Copper Scrap Market Expected to Reach USD 149.33 Billion by 2034, Boosted by Growing Recycling Initiatives and a CAGR of 8.9%

Market Overview

The latest market study published by Polaris Market Research titled Copper Scrap Market Size, Share, Trends, Industry Analysis Report By Feed Material (Old Scrap, New Scrap), By Scrap Grade, By Application, By End Use, By Region – Market Forecast, 2025–2034 is designed to provide users with an in-depth understanding of the market. A comprehensive historical analysis of the market is given, along with extensive market forecasts by region/country and subsectors.

The primary objective of this report is to help readers gain insights into Copper Scrap Market size, trends, sales volume, revenue, historical growth, latest developments, and future outlooks. It offers a qualitative and quantitative analysis of leading participants, expansion plans, geographical regions, and share valuations across all regions.

Copper Scrap Market Size

The global copper scrap market was valued at USD 63.81 billion in 2024 and is projected to expand at a CAGR of 8.9%, reaching USD 149.33 billion by 2034. The market is supported by rising demand for sustainable metal recycling, infrastructure development, and the electronics and automotive industries.

What Is Aim of This Report?

The purpose of the market research is to get a thorough understanding of the industry's potential and to offer insights that will help businesses make wise decisions. The study is an essential part of the industry analysis that focuses on key dynamics, SWOT analysis, demand-supply scenario, pricing structure, profit margins, production, and value chain analysis. The report analyzes the unique characteristics and behaviors of each segment that assist users in developing targeted marketing strategies that are tailored to the specific needs and preferences of their customers. The study offers a thorough analysis of the Copper Scrap Market segmentation, including application, product, and service types and several geographic locations.

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Market Dynamic Factors

This report lists the various actors that have contributed to the market's upward trajectory. In-depth trends and opportunities in the Copper Scrap Market are highlighted in the analysis. The study report also enables customers to recognize opportunities and difficulties. The research goes on to identify the principal impediments to industry development. Based on the SWOT and Porter's Five Forces models, market dynamics are evaluated, covering the important demand and price variables.

Competitive Landscape Analysis

Another significant portion of this study discusses the competitive landscape of the market. The market's top players are examined in the study. The Copper Scrap Market key players have been described in terms of their key attributes in the information. The section examines their supply chains, potential for growth, Copper Scrap Market share, product portfolio, capacity, cost, revenue, capabilities, expansions, investments, mergers and acquisitions, manufacturer advancements, volume, and clientele. Financial and SWOT analysis contribute to a deeper understanding of the market.

Key Players

• Ames Copper Group
• Aurubis AG
• Commercial Metals Company
• European Metal Recycling
• Glencore PLC
• Jain Metal Group
• KGHM METRACO S.A.
• Kuusakoski Recycling
• OmniSource, LLC
• Sims Limited

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Segment Insights

Copper Scrap Market, Application Outlook (Revenue - USD Billion, 2020-2034)

• Wire Rod Mills
• Brass Mills
• Ingot Makers
• Foundries
• Other Industries

Copper Scrap Market, Feed Material Outlook (Revenue - USD Billion, 2020-2034)

• Old Scrap
• New Scrap

Copper Scrap Market, End-use Outlook (Revenue - USD Billion, 2020-2034)

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

Copper Scrap Market, Scrap Grade Outlook (Revenue - USD Billion, 2020-2034)

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

Regional Analysis

Further, the report goes on to discuss how the Copper Scrap Market has grown internationally and across various sectors and regions. The regional analysis included in the study provides information at the regional as well as national level by several market segments. Additionally, the study includes information on the origins of raw materials, downstream consumers, and industrial chain analyses. The forecast analysis section includes vital information on global production and revenue projection, as well as regional forecasts.

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The Report Provides You Answer to Below Mentioned Question

Q1. What are the copper scrap market statistics?

Ans: The global market was valued at USD 63.81 billion in 2024 and is projected to reach USD 149.33 billion by 2034.

Q2. What is the growth rate of the copper scrap market?

Ans: The market is expected to grow at a CAGR of 8.9% during the forecast period.

Q3. Which region held the largest market share in 2024?

Ans: Asia Pacific held the largest market share in 2024.

Q4. Who are the key players in the market?

Ans: Key players include Aurubis AG, Sims Limited, Glencore PLC, Commercial Metals Company, OmniSource, LLC, Ames Copper Group, Jain Metal Group, European Metal Recycling, Kuusakoski Recycling, and KGHM METRACO S.A.

Q5. Which feed material segment dominated the market in 2024?

Ans: The old scrap segment held the largest revenue share in 2024.

Q6. Which scrap grade segment is expected to witness the fastest growth?

Ans: The bare bright segment is projected to grow at the fastest rate during the forecast period.

Report Summary

Moreover, a new task SWOT analysis, a venture attainability investigation, and a venture return analysis are all determined by the study. Overall, the report promises to be a reliable resource for choosing the market research that can boost your company. The study also includes a development strategy for the industry, research findings, an appendix, and a conclusion. It also highlights the most recent advancements in the Copper Scrap Market.

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About Polaris Market Research & Consulting, Inc.

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