Copper fell to 4.40 USD/Lbs on September 1, 2025, down 2.49% from the previous day. Over the past month, Copper's price has fallen 0.83%, but it is still 10.24% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on September of 2025.

Get the latest insights on price movement and trend analysis of Copper Wire in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Copper Wire Price Change in July 2025? The Copper Wire Price Index in North America fell by 2.1% quarter over quarter, reflecting a surplus of inventory in warehouses and steady output from major global producers.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Copper Wire and Cable (WPU10260314) from Dec 1986 to Jul 2025 about wired, copper, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

In June 2025, the average monthly price for copper stood at over ***** U.S. dollars per metric ton. This is down from a monthly high exceeding ****** U.S. dollars in March 2024, which was among the highest monthly values observed in the past decade.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: No. 2 Copper Scrap, Including Wire (WPU10230102) from Dec 1986 to Jul 2025 about copper, wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

North America saw notable developments in the copper wire market during Q1 2025, largely driven by geopolitical uncertainty, shifting demand patterns, and evolving supply chain conditions. The USA, being a major importer and consumer, played a central role in shaping regional dynamics. In the U.S., copper wire prices rose 3.5% quarter-on-quarter, closing Q1 at USD 23,378/mt CFR San Diego. Price momentum remained consistently upward throughout the quarter, influenced by policy uncertainty, including the Section 232 investigation into copper imports.

The Copper Stranded Wire Market report segments the industry into Geometry (Bunched, Concentric), End-User Industry (Construction, Energy, Transportation, Electronics and Telecommunication, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Get five years of historical data and five-year market forecasts.

Why did the Aluminium Wire (Copper Cladded) Price Change in July 2025? The Aluminium Wire Copper Cladded Price Index in North America experienced downward movement during Q2 2025, driven primarily by ample inventory levels and limited short-term procurement activity among distributors and cable manufacturers.

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Copper Wire Market Size 2025-2029

The copper wire market size is forecast to increase by USD 51.1 billion, at a CAGR of 6.2% between 2024 and 2029. The market is experiencing significant growth due to the expanding communication and electrical and electronics industries. The increasing demand for advanced connectivity solutions and the proliferation of digital devices are driving the need for more copper wires.

Major Market Trends & Insights

APAC dominated the market and contributed 72% to the growth during the forecast period.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Type, the low voltage segment led the market and was valued at USD 63.40 billion of the global revenue in 2023.
Based on the End-user, the electrical and electronics segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 58.13 Billion
Future Opportunities: USD 51.11 Billion
CAGR (2024-2029): 6.2%
APAC: Largest market in 2023

Moreover, the transition towards renewable energy sources is contributing to the market's growth, as copper wires are essential components in solar panels and wind turbines. However, the market faces challenges from strict air quality standards for copper smelters. These regulations aim to reduce emissions and improve environmental sustainability, leading to increased operational costs for copper wire manufacturers. Companies in the copper wire industry must navigate these challenges by investing in innovative technologies and adhering to regulatory requirements to remain competitive and capitalize on the market's opportunities.

What will be the Size of the Copper Wire Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the diverse applications across various sectors. In the realm of electronics, copper wire plays a pivotal role in coil winding processes for printed circuit boards and magnet wire enameling. Copper's high conductivity makes it an ideal choice for electrical motor windings, where the copper wire diameter and gauge significantly impact performance. Stranded copper wire, with its enhanced flexibility, is essential in wire harness design for automobiles and the aviation industries. Copper's electrical resistance properties are crucial in transformer construction and power transmission lines. Oxygen-free copper wire, with its enhanced electrical conductivity, is increasingly used in high-performance applications.

The copper wire manufacturing process includes copper wire coating, spooling, and stripping. Advanced techniques like annealing, tinning, and litze wire construction contribute to improved copper wire properties, such as elongation and electromagnetic shielding. Recycling copper wire is a significant trend, with the industry expecting a 5% annual growth rate. For instance, a leading automotive manufacturer reduced its carbon footprint by 15% by implementing a copper wire recycling program. The continuous unfolding of market activities and evolving patterns underscores the dynamic nature of the market.

How is this Copper Wire Industry segmented?

The copper wire industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Low voltage
  Medium voltage
  High voltage


End-user

  Electrical and electronics
  Building and construction
  Telecommunication
  Transportation
  Others


Application

  Power Transmission
  Telecommunications
  Building Wiring
  Renewable Energy Systems


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The low voltage segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 63.40 billion in 2023. It continued to the largest segment at a CAGR of 5.21%.

Low voltage copper wire, essential for handling voltage levels below 1,000 volts, is a key component in various sectors. In residential applications, it ensures safe and efficient electricity transmission for power distribution, lighting systems, and electrical wiring. Commercial buildings utilize low voltage copper wire for lighting fixtures, power outlets, HVAC systems, security systems, and communication networks. Industrial applications include powering machinery, motors, and control systems. Copper wire's high electrical conductivity and low resistance make it ideal for these uses. Manufacturing processes like coil winding, printed circuit board assem

United States - Producer Price Index by Commodity: Metals and Metal Products: Copper Wire and Cable was 455.60100 Index Dec 1986=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Copper Wire and Cable reached a record high of 466.83100 in April of 2025 and a record low of 100.00000 in December of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Copper Wire and Cable - last updated from the United States Federal Reserve on July of 2025.

In 2024, the U.S. copper wire market increased by 2.6% to $3.6B, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed a strong increase. Over the period under review, the market reached the maximum level in 2024 and is expected to retain growth in the immediate term.

This statistic depicts the average annual prices for copper from 2014 through 2026*. In 2024, the average price for copper stood at 9,142 nominal U.S. dollars per metric ton.

Copper Scrap Sales Market Outlook

The global copper scrap sales market size was valued at USD 34.8 billion in 2023 and is projected to reach USD 52.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is driven by increasing demand for sustainable and eco-friendly materials, coupled with the rising utilization of copper across various industries such as construction, automotive, and electronics.

One of the primary growth factors propelling the copper scrap sales market is the rising emphasis on recycling and sustainability. As industries and governments worldwide pivot towards reducing carbon footprints and conserving natural resources, the recycling of copper scrap has gained substantial traction. Copper, being 100% recyclable without any loss of quality, stands as a crucial material in the circular economy. This recyclability not only conserves natural copper resources but also consumes significantly less energy compared to the extraction and processing of virgin copper, thereby reducing greenhouse gas emissions.

The rapid industrialization and urbanization, particularly in developing regions, are also significant drivers of market growth. Countries in Asia Pacific, such as China and India, are experiencing a surge in construction activities and infrastructure development, which in turn boosts the demand for copper. The automotive industry is another key sector that heavily relies on copper for manufacturing various components, including electrical systems and wires. As the production of electric vehicles (EVs) escalates, the demand for copper and its recycling is expected to soar, further augmenting the copper scrap sales market.

Advancements in technology and recycling processes are playing a critical role in the market's expansion. Enhanced methods for sorting and processing scrap copper have improved the efficiency and quality of recycled copper. Innovations such as automated sorting systems and advanced shredding techniques have minimized contamination and maximized recovery rates. These technological improvements not only reduce the operational costs associated with recycling but also make it more economically viable and attractive for businesses, thereby fueling market growth.

In the context of these technological advancements, the Copper Wire Granulator has emerged as a pivotal tool in the recycling industry. This equipment is specifically designed to process scrap copper wires and cables, efficiently separating the copper from the insulation. By utilizing a Copper Wire Granulator, recyclers can significantly enhance the purity and quality of the recovered copper, making it more valuable for resale and reuse. The granulator's ability to handle various types of copper wire, including insulated and non-insulated, makes it a versatile solution for recycling operations. As the demand for high-quality recycled copper continues to rise, the adoption of such advanced machinery is expected to increase, supporting the overall growth of the copper scrap sales market.

Regionally, the copper scrap sales market exhibits diverse dynamics. North America and Europe are mature markets with well-established recycling infrastructures and stringent environmental regulations that promote the use of recycled materials. In contrast, Asia Pacific is emerging as a lucrative market due to rapid industrial growth and infrastructural development. The region's large-scale manufacturing activities and increasing awareness about sustainability are expected to drive significant market growth. Latin America and the Middle East & Africa, although smaller markets, are gradually catching up as they develop their recycling capabilities and industrial sectors.

Bare Bright Copper Analysis

Bare bright copper, often referred to as "bright and shiny" copper, is one of the highest-grade copper scraps available. It comprises clean, unalloyed, uncoated, and uninsulated copper wire and cables, typically stripped from electrical wiring. This segment is highly valued in the market due to its high purity and excellent conductive properties, making it a preferred choice for industries requiring high-quality copper. The demand for bare bright copper is particularly strong in the electrical and electronics industries, where superior conductivity is essential.

The market for bare bright copper is driven by its extensive use in electrical appl

The East European copper wire market dropped slightly to $10B in 2024, flattening at the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $10.2B in 2023, and then shrank modestly in the following year.

The global copper wire market exhibits robust growth potential, driven by the increasing demand across diverse sectors. While the exact market size for 2025 is unavailable, based on industry reports and growth trends, a reasonable estimate places it around $80 billion USD. Considering a projected Compound Annual Growth Rate (CAGR) of, let's say, 5% (a conservative estimate given the market's dynamics), the market is anticipated to reach approximately $110 billion USD by 2033. This growth is propelled by several key factors, including the expanding electronics industry—particularly in areas like 5G infrastructure and electric vehicles—and the rising use of copper wires in machinery and construction. The increasing adoption of smart technologies and automation across industries also contributes significantly. Further segmentation by outer diameter (OD) reveals strong demand across all categories, with OD 0.02-0.06 inches likely representing the largest segment due to its versatility in various applications. The flourishing renewable energy sector also plays a crucial role, as copper remains a key material in solar panels and wind turbine components. However, certain challenges persist. Fluctuations in copper prices represent a significant constraint, affecting production costs and market stability. Supply chain disruptions and geopolitical uncertainties also pose risks to market growth. Competition among major players like TNMG, Mitsubishi Materials, Diehl Group, and others remains intense, necessitating continuous innovation and strategic partnerships to maintain a competitive edge. Geographic growth is expected to be diversified, with Asia-Pacific, particularly China and India, likely contributing the largest share due to their rapid industrialization and urbanization. North America and Europe will also experience significant growth, driven by ongoing infrastructure development and technological advancements. The market is likely to see further consolidation through mergers and acquisitions, alongside a push towards sustainable and environmentally friendly copper wire production methods. This comprehensive report provides an in-depth analysis of the global copper wires market, projected to exceed $50 billion in value by 2028. We delve into market dynamics, key players, emerging trends, and future growth prospects, equipping stakeholders with actionable insights for strategic decision-making. Keywords: Copper wire market, copper wire manufacturers, copper wire applications, copper wire price, copper wire industry analysis, copper wire production, copper wire trends.

According to Cognitive Market Research, the global Copper Wire and Cable market size will be USD 172154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 68861.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 51646.2 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 39595.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 8607.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3443.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The Wire category is the fastest-growing segment of the Copper Wire and Cable industry

Market Dynamics of Copper Wire and Cable Market

Key Drivers for Copper Wire and Cable Market

Growth of the Renewable Energy Sector to Boost Market Growth

The shift towards renewable energy sources, particularly solar and wind power, significantly depends on copper wiring for efficient power transmission. Global renewable capacity is projected to rise by nearly 2,400 GW (around 75%) from 2022 to 2027. By 2027, the installed capacity of solar photovoltaic (PV) systems is expected to exceed that of coal, making it the largest energy source worldwide. The cumulative solar PV capacity is anticipated to nearly triple during this period, adding almost 1,500 GW and surpassing natural gas by 2026 and coal by 2027. As the world moves towards cleaner and more sustainable energy options, the demand for copper in the renewable energy sector is set to increase. Copper’s exceptional conductivity renders it an ideal material for solar panels and wind turbines, enhancing their efficiency and performance.

Shift towards electric vehicles (EVs) to Drive Market Growth

The expanding electric vehicle market is driving the need for robust charging infrastructure, which requires substantial amounts of copper wire for charging stations and onboard vehicle wiring. In 2023, electric car sales reached 3.5 million more than in 2022, representing a 35% year-on-year increase. This figure is over six times higher than in 2018, just five years prior. In 2023, there were more than 250,000 new registrations per week, surpassing the total number of registrations from the entire year of 2013, ten years earlier. Electric vehicles made up approximately 18% of all car sales in 2023, up from 14% in 2022 and only 2% in 2018. Comparatively, electric car sales saw an increase of nearly 35% in 2023 versus the previous year. Copper plays a vital role in manufacturing electric vehicle batteries, further boosting the demand for copper wires and cables within the automotive industry.

Restraint Factor for the Copper Wire and Cable Market

Attributes of Shock and fire hazard Will Limit Market Growth

Copper wires and cables can pose safety risks, particularly when not properly maintained. While they are efficient conductors of electricity, they are also susceptible to shock and fire hazards. Careful handling of these cables is essential, as any negligence can lead to significant and irreversible consequences, including loss of life. For example, official data indicates that nearly 50% of home fires in the U.S. are caused by improper connections between aluminum and copper wiring.

Impact of Covid-19 on the Copper Wire and Cable Market

During the initial phases of the pandemic, many manufacturing facilities were forced to shut down or operate at reduced capacity due to lockdown measures and health protocols. This led to delays in the production and supply of copper wires and cables. The pandemic led to delays and cancellations of construction projects, resulting in decreased demand for copper wiring in new buildings and infrastructure developments. The electric vehicle market experienced fluctuations as car manufacturers reduced production due to supply chain challenges and changes in con...

The global Household Copper Wire market is experiencing steady growth, driven by urbanization, infrastructure development, and increased demand for electricity. The market is expected to reach a value of XXX million by 2033, growing at a CAGR of XX% during the forecast period (2025-2033). North America and Asia Pacific account for significant market shares due to high levels of industrialization and infrastructure investments. The demand for Household Copper Wire in online sales is growing rapidly due to the convenience and wide selection of products available. Single Core Copper Cable is the dominant product type, used in various applications such as residential and commercial wiring. Key market players include Prysmian Group, Southwire, Nexans, Lapp Group, Leoni AG, Fujikura, and General Cable. These companies are focusing on product innovation, expansion into emerging markets, and strategic partnerships to maintain their market positions. This report provides a comprehensive overview of the global household copper wire market, with a focus on market concentration and characteristics, key trends, and growth catalysts. The report also analyzes the competitive landscape and provides insights into the leading players in the industry.

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Copper Market Size 2024-2028

The copper market size is forecast to increase by USD 70 billion, at a CAGR of 6.78% between 2023 and 2028. The market is characterized by robust demand, particularly in the Asia-Pacific region, driven by technological innovations.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% share in 2022. The market is expected to grow significantly in North America region as well over the forecast period. Based on the Application, the electrical and electronics segment led the market and was valued at USD 82.20 billion of the global revenue in 2022. Based on the Type, the primary segment accounted for the largest market revenue share in 2022.

Market Size & Forecast

Market Opportunities: USD 191.60 Billion Future Opportunities: USD 70 Billion CAGR (2023-2028): 6.78% APAC: Largest market in 2022

The market continues to evolve, driven by its versatility and essential role in various sectors. Copper wire production remains a significant application, with its superior metal conductivity enabling efficient power transmission. In the realm of manufacturing, metal conductivity testing plays a crucial role in ensuring product quality, while grain size distribution and material ductility are vital factors in heat exchanger design. Cathode production involves electrochemical deposition, a process that relies on thermal conductivity for optimal efficiency. Anode manufacturing, on the other hand, necessitates careful consideration of anode material properties, including corrosion resistance and surface treatment methods.

What will be the Size of the Copper Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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Semiconductor applications, such as soldering techniques and copper recycling methods, contribute to the industry's growth, with expectations for a 5% compound annual growth rate. The copper industry also encompasses microstructure analysis, thermal expansion coefficient, and the copper refining process, all integral to producing high-purity copper for various applications. Copper sheet rolling and material tensile strength are essential in metal forming processes, while casting processes utilize alloying elements to enhance electrical conductivity and thermal conductivity. Copper electroplating and brazing techniques are employed in the production of copper tubing fabrication, further expanding the market's reach. Copper alloys, with their unique properties, cater to diverse industries, from automotive to construction. The construction segment is the second largest segment of the application and was valued at USD 34.20 billion in 2022.

Electrical resistivity and machining techniques are essential considerations in the production of these alloys, ensuring optimal performance and durability. In a recent example, a leading automotive manufacturer increased sales by 15% by implementing advanced copper alloy compositions in their engine components, enhancing thermal conductivity and material fatigue resistance. This innovation underscores the continuous unfolding of market activities and the evolving patterns in the copper industry.

The technological sector's insatiable appetite for copper, as a key component in various electronic devices and infrastructure, fuels market growth. However, the market faces the significant challenge of price volatility. Fluctuations in copper prices pose a substantial risk for market participants, necessitating effective risk management strategies. Companies must navigate this price uncertainty while capitalizing on the burgeoning demand for copper in emerging technologies to remain competitive.

In summary, the market is underpinned by strong demand from the Asia-Pacific region, driven by technological advancements, yet confronted by the challenge of price volatility. Companies must adopt agile strategies to capitalize on market opportunities and mitigate risks associated with copper price fluctuations.

How is this Copper Industry segmented?

The copper industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

Electrical and electronics Construction Telecommunication Transportation Others

Type

Primary Secondary Oxygen-Free Electrolytic

Product Form

Wire Rods Tubes Sheets and Strips Plates Bars and Sections

Geography

North America

US Canada

Europe

France Germany Italy UK

Middle East and Africa

Egypt KSA Oman UAE

APAC

China India Japan

South America

Argentina Brazil

Rest of World (ROW)

By Application Insights

The electrical and electronics segment is estimated to witness significant growth during the forecast pe

The global copper wire market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, a reasonable estimation can be made based on industry trends. Assuming a moderate growth trajectory and considering the expanding applications in electronics, machinery, and architecture, the market size in 2025 could be estimated at around $15 billion USD. A conservative Compound Annual Growth Rate (CAGR) of 5% over the forecast period (2025-2033) seems plausible, considering factors like fluctuating copper prices and the ongoing development of alternative materials. This growth is fueled primarily by the rising demand from the electronics industry, particularly in data centers and renewable energy technologies, which necessitate sophisticated and high-quality copper wiring solutions. The machinery industry also contributes significantly, with automation and industrial upgrades driving the need for robust copper wiring capable of handling increased power demands. Furthermore, the architecture and art sectors continue to show steady demand for specialized copper wires. Several factors, however, could constrain market growth. Fluctuations in copper prices directly impact production costs and market competitiveness. The exploration and development of alternative conductive materials present a potential long-term threat. However, the established properties of copper, including its excellent conductivity and malleability, ensure it remains a crucial component in numerous applications. The market is segmented by outer diameter (OD) – below 0.02 inches, 0.02-0.06 inches, and above 0.06 inches – and by application – electronics, machinery, architecture and art, and other. This segmentation highlights the diverse needs and application-specific characteristics of the copper wire market. Key players, such as TNMG, Mitsubishi Materials, and Diehl Group, are actively shaping market dynamics through innovation and strategic expansion. Geographic segmentation, covering North America, Europe, Asia Pacific, and other regions, reflects the diverse global demand and regional production hubs. This comprehensive report provides an in-depth analysis of the global copper wires market, valued at over $15 billion in 2023, projecting substantial growth to exceed $20 billion by 2028. We examine key players, market trends, and future growth potential, focusing on critical segments and regional variations. This report is essential for industry stakeholders, investors, and anyone seeking a detailed understanding of this vital sector. Keywords: Copper wire market, copper wire industry, copper wire price, copper wire manufacturers, copper wire applications, electronic copper wire, copper wire trends.