Copper Scrap Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

 Overview

Copper Scrap Market is forecast to reach $72.7 billion by 2025, after growing at a CAGR of 4.1% during 2020-2025. The copper and copper alloy industry's economy depends on any excess materials being commercially recycled. Product waste resulting from production processes is reused and exchanged for recycling to keep the finished product's cost down. Approximately 40% of all production is produced from recycled metal on average. For a few items, the ratio approaches 90%. The report covers Copper Scrap market size by application, Copper Scrap market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Copper Scrap Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Copper Scrap Market.



Key Takeaways

  • Copper is a commodity that is 100% recyclable. The recycling rate of copper is higher than that of any other metal engineering, according to the Copper Development Association. In the U.S., almost as much copper is recycled as mined each year, the rising electronic industries in U.S, have increased the growth of copper scrap.

By Application - Segment Analysis

Copper has a range of attributes that make it useful in today's so many applications. In addition to being flexible, durable, strong and corrosion-resistant, the metal has been found to be a highly efficient conductor of heat and electricity. Metal has been a key to many of man's technological advances, with electricity and telegraphic communications being the most important. The growing demand of copper in electricity wires, have increased the opportunity for the growth of copper scrap globally, which leads the market growth.

Geography - Segment Analysis

APAC is dominating the copper scrap market, China is driving the global market for copper scrap, accounting for over two-fifths of global demand in 2019. The massive construction and electrical and electronic sectors of the country consume huge volumes of copper in electrical wire, pipe, personal and business electronics, and telecommunications equipment production. Strong domestic motor vehicle production, and industrial machinery, further fuel China's copper scrap market. India is expected global copper scrap market's fastest growth by 2019. Robust rises in the construction activity of domestic buildings, driven in part by rising urban population and government investment, would support local copper scrap profits.

Location: United States

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