Recycled copper market set to double as energy transition drives demand

The global recycled copper market is entering a ‘strong’ growth phase as industries shift towards more sustainable resource use, reports Persistence Market Research.

The market analysts expect the value of the red metal to rise from EUR 48.2 billion in 2026 to EUR 97.6 billion by 2033. This annual growth of 10.6% underlines the strategic role of secondary copper in future supply chains.

Securing feedstock

Growth is being driven by the rapid expansion of ‘cleantech’ and renewable energy, in particular in solar, wind and grid infrastructure projects.

At the same time, the rise of electric vehicles is accelerating demand. EVs require significantly more copper than conventional cars, especially in their batteries, motors and charging systems. Consequently, the automotive sector is seeking stable and sustainable copper supplies.

Moreover, stricter environmental regulations regarding e-mobility, mining and recycled content are pushing manufacturers to rethink sourcing strategies.

Regional growth

Asia-Pacific remains the largest and fastest-growing market. Strong industrial activity in China and India, combined with rising investments in renewable energy, continues to drive demand. Meanwhile, North America benefits from established recycling infrastructure and supportive regulation.

Europe is actively advancing circular economy policies and maintaining high recycling rates. This regulatory push is encouraging wider adoption of recycled copper across manufacturing sectors.

In addition, emerging markets such as Latin America are expanding their recycling capacity. Growing industrialisation and rising awareness of sustainability are expected to support further uptake.

Technology gains

Technological progress is also strengthening the sector. Advanced sorting, shredding and refining systems are improving recovery rates and material purity. As a result, recycled copper is increasingly able to meet the quality standards required by high-end applications.