Recycled copper scrap market to hit US$ 130.2 billion by 2033
23.02.2026Market Summary
According to latest research by Growth Market Reports, the global recycled copper scrap market size reached US$ 78.6 billion in 2024, demonstrating robust demand across key industries. The market is set to expand at a CAGR of 5.7 % during the forecast period, with projections indicating a value of US$ 130.2 billion by 2033. This steady growth trajectory is primarily fueled by heightened environmental awareness, stringent regulations on metal recycling, and the increasing adoption of sustainable materials in manufacturing and infrastructure.
The recycled copper scrap market is gaining remarkable momentum as industries worldwide prioritize sustainability, resource efficiency, and cost optimization. Copper’s ability to be recycled repeatedly without losing its properties makes it one of the most valuable materials in the circular economy. With rising demand across construction, electronics, automotive, and renewable energy sectors, recycled copper is becoming a strategic resource for global supply chains.
© AI-generated by Growth Market Reports
Key Growth Drivers
Rising demand from construction and infrastructure
Urbanization and infrastructure development continue to fuel copper demand. Recycled copper is widely used in wiring, plumbing, roofing, and power distribution systems. Governments investing in smart cities and energy-efficient buildings are further accelerating the adoption of recycled materials.
Expansion of renewable energy and electrification
The global shift toward renewable energy is a major catalyst for market growth. Wind turbines, solar panels, electric vehicles (EVs), and energy storage systems require significant amounts of copper. Recycled copper offers a cost-effective and environmentally responsible alternative to mined copper, making it vital for energy transition initiatives.
Cost efficiency and supply stability
Recycling copper consumes up to 85 % less energy than primary copper production. This substantial energy saving translates into lower costs and reduced carbon emissions. Additionally, recycling helps mitigate supply chain risks associated with mining disruptions and geopolitical uncertainties.
Market challenges
Quality variability and sorting complexity
One of the primary challenges in the recycled copper scrap market is maintaining consistent quality. Scrap materials often contain impurities that require advanced sorting and refining technologies. Smaller recyclers may face difficulties in adopting modern processing methods due to high capital costs.
Fluctuating scrap availability
The supply of copper scrap depends heavily on end-of-life product recovery rates and demolition activities. Economic slowdowns or reduced construction activity can limit scrap availability, impacting market stability.
Emerging Opportunities
Technological advancements in recycling
Innovations in automated sorting, sensor-based separation, and refining technologies are improving the efficiency and purity of recycled copper. These advancements are enabling recyclers to meet stringent industry standards and expand into high-performance applications.
Circular economy initiatives
Governments and corporations are increasingly embracing circular economy models. Policies promoting recycling, extended producer responsibility (EPR), and sustainable procurement are expected to boost the use of recycled copper in manufacturing.
Competitive Landscape
- Aurubis AG
- Sims Metal Management Limited
- Umicore N.V.
- European Metal Recycling Ltd (EMR)
- Schnitzer Steel Industries, Inc.
- Commercial Metals Company (CMC)
- China Metal Recycling (Holdings) Limited
- Dowa Holdings Co., Ltd.
- HKS Scrap Metals B.V.
- Kuusakoski Group Oy
Future outlook
The recycled copper scrap market is poised for sustained growth as industries seek sustainable and cost-effective materials. With technological advancements, supportive regulations, and expanding renewable energy projects, recycled copper will play a pivotal role in reducing environmental impact while ensuring resource security.
Source: https://growthmarketreports.com/report/recycled-copper-scrap-market-global-industry-analysis
