U.S. Copper Scrap Market Size & Outlook, 2023-2033
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U.S. copper scrap market highlights
- The U.S. copper scrap market generated a revenue of USD 6,635.1 million in 2023 and is expected to reach USD 13,579.6 million by 2033.
- The U.S. market is expected to grow at a CAGR of 7.4% 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 6,635.1 million |
| Market revenue in 2033 | USD 13,579.6 million |
| Growth rate | 7.4% (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, U.S. accounted for 10.2% 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 |
U.S. 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 84.28% in 2023. Horizon Databook has segmented the U.S. copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
According to the latest statistics released by the World Integrated Trade Solution, World Bank, the U.S. is one of the largest copper scrap suppliers worldwide, and the country exported nearly USD 4.49 billion of copper scrap in 2021. Hence, the country is one of the largest net exporters of copper scrap in the world.
The key export destinations were China, Germany, South Korea, Belgium, and Japan. Further in 2022, 891.8 kilotons of copper were consumed in the form of refined metal and its alloys produced from copper scrap.
Despite the rise in copper scrap prices since 2020 and the prices peaking in April 2022, the demand for copper scrap has been rising due to clean energy, electrification, and the gradual regularization of the recycling value chain.
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Target buyers of U.S. 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 U.S. copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into U.S. copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
US Feed Material - Copper Scrap Market size, 2023 - 2033 (US$M)
U.S. Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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