Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Copper March 14, 2024 04:30:57 PM

World Recycled Copper Market to Grow Significantly Till 2029

Paul Ploumis
ScrapMonster Author
The recycled copper market may be directly impacted by price changes of virgin copper.
World Recycled Copper Market to Grow Significantly Till 2029

SEATTLE (Scrap Monster): The latest research report published by Market Data Forecast suggests robust CAGR growth rate of 7.10% to global recycled copper market over the period from 2024 to 2029. The market, valued at $252.64 billion last year, is estimated to reach $355.95 billion by the end of the forecast period.

The growing awareness about the use of recycled copper and related alloys to rectify the disparity between the world's supply and demand for copper has been a major driving force behind the expansion of recycled copper market. The use of recycled copper ensures lower energy use and reduced carbon emissions, thus contributing to sustainability and significant environmental benefits.

The recycled copper market may be directly impacted by price changes of virgin copper. The market may also face challenges from emerging biocompatible materials and other substitutes. The strict government rules too may hinder the stability and growth of recycled copper market.

By region, Asia Pacific dominated the world recycled copper market in 2023. Also, Europe emerged as the market with second highest share of global market. However, North America is predicted to witness fastest CAGR growth during the forecast period.

YOU MAY ALSO BE INTERESTED IN:

World Scrap Metal Recycling Demand Poised to Accelerate

Scrap Metal Trading Platform Metycle Matches Buyers with Supply to Boost Recyling and Cut Emissions

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search