North America Copper Scrap Market Size & Outlook
North America copper scrap market, 2018-2030 (US$M)
Related Markets
North America copper scrap market highlights
- The North America copper scrap market generated a revenue of USD 7,224.6 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,224.6 million |
| Market revenue in 2030 | USD 11,163.1 million |
| Growth rate | 6.4% (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, North America region accounted for 11.1% 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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North 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 66.68% in 2023. Horizon Databook has segmented the North 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.
North America accounted for about 11.1% of the global copper scrap market, in terms of revenue, in 2023. Wire rod mills and brass mills accounted for the highest share of the total scrap consumption. The market is competitive and there is a high concentration of medium- to small-scale foundries and secondary smelters in the region.
Market players benefit from copper scrap exports to other countries. Copper scrap plays a crucial role in the manufacturing sector as it is an essential raw material in copper production and has a direct impact on the cost of production of copper semi-fabricated products.
Several market players with copper scrap management capabilities collect scraps of other ferrous and non-ferrous metals such as steel, stainless steel, aluminum, nickel, tin, and titanium. Clean technology has become the predominant driver for copper in the region. The increasing demand for copper has resulted in a shortage of copper supply.
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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 North America copper scrap market , including forecasts for subscribers. This continent databook contains high-level insights into North America copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America copper scrap market size, by country, 2018-2030 (US$M)
North America Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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