Scope of the Study
Copper scrap is defined as the recycled materials which are used in electrical, heat conductor, wire and cable and architecture. Numerous advantages of using copper scrap in the industry such as the highly cost-effective, huge amount of energy are consumed, preserve natural resources, among others. Increasing usage of copper scrap in various application such as transportation, construction, and plumbing, electrical and electronics, industrial machinery and equipment, among others are likely to prime driver for the growth copper scrap market in future.
The market study is being classified by Type (Copper and Copper alloys), by Application (Transportation, Construction and Plumbing, Electrical and Electronics, Industrial Machinery and Equipment and Other) and major geographies with country level break-up.
Aurubis AG (Germany), Commercial Metals Company (United States), Enerpat Group Uk Ltd (United Kingdom), European Metal Recycling (United Kingdom), HKS Scrap Metals B.V. (Netherlands), Jansen Recycling Groep BV (Netherlands), Kuusakoski US LLC (United States), Mallin Consultants Ltd. (Canada), Olin Brass (United States) and Omnisource Limited, LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Trademark Metals Recycling LLC (United States).
The copper scrap market appears to be highly fragmented and with the presence of several companies including Aurubis AG (Germany), Commercial Metals Company (United States), Enerpat Group Uk Ltd (United Kingdom), among others. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Copper Scrap market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Copper Scrap market by Type, Application and Region.
On the basis of geography, the market of Copper Scrap has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Retailer will boost the Copper Scrap market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Urbanization and Industrialization across the World
- Increasing Usage of Copper Scrap in Various Industry
- Increasing Awareness towards Effective Use of Natural Resources across the World
- Issue related to Regulations Hampering Free and Fair Trade of Scrap Metal such as Copper
- The problem regarding the Copper Particles less Conductivity Compared to Gold and Silver
- Growing Demand from Emerging Economics countries such as China, India, Brazil, Philippines, among others
- Untapped Applications of Copper Scrap across Numerous Industries
- Increasing Complexity of Products Makes Recycling Difficult
- Major regarding Lack of skilled labors in the manufacturing process and Difficulty in Management of Supply Chain
- The problem of Unorganized Metal Waste Collection Observed in Developing Countries
Market Leaders and their expansionary development strategies
In May 2019, the Aurubis AG (Germany) company has acquired Belgian-Spanish Metallo Group, which manufactures various types of metal such as copper, tin and other metal. Hence, this acquisition has helped in the expansion of the company.
In April 2019, the Engineering Export Promotion Council (India) has introduced copper scrap policy in order to prevent the import of inferior quality material such as copper. Hence, it will help to enhance the growth of the revenue of the market.
In January 2019, the government of China has announced to restrict imports of eight different scrap categories which includes copper, steel and aluminum. In addition, it is also found that China's scrap paper imports dropped 23% and its scrap metal imports dropped by more than 44% following the tariffs on United States shipments. Hence, it may act restrain for the growth of the market in the future.
Key Target Audience
Manufacturers of Copper Scrap, Suppliers of Copper Scrap, Wholesalers, distributors, and retailers of Copper Scrap, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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