Canada Copper Scrap Market Size & Outlook, 2023-2033
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Canada copper scrap market highlights
- The Canada copper scrap market generated a revenue of USD 427.7 million in 2023 and is expected to reach USD 855.9 million by 2033.
- The Canada market is expected to grow at a CAGR of 7.2% 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 427.7 million |
| Market revenue in 2033 | USD 855.9 million |
| Growth rate | 7.2% (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, Canada accounted for 0.7% 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 North America, U.S. copper scrap market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,579.6 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 |
Canada 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 90.27% in 2023. Horizon Databook has segmented the Canada copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
The Canadian government is focusing on new light-duty vehicle sales to be electric to 100% by 2035. Due to this, the government has introduced various incentives and initiatives to increase the adoption of EVs in the country. For instance, the Zero-Emission Vehicles (iZEV) Program provides incentives to consumers and encourages the purchase of EVs.
Hence, additional ELVs are expected to be generated, hence increasing the scrap availability in the country. Hence, Canada is a net producer and exporter of copper scrap. There is adequate availability of scrap in the domestic market. Most scrap is exported to countries such as the U.S. and Canada.
The domestic scrap price has been steadily increasing due to consistent demand from foundries that cater to construction industry. Factors such as currency fluctuations (the U.S. dollar versus the Canadian dollar) have played a significant role in the higher volume of scrap exports.
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Target buyers of Canada 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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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 Canada copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Canada copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada Feed Material - Copper Scrap Market size, 2023 - 2033 (US$M)
Canada Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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