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

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.

๐‘๐ž๐š๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ -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

๐†๐ž๐ญ ๐๐ƒ๐… ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐Ÿ๐จ๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž -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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง -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.

๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž | ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.transparencymarketresearch.com/checkout.php?rep_id=76591

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

Nikhil Sawlani
Transparency Market Research Inc.
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