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Global Copper Scrap Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 1833 | Pages : 141 | Oct 2024

Report Overview

Copper scrap material — also known as secondary copper — can be divided into two main categories: new scrap and old scrap. New scrap is copper metal discarded in fabrication and manufacturing processes, and is typically considered higher-grade material than old scrap. Old scrap refers to copper wire, copper tubing, roofing copper or copper pipe from post-consumer products that can be converted to refined metal and alloys.

The global Copper Scrap market size is projected to grow from US$ 72530 million in 2024 to US$ 94240 million in 2030; it is expected to grow at a CAGR of 4.5% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “Copper Scrap Industry Forecast” looks at past sales and reviews total world Copper Scrap sales in 2023, providing a comprehensive analysis by region and market sector of projected Copper Scrap sales for 2024 through 2030. With Copper Scrap sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Copper Scrap industry.

This Insight Report provides a comprehensive analysis of the global Copper Scrap landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Copper Scrap portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Copper Scrap market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Copper Scrap and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Copper Scrap.

Global core copper scrap manufacturers include Aurubis, European Metal Recycling (EMR), Commercial Metals(CMC), HKS Metals and Jansen Recycling Group etc. The top 5 companies hold a share above 10%. Asia-Pacific is the largest market, with a share about 70%, followed by Europe and North America with the share about 13% and 11%.

Copper scrap is an important supplement to copper ore resources and has good recycling performance. With the global emphasis on sustainable development and resource recycling, the  copper scrap recycling industry is gradually becoming an important way to solve the shortage of copper resources. China is the largest copper consumer and also a copper-poor country. The supply of copper resources is severe. Therefore, recycling  copper scrap is of great significance to alleviate the tight supply situation at the mine end.

Key factors driving market growth include the increasing emphasis on sustainability and clean energy, and the increase in electricity and vehicle electrification through renewable energy.

In terms of technological progress,  copper scrap recycling technology is constantly improving, such as new sensor-based separation technologies that provide promising possibilities, although these technologies are still rarely used in copper recycling and are still some distance away from marketization.

Overall, the  copper scrap recycling industry is moving towards technology, mechanization, and large-scale development, and with the support of environmental protection policies, the harmless recycling of scrap copper treatment has become the focus of attention. It is expected that the  copper scrap recycling market will continue to maintain its growth momentum in the next few years.

This report presents a comprehensive overview, market shares, and growth opportunities of Copper Scrap market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Copper
    Copper Alloys

Segmentation by Application:
    Transportation
    Construction
    Electrical and Electronics
    Industrial Machinery
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Aurubis
    Commercial Metals(CMC)
    SIMS Metal Management
    European Metal Recycling (EMR)
    HKS Metals
    Jansen Recycling Group
    Kuusakoski
    Mallin Companies
    Wieland Group
    OmniSource Corporation
    Reukema
    David J. Joseph
    Jiangxi Copper Company
    Guangdong Hing Kei Group
    Ningbo Jintian Copper

Key Questions Addressed in this Report
What is the 10-year outlook for the global Copper Scrap market?
What factors are driving Copper Scrap market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Copper Scrap market opportunities vary by end market size?
How does Copper Scrap break out by Type, by Application?

Frequently Asked Questions?

Ans - The purpose of a Copper Scrap market research report is to provide data-driven insights and analysis on a Copper Scrap market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Copper Scrap market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.