Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Types (Closed Die Forging, Open Die Forging, Rolled Ring Forging), By Applications (Automotive, Aerospace, Oil & Gas, Construction, Agriculture, Others) And Competitive Landscape
| Product Code: ETC056741 | Publication Date: May 2021 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
| Report Name | Asia Pacific Copper Forged market |
| Forecast period | 2025-2031 |
| Forecast Size | USD 40 Billion – USD 60 Billion |
| CAGR | 7.6% |
| Growing Sector | Automotive |
The Asia Pacific Copper Forged market report thoroughly covers the market by product type, by application and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) Copper Forged Market is projected to reach approximately $ 60 billion by 2031, growing at a compound annual growth rate (CAGR) of around 7.6% from an estimated $ 40 billion in 2025. The automotive sector holds the highest market share in the region.
The Asia Pacific copper forged market is witnessing strong growth, driven by rising demand from automotive, construction, electrical, and industrial sectors. China, India, Japan, and South Korea are leading the market, benefiting from rapid industrialization, urban infrastructure expansion, and the increasing adoption of electric vehicles (EVs) and renewable energy systems. Copper forging is widely used in electrical components, heat exchangers, plumbing fittings, and heavy machinery due to its high conductivity, durability, and corrosion resistance. The shift towards energy-efficient technologies and the expansion of manufacturing industries are further fueling market demand. However, fluctuating copper prices, energy-intensive forging processes, and environmental regulations pose challenges. Despite these hurdles, advancements in forging techniques, increased recycling efforts, and government initiatives supporting industrial growth are expected to sustain the market’s expansion in the coming years.
According to 6Wresearch, the Asia Pacific Copper Forged market size is projected to grow at a CAGR of 7.6% during 2025-2031. The growth of the Asia Pacific copper forged market is driven by rapid industrialization, expanding infrastructure projects, and increasing demand from key sectors such as automotive, electrical, and construction. The rise of electric vehicles (EVs) and renewable energy systems, particularly in China, India, and Japan, is fueling demand for high-conductivity forged copper components used in battery connectors, power distribution systems, and transformers. Additionally, urbanization and smart city initiatives are driving the need for durable and corrosion-resistant plumbing, HVAC, and electrical systems, where forged copper plays a crucial role. However, the market faces challenges such as fluctuating copper prices, high energy consumption in forging processes, and strict environmental regulations limiting emissions and waste disposal. The growing push for sustainability has also led to an increased focus on copper recycling and energy-efficient forging technologies, helping to mitigate cost and environmental concerns. Despite these challenges, technological advancements in precision forging, automation, and alloy development are expected to support long-term market growth.
Key companies in the Asia Pacific copper forged market include Jiangxi Copper Corporation (China), Tongling Nonferrous Metals Group (China), Mitsubishi Materials Corporation (Japan), and Sumitomo Electric Industries (Japan), which dominate the production and supply of high-quality forged copper components for automotive, electrical, and industrial applications. Hindalco Industries (India) and Sterlite Copper (India) are major players expanding their presence in copper forging and downstream processing. LS Cable & System (South Korea) and Poongsan Corporation (South Korea) contribute significantly to forged copper products in electrical and defense industries. Additionally, MMG Limited (Australia) and Sandfire Resources (Australia) play a crucial role in supplying raw copper and refined products to support the regional forging industry. Additionally, some of these players hold majority of the Asia Pacific Copper Forged market share. Moreover, these companies focus on technological advancements, sustainability initiatives, and strategic expansions to meet the growing demand for forged copper in infrastructure, renewable energy, and EV markets across the Asia Pacific.
Government regulations in the Asia Pacific copper forged market focus on environmental sustainability, mining restrictions, trade policies, and quality standards to ensure responsible production and usage. China, the largest copper consumer, has implemented strict environmental laws, including emission control measures and energy efficiency mandates for metal processing industries. India enforces import-export duties, mining regulations, and recycling policies to promote domestic production and sustainable resource utilization. Japan and South Korea have stringent industrial safety, emissions, and waste management regulations to maintain high-quality copper forging standards. Additionally, Australia regulates copper mining and processing under environmental protection acts and sustainable mining policies to reduce ecological impact. Further, these initiatives have further boosted the Asia Pacific Copper Forged market revenues. Moreover, across the region, governments are promoting circular economy practices, encouraging investment in recycled copper, and enforcing compliance with international trade agreements. These evolving regulations push manufacturers toward eco-friendly forging technologies, improved energy efficiency, and adherence to global environmental standards, shaping the future of the industry.
The Asia Pacific copper forged market is expected to witness steady growth, driven by expanding infrastructure, rising electric vehicle (EV) adoption, and advancements in renewable energy systems. China, India, Japan, and South Korea will remain key players, investing in technologically advanced forging techniques, sustainable copper processing, and efficient recycling systems to meet growing industrial demand. The increasing focus on energy efficiency, smart grids, and high-performance electrical components will further drive demand for forged copper in power distribution, construction, and HVAC applications. However, challenges such as raw material price volatility, stringent environmental regulations, and energy-intensive production processes may impact market dynamics. Despite this, government incentives, foreign direct investments (FDIs), and innovations in eco-friendly forging technologies will help sustain market expansion, positioning the Asia Pacific region as a global leader in copper forging and advanced metal processing.
According to Ravi Bhandari, Research Head, 6Wresearch, China continues to be the driving force behind the Asia Pacific copper forged market, benefiting from its dominance in copper mining, refining, and advanced manufacturing capabilities. As the world’s largest consumer and producer of copper, China’s growth is fueled by massive infrastructure projects, rapid industrialization, and strong demand from the automotive, electrical, and renewable energy sectors. The country’s push toward electric vehicles (EVs), 5G networks, and smart grids is significantly increasing the need for high-performance forged copper components. Additionally, government policies supporting local production, energy-efficient manufacturing, and recycling initiatives are shaping the industry’s future. However, strict environmental regulations, fluctuating raw material prices, and trade tensions pose challenges to sustained growth. Despite these hurdles, China’s continued investments in technological advancements and supply chain resilience will keep it at the forefront of the APAC copper forged market.
The automotive sector in the Asia Pacific region is experiencing robust growth, driven by rising vehicle production, increasing demand for electric vehicles (EVs), and government policies supporting clean energy transportation. China, India, Japan, and South Korea are key players, with China leading as the largest EV producer globally, fueled by subsidies, infrastructure investments, and technological advancements. The shift towards lightweight materials, improved fuel efficiency, and advanced electrical components is driving demand for forged metals, including copper and aluminum, in batteries, wiring, and powertrains. Additionally, India's expanding middle class, growing automotive manufacturing base, and initiatives like "Make in India" are boosting market expansion. However, challenges such as supply chain disruptions, semiconductor shortages, and fluctuating raw material prices persist. Despite this, the rising adoption of autonomous and connected vehicles, hybrid technologies, and increased foreign direct investments (FDIs) in automotive manufacturing are expected to sustain strong sector growth in the APAC region.
The Asia Pacific Copper Forged market report provides a detailed analysis of the following market segments -
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Asia Pacific Copper Forged Market Overview |
| 3.1 Asia Pacific Regional Macro Economic Indicators |
| 3.2 Asia Pacific Copper Forged Market Revenues & Volume, 2021 & 2031F |
| 3.3 Asia Pacific Copper Forged Market - Industry Life Cycle |
| 3.4 Asia Pacific Copper Forged Market - Porter's Five Forces |
| 3.5 Asia Pacific Copper Forged Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Asia Pacific Copper Forged Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
| 3.7 Asia Pacific Copper Forged Market Revenues & Volume Share, By Applications, 2021 & 2031F |
| 4 Asia Pacific Copper Forged Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Asia Pacific Copper Forged Market Trends |
| 6 Asia Pacific Copper Forged Market, 2021 - 2031 |
| 6.1 Asia Pacific Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 6.2 Asia Pacific Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 7 China Copper Forged Market, 2021 - 2031 |
| 7.1 China Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 7.2 China Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 8 India Copper Forged Market, 2021 - 2031 |
| 8.1 India Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 8.2 India Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 9 Japan Copper Forged Market, 2021 - 2031 |
| 9.1 Japan Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 9.2 Japan Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 10 Australia Copper Forged Market, 2021 - 2031 |
| 10.1 Australia Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 10.2 Australia Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 11 Indonesia Copper Forged Market, 2021 - 2031 |
| 11.1 Indonesia Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 11.2 Indonesia Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 12 Philippines Copper Forged Market, 2021 - 2031 |
| 12.1 Philippines Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 12.2 Philippines Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 13 Thailand Copper Forged Market, 2021 - 2031 |
| 13.1 Thailand Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 13.2 Thailand Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 14 Malaysia Copper Forged Market, 2021 - 2031 |
| 14.1 Malaysia Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 14.2 Malaysia Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 15 Singapore Copper Forged Market, 2021 - 2031 |
| 16 Rest of Asia Copper Forged Market, 2021 - 2031 |
| 16.1 Rest of Asia Copper Forged Market, Revenues & Volume, By Product Types, 2021 - 2031 |
| 16.2 Rest of Asia Copper Forged Market, Revenues & Volume, By Applications, 2021 - 2031 |
| 17 Asia Pacific Copper Forged Market Key Performance Indicators |
| 18 Asia Pacific Copper Forged Market - Opportunity Assessment |
| 18.1 Asia Pacific Copper Forged Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 18.2 Asia Pacific Copper Forged Market Opportunity Assessment, By Product Types, 2021 & 2031F |
| 18.3 Asia Pacific Copper Forged Market Opportunity Assessment, By Applications, 2021 & 2031F |
| 19 Asia Pacific Copper Forged Market - Competitive Landscape |
| 19.1 Asia Pacific Copper Forged Market Revenue Share, By Companies, 2024 |
| 19.2 Asia Pacific Copper Forged Market Competitive Benchmarking, By Operating and Technical Parameters |
| 20 Company Profiles |
| 21 Recommendations |
| 22 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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