Press release
Recycled Copper Market Forecast to Reach USD 89.29 Billion by 2030
๐๐๐๐ฒ๐๐ฅ๐๐ ๐๐จ๐ฉ๐ฉ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ข๐ฌ๐๐ ๐๐จ๐ซ ๐๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐กThe global recycled copper market is on a robust growth trajectory, with its size estimated at USD 66.95 billion in 2023 and projected to reach USD 89.29 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.2% during the forecast period.
๐๐๐๐ฒ๐๐ฅ๐๐ ๐๐จ๐ฉ๐ฉ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The increasing emphasis on sustainability and clean energy is driving the demand for recycled copper. Industries such as construction, electronics, automotive, and renewable energy are significant consumers of copper, utilizing it in applications like electrical wiring, plumbing, and machinery components. The recycling of recycled copper not only conserves natural resources but also reduces energy consumption and environmental impact compared to primary copper production.
๐๐จ ๐๐๐ฅ๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/199960/
๐๐๐๐ฒ๐๐ฅ๐๐ ๐๐จ๐ฉ๐ฉ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐:
Vietnam is witnessing a surge in industrial activities, particularly in electronics manufacturing and construction. This growth presents opportunities for the recycled copper market, as industries seek cost-effective and sustainable raw materials. The Vietnamese government's supportive policies towards recycling and sustainable practices further bolster this market.
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐ :
Thailand's automotive and electronics sectors are expanding, leading to increased demand for copper. The utilization of recycled copper in these industries is growing, driven by cost considerations and environmental benefits. Thailand's commitment to sustainable development aligns with the global shift towards recycling and resource efficiency.
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐:
Japan's advanced technological landscape and focus on sustainability have led to efficient recycling systems. The recycled copper market in Japan is characterized by high-quality processing and a steady supply chain, meeting the demands of its robust electronics and automotive industries.
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐:
South Korea's emphasis on green technologies and renewable energy is driving the demand for copper. The recycled copper market is poised for growth, supported by government initiatives promoting recycling and sustainable resource management.
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐:
Singapore's strategic position as a trade hub facilitates the import and export of recycled copper. The nation's commitment to a circular economy and sustainable practices enhances its role in the regional recycled copper market, with efficient recycling processes and stringent quality standards.
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐:
The U.S. is a major player in the global recycled copper market, exporting nearly USD 4.59 billion of recycled copper in 2023. Key export destinations include China, Germany, South Korea, Belgium, and Japan. The market is experiencing consolidation, with significant mergers and acquisitions aimed at expanding regional operations and commercial assets. For instance, in March 2023, ๐๐ข๐ฆ๐ฌ ๐๐๐ญ๐๐ฅ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ ๐๐จ๐ซ๐ญ๐ก๐๐๐ฌ๐ญ ๐๐๐ญ๐๐ฅ ๐๐ซ๐๐๐๐ซ๐ฌ in Pennsylvania, enhancing its presence in the eastern states.
๐น๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐:
Europe's stringent environmental regulations and commitment to sustainability drive the recycled copper market. The region is updating its recycling infrastructure and policies to enhance efficiency and meet the increasing demand for recycled copper in various industries, including construction and electronics.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/199960/
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ข๐ฆ๐ฌ ๐๐๐ญ๐๐ฅ'๐ฌ acquisition of ๐๐จ๐ซ๐ญ๐ก๐๐๐ฌ๐ญ ๐๐๐ญ๐๐ฅ ๐๐ซ๐๐๐๐ซ๐ฌ in March 2023 expanded its operations in the U.S.
The U.S. exported nearly USD 4.59 billion of recycled copper in 2023, with major destinations being China, Germany, South Korea, Belgium, and Japan.
๐๐๐๐ฒ๐๐ฅ๐๐ ๐๐จ๐ฉ๐ฉ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Wire Rod Mills
Brass Mills
Ingot Makers
Foundries
Other
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Construction
Electrical and Electronics
Automotive
Machinery and Equipment
Renewable Energy
Other
According to the end -use industry , the electrical and electronics industry is one of the major consumers of recycled copper . So, the industry is one of the most important shareholders in the recycled copper market . Copper is a good conductor of electricity. It is used for electricity, cables , transformers , motors and electronic components . The high demand for electronics and the growing importance of energy efficiency have led to an increase in demand for recycled copper in this sector . In the electrical field , recycled copper is used in power distribution systems , such as residential , commercial and industrial cables . Copper wires and cables are preferred because of their low electrical resistance , which allows for efficient transmission of electricity . Copper plays a vital role in power electronics , such as inverters and converters , which are essential for various operations .
๐๐๐ง๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/199960/
๐๐๐๐ฒ๐๐ฅ๐๐ ๐๐จ๐ฉ๐ฉ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Aurubis
2. Commercial Metals
3. Sims Limited
4. HKS Metals
5. Jansen Recycling Group
6. Kuusakoski
7. Enerpat Group
8. European Metal Recycling
9. Olin Brass
10. OmniSource Corporation
11. Trademark Metals Recycling LLC
12. Mallin Companies
13. David J. Joseph
14. Mid-West Recycling
15. American Metal Recycling
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ:
Global Utility Asset Management Market https://www.maximizemarketresearch.com/market-report/global-utility-asset-management-market/1138/
Global Atmospheric Water Generator Market https://www.maximizemarketresearch.com/market-report/global-atmospheric-water-generator-market/30618/
Global Hardware in the Loop Market (HIL) https://www.maximizemarketresearch.com/market-report/global-hardware-in-the-loop-market/22511/
Latin America Facial Recognition Market https://www.maximizemarketresearch.com/market-report/latin-america-facial-recognition-market/5973/
Aluminum Die Casting Market https://www.maximizemarketresearch.com/market-report/aluminum-die-casting-market/133357/
India PVC Pipes Market https://www.maximizemarketresearch.com/market-report/india-pvc-pipes-market/21311/
Global B2B Telecommunication Market https://www.maximizemarketresearch.com/market-report/global-b2b-telecommunication-market/63857/
Global Bra Market https://www.maximizemarketresearch.com/market-report/global-bra-market/42268/
Polyurethane Market https://www.maximizemarketresearch.com/market-report/global-polyurethane-market/70607/
Edible Insects Market https://www.maximizemarketresearch.com/market-report/global-edible-insects-market/99518/
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