Recycled Copper Market expected to witness a significant growth rate of 7.10% by 2029.

According to the latest research report published by Market Data Forecast, the global recycled copper market was estimated at USD 252.64 billion in 2023, and it is expected to reach a revised size of USD 355.95 billion by 2029, with a CAGR of 7.10% over the foreseen period of 2024 - 2029.

Secondary processing produces recycled copper of the same quality as the main source mined copper, therefore the two can be used interchangeably. This recycling method uses 80% to 90% less energy than primary production, demonstrating remarkable eco-efficiency.

Global Recycled Copper Market Report Scope:

• Market Size (2029): USD 355.95 Billion
• Market Size (2023): USD 22.64 Billion
• CAGR (2024 to 2029): 7.10%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Application, Copper, and Geography
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players 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.

Market Drivers:

The demand for recycled copper has expanded. This is due to growing economies and increased use in cutting edge and sustainable energy technologies. Also, Recovering and recycling copper is essential to ensuring that people and the planet have a sustainable future.

In addition, the rising awareness of using recycled copper and related alloys to rectify the disparity between the world's supply and demand for copper. As a result, the US experienced a surge in the quantity of these goods that Asian nations were importing. This includes China and India.

Further, The recycled copper market benefits from sustainability and a circular economy. This is because of its 100 percent recyclable nature and endless life cycle make it an ideal choice for resource conservation.

Besides sustainability, the use of copper is accelerating the shift to green technology, such as energy efficient solutions, sustainable building practices and renewable energy systems, all of which lower energy use and carbon emissions. Copper uses offer significant environmental benefits, which are further enhanced by circular value chains that reduce waste and pollution.

Market Restraints:

Every year, this practice saves 40 million tons of CO2 emissions. It is the environmental effect of taking 16 million passenger cars off the road. Furthermore, the expansion of the recycled copper industry will be hampered by price fluctuation and uncertainty.

The price changes of virgin copper have a direct impact on the recycled copper market. Recyclers may find it less profitable to process and sell recycled copper when primary copper prices are low, which could lead to a decrease in recycling activity. On the other hand, high primary copper prices influence market dynamics and can encourage recycling.

Recyclers are finding it difficult to forecast their income and to budget for long-term expenditures in recycling infrastructure and technology due to this pricing fluctuation. Furthermore, it may have an impact on recycled copper's ability to compete with freshly mined copper, which could affect the stability and growth of the market.

Recycled copper market growth is also hindered by the emergence of biocompatible materials or the availability of aluminium substitutes. Furthermore, the market's need for recycled copper may decline as a result of strict government rules handling restricted quantities of copper scraps.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/recycled-copper-market

Key Insights from the Report:

• Based on applicatin, the building and construction is anticipated to dominate the global recycled copper market with the largest market shares.
• Based on copper, the bright and bare copper segment is estimated to dominate the global recycled copper market.
• Asia-Pacific dominated the recycled copper market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the North America region is estimated to grow at the fastest CAGR during the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Application

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

By Copper

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

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENTS:

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 Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
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 & Acquisition 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 (2024-2029)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Recycled Copper Market, By Copper
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 (2024-2029)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Recycled Copper Market, by Region
7.2 North America - Market Analysis (2024-2029)
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
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
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
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
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

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

10. Appendix
List of Tables
List of Figures

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