Transparency Market Research has published a new report, according to which, the rapid urbanization and industrialization in the Asia Pacific will help the region dominate the global copper cathode market during 2017-2025.
Countries in the Asia Pacific such as China, Japan, India, and Australia are the primary regions that will affect the market growth during the forecast period, according to the new report.
In terms of regional perspective, the global copper cathode market in North America will exhibit a steady growth as the U. S. government plans to rebuild and develop its current infrastructure. Moreover, demand for the copper cathode is increasing in European countries such as Germany, U. K. , and France, which is ascribed to increasing development of efficient and economical smart cities and industrial sectors.
Countries such as Mexico and Argentina in Latin America will also contribute to the copper cathode market growth during the forecast period owing to the rapid and constant industrialization in the region.
The report has also discussed some of the growth constraints for the copper cathode market. These restraints include its poor resistance to abrasion and common acids and low tensile strength. Moreover, the popularly used electro-refining process for the development of copper cathode is capital intensive.
Copper cathode is also susceptible to oxidation and therefore it has a shorter life expectancy.
The TMR report has included some of the key players operating in the copper cathode market to give a better landscape of the market and these are Jiangxi Copper Corporation, Daye Non-Ferrous Metals Co. , Kennecott Utah Copper, Birla Group Hindalco, and Sumitomo Metals Mining.
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