The recycled copper market overview comprises the collection and processing of end-of-life and scrap copper products for further manufacturing processes. Recycled copper products include copper wire, copper pipes, and copper fittings, among others. The recycled copper offers significant cost savings as compared to mining primary copper from ore. It also helps significantly reduce energy usage and pollution.

Global recycled copper market is estimated to be valued at USD 45.65 Bn in 2024 and is expected to reach USD 91.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.

Key Takeaways

Key players operating in the recycled copper market are Sims Metal Management, Nucor Corporation, Commercial Metals Company (CMC), European Metal Recycling Ltd., Schnitzer Steel Industries, Inc., David J. Joseph Company (DJJ), Recycling Group, OmniSource Corporation, Ferrous Processing & Trading, Metalico, Inc., KWS Environmental, SA Recycling, LLC, BHS (Babcock & Wilcox), Recycled Metal Solutions, Inc., and J.P. Morgan Chase & Co. (Copper trading division). Sims Metal Management is one of the leading recyclers of ferrous and non-ferrous metals, including recycled copper.

The copper from end-use industries such as construction, industrial machinery, and consumer electronics is driving the Recycled Copper Market Growth. Renewable energy particularly solar photovoltaic is increasingly adopting copper at a significant pace, further increasing demand. Recycled copper helps meet this growing demand through an established collection and processing infrastructure.

 Get More Insights on- Recycled Copper Market