Recycled Copper Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Copper Scrap Grade (Bare Bright Copper, # 1 Copper, # 2 Copper, # 1 Insulated Wire and Others); Application (Building & Construction, Transportation, Industrial Machinery & Equipment, Electrical and Electronics and Others); and Region and Country

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196

Table:

53

Figure:

91

Report ID:

UMCH21693

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Report Description
Table of content
Research Methodology

Report Description

Recycled copper Market
Recycled copper Market

Global Recycled Copper Market is expected to reach the market valuation of USD 87,960.1 million by 2027 expanding at a reasonable CAGR of 2.9% during the forecast period (2021-2027). As copper is among the most valuable metals available when it comes to scrap collection and recycling.  With an infinitely recyclable life, copper is used and reused in motors, computers, construction, industrial machinery, and more. However, the prices of copper depend largely on the grade of scrap copper. As different recycling centers and scrap dealerships tend to have their own prices based on their own classifications for their best prices.

Moreover, the demand for copper has increased in several industries over the years with a major part of the demand coming from industries like building construction, power generation, and transmission, electronic product manufacturing, and the production of industrial machinery and vehicles. The key factor expected to be driving the market during the forecast period is that the use of recycled copper diminishes the requirement of a new landfill for the copper to be disposed of, which has proven to be a lot more beneficial for large industries and has proved to be an efficient way to reduce operational costs.

The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO). Governments across nations implemented lockdown and ban on traveling, a shutdown of manufacturing industries, and commercial activities this had severely disrupted the supply chain. The corresponding downturn in the global manufacturing sector has further affected the growth of the recycled copper market. The shortage in manufacturing of new electric appliances and electronic goods due to the shutdown of work and low workforce capacity had also impacted the market.

In addition, the building and construction activities across the region were put on halt during the surge in the number of Coronavirus cases has also impacted the market size of the recycled copper market. Moreover, with the help of virtual events, companies in the recycled copper market are gaining ideas of buoyancy to continue business in a slow-growing market. However, in the long run, the market is expected to have a significant growth rate owing to the surging automobile industry coupled with growing electronic goods manufacturers in China is propelling the market size of recycled copper.

Some of the major players operating in the market are Aurubis AG, Commercial Metals Company, Schnitzer Steel Industries, Inc., Umicore N.V., Kuusakoski Group Oy, Sims Metal Management Ltd., OmniSource, LLC, Elgin Recycling, Pacific Metal Pty Ltd, Universal Recycling. Several M&As along with partnerships have been undertaken by these players to facilitate customers with recycled copper.

Insights Presented in the Report

“Amongst copper scrap grade, bare bright copper segment holds the major share”

Based on copper scrap grade, the recycled copper market is segmented into bare bright copper, # 1 copper, # 2 copper, # 1 insulated wire, and others. The bare bright copper segment catered to significant demand in the recycled copper market. Bare bright copper is by far the first among the types a scrap dealer would like to find owing to its bright & shiny color texture. Moreover, it is valued at a high price and considered as the most valuable product in the scarp

“Amongst application, electrical and electronics segment holds the major share”

Based on application, the recycled copper market is segmented into building & construction, transportation, industrial machinery & equipment, electrical and electronics, and others. The electrical and electronics segment holds a considerable market share in the recycled copper market. As recycled copper is employed in a wide range of applications in the power generation, distribution, and transmission industry, due to its high electric and thermal resistance.

“Asia Pacific represents one of the extensive market shares of global recycled copper Market”

For a better understanding of the market dynamics of the global recycled copper market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, and Rest of the World. The Asia Pacific holds an extensive market share owing to the surging electronic manufacturers in China coupled with increasing demand for recycled copper in construction and power generation, distribution & transmission industries are anticipated to positively impact the market in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Recycled Copper Market
2.2.Research Methodology of the Recycled Copper Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Recycled Copper Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL RECYCLED COPPER MARKET COVID-19 IMPACT
6GLOBAL RECYCLED COPPER MARKET REVENUE 2019-2027F
7.1.Bare Bright Copper
7.2.# 1 Copper
7.3.# 2 Copper
7.4.# 1 Insulated Wire
7.5.Others
8.1.Building & Construction
8.2.Transportation
8.3.Industrial Machinery & Equipment
8.4.Electrical & Electronics
8.5.Others
9.1.North America Recycled Copper Market 
 9.1.1.United States
 9.1.2.Canada
 9.1.3.Rest of North America
9.2.Europe Recycled Copper Market 
 9.2.1.Germany
 9.2.2.France
 9.2.3.Spain
 9.2.4.Italy
 9.2.5.United Kingdom
 9.2.6.Rest of Europe
9.3.Asia Pacific Recycled Copper Market
 9.3.1.China
 9.3.2.India
 9.3.3.Australia
 9.3.4.Japan
 9.3.5.Rest of Asia Pacific
9.4.Rest of the World Recycled Copper Market
10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis
11RECYCLED COPPER MARKET OPPORTUNITIES
12RECYCLED COPPER MARKET TRENDS
13LEGAL & REGULATORY FRAMEWORK
14.1.Demand Side Analysis
14.2.Supply Side Analysis
 14.2.1.Top Product Launches
 14.2.2.Top Business Partnerships
 14.2.3.Top Business Expansions, Investments and Divestitures
 14.2.4.Top Merger and Acquisitions
15VALUE CHAIN ANALYSIS
16.1.Competitive Landscape
 16.1.1.Company Shares, By Revenue
17.1.Aurubis AG 
17.2.Commercial Metals Company 
17.3.Schnitzer Steel Industries, Inc. 
17.4.Umicore N.V.
17.5.Kuusakoski Group Oy
17.6.Sims Metal Management Ltd. 
17.7.OmniSource, LLC
17.8.Elgin Recycling 
17.9.Pacific Metal Pty Ltd 
17.10.Universal Recycling
18DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global recycled copper market were the three major steps undertaken to create and analyze the adoption of recycled copper in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global recycled copper market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of recycled copper market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the recycled copper market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as copper scrap grade and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of recycled copper market. Further, we conducted factor analysis using dependent and independent variables such as recovering copper from e-waste recycling cheaper than extracting from mines. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the recycled copper market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global recycled copper market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of recycled copper market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global recycled copper market in terms of category offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Recycled copper Market
Recycled copper Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global recycled copper market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of copper scrap grade and application in the global recycled copper market.

The main objective of the Global Recycled copper Market Study

The current & future market trends of global recycled copper market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of recycled copper market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of copper scrap grade and application.
  • Define and analysis of the regulatory framework for the recycled copper market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the recycled copper market for the major region.
  • Major regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the recycled copper market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry

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