Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Recycled Copper Market Size is Expected to Grow from USD 41.81 Billion in 2023 to USD 109.09 Billion by 2033, at a CAGR of 10.07% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Recycled Copper Market Size, Share, and COVID-19 Impact Analysis, By Source (Industrial Scrap and Post-Consumer Scrap), By Application (Building & Construction, Transportation, Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Copper that has been salvaged from end-of-life structures and products, such as outdated buildings, plumbing systems, and electrical equipment, and processed for reuse in new products, is referred to as recycled copper. Scrap copper is gathered, separated from other materials, melted, and then cast into new copper goods as part of the recycling process. Recycling copper has several advantages, one of which is that it uses a lot less energy than primary production from raw ore. Recycling copper reduces energy consumption and carbon emissions by up to 85%. Furthermore, copper that has been recycled keeps its qualities, thus it can be utilized in place of freshly extracted copper without sacrificing functionality. Recycling helps to reduce the impact on the environment and enhance resource efficiency by lowering the demand for virgin copper. The global market is experiencing a surge in copper demand due to its widespread applications in the electrical and electronic sectors. Copper's high conductive and corrosion-resistant properties make it an essential metal in wires, cables, circuit boards, appliances, gadgets, automobiles, and infrastructure projects worldwide. The National Non-Ferrous Metal Scrap Recycling Framework was introduced by the Indian government. For instance, through the adoption of innovative technology, environmentally friendly practices, and appropriate procedures and standards, this effort seeks to establish a sustainable scrap recycling ecosystem. Improving recycling rates and lowering the waste of non-ferrous metals like copper are the objectives. However, copper prices are volatile, influenced by macroeconomic conditions and demand forces. Economic booms and busts impact prices, affecting recyclers' profitability and revenue.
The industrial scrap segment is predicted to hold the highest market share through the forecast period.
Based on the source, the recycled copper market is classified into industrial scrap and post-consumer scrap. Among these, the industrial scrap segment is predicted to hold the highest market share through the forecast period. This is because of a rise in industry and industrialization. Industrial scrap dominates the market because of growing production and industrialization. The demand for copper, which is widely utilized in sectors like construction, power, and automotive for applications like wiring and piping, has increased in tandem with the growth of major economies' infrastructure and industry.
The building & construction segment is anticipated to hold the highest market share during the projected timeframe.
Based on the application, the recycled copper market is divided into building & construction, transportation, electronics, and others. Among these, the building & construction segment is anticipated to hold the highest market share during the projected timeframe. Copper is widely used in wiring, piping, and sheeting applications, with the building and construction sector being the largest consumer of recycled copper. Its electrical conductivity and corrosion resistance make it ideal for power infrastructure and plumbing in residential, commercial, and industrial buildings.
Asia Pacific is estimated to hold the largest share of the recycled copper market over the forecast period.
Asia Pacific is estimated to hold the largest share of the recycled copper market over the forecast period. Rapid industrialization, extensive infrastructure projects, and strong government recycling programs like those of the National Development and Reform Commission (NDRC) are the main drivers of the regional market's growth. The increased demand for copper in the area may encourage more people to use recycled copper.
North America is predicted to have the fastest CAGR growth in the recycled copper market over the forecast period. With significant industrial centers in the United States and Canada, the North American area is growing at the quickest rate. North America has a significant presence in industries that are important end users of recycled copper, including electronics, power generation, and construction. Over the years, major corporations in the area have also made large investments in recycling operations and infrastructure.
Competitive Analysis
Major key players in the recycled copper market include Sims Metal Management, Nucor Corporation, Commercial Metals Company (CMC), European Metal Recycling Ltd., Schnitzer Steel Industries, Inc., David J. Joseph Company (DJJ), Recycling Group, OmniSource Corporation, Ferrous Processing & Trading, Metalico, Inc., KWS Environmental, SA Recycling, LLC, BHS (Babcock & Wilcox), Recycled Metal Solutions, Inc., and J.P. Morgan Chase & Co. (Copper trading division), and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the recycled copper market based on the below-mentioned segments:
Global Recycled Copper Market, By Source
Global Recycled Copper Market, By Application
Global Recycled Copper Market, By Regional Analysis
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