Copper Recycling Market Report 2025 (Global Edition)

Global Copper Recycling Market Report 2025 Market Size Split by Source (Pre-consumer Scrap, Post-consumer Scrap, Copper Scrap Grade, Bright Bare Copper, Number 1 Copper, Number 2 Copper, Number 1 Insu...

Copper Recycling Market Report Description

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Copper Recycling Market Insights Video

Competitive Landscape of the Copper Recycling Market

In the Copper Recycling market's competitive landscape, numerous key competitors drive innovation and growth. Companies operating in this market are focusing on expanding their collection and processing capacities, improving recycling efficiencies, and adopting innovative technologies to maintain a competitive edge. As sustainability becomes a growing priority, companies that can adapt to market demands and regulatory pressures while maintaining efficient, cost-effective operations will gain a competitive advantage.

In October 2022, Wieland announced plans for a major €80 million investment in a new copper recycling facility at its main production site in Vöhringen, Germany. This significant investment represents a key step in the company's global strategy to strengthen its recycling capabilities. The facility is expected to add approximately 80,000 metric tons of annual recycling capacity, reinforcing Wieland's dedication to expanding its recycling operations worldwide. (Source: https://www.wieland.com/en/about/news/wieland-further-expands-its-recycling-capabilities-by-investing-in-a-new-state-of-the-art-copper-recycling-center-in-germany )

Top Companies Market Share in Copper Recycling Industry: (In no particular order of Rank)

• Jiangxi Copper Corporation
• Mitsubishi Materials Corporation
• Dongying Fangyuan Nonferrous Metals Co. Ltd.
• Olin Brass
• Wieland Group
• Mueller Industries
• Inc.
• Aurubis AG
• JX Nippon Mining & Metals Corporation
• LS-Nikko Copper Inc.
• KME AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Copper Recycling Market

Which Region Dominates the Copper Recycling Market in 2024?

According to Cognitive Market Research, North America currently dominates the Copper Recycling market, and the region is expected to have significant growth during the projected period. The construction sector in North America, especially in the U.S., is a significant consumer of copper, used extensively in wiring, plumbing, roofing, and heating systems. In 2022, U.S. construction starts surged by 16.7%, reaching $912 billion. That year also saw a record value for megaprojects (projects over $1 billion), with 31 new projects launched, totaling $105.3 billion. Nonresidential building starts increased by 36.7%, largely driven by the construction of new factories. Growing investments in infrastructure projects, such as smart cities, renewable energy grids, and transportation, are fueling demand for recycled copper. Additionally, the U.S. government's Infrastructure Investment and Jobs Act, which allocates substantial funding for infrastructure modernization, is further increasing copper consumption.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Asia Pacific serves as a global hub for electronics manufacturing, with a significant increase in the production of electronic devices such as smartphones, laptops, and appliances, which in turn drives the demand for copper in wiring and components. Currently, India's electronics market is valued at $155 billion, with domestic production contributing 65% of this total. The country's electronics exports are projected to reach $120 billion by fiscal year 2026. In July 2024, electronic goods exports were recorded at $2.81 billion, a notable increase from $2.04 billion in July 2023, representing a growth of 37.31%. The domestic production of electronics is valued at $101 billion for fiscal year 2023, segmented (based on fiscal year 2022 data) as follows: Mobile Phones (43%), IT Hardware (5%), Consumer Electronics (12%), Strategic Electronics (5%), Industrial Electronics (12%), Wearables & Hearables (0.3%), PCBA (0.7%), Auto Electronics (8%), LED Lighting (3%), and Electronic Components (11%). The increasing volume of e-waste generated from these devices offers a significant opportunity for recovering and recycling copper.

The current report Scope analyzes Copper Recycling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Copper Recycling Market Analysis

According to Cognitive Market Research, the global Copper Recycling market size was estimated at USD 255684.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 102273.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Copper Recycling market with a market size of USD 80693.93 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the U.S., the demand for the Copper Recycling market is driven by the rapid growth of the electronics and construction sectors.
• The Canada Copper Recycling market had a market share of USD 12272.8 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In Canada, the demand for the Copper Recycling market is driven by the rising volume of e-waste and the government's initiatives to promote recycling.
• The Mexico Copper Recycling market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 9306.9 million in 2024.

Europe Copper Recycling Market Analysis

According to Cognitive Market Research, the global Copper Recycling market size was estimated at USD 255684.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 76705.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• The United Kingdom Copper Recycling market had a market share of USD 12886.4 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. In the UK, the demand for the Copper Recycling Market is driven by the country's increasing investments in renewable energy projects.
• The France Copper Recycling market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 7056.8 million in 2024.
• According to Cognitive Market Research, the German Copper Recycling market size was valued at USD 15187.6 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. In Germany, the demand for the Copper Recycling Market is driven by a robust manufacturing sector, especially in the automotive and electronics industries.
• The Italy Copper Recycling market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 6596.6 million in 2024.
• The Russian Copper Recycling market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 11889.3 million in 2024.
• The Spain Copper Recycling market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 6289.8 million in 2024
• The Luxembourg Copper Recycling market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 2377.8 million in 2024.
• The Portugal Copper Recycling market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 1610.8 million in 2024.
• The Greece Copper Recycling market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 920.4 million in 2024.
• The Rest of Europe's Copper Recycling market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 11889.3 million in 2024.

Asia Pacific Copper Recycling Market Analysis

According to Cognitive Market Research, the global Copper Recycling market size was estimated at USD 255684.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 58807.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Copper Recycling market size was valued at USD 26463.31 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. In China, the demand for the Copper Recycling market is driven by the country’s large-scale industrialization, urbanization, and focus on sustainable development, particularly in the construction and electronics sectors.
• The Japan Copper Recycling market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 8115.4 million in 2024.
• The India Copper Recycling market had a market share of USD 7056.8 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. India's rapid infrastructure development, and government initiatives like smart cities driving the market.
• The South Korean Copper Recycling market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 5880.7 million in 2024.
• The Australian Copper Recycling market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 3057.9 million in 2024.
• The South East Asia Copper Recycling market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 4057.7 million in 2024.
• The Rest of Asia Pacific Copper Recycling market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 4175.3 million in 2024.

South America Copper Recycling Market Analysis

According to Cognitive Market Research, the global Copper Recycling market size was estimated at USD 255684.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 5471.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Copper Recycling market size was valued at USD 5471.6 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Brazil, the demand for the Copper Recycling market is driven by significant mining activities, which produce a large volume of copper scrap.
• Argentina's Copper Recycling market had a market share of USD 2147.7 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. In Argentina, the demand for the Copper Recycling market is driven by the increasing investments in infrastructure projects that require copper for electrical wiring and plumbing systems.
• Colombia's Copper Recycling market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1137.7 million in 2024.
• Peru's Copper Recycling market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 1048.3 million in 2024.
• Chile's Copper Recycling market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 920.46 million in 2024.
• The Rest of Latin America's Copper Recycling market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 2058.26 million in 2024.

Middle East Copper Recycling Market Analysis

According to Cognitive Market Research, the global Copper Recycling market size was estimated at USD 255684.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 5113.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• The GCC Countries Copper Recycling market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 2188.66 million in 2024. Copper Recycling sales flourish due to the region's focus on diversifying its economy and transitioning to sustainable energy solutions further enhancing the need for recycled copper.
• The Egypt Copper Recycling market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 536.94 million in 2024.
• The South Africa Copper Recycling market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 807.96 million in 2024. In South Africa, the demand for the Copper Recycling Market is driven by the growth of the construction and manufacturing industries.
• The Turkey Copper Recycling market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 439.78 million in 2024.
• The Nigeria Copper Recycling market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 536.94 million in 2024.
• The Rest of the MEA Copper Recycling market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 603.41 million in 2024.

Copper Recycling Market Analysis

Copper Recycling Market Source Segment Analysis

According to Cognitive Market Research, Pre-consumer Scrap is likely to dominate the Copper Recycling Market over the forecast period. Manufacturers are focusing on improving production efficiency and minimizing waste. Pre-consumer scrap refers to copper scraps generated during the manufacturing process, such as off-cuts and trimmings. By reintroducing this scrap into the production cycle, manufacturers can reduce material costs and optimize resource utilization, which is particularly important in an era of rising raw material prices.

Post-consumer Scrap is the fastest-growing segment in the Copper Recycling Market. The establishment of dedicated recycling facilities and infrastructure for the collection and processing of post-consumer scrap is expanding globally. Improved logistics and collection systems make it easier for consumers and businesses to recycle their copper-containing products. The growing availability of drop-off centers and curbside recycling programs enhances access to recycling options, leading to higher post-consumer scrap volumes.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Copper Recycling Industry. Request a Free Sample PDF!

Copper Recycling Market Grade Segment Analysis

According to Cognitive Market Research, The Number 2 Copper segment holds the largest market share. Number 2 Copper grade, which consists of copper scrap that is clean but may have some oxidized surface or minor imperfections, is in high demand in various industries due to its favorable qualities. As manufacturers seek to balance cost and quality, they increasingly turn to Number 2 Copper as it provides a cost-effective option for applications requiring high conductivity, such as electrical wiring, plumbing, and roofing.

In the Copper Recycling market, the rapidly growing sector is the Number 1 Copper category. Number 1 Copper grade refers to copper scrap that is clean and unalloyed, typically free from any attachments such as insulation or contaminants. Its high purity makes it ideal for applications that require superior electrical and thermal conductivity, such as electrical wiring, plumbing, and industrial machinery. The demand for high-quality copper is steadily increasing, particularly in sectors that prioritize performance and reliability.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Copper Recycling Form Segment Analysis

Copper Recycling Market Form Segment Analysis

According to Cognitive Market Research, The Copper Wire segment holds the largest market share. Copper wire is a fundamental component in electrical systems due to its excellent conductivity and flexibility. It is widely used in power generation, transmission, and distribution systems, as well as in various electrical and electronic devices. The continued expansion of electrical infrastructure, particularly in emerging markets, drives demand for copper wire, leading to increased recycling efforts to reclaim this valuable material.

In the Copper Recycling market, the rapidly growing sector is the Copper Sheet/Plate category. The electrical and electronics industry relies heavily on copper sheets and plates for manufacturing components such as circuit boards, connectors, and heat sinks. The ongoing growth in the electronics market, driven by the increasing production of devices like smartphones, laptops, and appliances, stimulates the demand for recycled copper sheets and plates, as manufacturers seek sustainable sourcing options.

• Copper Wire
• Copper Tubing
• Copper Sheet/Plate

Copper Recycling End-Use Industry Segment Analysis

Copper Recycling Market End-Use Industry Segment Analysis

According to Cognitive Market Research, The Construction segment holds the largest market share. The rapid pace of urbanization worldwide has led to a surge in construction activities, particularly in developing regions. As cities expand and populations grow, the demand for residential, commercial, and industrial buildings increases, driving the need for construction materials, including copper. Copper's properties make it ideal for various construction applications, including wiring, plumbing, roofing, and structural components.

In the Copper Recycling market, the rapidly growing sector is the Electronics category. The proliferation of electronic devices, such as smartphones, laptops, tablets, consumer electronics, and appliances, has led to an increased demand for copper. Copper is essential in electrical wiring, printed circuit boards (PCBs), connectors, and other components. As the production of electronic devices continues to rise globally, so does the demand for copper, including recycled copper.

• Construction
• Electronics
• Automotive
• Industrial Machinery
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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