China Copper Scrap Market Size & Outlook, 2023-2030
China copper scrap market, 2018-2030 (US$M)
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China copper scrap market highlights
- The China copper scrap market generated a revenue of USD 30,046.2 million in 2023 and is expected to reach USD 50,582.8 million by 2030.
- The China 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.
Copper scrap market data book summary
| Market revenue in 2023 | USD 30,046.2 million |
| Market revenue in 2030 | USD 50,582.8 million |
| Growth rate | 7.7% (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, China accounted for 46.2% 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 Asia Pacific, China copper scrap market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,673.2 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 59.65% in 2023. Horizon Databook has segmented the China 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.
China is the world's largest copper producer and consumer, accounting for over one-third of the world's copper consumption. China's copper consumption consists mainly of imports, domestic production, and scrap copper reuse. To meet the demand-supply gap, it relies on the secondary copper industry.
In 2017, the country introduced the National Sword policy, which monitored and stringently reviewed the country’s recyclable waste imports. In November 2020, the government of China announced that the import quota of domestic scrap importers would be abolished from January 2021, which implied that copper waste would no longer be imported by the country.
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Target buyers of China copper scrap market databook
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Our clientele includes a mix of copper scrap market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 China copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into China copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China copper scrap market size, by application, 2018-2030 (US$M)
China Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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