NAICS 33142 - Copper Rolling, Drawing, Extruding, and Alloying
This industry comprises establishments primarily engaged in one or more of the following: (1) recovering copper or copper alloys from scraps; (2) alloying purchased copper; (3) rolling, drawing, or extruding shapes, (e.g., bar, plate, sheet, strip, tube, wire) from purchased copper; and (4) recovering copper or copper alloys from scrap and rolling drawing, or extruding shapes (e.g., bar, plate, sheet, strip, tube, wire).
Industry trends:
The copper rolling, drawing, extruding, and alloying industry (NAICS 33142) is witnessing several significant qualitative trends. One notable trend is the increasing emphasis on sustainability and recycling within the industry. Companies are investing more in technologies and processes that reduce waste and promote the recycling of copper materials to meet growing environmental regulations and consumer demand for eco-friendly products.
Another trend is the adoption of advanced manufacturing technologies such as automation, artificial intelligence, and the Internet of Things (IoT). These technologies are helping companies improve operational efficiency, reduce costs, and enhance product quality. Automation, in particular, is being employed to streamline production processes and reduce labor costs, while AI and IoT are being used for predictive maintenance and real-time monitoring of equipment and production lines.
Supply chain diversification and resilience are also becoming critical focuses in the industry. The recent global disruptions have underscored the need for more robust and flexible supply chains. Companies are looking to diversify their supplier base and invest in local sourcing strategies to mitigate risks associated with geopolitical tensions, trade wars, and pandemics.
Looking ahead, the demand for copper is expected to rise, driven largely by the growth in renewable energy sectors such as solar and wind power, and the expansion of electric vehicle (EV) infrastructure. As countries around the globe push towards green energy and decarbonization, the need for efficient and reliable copper products will grow. Companies within the NAICS 33142 industry are likely to experience increased demand and new opportunities for innovation in the near future.
This industry is comprised of:
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