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     109  0 Kommentare Copper Scrap Market Size to Grow USD 84900 Million by 2030 at a CAGR of 4.3% | Valuates Reports

    BANGALORE, India, June 10, 2024 /PRNewswire/ -- Copper Scrap Market is Segmented by Type (Copper, Copper Alloys), by Application (Transportation, Construction, Electrical and Electronics, Industrial Machinery, Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.

    The global Copper Scrap market was valued at USD 63010 Million in 2023 and is anticipated to reach USD 84900 Million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.

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    Major Factors Driving the Growth of Copper Scrap Market:
    The market for copper scrap is expanding due to the growing need across several industries, such as electronics, manufacturing, and construction, for affordable and sustainable raw materials. In line with global sustainability goals, recycling copper waste lowers its environmental effect and energy consumption when compared to mining fresh copper. The market's growth is further aided by the economy's benefits of recycling and the varying costs of copper. The rise of the copper scrap market is further supported by government rules that encourage recycling and the circular economy, as companies strive to decrease waste and comply with environmental requirements.

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    TRENDS INFLUENCING THE GROWTH OF THE COPPER SCRAP MARKET
    The market for scrap copper is primarily driven by the wide range of uses for copper in the transportation industry. In the automotive sector, copper is widely utilized to create electrical components, wiring, motors, and batteries, particularly for electric vehicles (EVs). The production of electric vehicles (EVs), which require more copper than automobiles with internal combustion engines, is increasing the demand for recycled copper. The metal's employment in the construction of various electrical systems and components for trains, aircraft, and marine transportation raises the need for copper scrap even more. Recycling copper is encouraged in order to provide a steady supply and reduce its detrimental effects on the environment due to the growing need for copper in transportation.

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    Copper Scrap Market Size to Grow USD 84900 Million by 2030 at a CAGR of 4.3% | Valuates Reports BANGALORE, India, June 10, 2024 /PRNewswire/ - Copper Scrap Market is Segmented by Type (Copper, Copper Alloys), by Application (Transportation, Construction, Electrical and Electronics, Industrial Machinery, Others): Global Opportunity Analysis and …

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