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Global Recycled Copper Market Research Report - Segmentation by Application (Building and Construction, Transportation, Industrial Machinery and Equipment, Electricity and Electronics, and Others), Copper Scrap Grade (Bright Bare Copper, Number 1 Copper, Number 2 Copper and Number 1 Insulated Wire) and Region - Industry Forecast 2022 to 2027

Published: January, 2022
ID: 10341
Pages: 175

Recycled Copper Market Size (2022-2027):

The Global Recycled Copper Market was estimated at USD 64 billion in 2021, and it is expected to reach a revised size of USD 95 billion by 2027, with a CAGR of 4.5% over the foreseen period of 2022 - 2027.

Copper scrap collected from various sources is used as a raw material in copper recycling. Metallic copper scrap is separated and processed several times to produce recycled copper. Metallic copper scrap is mainly obtained from a scrap of automotive components, building materials, electronic and electrical products. The global market demand for recycled metals is approximately 825.50 million tons in 2020. Recycled copper is gaining popularity due to its cost-effectiveness, as the production process uses much less energy. Electrical and wiring applications are central concerns for companies in the recycled copper market, as recycled copper retains electrical conductivity. Recycled copper has been found to help increase the energy efficiency of many electrical systems. Also, the copper recycling process consumes much less energy than primary copper production. Therefore, outside of electronics, manufacturers in the recycled copper market are exploring value recovery opportunities in the industrial machinery and equipment sector to expand their revenue streams.

REPORT INFOGRAPHIC

recycled-copper-market

Market Drivers:

Global Recycle Copper Market growth is driven by an increasing emphasis on secondary metal production due to environmental concerns such as energy consumption and waste disposal. Copper is ubiquitous in the equipment that modern life increasingly depends on, including high-tech products, electrical installations, motors, solar systems, and smart buildings. Cabling and electrical infrastructure are key revenue-generating sectors for recycled copper, as copper is widely recycled without losing its chemical and physical properties. The high rate of urbanization and industrialization in Asia Pacific and the Middle East is expected to boost the construction industry, which will have a greater impact on metal demand in the coming years. Constant technological update and increased focus on metal recycling due to strict legislation is likely to improve the metal recycling rate, helping to achieve big gains for the entire market over the course of the forecast period. Recycled copper has been found to help increase the energy efficiency of many electrical systems. The copper recycling process uses much less energy than primary copper production. Therefore, outside of electronics, manufacturers in the recycled copper market are exploring value recovery opportunities in the industrial machinery and equipment sector to expand their revenue streams. Technical advances in design with better performance have led to greater acceptance of electric vehicles. This is expected to boost the transportation segment of the Asia-Pacific recycled copper market in the near future.

Market Restraints:

An inefficient recycling process is a major factor hampering the overall size of the recycled copper market for years to come. For example, the recycling of ferrous metals constitutes more than 40% of its total production. This is attributed to an inefficient recycling process and machines that are unable to obtain scrap from the total waste generated.

RECYCLED COPPER MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022- 2027

CAGR

4.5%

Segments Covered

By Application, Copper Scrap Grade, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Aurubis AG, Commercial Metals Company, Schnitzer Steel Industries, Inc., Umicore N.V., Kuusakoski Group Oy, Sims Metal Management Ltd., OmniSource, LLC, Elgin Recycling, Pacific Metal Pty Ltd, Aaron Metals, Universal Recycling, Wilton Recycling, SA Recycling LLC, European Recycled Metal and LKM Recycling and Others.

Recycled Copper Market

Market Segmentation:

Recycled Copper Market - By Application:

  • Building and Construction
  • Transportation
  • Industrial Machinery and Equipment  
  • Electricity and Electronics

The building and construction segment had a significant share of the global market in 2019. Recycled copper is used in a wide range of applications in the power generation, distribution and transmission industry, due to its high electrical and thermal resistance.

Recycled Copper Market - By Copper Scarp Grade:

  • Bright Bare Copper            
  • Number 1 Copper
  • Number 2 Copper
  • Number 1 Insulated Wire

Bright and bare copper is one of the important qualities of copper scrap.

Market Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

In terms of region, the global recycled copper market has been divided into North America, Europe, Asia-Pacific, Latin America and Central and Africa. Asia-Pacific dominated the global market in 2020. China is a key country in the manufacture of electronic products. The increasing demand for recycled copper in the global electronics market due to rapid urbanization and improved lifestyle has increased the electronics market in China. China plans to make significant investments worth USD 2.7 trillion in the transport and infrastructure sector, which in turn will have a subsequent positive impact on the demand for metals and is therefore likely to contribute significantly. At the total size of the market for recycled metals on time, Europe has a vital share of the global recycled copper market. Germany accounted for a significant part of the recycled copper market in Europe in 2020. It is expected to be the largest copper consuming country in Europe during the forecast period.

Impact of Covid-19 on Recycled Copper Market:

The supply and demand for recycled copper has suffered severely during the COVID-19 pandemic. The corresponding slowdown in the global manufacturing sector has further affected the growth of the recycled copper market. As such, US-based recycling organizations are holding a series of online events to assess copper demand and supply in the coming months. With the help of virtual events, companies in the recycled copper market are gaining momentum in their ideas to continue operating in a slow growing market. Recycling organizations have high hopes for the introduction of intermediate vaccines or antidotes to maintain business continuity and restore worker confidence in manufacturing plants. However, the demand for recycled copper has been found to be gradually collapsing in the automotive sector. As such, recycling companies maintain flexible and stable chains to avoid supply shocks in critical application industries such as electronics and wiring.

Market Key Players:

Prominent players operating in the global Recycled Copper Market include

  1. Aurubis AG
  2. Commercial Metals Company
  3. Schnitzer Steel Industries, Inc
  4. Umicore N.V
  5. Kuusakoski Group Oy
  6. Sims Metal Management Ltd
  7. OmniSource, LLC
  8. Elgin Recycling
  9. Pacific Metal Pty Ltd
  10. Aaron Metals
  11. Universal Recycling
  12. Wilton Recycling
  13. SA Recycling LLC
  14. European Recycled Metal
  15. LKM Recycling

Recent Developments:

  • A drop of more than 60% in exports of copper and copper products in March 2019, mainly due to the closure of Sterlite's Tuticorin plant, has forced EEPC India to urge the government to adopt a copper scrap policy to prevent the importation of substandard and dangerous quality materials.
  • Chinese copper scrap imports are expected to fall about 50% this year, said an official from the CMRA recycling division of the China Non-Ferrous Metals Industry Association.

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Recycled Copper Market, By Application                     

                             6.1.1 Building and Construction

                             6.1.2 Transportation     

                             6.1.3 Industrial Machinery and Equipment         

                             6.1.4 Electricity and Electronics 

                             6.1.5 Market Size Estimations & Forecasts (2022-2027) 

                             6.1.6 Y-o-Y Growth Rate Analysis            

                             6.1.7 Market Attractiveness Index          

              6.2 Recycled Copper Market, By Copper Scrap Grade                   

                             6.2.1 Bright Bare Copper            

                             6.2.2 Number 1 Copper

                             6.2.3 Number 2 Copper

                             6.2.4 Number 1 Insulated Wire 

                             6.2.5 Market Size Estimations & Forecasts (2022-2027) 

                             6.2.6 Y-o-Y Growth Rate Analysis            

                             6.2.7 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2022 - 2027)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Application      

                             7.2.3 By Copper Scrap Grade     

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Application      

                             7.3.3 By Copper Scrap Grade     

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Application      

                             7.4.3 By Copper Scrap Grade     

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Application      

                             7.5.3 By Copper Scrap Grade     

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Application      

                             7.6.3 By Copper Scrap Grade     

8. Key Player Analysis                                

              8.1 Aurubis AG               

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Schnitzer Steel Industries, Inc                          

              8.3 Umicore N.V                           

              8.4 Kuusakoski Group Oy                          

              8.5 Sims Metal Management Ltd                           

              8.6 OmniSource, LLC                   

              8.7 Elgin Recycling                        

              8.8 Aaron Metals                         

              8.9 Wilton Recycling                    

              8.10 LKM Recycling                      

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  1. Global Recycled Copper Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Recycled Copper Market By Application, From 2022 - 2027 ( USD Billion )
  3. Global Building and Construction Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Transportation Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Industrial Machinery and Equipment Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Electricity and Electronics Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Recycled Copper Market By Copper Scrap Grade, From 2022 - 2027 ( USD Billion )
  8. Global Bright Bare Copper Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Number 1 Copper Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Number 2 Copper Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Number 1 Insulated Wire Market By Region, From 2022 - 2027 ( USD Billion )

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