
- 6.2.2. By Form
- 6.2.2.1. Wire Rods
- 6.2.2.2. Plates & Sheets
- 6.2.2.3. Tubes & Pipes
- 6.2.2.4. Bars & Rods
- 6.2.2.5. Powder
- 6.2.3. By Application
- 6.2.3.1. Electrical & Electronics
- 6.2.3.2. Construction
- 6.2.3.3. Transportation
- 6.2.3.4. Industrial Machinery
- 6.2.3.5. Consumer Goods
- 6.2.3.6. Telecommunications
- 6.2.3.7. Power Generation
- 6.2.4. By Region
- 6.2.4.1. North India
- 6.2.4.2. South India
- 6.2.4.3. East India
- 6.2.4.4. West India
- 6.2.1. By Product Type
7. North India Copper Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Form
- 7.2.3. By Application
8. South India Copper Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Form
- 8.2.3. By Application
9. East India Copper Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Form
- 9.2.3. By Application
10. West India Copper Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Form
- 10.2.3. By Application
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Copper Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Copper Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Hindalco Industries Limited
- 13.2. Sterlite Copper
- 13.3. National Aluminium Company Limited (NALCO)
- 13.4. Hindustan Copper Limited (HCL)
- 13.5. Vedanta Limited
- 13.6. Birla Copper
- 13.7. JK Coppe
- 13.8. KGH Copper
- 13.9. BHP Billiton
- 13.10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Copper Segmentation
- Figure 2 India Copper Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Copper Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Copper Market Share, By Product Type , By Value, 2019-2030
- Figure 6 India Copper Market Share, By Form, By Value, 2019-2030
- Figure 7 India Copper Market Share, By Application, By Value, 2019-2030
- Figure 8 North India Copper Market Size, By Value (USD Billion), 2019-2030
- Figure 9 North India Copper Market Share, By Product Type , By Value, 2019-2030
- Figure 10 North India Copper Market Share, By Form, By Value, 2019-2030
- Figure 11 North India Copper Market Share, By Application, By Value, 2019-2030
- Figure 12 South India Copper Market Size, By Value (USD Billion), 2019-2030
- Figure 13 South India Copper Market Share, By Product Type , By Value, 2019-2030
- Figure 14 South India Copper Market Share, By Form, By Value, 2019-2030
- Figure 15 South India Copper Market Share, By Application, By Value, 2019-2030
- Figure 16 East India Copper Market Size, By Value (USD Billion), 2019-2030
- Figure 17 East India Copper Market Share, By Product Type , By Value, 2019-2030
- Figure 18 East India Copper Market Share, By Form, By Value, 2019-2030
- Figure 19 East India Copper Market Share, By Application, By Value, 2019-2030
- Figure 20 West India Copper Market Size, By Value (USD Billion), 2019-2030
- Figure 21 West India Copper Market Share, By Product Type , By Value, 2019-2030
- Figure 22 West India Copper Market Share, By Form, By Value, 2019-2030
- Figure 23 West India Copper Market Share, By Application, By Value, 2019-2030
List of Tables
- Table 1 India Copper Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Copper Market Size, By Product Type , By Value, 2019-2030
- Table 3 India Copper Market Size, By Form, By Value, 2019-2030
- Table 4 India Copper Market Size, By Application, By Value, 2019-2030
- Table 5 North India Copper Market Size, By Value (USD Billion), 2019-2030
- Table 6 North India Copper Market Size, By Product Type , By Value, 2019-2030
- Table 7 North India Copper Market Size, By Form, By Value, 2019-2030
- Table 8 North India Copper Market Size, By Application, By Value, 2019-2030
- Table 9 South India Copper Market Size, By Value (USD Billion), 2019-2030
- Table 10 South India Copper Market Size, By Product Type , By Value, 2019-2030
- Table 11 South India Copper Market Size, By Form, By Value, 2019-2030
- Table 12 South India Copper Market Size, By Application, By Value, 2019-2030
- Table 13 East India Copper Market Size, By Value (USD Billion), 2019-2030
- Table 14 East India Copper Market Size, By Product Type , By Value, 2019-2030
- Table 15 East India Copper Market Size, By Form, By Value, 2019-2030
- Table 16 East India Copper Market Size, By Application, By Value, 2019-2030
- Table 17 West India Copper Market Size, By Value (USD Billion), 2019-2030
- Table 18 West India Copper Market Size, By Product Type , By Value, 2019-2030
- Table 19 West India Copper Market Size, By Form, By Value, 2019-2030
- Table 20 West India Copper Market Size, By Application, By Value, 2019-2030
- Table 21 Hindalco Industries Limited Company Overview
- Table 22 Hindalco Industries Limited Financial Overview
- Table 23 Sterlite Copper Company Overview
- Table 24 Sterlite Copper Financial Overview
- Table 25 National Aluminium Company Limited (NALCO) Company Overview
- Table 26 National Aluminium Company Limited (NALCO) Financial Overview
- Table 27 Hindustan Copper Limited (HCL) Company Overview
- Table 28 Hindustan Copper Limited (HCL) Financial Overview
- Table 29 Vedanta Limited Company Overview
- Table 30 Vedanta Limited Financial Overview
- Table 31 Birla Copper Company Overview
- Table 32 Birla Copper Financial Overview
- Table 33 JK Coppe Company Overview
- Table 34 JK Coppe Financial Overview
- Table 35 KGH Copper Company Overview
- Table 36 KGH Copper Financial Overview
- Table 37 BHP Billiton Company Overview
- Table 38 BHP Billiton Financial Overview
