According to a research report published by Spherical Insights & Consulting, the Global Copper Scrap Market Size Expected to Grow from USD 67.27 Billion in 2023 to USD 129.17 Billion by 2033, at a CAGR of 6.74% during the forecast period 2023-2033.

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Copper scrap, a valuable and reusable material, includes discarded copper cable and plumbing pipes, renowned for its excellent conductivity and malleability. Copper is crucial in various industries as attributed to its conductivity and corrosion resistance. Recycling scrap copper into new goods is eco-friendly and energy-efficient. It is a valuable recyclable resource, reducing energy consumption and environmental impact. The copper scrap market is expected to grow attributed to demand in electronics, renewable energy, construction, and transportation. The electrical and electronics sector is the largest consumer of copper scrap. Copper is used in construction, electronics, automobile, and renewable energy industries. The market for copper scrap is expanding ascribed of its cost-effectiveness and sustainability. Incorporating copper scrap into infrastructure projects enhances resource efficiency and waste management. The growing demand for electric vehicles and copper scrap in healthcare contributes to copper scrap market growth. However, the global copper scrap market growth may be hindered by factors like fluctuating import and customs duties, raw material prices, nickel price volatility, stringent environmental laws, and health risks from increased sulfur dioxide emissions from copper waste melting.

Browse key industry insights spread across 189 pages with 120 Market data tables and figures & charts from the report on the Global Copper Scrap Market Size, Share, and COVID-19 Impact Analysis, By Feed Material (Old Scrap, New Scrap), By Grade (Bare Bright, #1 Copper, and #2 Copper Scrap), By Application (Wire Rod Mills, Brass Mills, Ingots Makers, and  Other), By End-use (Building & Construction, Electrical & Electronics, Industrial Machinery & Equipment, Transportation Equipment, and Consumer & General Products), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The old scrap segment is predicted to hold the largest share of the global copper scrap market throughout the projected timeframe.

Based on the feed material, the global copper scrap market is categorized as old scrap and new scrap. Among these, the old scrap segment is predicted to hold the largest share of the global Copper Scrap market throughout the projected timeframe.  End-of-life scrap, also known as old scrap or consumer scrap, is produced when a product’s useful life is over. It is often obtained from companies like C&D, ELVs, WEE, IEW, and INEW, and requires further cleaning before being considered clean scrap.

The #2 copper scrap segment is predicted to grow at the fastest CAGR during the projected timeframe.       

Based on the grade, the global copper scrap market is categorized as bare bright, #1 copper, and #2 copper scrap. Among these, the #2 copper scrap segment is predicted to grow at the fastest CAGR during the projected timeframe. Waste made from solid metal, pipe, or unalloyed wire with a minimum of 94-96% copper content, used in wire, fittings, pipes, and tubes, with bare, 1/16 inch diameters qualifying. This type of copper grade is widely used in construction attributed to its affordability and provision of soldered pipes, wires, and painted plumbing tubes.

The brass mills segment is expected to dominate the global copper scrap market throughout the projected timeframe.       

Based on the application, the global copper scrap market is categorized as wire rod mills, brass mills, ingots makers, and others. Among these, the brass mills segment is expected to dominate the global copper scrap market throughout the projected timeframe. Brass is produced by melting copper and zinc, using copper scrap and alloy, forming several materials like tubes, sheets, bars, rods, extrusions, forgings, and mechanical wires.

The electrical and electronics segment is predicted to grow at the fastest CAGR throughout the projected timeframe

Based on the end-use, the global copper scrap market is categorized as building & construction, electrical & electronics, industrial machinery & equipment, transportation equipment, consumer and general products. Among these, the electrical and electronics segment is expected to grow at the fastest CAGR throughout the projected timeframe. Copper scrap usage is increasing in electrical, electronics, automotive, and transportation sectors attributed to global demand for electronic goods, energy conservation, and increased investments in electric vehicle production.

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Asia Pacific is anticipated to hold the largest share of the global copper scrap market throughout the projected timeframe.

Asia Pacific is anticipated to hold the largest share of the global copper scrap market throughout the projected timeframe. Rapid urbanization and industrialization have led to increased demand for copper scrap, particularly in the electrical and electronic devices sector. The strong industrial base of this region in the automotive, electrical, and electronics sectors requires a significant amount of copper for wires, cables, and pipelines.

North America is predicted to grow at the fastest CAGR growth of the global copper scrap market throughout the projected time frame. In North America, demand for recycled copper is increasing ascribed to its role in infrastructure renovation, construction, and electric vehicles, as well as its sustainable nature, promoting the copper scrap growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global copper scrap market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the marketMajor vendors in the global copper scrap market are Aurubis, Commercial Metals, Sims Limited, HKS Metals, Jansen Recycling Group, Kuusakoski, Enerpat Group, European Metal Recycling, Olin Brass, OmniSource Corporation, Trademark Metals Recycling LLC, Mallin Companies, David J. Joseph, Mid-West Recycling, American Metal Recycling, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In October 2024, Nexans, a global leader in electrification, announced a major industrial partnership agreement with Continuus Properzi, a specialist in continuous casting technologies, to build an innovative copper production and recycling plant at the Nexans site in Lens, northern France.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global copper scrap market based on the below-mentioned segments:

Global Copper Scrap Market, By Feed Material

• Old Scrap
• New Scrap

Global Copper Scrap Market, By Grade

• Bare Bright
• #1 Copper
• #2 Copper Scrap

Global Copper Scrap Market, By Application

• Wire Rod Mills
• Brass Mills
• Ingots Makers
• Others

Global Copper Scrap Market, By End-use

• Building & Construction
• Electrical & Electronics
• Industrial Machinery & Equipment
• Transportation Equipment
• Consumer & General Products

Global Copper Scrap Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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