Belgium Copper Scrap Market Size & Outlook, 2023-2033
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Belgium copper scrap market highlights
- The Belgium copper scrap market generated a revenue of USD 962.1 million in 2023 and is expected to reach USD 1,955.1 million by 2033.
- The Belgium market is expected to grow at a CAGR of 7.3% from 2024 to 2033.
- In terms of segment, new scrap was the largest revenue generating feed material in 2023.
- Old Scrap is the most lucrative feed material segment registering the fastest growth during the forecast period.
Copper scrap market data book summary
| Market revenue in 2023 | USD 962.1 million |
| Market revenue in 2033 | USD 1,955.1 million |
| Growth rate | 7.3% (CAGR from 2024 to 2033) |
| Largest segment | New scrap |
| Fastest growing segment | Old Scrap |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Old Scrap, New Scrap |
| Key market players worldwide | Aurubis AG, Commercial Metals Co, Glencore PLC, OmniSource Corporation, Ames Copper Group, Jain Metal Group |
Other key industry trends
- In terms of revenue, Belgium accounted for 1.5% of the global copper scrap market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany copper scrap market is projected to lead the regional market in terms of revenue in 2033.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 3,262.5 million by 2033.
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Copper Scrap Market Scope
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 |
Belgium 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.
New scrap was the largest segment with a revenue share of 52.23% in 2023. Horizon Databook has segmented the Belgium copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
According to the Belgian Stability Programmer 2022-2025 report released by the European Commission in 2022, the GDP growth of the country was revised downward to 2.4% in 2022 and is projected to have become 1.5% in 2023. The key factor was the Russia-Ukraine conflict that had a serious impact on the energy prices, and the price of goods produced in the country.
As a foreword to the country’s initiative to regain economic growth, construction activity has been revived. The current priority for the government is to maintain efficiency in material management to achieve a circular economy. In line with this, several companies have been investing in the country to set up new recycling facilities.
For instance, in March 2023, Aurubis, a copper recycling company, commenced the construction of its new recycling facility in Olen, Belgium, for an investment of EUR 70 million (~ USD 75.2 million). The plant is expected to be commissioned in the second half of 2024.
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Target buyers of Belgium copper scrap market databook
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Our clientele includes a mix of copper scrap market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Belgium copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Belgium copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Belgium Feed Material - Copper Scrap Market size, 2023 - 2033 (US$M)
Belgium Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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