Copper - Outlook
Our copper products are suitable for use in a wide range of applications, including electrical wiring, plumbing, and manufacturing. Recycled copper scraps are an environmentally friendly alternative to new copper materials, as they reduce the amount of copper waste that ends up in landfills or other disposal sites.
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Global Copper Market
The demand for Copper is propelled across key sectors including packaging, electrical, aerospace, and electric vehicles. However, growth has been impeded by supply disruptions and production constraints. Notably, the adaptability of non-toxic aluminium finds its application in a diverse array of industries such as food, packaging, pharmaceuticals, construction, transport, and electronics, with Government initiatives further bolstering industry expansion. The Asia-Pacific region emerges as the pillar of growth, driven by rapid industrialisation, urbanisation, and thriving auto industries of Japan, China, and India.
Indian Copper Outlook
The Indian Copper industry is expected to register a CAGR of around 5.60% from 2023 to 2028. With the tremendous demand for infrastructure and the Government’s initiatives, such as authorising Real Estate Investment Trusts (REITs) for foreign investors and establishing an Urban Infrastructure Development Fund, the Indian market presents
Our Approach
Our copper products are suitable for use in a wide range of applications, including electrical wiring, plumbing, and manufacturing. Recycled copper scraps are an environmentally friendly alternative to new copper materials, as they reduce the amount of copper waste that ends up in landfills or other disposal sites.
RECYCLING MARKET – OUTLOOK
Global Recycling Market
The global waste and recycling market is projected to experience rapid growth in the coming years due to advancements in technology, new regulations, and increased demand for recycled content. The growth highlights the strong momentum of the circular economy, supported by policymakers, major manufacturers, and recycling and waste management firms. In the future, there is a strong likelihood of a shift towards greater utilisation of recycled materials and the adoption of waste prevention and reuse models. The market was valued at USD 60.41 Billion at the end of 2022 and is anticipated to reach USD 88.01 Billion by 2030.
Indian Recycling Market
The concept of the circular economy is relatively new to India; slowly it is gaining prominence. The waste management industry in India holds significant potential, as currently, only 30% of the 75% recyclable waste is being recycled. The need for improvement in waste management arises due to the shortage of appropriate policies for collection, disposal, and recycling, along with the lack of efficient infrastructure in the country. The Indian recycling market is estimated to grow USD 35.87 Billion by 2028.
Source: https://www.precedenceresearch.com/recycled-metal-market
