Europe Copper Scrap Market Size & Outlook, 2026-2033
Global Market
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Europe copper scrap market highlights
- The Europe copper scrap market generated a revenue of USD 5,474.0 million in 2025.
- The market is expected to grow at a CAGR of 8% from 2026 to 2033.
- In terms of segment, new scrap was the largest revenue generating feed material in 2025.
- Old Scrap is the most lucrative feed material segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 5,474.0 million |
| Market revenue in 2033 | USD 9,932.5 million |
| Growth rate | 8% (CAGR from 2026 to 2033) |
| Largest segment | New scrap |
| Fastest growing segment | Old Scrap |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 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, Europe region accounted for 13.8% of the global copper scrap market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 50,797.3 million by 2033.
Europe held a revenue share of 22.5% of the global copper scrap market in 2023. According to the World Economic Forum, the European Union (EU) accounts for one-sixth of global trade, with Germany, France, and Italy constituting to more than half of its economic output.
Despite the Russia-Ukraine conflict, energy crisis, and tightening of monetary conditions, the EU economy performed well toward the end of 2022. The European Commission revised the GDP growth for 2023 and 2024 in September 2023, to 0.8% and 1.4% respectively.
The EU has set an ambitious target to become climate-neutral by 2050. Owing to this, the region is witnessing a significant boost in the production of EVs. For instance, in July 2022, Volvo announced an investment of EUR 1.20 billion (USD 1.22 billion) to set up a new manufacturing plant in Slovakia, and the plant is expected to begin production by 2026.
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Publish Date: Mar 25, 2026
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | www.omnisource.com/ |
| Glencore PLC | View profile | 83,426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | www.glencore.com |
| Aurubis AG | View profile | 7,305 | Hovestrasse 50, Hamburg, BY, Germany, 20539 | www.aurubis.com |
| Ames Copper Group | View profile | 51-100 | Shelby, North Carolina, United States, North America | www.amescoppergroup.com |
| Jain Metal Group | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | jainmetalgroup.com |
Europe 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 Outlook will help companies and investors design strategic landscapes.
New Scrap was the largest segment with a revenue share of 88.47% in 2025.
Horizon Databook has segmented the Europe copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
Europe held a revenue share of 22.5% of the global copper scrap market in 2023. According to the World Economic Forum, the European Union (EU) accounts for one-sixth of global trade, with Germany, France, and Italy constituting to more than half of its economic output.
Despite the Russia-Ukraine conflict, energy crisis, and tightening of monetary conditions, the EU economy performed well toward the end of 2022. The European Commission revised the GDP growth for 2023 and 2024 in September 2023, to 0.8% and 1.4% respectively.
The EU has set an ambitious target to become climate-neutral by 2050. Owing to this, the region is witnessing a significant boost in the production of EVs. For instance, in July 2022, Volvo announced an investment of EUR 1.20 billion (USD 1.22 billion) to set up a new manufacturing plant in Slovakia, and the plant is expected to begin production by 2026.
- Europe Copper Scrap Market Feed Material Outlook (Revenue, USD Million , 2021-2033)
- Old Scrap
- New Scrap
- Europe Copper Scrap Market Scrap Grade Outlook (Revenue, USD Million , 2021-2033)
- Bare Bright
- #1 Scrap Copper
- #2 Scrap Copper
- Other Scrap Grade
- Europe Copper Scrap Market Application Outlook (Revenue, USD Million , 2021-2033)
- Wire Rod Mills
- Brass Mills
- Ingot Makers
- Foundries & Other Industries
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Copper Scrap Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Copper Scrap Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Copper Scrap Market, 2021-2033 (US$M)
Europe Feed Material - Copper Scrap Market Statistics, 2025 - 2033 (US$M)
