Industry Background:
Copper is an element that is highly sought after metal because of its thermal and electrical conductivity. It is found naturally in its purest form and is 100 percent recyclable. Recycled copper is widely used in electrical & electronics, motor components, industrial machinery & equipment, and building construction products. In recycling industries, different types of copper scraps are recycled after visual inspection, gradation, and analyzed chemically. The recycled copper can reduce emissions as compared to other refining of metals.This growth is primarily driven by Growing Environmental Emissions and Pollution and Demand for the Recycled Products in Various Industrial Applications.
Globally, a noticeable market trend is evident Fluctuation in the Prices of Recycled Copper Products and Production. The Precious Metals & Minerals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Aurubis AG (Germany), Commercial Metals Company (United States), Schnitzer Steel Industries, Inc. (United States), Umicore N.V. (Belgium), Kuusakoski Group Oy (Finland), Sims Limited (United States), Elgin Recycling (United States), Aaron Metals Company (United States), Wilton Recycling (Ireland), SA Recycling LLC (United States), European Recycled Metal (United Kingdom) and LKM Recycling (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 28th July 2021, Aurubis announced the construction of a state-of-the-art recycling facility at its Beerse site in Belgium. With the hydrometallurgical facility, the company is strengthening its core business and is taking the next step towards becoming the most efficient and sustainable integrated smelter network worldwide. At the ASPA facility, anode sludge, a valuable intermediate product from electrolytic copper refining, from the recycling sites in Beerse and Lünen (Germany) will be processed. The new process will enable faster extraction of more precious metals, such as gold and silver, as well as in from the anode sludge.
Regulatory Insights:
"On the 1st of December 2020, new legislation is coming into force for the recycling of copper and copper alloys. But don’t worry, this legislation won’t affect the recycling process for our customers – the responsibility lies on scrap metal dealers to be licensed and compliant with the new rules. Similar to legislation that protects against silver and copper theft, scrap metal dealers – including Auscon – will be recording all transaction details including personal contacts of the seller, and regularly report this information to police. This is one of the steps that the Western Australian Government is taking to reduce copper theft."
Market Drivers
- Growing Environmental Emissions and Pollution
- Demand for the Recycled Products in Various Industrial Applications
Market Trend
- Fluctuation in the Prices of Recycled Copper Products and Production
Restraints
- Imports and Exports Related Regulatory Guidelines on Recycled Copper
Opportunities
Surging Demand and Production of Recycled Copper in Developing Nations and Stringent Regulatory Guidelines on the Benefits of Recycling of Copper Scrap
Challenges
Stiff Competition in the Recycled Copper Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Recycled Copper Study Sheds Light on
The Recycled Copper Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Recycled Copper industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Recycled Copper industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.