Germany Copper Scrap Market Size & Outlook, 2023-2030
Germany copper scrap market, 2018-2030 (US$M)
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Germany copper scrap market highlights
- The Germany copper scrap market generated a revenue of USD 4,539.3 million in 2023 and is expected to reach USD 7,239.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.9% 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 4,539.3 million |
| Market revenue in 2030 | USD 7,239.9 million |
| Growth rate | 6.9% (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, Germany accounted for 7.0% 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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Germany 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 Germany 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 impact of the Russia-Ukraine conflict is likely to subdue mainstream manufacturing activity, however, growth is expected across sectors as a result of market players finding ways to mitigate the adverse impact. The country’s inflation is expected to ease, and government debt is also projected to decline in 2023 and 2024.
The country has a very robust recycling value chain and a closed-loop economy for efficient material usage. This is backed by the fact that one of Europe's most comprehensive vehicle scrappage programs is in place in the country, offering vehicle owners a USD 3,320 rebate when they trade an older vehicle for a new one in nine years.
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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 Germany copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Germany copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany copper scrap market size, by application, 2018-2030 (US$M)
Germany Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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