Global Copper Scrap Market Size & Outlook, 2023-2033

The global copper scrap market size was estimated at USD 65,088.3 million in 2023 and is projected to reach USD 142,747.4 million by 2033, growing at a CAGR of 8.2% from 2024 to 2033.
Revenue, 2023 (US$M)
$65,088.3
Forecast, 2033 (US$M)
$142,747.4
CAGR, 2024 - 2033
8.2%
Report Coverage
Worldwide

Global copper scrap market highlights

  • The global copper scrap market generated a revenue of USD 65,088.3 million in 2023 and is expected to reach USD 142,747.4 million by 2033.
  • The market is expected to grow at a CAGR (2024 - 2033) of 8.2% by 2033.
  • In terms of segment, old scrap accounted for a revenue of USD 33,565.6 million in 2023.
  • Old Scrap is the most lucrative feed material segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2033.

Global data book summary

Market revenue in 2023USD 65,088.3 million
Market revenue in 2033USD 142,747.4 million
Growth rate8.2% (CAGR from 2024 to 2033)
Largest segmentOld scrap
Fastest growing segmentOld Scrap
Historical data covered2021 - 2022
Base year for estimation2023
Forecast period covered2024 - 2033
Quantitative unitsRevenue in USD million
Market segmentationOld Scrap, New Scrap

Other key industry trends

  • In terms of revenue, the North America accounted for 11.1% of the global copper scrap market in 2023.
  • By country, the China is projected to lead the global market in terms of revenue in 2033.
  • By country, India is the fastest growing regional market and is projected to reach USD 2,307.8 million by 2033.

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Copper Scrap Market Companies

Name Profile # Employees HQ Website
Jain Metal Group View profile 1001-5000 Chennai, Tamil Nadu, India, Asia https://jainmetalgroup.com
Ames Copper Group View profile 51-100 Shelby, North Carolina, United States, North America https://www.amescoppergroup.com
Aurubis AG View profile 7305 Hovestrasse 50, Hamburg, BY, Germany, 20539 https://www.aurubis.com
Glencore PLC View profile 83426 Baarermattstrasse 3, Baar, Switzerland, CH-6340 https://www.glencore.com
OmniSource Corporation View profile 1001-5000 Fort Wayne, Indiana, United States, North America http://www.omnisource.com/
Commercial Metals Co View profile 13022 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 https://www.cmc.com

Global copper scrap market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to copper scrap market will help companies and investors design strategic landscapes.


Old scrap was the largest segment with a revenue share of 51.57% in 2023. Horizon Databook has segmented the Global copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.


  • Global Copper Scrap Feed Material Outlook (Revenue, USD Million, 2021-2033)
    • Old Scrap
    • New Scrap
  • Global Copper Scrap Scrap Grade Outlook (Revenue, USD Million, 2021-2033)
    • #1 Scrap Copper
    • #2 Scrap Copper
    • Bare Bright
    • Other Scrap Grade
  • Global Copper Scrap Application Outlook (Revenue, USD Million, 2021-2033)
    • Wire Rod Mills
    • Brass Mills
    • Ingot Makers
    • Foundries & Other Industries

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Target buyers of Global copper scrap market databook

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Horizon Databook provides a detailed overview of global-level data and insights on the Global copper scrap market , including forecasts for subscribers. This global databook contains high-level insights into Global copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Global copper scrap market size, by regions, 2021-2033 (US$M)

Top 10 countries: Copper scrap market size, 2023 (US$M)

Global copper scrap market share, by feed material, 2023 & 2033 (%, US$M)

Copper scrap market: Opportunity assessment by country

Global copper scrap market, by region, 2023 (US$M)

Global copper scrap market size, by regions, 2021-2033 (US$M)

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