Belgium Copper Scrap Market Size & Outlook, 2023-2030
Belgium copper scrap market, 2018-2030 (US$M)
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Belgium copper scrap market highlights
- The Belgium copper scrap market generated a revenue of USD 962.1 million in 2023 and is expected to reach USD 1,484.6 million by 2030.
- The Belgium market is expected to grow at a CAGR of 6.4% 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.
Copper scrap market data book summary
| Market revenue in 2023 | USD 962.1 million |
| Market revenue in 2030 | USD 1,484.6 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Brass mills |
| Fastest growing segment | Ingot Makers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Belgium accounted for 1.5% of the global copper scrap market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany copper scrap market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,424.7 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Belgium 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 62.65% in 2023. Horizon Databook has segmented the Belgium 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.
According to the Belgian Stability Programmer 2022-2025 report released by the European Commission in 2022, the GDP growth of the country was revised downward to 2.4% in 2022 and is projected to have become 1.5% in 2023. The key factor was the Russia-Ukraine conflict that had a serious impact on the energy prices, and the price of goods produced in the country.
As a foreword to the country’s initiative to regain economic growth, construction activity has been revived. The current priority for the government is to maintain efficiency in material management to achieve a circular economy. In line with this, several companies have been investing in the country to set up new recycling facilities.
For instance, in March 2023, Aurubis, a copper recycling company, commenced the construction of its new recycling facility in Olen, Belgium, for an investment of EUR 70 million (~ USD 75.2 million). The plant is expected to be commissioned in the second half of 2024.
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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 country-level data and insights on the Belgium copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Belgium copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Belgium copper scrap market size, by application, 2018-2030 (US$M)
Belgium Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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