Global Recycled Copper Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Copper Scrap Grade;

Bare Bright Copper, Number 1 Copper, Number 2 Copper, Number 1 Insulated Wire and Others.

By Application;

Building & Construction, Transportation, Industrial Machinery & Equipment , Electrical & Electronics and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn591234813 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Recycled Copper Market (USD Million), 2021 - 2031

In the year 2024, the Global Recycled Copper Market was valued at USD 73,384.86 million. The size of this market is expected to increase to USD 100,537.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The Global Recycled Copper market has emerged as a crucial sector within the broader metals industry, driven by the growing emphasis on sustainability and circular economy principles. Recycled copper, obtained from scrap materials, plays a significant role in meeting the demand for copper products while reducing the environmental impact associated with primary copper production. As industries worldwide seek to minimize their carbon footprint and optimize resource utilization, the adoption of recycled copper has gained traction across various sectors, including construction, electronics, automotive, and renewable energy.

With increasing awareness about the environmental benefits of recycling and the rising demand for copper across diverse industries, the global recycled copper market is witnessing steady growth. The recycling of copper scrap not only conserves valuable natural resources but also helps in reducing greenhouse gas emissions and energy consumption compared to primary copper production. Moreover, recycled copper offers cost advantages and ensures a reliable supply chain, making it an attractive option for manufacturers seeking sustainable and cost-effective raw materials.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Copper Scrap Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Recycled Copper Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental Sustainability

        2. Growing Demand for Copper

        3. Cost Savings from Recycling

      2. Restraints
        1. Fluctuating Scrap Prices

        2. Technological Challenges in Recycling

        3. Competition from Primary Copper Production

      3. Opportunities
        1. Expansion of Recycling Infrastructure

        2. Innovation in Recycling Technologies

        3. Increasing Adoption of Circular Economy Practices

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Recycled Copper Market, By Copper Scrap Grade, 2021 - 2031 (USD Million)
      1. Bare Bright Copper
      2. Number 1 Copper
      3. Number 2 Copper
      4. Number 1 Insulated Wire
      5. Others
    2. Global Recycled Copper Market, By Application, 2021 - 2031 (USD Million)
      1. Building & Construction
      2. Transportation
      3. Industrial Machinery & Equipment
      4. Electrical & Electronics
      5. Other Applications
    3. Global Smart Cooling Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      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. Universal Recycling
      11. Wilton Recycling
      12. LKM Recycling
      13. European Recycled Metal
      14. SA Recycling LLC
      15. Aaron Metals
  7. Analyst Views
  8. Future Outlook of the Market