The Global copper scrap market research presents critical insights into forecasts of scrap direct melt and secondary refined production. The report also presents forecasts of copper scrap applications including building and construction, consumer goods, industrial machinery, electrical and electronics, automotive, power generation, and others. Further, companies and their strategies are also analysed in the report.

 

Copper Scrap Market Statistics

• The global copper scrap Market Size stood at US$ 40.8 billion in 2021 and is poised to register 6.57% growth over the forecast period from 2021 to 2028
• Electrical and electronics is the largest application for copper scrap worldwide, with a 29.5% market share. Other key uses of Copper Scrap analyzed in the report include building and construction, industrial machinery, consumer goods/appliances, automotive, power generation, and others.  
• Driven by rapid adoption across different applications, Asia Pacific dominates the global Copper Scrap market with over 66.5% market share in value terms.
• Key market driving forces include global copper demand growth driven by electric vehicle sales, global scrap use outlook including secondary refined production and scrap direct melt, growing demand for electrical and electronics segment, distinct properties of copper, growth in power and electrical equipment sector in emerging economies, costs of mining continue to increase, and others are identified among main market dynamics
• On the other hand, challenges associated with Competition from substitutes, Near term Copper Mine supply remains solid but long term looks weak, the negative impact of COVID-19 pandemic restrict the market growth
• The market is highly fragmented in nature with intense competitive conditions among leading market players such as Kuusakoski Oy, Jansen Recycling Group, HKS Metals , Commercial Metals Company, European Metal Recycling and others

 

Global Copper Scrap Market Size Outlook, USD Billion, 2020- 2028

The global Copper Scrap market size is estimated to reach $63.7 Billion in 2028 from $40.8 Billion in 2021, at a CAGR of 6.57% between 2021 and 2028.

 

Copper Scrap Industry Panorama

The copper scrap market is witnessing steady growth over the recent past, driven by robust growth in end-user demand. In particular, the demand for renewable energy and electric vehicles is encouraging market growth. Further, several small to medium-scale companies are importing and re-exporting scrap to gain from the robust demand in China.

The consumption outlook is predominantly dependent on economic trends in end-user industries. Copper reached an all-time high during the second quarter of 2021, trading above US$10,700 for the first time. Copper Scrap is energy-efficient compared to primary metal. However, the copper scrap recycling rate is largely influenced by copper price. Expectations of demand for copper in Electric vehicles continued to drive prices in 2021. This led to robust market demand for scrap metal.

Superior properties of copper include high ductility, malleability, thermal and electrical conductivity, resistance to corrosion, and others, copper is a widely consumed industrial metal, after iron and aluminum in volume terms. Similar to other metals, copper is 100 percent recyclable and retains its quality. Further, it offers environmental benefits of saving energy, reducing emissions of greenhouse gases and other air pollutants, and others.

Building construction, electronics, electronic products, transportation, industrial machinery, consumer and general products, and other industries continue to consume large volumes of copper, providing strong scope for the metal.

 

Copper Scrap Market Trends- Global copper demand growth is driven by electric vehicle sales

The global copper demand in vehicles is estimated to be around 2 million tonnes. Currently, around 0.5 million tonnes are used in electric vehicles. Driven by the rapid growth in electric vehicles, the consumption of copper is expected to increase to around 4 million tonnes by 2030. Of this, the demand for electric vehicles and hybrid vehicles is estimated to be around 3 million tonnes.

A significant portion of this demand will be met through copper scrap, in particular, high-grade scrap, primarily in the battery as a foil for the anode material.

 

Copper Waste and Scrap Exports by Country

Among the leading exporters of copper waste and scrap, the US remains the largest market worldwide. The country predominantly exports low-grade copper to other countries. Germany, Japan, France, and other countries continue to be the leading exporters, with the majority of the exports destined to China. Further, several South East Asian countries are emerging as trade hubs for metal scrap, to gain from the robust market potential.

 

Copper Scrap Market Report Segmentation

• Applications
  • Building and Construction
  • Consumer Goods
  • Industrial Machinery
  • Electrical and Electronics
  • Automotive
  • Power Generation
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America

 

 

 

1. TABLE OF CONTENTS   2

List of Tables       6

List of Figures      8

 

2. EXECUTIVE SUMMARY                11

Summary              11

Copper Scrap Industry Outlook, 2020 – 2028             12

Abbreviations      13

 

3. INTRODUCTION TO COPPER SCRAP MARKET      14

Market Segments - Types, Applications, and Regions             14

Research Methodology    15

 

4. MACRO FACTORS SHAPING THE COPPER SCRAP MARKET OUTLOOK        16

Economic Factors               16

Demographic Factors        17

 

5. OVERVIEW OF THE COPPER SCRAP MARKET       18

Copper Scrap Industry Panorama  18

Copper Scrap Companies Profiled in the Report        20

Copper Scrap Market Dynamics     20

Copper Scrap Market Challenges  28

Regional Analysis               29

 

6. TRENDS IN THE COPPER SCRAP MARKET USES   30

Largest Applications          30

Copper Scrap Market Size Outlook in Building and Construction          31

Copper Scrap Market Size Outlook in Consumer Goods          32

Copper Scrap Market Size Outlook in Industrial Machinery    33

Copper Scrap Market Size Outlook in Electrical and Electronics            34

Copper Scrap Market Size Outlook in Automotive     35

Copper Scrap Market Size Outlook in Power Generation        36

Copper Scrap Market Size Outlook in Others              37

 

7. GLOBAL OUTLOOK ACROSS COVID-19 RECOVERY SCENARIOS    38

Low Growth Scenario        39

Reference Case Scenario 39

High Growth Case Scenario             40

 

8. NORTH AMERICA COPPER SCRAP MARKET ANALYSIS AND OUTLOOK      41

North America Copper Scrap Market Size Outlook   41

North America Copper Scrap Market Trends and Opportunities          42

North American Copper Scrap Market by Application              42

The US dominates the North American Copper Scrap Market               43

 

Market Outlook by Country             44

United States Copper Scrap Market Size Outlook     44

Canada Copper Scrap Market Size Outlook 46

Mexico Copper Scrap Market Size Outlook 47

 

9. EUROPE COPPER SCRAP MARKET ANALYSIS AND OUTLOOK        48

Europe Copper Scrap Market Size Outlook  48

Europe Copper Scrap Market Trends and Opportunities         49

European Copper Scrap Market by Application          49

Germany dominates the European Copper Scrap Market      50

 

Market Outlook by Country             51

Germany Copper Scrap Market Size Outlook              51

United Kingdom Copper Scrap Market Size Outlook 53

France Copper Scrap Market Size Outlook  54

Spain Copper Scrap Market Size Outlook     55

Italy Copper Scrap Market Size Outlook       56

Other Europe Copper Scrap Market Size Outlook      57

 

10. ASIA PACIFIC COPPER SCRAP MARKET ANALYSIS AND OUTLOOK            58

Asia Pacific Copper Scrap Market Size Outlook          58

Asia Pacific Copper Scrap Market Trends and Opportunities 59

Asia Pacific Copper Scrap Market by Application       59

China dominates the Asia Pacific Copper Scrap Market          60

 

Market Outlook by Country             61

China Copper Scrap Market Size Outlook    61

India Copper Scrap Market Size Outlook      63

Japan Copper Scrap Market Size Outlook    64

South Korea Copper Scrap Market Size Outlook

Other Asia Pacific Copper Scrap Market Size Outlook              65

 

11. LATIN AMERICA COPPER SCRAP MARKET ANALYSIS AND OUTLOOK      66

Latin America Copper Scrap Market Size Outlook     66

Latin America Copper Scrap Market Trends and Opportunities            67

Latin American Market Copper Scrap by Application               67

Brazil dominates the Latin America Copper Scrap Market     68

 

Market Outlook by Country             69

Brazil Copper Scrap Market Size Outlook    69

Argentina Copper Scrap Market Size Outlook            70

Other Latin America Copper Scrap Market Size Outlook         71

 

12. MIDDLE EAST AND AFRICA COPPER SCRAP MARKET ANALYSIS AND OUTLOOK  72

Middle East and Africa Copper Scrap Market Size Outlook     72

Middle East and Africa Copper Scrap Market Trends and Opportunities            73

The Middle East and Africa Copper Scrap Market by Application         73

Middle East dominates the MEA Copper Scrap Market          74

 

Market Outlook by Country             75

Middle East Copper Scrap Market Size Outlook         75

Africa Copper Scrap Market Size Outlook    76

 

13. COMPETITIVE LANDSCAPE      77

Kuusakoski Oy     77

Jansen Recycling Group    84

HKS Metals          91

Commercial Metals Company        97

European Metal Recycling               103

 

14. APPENDIX     119

About USD Analytics         

Sources and Research Methodology            

Copyright             

 

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