U.S. Copper Scrap Market Size & Outlook, 2023-2030
U.S. copper scrap market, 2018-2030 (US$M)
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U.S. copper scrap market highlights
- The U.S. copper scrap market generated a revenue of USD 6,635.1 million in 2023 and is expected to reach USD 10,291.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.5% 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 6,635.1 million |
| Market revenue in 2030 | USD 10,291.2 million |
| Growth rate | 6.5% (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, U.S. accounted for 10.2% 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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U.S. 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 66.81% in 2023. Horizon Databook has segmented the U.S. 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 latest statistics released by the World Integrated Trade Solution, World Bank, the U.S. is one of the largest copper scrap suppliers worldwide, and the country exported nearly USD 4.49 billion of copper scrap in 2021. Hence, the country is one of the largest net exporters of copper scrap in the world.
The key export destinations were China, Germany, South Korea, Belgium, and Japan. Further in 2022, 891.8 kilotons of copper were consumed in the form of refined metal and its alloys produced from copper scrap.
Despite the rise in copper scrap prices since 2020 and the prices peaking in April 2022, the demand for copper scrap has been rising due to clean energy, electrification, and the gradual regularization of the recycling value chain.
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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 U.S. copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into U.S. copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. copper scrap market size, by application, 2018-2030 (US$M)
U.S. Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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