Global Copper Scrap Market Research Report 2024

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 was valued at US$ 63010 million in 2023 and is anticipated to reach US$ 84900 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.

Global Copper Scrap Market Trends

The market for copper scrap is driven by the growing importance of recycling and sustainability.
Because copper is readily recyclable, using scrap copper lessens the need for virgin copper
mining, which has a negative impact on the environment. The market for copper scrap is rising
as a result of sectors using recycled copper due to increased awareness of resource
conservation and the need to lower carbon footprints.

Due to copper's superior electrical conductivity, thermal qualities, and resistance to corrosion, a
number of sectors, including electronics, automotive, and construction, are major consumers of
copper scrap. The market for copper scrap is driven by the growing demand for electronic
products, electric cars, and renewable energy sources.

Global Copper Scrap Market Share

Manufacturers of core copper scrap across the world include Jansen Recycling Group, Aurubis,
European Metal Recycling (EMR), Commercial Metals (CMC), and HKS Metals. A stake over
10% is held by the top 5 corporations. With a market share of over 70%, Asia-Pacific is the
largest, followed by North America and Europe, with respective shares of roughly 11% and
13%.
The purpose of this report is to give readers a thorough understanding of the global market for
copper scrap, along with a quantitative and qualitative analysis, so they can build business and
growth strategies, evaluate the competitive landscape, assess their place in the market, and
make well-informed decisions about copper scrap.