The cathode is a variety of copper that unveils purity of more than 95%. It is commonly a raw material used in the introduction of copper rod, which is engaged in the numerous industries. The pure copper exhibits outstanding electrical conductivity. In addition, the copper metal is often identified as the center of wide technological advancements in a wide variety of applications. It is effectively utilized in the construction of brass, copper sheet products and copper tubes. It is also utilized in more than 450 alloys. Copper cathode is introduced through the refining procedure, which assists in the discretion of impurities from the copper ore. In addition, on the basis of refining procedure type, the copper cathode market is sectored into smelting and electro-refining.
However, the smelting is a form of refining procedure for removing pure form of copper from its ore. It effectively utilizes the heat and chemical decreasing agent for the decomposition of copper ore, elimination of unwanted slag, and several other elements for the gaining pure copper cathode. For instance, the electro-refining is a procedure that introduces the mainstream of copper cathode. In addition, the copper cathode is utilized in the oil and gas, chemical labs and several other industries.
According to the report analysis, ‘Global Copper Cathode Market Size study, by Type (Standard Quality Level, High Quality Level), by Application (Conductor, Electronic Products, Others) and Regional Forecasts 2018-2025’ states that in the worldwide copper cathode market there are numerous players which recently functioning more effectively for leading the fastest market growth and dominating the foremost value of market share around the globe during the short span of time while increasing the applications of such across the numerous industries, advancing the technologies of production, establishing the effective research and development programs, delivering the better consumer satisfaction and implementation of the profitable strategies and policies includes Codelco, Freeport McMoran, Aurubis, Jiangxi Copper Company, Glencore Xstrata, Tongling, Southern Copper, JX Holdings, Sumitomo, BHP Billiton and several others.
The broad augmentations in the refining technology, the effective existence of the high-grade cathode specifications and rigorous requirements for cast rod are the substantial drivers of the market around the globe. Moreover, the effective growth in the application of copper cathode in several application which are likely to generating the lucrative opportunity in the near future. Copper cathode is virtuous conductor of electricity and refined copper cathode is utilized for goods that do not demand a sophisticated degree of conductivity. These advantages also growing the requirement of the copper cathode among its end-users over the upcoming years. However, shortage of the skilled labor in manufacturing procedure and it is unfortunate resistance to abrasion & common acid are the limiting aspects of the Copper Cathode market around the world.
Although, based on the region the market of copper cathode is spread around the globe which majorly involves Asia Pacific region, North America, Europe, Latin America and Rest of the World. However, the North America is the leading/significant region across the world in terms of market share due to rising requirement of copper cathode in the region as US government schedules to develop its recent infrastructure. Europe is predicted to increase at moderate rate in the global Copper Cathode market over the forthcoming years. Asia-Pacific region is also projected to exhibit wider growth rate / CAGR over the forecast period of 2018-2025. Therefore, in the coming years, it is anticipated that the market of copper cathode will increase around the globe over the near future more effectively.
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Ankur Gupta, Head Marketing & Communications