Canada Copper Scrap Market Size & Outlook, 2023-2030
Canada copper scrap market, 2018-2030 (US$M)
Related Markets
Canada copper scrap market highlights
- The Canada copper scrap market generated a revenue of USD 427.7 million in 2023 and is expected to reach USD 653.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% 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 427.7 million |
| Market revenue in 2030 | USD 653.0 million |
| Growth rate | 6.2% (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, Canada accounted for 0.7% 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 North America, U.S. copper scrap market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,291.2 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 65.65% in 2023. Horizon Databook has segmented the Canada 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.
The Canadian government is focusing on new light-duty vehicle sales to be electric to 100% by 2035. Due to this, the government has introduced various incentives and initiatives to increase the adoption of EVs in the country. For instance, the Zero-Emission Vehicles (iZEV) Program provides incentives to consumers and encourages the purchase of EVs.
Hence, additional ELVs are expected to be generated, hence increasing the scrap availability in the country. Hence, Canada is a net producer and exporter of copper scrap. There is adequate availability of scrap in the domestic market. Most scrap is exported to countries such as the U.S. and Canada.
The domestic scrap price has been steadily increasing due to consistent demand from foundries that cater to construction industry. Factors such as currency fluctuations (the U.S. dollar versus the Canadian dollar) have played a significant role in the higher volume of scrap exports.
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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 Canada copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Canada copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada copper scrap market size, by application, 2018-2030 (US$M)
Canada Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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