Recycled Copper Market to Surpass Valuation of US$ 41.7 Bn by 2030

Recycled Copper Market: Introduction

In terms of value, the global recycled copper market is anticipated to expand at a CAGR of 3.5%, in terms of volume, from 2020 to 2030. Green manufacturing practices and recycling of copper are being adopted by several manufacturers to meet the increasing demand for copper across the globe. The implementation of stringent regulations on CO2 emissions is expected to boost the production of recycled copper in the near future.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/recycled-copper-market.html

Building & construction is the leading application segment of the global recycled copper market due to the increase in infrastructure development activities across the globe. Regulations on the usage of recycled copper in the industry are less stringent compared to those in automotive and electrical & electronics industries

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76591

Building & Construction to Offer Lucrative Opportunities

Based on application, the global recycled copper market has been divided into building & construction, transportation, industrial machinery & equipment, electrical & electronic, and others. In terms of value, the building & construction segment dominated the global recycled copper market in 2019. The segment is anticipated to expand at a CAGR of more than 4% during the forecast period. Copper is used in building & construction applications due to its esthetic properties and high weather resistance.

Copper, brass, and recycled copper are materials of choice for usage in plumbing, taps, valves, and fittings. The use of copper help prevent the transfer of microbes, as it possesses antimicrobial properties. Copper roofing, in addition to being attractive, is well-known for its resistance to extreme climatic conditions. The increase in demand for copper in the building & construction industry is estimated to drive the global recycled copper market during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=76591

Asia Pacific to be Lucrative Region of Recycled Copper Market

Based on region, the global recycled copper market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, Asia Pacific accounted for a significant share of the global recycled copper market in 2019. This trend is projected to continue during the forecast period. China is a leading producer and consumer of recycled copper in the region. India and China are the two leading economies in Asia Pacific. These countries are anticipated to offer immense opportunities to the recycled copper market in the near future.

The demand for recycled copper is likely to rise significantly in the building & construction application segment in Asia Pacific during the forecast period due to rise in new construction activities; growth in refurbishing and renovation activities; and infrastructure development.

Europe is a high potential region of the global recycled copper market. According to the International Copper Study Group (ICSG), recycled copper accounts for around 50% of copper consumed in Europe.

𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 | 𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.transparencymarketresearch.com/checkout.php?rep_id=76591

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