Latin America Copper Scrap Market Size & Outlook
Latin America copper scrap market, 2018-2030 (US$M)
Related Markets
Latin America copper scrap market highlights
- The Latin America copper scrap market generated a revenue of USD 3,643.4 million in 2023.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,643.4 million |
| Market revenue in 2030 | USD 5,566.9 million |
| Growth rate | 6.2% (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, Latin America region accounted for 5.6% 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 |
|---|
Latin America 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 66.57% in 2023. Horizon Databook has segmented the Latin America 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.
According to the IMF, the GDP growth rate forecast of Central America and South America for 2023 is 3.8% and 1.0%, respectively. The growth of the copper scrap market is positively influenced by rising copper demand in Central & South America, which is attributed to the rising investments by automobile manufacturers and increasing construction activities in the region.
It accounted for 5.6% of the total revenue share of the global copper scrap market in 2023. Also, to achieve carbon emission goals, governments across the region have been directing their focus toward the adoption of EVs.
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Target buyers of Latin America 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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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 continent-level data and insights on the Latin America copper scrap market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America copper scrap market size, by country, 2018-2030 (US$M)
Latin America Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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