Copper Scrap Market: By Type (Copper, Copper alloys), By Application (Wire Rod Mills, Brass Mills, Ingot Makers, Others), By End user (Transportation, Construction and Plumbing, Electrical and Electronics, Others) and Geography

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Copper Scrap Market size was valued at USD 65,300 million in 2023 and grew at 4.4% CAGR over the historical years (2019-2023). The Copper Scrap Market is projected to reach USD 89,009 million by 2030 at a CAGR of 4.5%. The growing demand for copper, which is used in a variety of industries such as construction, electronics, transportation, and renewable energy, is likely to boost the copper scrap market. Factors influencing the copper scrap market include worldwide copper pricing, economic conditions, industrial operations, and environmental restrictions. Copper prices fluctuate, affecting the viability of recycling copper scrap. Economic expansion and greater infrastructure development stimulate demand for copper, while environmental restrictions promoting recycling and sustainability further impact market trends. 

Copper Scrap Market Key Developments:
  • On July 11, 2023, Wieland, headquartered in Ulm, Germany, has purchased Farmers Copper Ltd., a copper, brass, and bronze alloy supplier formed in 1980 with two locations in Texas City and San Antonio. The transaction ended on July 10. Farmers Copper has a large and loyal customer base in the aerospace, marine, defence, oil & gas, and electrical markets.

Copper Scrap Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Copper Scrap Market Dynamics

Applications such as electrical wiring, water systems, building infrastructure, and telecommunications networks are needed for infrastructure projects. The need for copper is growing as infrastructural construction picks up speed. Both raw copper and recycled copper, especially copper scrap, are in greater demand. The market's overall demand for copper scrap is driven by infrastructure construction. In addition to being a practical and affordable alternative, the use of recycled materials and copper scrap in infrastructure projects promotes resource efficiency and waste management techniques. This element substantially fuels the expansion of the copper scrap market. However, fluctuating and unexpected copper prices can function as a limiting factor, Sharp drops in copper prices can limit the profitability of recycling copper scrap. In addition, Copper price volatility can cause market disorientation and have an impact on overall demand for copper scrap. Furthermore, technological developments in material separation, purification, and refining procedures have expanded the potential of copper scrap, allowing for market growth and higher value extraction. Technological advancements have substantially increased the efficiency of copper scrap recycling operations.

Copper Scrap Market Segmentation

By Type
  • Copper
  • Copper alloys
By Application
  • Wire Rod Mills
  • Brass Mills
  • Ingot Makers
  • Others
By End User
  • Transportation
  • Construction and Plumbing
  • Electrical and Electronics
  • Others
Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The Copper Scrap Market was valued at USD 65,300.0 million in 2023 and is projected to reach USD 89,009.6 million by 2030, growing at a CAGR of 4.5%.

The increased emphasis on clean energy and sustainability has contributed to a surge in the copper scrap market.

The increased demand for copper due to these technologies makes recycled copper from scrap an affordable and sustainable substitute for virgin copper mining.

Market research is segmented based on type, application, end user and region.

Asia-pacific is estimated to fastest growing with the highest CAGR over the forecast period.

Key Features of the Reports

  • The copper scrap market report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
1.Executive Summary
2.Global Copper Scrap Market Introduction 
2.1.Global Copper Scrap Market  - Taxonomy
2.2.Global Copper Scrap Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.End User
2.2.4.Region
3.Global Copper Scrap Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Copper Scrap Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Copper Scrap Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Copper
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Copper alloys
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Copper Scrap Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Wire Rod Mills
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Brass Mills
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Ingot Makers
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Copper Scrap Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Transportation
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Construction and Plumbing
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Electrical and Electronics
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Copper Scrap Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Copper Scrap Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Copper
9.1.2.Copper alloys
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Wire Rod Mills
9.2.2.Brass Mills
9.2.3.Ingot Makers
9.2.4.Others
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Transportation
9.3.2.Construction and Plumbing
9.3.3.Electrical and Electronics
9.3.4.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Copper Scrap Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Copper
10.1.2.Copper alloys
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Wire Rod Mills
10.2.2.Brass Mills
10.2.3.Ingot Makers
10.2.4.Others
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Transportation
10.3.2.Construction and Plumbing
10.3.3.Electrical and Electronics
10.3.4.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Copper Scrap Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Copper
11.1.2.Copper alloys
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Wire Rod Mills
11.2.2.Brass Mills
11.2.3.Ingot Makers
11.2.4.Others
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Transportation
11.3.2.Construction and Plumbing
11.3.3.Electrical and Electronics
11.3.4.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Copper Scrap Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Copper
12.1.2.Copper alloys
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Wire Rod Mills
12.2.2.Brass Mills
12.2.3.Ingot Makers
12.2.4.Others
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Transportation
12.3.2.Construction and Plumbing
12.3.3.Electrical and Electronics
12.3.4.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Copper Scrap Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Copper
13.1.2.Copper alloys
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Wire Rod Mills
13.2.2.Brass Mills
13.2.3.Ingot Makers
13.2.4.Others
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Transportation
13.3.2.Construction and Plumbing
13.3.3.Electrical and Electronics
13.3.4.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Aurubis Commercial Metals
14.2.2.HKS metals
14.2.3.Olin Brass
14.2.4.Kuusakoski Mallin Companies
14.2.5.Enerpat Group
14.2.6.American Metal Recycling
14.2.7.Jansen Recycling Group
14.2.8.Trademark Metals Recycling LLC
14.2.9.Mid-West Recycling
14.2.10.Omnisource Corporation
14.2.11.European Metal Recycling
15. Research Methodology 
16. Appendix and Abbreviations 
  • Aurubis Commercial Metals
  • HKS metals
  • Olin Brass
  • Kuusakoski Mallin Companies
  • Enerpat Group
  • American Metal Recycling
  • Jansen Recycling Group
  • Trademark Metals Recycling LLC
  • Mid-West Recycling
  • Omnisource Corporation
  • European Metal Recycling

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