Recycled Copper Market to Reach $103.51 Billion by 2033
The global recycled copper market is expected to reach USD 103.51 billion by 2033, growing at a compound annual growth rate (CAGR) of 10.8% from its estimated value of USD 55.94 billion in 2026.
A recent report by Coherent Market Insights analyzed the global recycled copper market and found that it is driven by various factors such as government regulations, increasing demand for sustainable products, and technological advancements.
The market has been segmented into two main categories: industrial scrap and post-consumer scrap. The industrial scrap segment accounts for a larger share of the market due to the growing demand for copper in industries such as construction, transportation, and electronics.
According to the report, some of the key companies operating in the global recycled copper market include Sims Metal Management, Nucor Corporation, Commercial Metals Company (CMC), European Metal Recycling Ltd., and Schnitzer Steel Industries Inc.