Italy Copper Scrap Market Size & Outlook, 2023-2033
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Italy copper scrap market highlights
- The Italy copper scrap market generated a revenue of USD 1,938.9 million in 2023 and is expected to reach USD 3,910.2 million by 2033.
- The Italy market is expected to grow at a CAGR of 7.3% from 2024 to 2033.
- In terms of segment, new scrap was the largest revenue generating feed material in 2023.
- Old Scrap is the most lucrative feed material segment registering the fastest growth during the forecast period.
Copper scrap market data book summary
| Market revenue in 2023 | USD 1,938.9 million |
| Market revenue in 2033 | USD 3,910.2 million |
| Growth rate | 7.3% (CAGR from 2024 to 2033) |
| Largest segment | New scrap |
| Fastest growing segment | Old Scrap |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Old Scrap, New Scrap |
| 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, Italy accounted for 3.0% of the global copper scrap market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany copper scrap market is projected to lead the regional market in terms of revenue in 2033.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 3,262.5 million by 2033.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jain Metal Group | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://jainmetalgroup.com |
| Ames Copper Group | View profile | 51-100 | Shelby, North Carolina, United States, North America | https://www.amescoppergroup.com |
| Aurubis AG | View profile | 7305 | Hovestrasse 50, Hamburg, BY, Germany, 20539 | https://www.aurubis.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://www.omnisource.com/ |
| Commercial Metals Co | View profile | 13022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | https://www.cmc.com |
Italy 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.
New scrap was the largest segment with a revenue share of 54.16% in 2023. Horizon Databook has segmented the Italy copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
In November 2021, the Italian government came up with a new recovery and resilience plan (RRF) to foster economic growth from 1.5% to 2.5% by 2026, as part of the post-COVID phase. Through the RRF, the government is expected to invest in the construction of public buildings, renewable energy infrastructure, and waste & water management.
This plan is anticipated to positively influence the consumption of copper, and subsequently increase scrap consumption. In addition, relevant government policies with respect to EVs are anticipated to drive the copper scrap market over the forecast period.
For instance, in April 2022, as per the International Trade Administration, U.S. Department of Commerce, the Italian government passed a decree to allocate EUR 650 million (~USD 709 million) per year from 2022 to 2024 as an incentive to buy EVs.
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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 country-level data and insights on the Italy copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Italy copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Italy Feed Material - Copper Scrap Market size, 2023 - 2033 (US$M)
Italy Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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