US Copper Scrap Market Summary
As per Market Research Future analysis, the US Copper Scrap Market Size was valued at USD 10,250.46 million in 2024. US Copper Scrap Market industry is projected to grow from USD 11,078.14 million in 2025 to USD 21,195.07 million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.703% during the forecast period (2025 - 2035).
Key Market Trends & Highlights
The US Copper Scrap Market exhibits thrive on sustainability, automotive demand, and technological upgrades, with projections showing steady double-digit growth rates through the decade:
- Renewable energy projects, including solar farms and wind turbines, plus grid upgrades for data centers, further boost consumption.
- Recycled copper uses far less energy than virgin production, aligning with federal grants and circular economy policies that fund recycling expansions. States award incentives for scrap processing, reducing emissions and landfill waste while stabilizing supply chains.
- Grid modernization projects under recent federal initiatives demand vast copper quantities for transmission lines and substations. Recycled scrap meets this need efficiently, as new U.S. policies prioritize domestic sourcing.
- Residential and commercial builds surge copper pipe and roofing demand, with green building codes favoring recycled materials. Hurricane recovery in the South accelerates scrap reuse.
Market Size & Forecast
| 2024 Market Size | 10,250.46 (USD Million) |
| 2035 Market Size | 21,195.07 (USD Million) |
| CAGR (2025 - 2035) | 6.703% |
Major Players
Radius Recycling, Inc, Nucor, Sims Limited, CMC, OmniSource, LLC, United Scrap Metal, Steel Dynamics, Metalico, Inc, SCHUPAN, SA Recycling LLC.