Spain Copper Scrap Market Size & Outlook, 2023-2030
Spain copper scrap market, 2018-2030 (US$M)
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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 2,424.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.2% 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.
Copper scrap market data book summary
| Market revenue in 2023 | USD 1,493.1 million |
| Market revenue in 2030 | USD 2,424.7 million |
| Growth rate | 7.2% (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, 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 2030.
- In Europe, Germany copper scrap market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,424.7 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
Brass mills was the largest segment with a revenue share of 62.65% in 2023. Horizon Databook has segmented the Spain 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 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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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain copper scrap market size, by application, 2018-2030 (US$M)
Spain Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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