Copper Scrap Market Is Expected To Reach $ 105.90 Billion By 2030
San Francisco, 15 April 2024: The Report Copper Scrap Market Size, Share & Trends Analysis Report By Feed Material (Old Scrap, New Scrap), By Grade (Bare Bright, #1 Copper, #2 Copper Scrap), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030 The global copper scrap market size is anticipated to reach USD 105.90 billion by 2030 and is projected to grow at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing use of renewable energy sources for electricity generation has resulted in technological developments in the wind generation sector. This factor, coupled with rising awareness and emphasis on clean energy and sustainability, is expected to drive the demand for copper in wind energy production. This is set to become the biggest driver for the market over the forecast period. Further, rising investments in EV manufacturing facilities across the world are expected to positively influence copper usage, consequ