Recycled Copper Market Size, Share & Trends Analysis Report By Copper Scrap Grade, By Application, By Region, And Segment Forecasts, 2023 To 2030

Copper is a valuable material that can be recycled a number of times without losing its properties.Reintroducing valuable materials into the economy through copper recycling is a particularly eco-efficient method. Compared to primary production, recycling copper uses less energy and emits fewer greenhouse gases. Silver, gold, nickel, lead, zinc, and tin may also be recovered through the recycling of copper from electronic equipment.

The superior electrical conductivity of copper other than silver, copper is primarily employed in the production, distribution, and transmission of electrical energy. Appliances & electronics, transportation, building, and other industries come next. According to the Copper Alliance Organization, 26.7 million tonnes of copper were used between 2009 and 2018. Around 32% of this was obtained through recycling; this percentage is anticipated to increase due to growing public awareness of recycled copper.

The demand for electrical infrastructure and cabling has increased due to speedy industrialization. This is predicted to increase demand for recycled copper because it can be recycled effectively without losing its mechanical qualities. Furthermore, throughout the anticipated years, the market growth is to be supported by rising technical innovation and an increased focus on metal recycling as a result of rigorous legislation.

On the basis of application, the recycled copper market is categorized into building & construction, electrical & electronics, transportation, machinery & equipment, and others. The building & construction segment is expected to hold a major share of the market. Recycled copper provides high thermal and electrical resistance, which has surged its need in the power generation and transmission industry.

Asia Pacific region is expected to hold a major share of the market and is expected to grow at the highest CAGR during the forecasted years. China is a major producer of electronic products globally and increasing demand for recycled copper in electronic production is expected to prosper the market growth during the forecasted years. Furthermore, the surging building and construction in developing economies like India would further support market growth during the coming years.

Some of the key players operating in the recycled copper market are Aurubis AG, Kuusakoski Group Oy, Umicore N.V., LLC, Pacific Metal Pty Ltd, Schnitzer Steel Industries, Inc., OmniSource, Commercial Metals Company, SA Recycling LLC, LKM Recycling.