Spain Copper Scrap Market Size & Outlook, 2023-2033
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Spain copper scrap market highlights
- The Spain copper scrap market generated a revenue of USD 1,493.1 million in 2023 and is expected to reach USD 3,262.5 million by 2033.
- The Spain market is expected to grow at a CAGR of 8.1% 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 1,493.1 million |
| Market revenue in 2033 | USD 3,262.5 million |
| Growth rate | 8.1% (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, Spain accounted for 2.3% 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 |
Spain 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 55.23% in 2023. Horizon Databook has segmented the Spain copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
According to the 2023 Country Report released by the European Union, Spain witnessed a real GDP growth of 5.5% in 2022, driven by a significant rebound in tourism and the increase in private consumption of goods and services. Going forward, inflation is likely to ease to about 4%, and the economy is projected to expand by 1.9% in 2023.
As with other regional markets, Spain was adversely affected by the receding labor market, and this resulted in unfavorable changes in the scrap sector of the country. The country’s recovery and resilience plan (RRP) are aimed at addressing key challenges related to the transition toward clean energy, digital transition, and economic & social resilience.
The RRP is anticipated to be implemented as a priority, and the scrap sector is hoping to address its challenges of increasing prices and availability, which is currently met primarily through imports. Hence, the scrap demand is likely to witness moderate growth that is outpaced by challenges of economic revival over the forecast period.
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Target buyers of Spain 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 country-level data and insights on the Spain copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Spain copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Spain Feed Material - Copper Scrap Market size, 2023 - 2033 (US$M)
Spain Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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