Mexico Copper Scrap Market Size & Outlook, 2023-2030
Mexico copper scrap market, 2018-2030 (US$M)
Related Markets
Mexico copper scrap market highlights
- The Mexico copper scrap market generated a revenue of USD 161.8 million in 2023 and is expected to reach USD 218.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% 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 161.8 million |
| Market revenue in 2030 | USD 218.8 million |
| Growth rate | 4.4% (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, Mexico accounted for 0.2% 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 North America, U.S. copper scrap market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,291.2 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 64.09% in 2023. Horizon Databook has segmented the Mexico 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 increasing private investment in EVs, industrial, and consumer goods sectors is anticipated to propel the demand for copper and subsequently copper scrap over the forecast period. The USMCA, a free trade agreement between the U.S., Mexico, and Canada, became effective on July 1st, 2020.
In the past decade, the Mexican market has become a desirable location for production within the USMCA zone (previously known as NAFTA). Industries such as automotive, aerospace, electronics, and consumer goods are investing billions in existing and new production capacities.
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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 Mexico copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Mexico copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico copper scrap market size, by application, 2018-2030 (US$M)
Mexico Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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