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Key Market Trends
Growing Demand from the Construction Industry
Copper stranded wires are used for electric supply and can be installed at both the residential and industrial level. One of the major end users for the copper stranded market is the construction industry.
According to a study by Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030, primarily driven by China, India, and the United States region.
Globally, Asia-Pacific has the largest construction market which is led by India, China, and various South-east Asian countries. In India, the government has initiated projects such as 100 smart cities and ‘Housing for All by 2022’ which are expected to immensely drive the residential construction market in India through the forecast period. The country has even experienced significant interest from foreign investors in its infrastructural sector. ....

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