Asia Pacific Copper Scrap Market Size & Outlook, 2023-2030
Asia Pacific copper scrap market, 2018-2030 (US$M)
Related Markets
Asia Pacific copper scrap market highlights
- The Asia Pacific copper scrap market generated a revenue of USD 38,985.6 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, brass mills was the largest revenue generating application in 2023.
- Ingot Makers is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 38,985.6 million |
| Market revenue in 2030 | USD 65,513.3 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Brass mills |
| Fastest growing segment | Ingot Makers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wire Rod Mills, Brass Mills, Ingot Makers, Foundries & Other Industries |
| 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, Asia Pacific region accounted for 59.9% of the global copper scrap market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65,513.3 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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.
Brass mills was the largest segment with a revenue share of 60.91% in 2023. Horizon Databook has segmented the Asia Pacific copper scrap market based on wire rod mills, brass mills, ingot makers, foundries & other industries covering the revenue growth of each sub-segment from 2018 to 2030.
As per the IMF, the GDP of Asia Pacific is projected to become 4.4% in 2023. According to UNCTAD’s World Investment Report 2023, the FDI inflows in Asia remained at USD 662 billion in 2022, which accounted for almost 50% of the global inflows.
The inflow concentration was mainly in four countries, namely China, Singapore, Hong Kong, and India. The region accounted for 59.9% of the global revenue share of the copper scrap market in 2023. Investments in the region have enhanced the development of different industries, resulting in a rise in demand for copper scrap.
For instance, in August 2023, Hindalco Industries announced an investment of INR 2,000 crore (~USD 240.2 million) to set up a copper and e-waste recycling unit in India. This is expected to allow Hindalco Industries to gain access to secure feedstock for its copper cathode plant.
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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 continent-level data and insights on the Asia Pacific copper scrap market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific copper scrap market size, by country, 2018-2030 (US$M)
Asia Pacific Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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