Copper Wire Market Size 2022 Top Companies, Share, Industry Report and Forecast till 2027
According to the latest report by IMARC Group, titled " Global Copper Wire Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts ", the global copper wire market reached a volume of 18.6 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 25.5 Million Tons by 2027, exhibiting a CAGR of 5.70% during 2022-2027. A copper wire is a single electrical conductor that is primarily used in electrical wiring. It offers high electric transmission with minimal resistance and requires less insulation as compared to other metals. It can also withstand extreme climate conditions and hold more electrical current per diameter of the wire. As a result, copper wires find extensive applications across the building and construction, power generation, telecommunication, transportation, and electronics industries. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated ...