Europe Copper Scrap Market Size & Outlook, 2023-2030
Europe copper scrap market, 2018-2030 (US$M)
Related Markets
Europe copper scrap market highlights
- The Europe copper scrap market generated a revenue of USD 14,666.6 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 14,666.6 million |
| Market revenue in 2030 | USD 22,875.0 million |
| Growth rate | 6.6% (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, Europe region accounted for 22.5% 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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Europe 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 64.95% in 2023. Horizon Databook has segmented the Europe 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.
Europe held a revenue share of 22.5% of the global copper scrap market in 2023. According to the World Economic Forum, the European Union (EU) accounts for one-sixth of global trade, with Germany, France, and Italy constituting to more than half of its economic output.
Despite the Russia-Ukraine conflict, energy crisis, and tightening of monetary conditions, the EU economy performed well toward the end of 2022. The European Commission revised the GDP growth for 2023 and 2024 in September 2023, to 0.8% and 1.4% respectively.
The EU has set an ambitious target to become climate-neutral by 2050. Owing to this, the region is witnessing a significant boost in the production of EVs. For instance, in July 2022, Volvo announced an investment of EUR 1.20 billion (USD 1.22 billion) to set up a new manufacturing plant in Slovakia, and the plant is expected to begin production by 2026.
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Our clientele includes a mix of copper scrap market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe copper scrap market , including forecasts for subscribers. This continent databook contains high-level insights into Europe copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe copper scrap market size, by country, 2018-2030 (US$M)
Europe Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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