Europe Copper Granulator Market
Europe Copper Granulator Market Analysis, By Processing Material (Utensils, Wires, Cables, Others), By Mechanism (Semi-Automatic, Automatic), By Capacity Kg/h and Country - Market Insights 2023 to 2033
Analysis of Europe Copper Granulator Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Copper Granulator Market Outlook (2023-2033)
The Europe copper granulator market is anticipated to project a valuation of US$ 112.8 million in 2023 and further expand at a CAGR of 3.6% to reach US$ 160.4 million by the end of 2033.
The growth of copper granulator market is attributed to the rising copper recycling activities. As copper can be recycled and processed into new goods an endless number of times without losing any quality, the recycling share from home and industrial scrap in Europe is relatively high at 43%.
Report Attributes |
Details |
Copper Granulator Market Size (2022A) |
US$ 105.4 Million |
Estimated Market Value (2023E) |
US$ 112.8 Million |
Forecasted Market Value (2033F) |
US$ 160.4 Million |
Europe Market Growth Rate (2023-2033) |
~3.6% CAGR |
Germany Market Growth Share (2023) |
~25.0% |
United Kingdom Market Growth Rate (2023-2033) |
~2.4% CAGR |
France Market Growth Rate (2023-2033) |
~4.2% CAGR |
NORDIC Market Share (2023) |
~11.9% |
Key Companies Profiled |
|
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Comprehensive Sales Analysis: Historic to Futuristic
Copper is used extensively in the construction of high-tech automobiles due to its excellent conductive properties. Another factor for copper wires and tubes is the convergence of the electrical industry and the automotive sector in the form of electric vehicles.
In recent decades, there has been an increased focus on the sustainability of material usage, where the idea of metal reuse and recycling plays a significant part in the choice of material and acceptability of goods. Recycling reduces energy use, emissions, and waste disposal while extending the useful life of materials.
Copper granulator is primarily used to separate metal trash from non-metal garbage. A full copper granulating system consists of primary pulverization, sorting, removal of dust, secondary pulverization, and electrostatic sorting. The copper metal and non-metal components will then be totally separated. The copper that comes out of the granulator is 100% pure and ready to be melted and then can be used to make new products.
- Short-Term Growth Projection (2023-2026): Burgeoning utilization of copper granulator in copper recycling plants positively impacts the market growth.
- Medium-Term Growth Projection (2027-2029): Germany and UK are estimated to observe high demand for copper granulator on the back of the growing focus of manufacturers on recycling to reduce cost, coupled with favorable government initiatives.
- Long-Term Growth Projection (2030-2033): Inclination towards recycling 100% of metals along with innovation and upgradation will be responsible for increased demand in the long run.
Over the 2018-2022 historical period, the Europe Copper Granulator market registered a CAGR of 3.3%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.6% CAGR between 2023 and 2033.
Market share analysis of copper granulator based on maximum width and country is provided in a nutshell in the above image. Under the processing material segment, the wires sub-segment is estimated to reach a market share of 67.0% in 2023.
“Increasing demand for Copper and Government Strategies to Support Growth”
The constant use of domestic appliances, high-tech devices, and smartphones necessitates a reliable power supply. Due to their inherent ability to provide greater electricity conduction and resistance to abrasion, copper wires, and tubes have found extensive use in the electrical sector for power generation, power distribution, and power transmission in order to meet this demand.
The European Green Deal seeks to lower net emissions of greenhouse gases (GHG) and equip Europe to become the first continent to be climate neutral by 2050. The agreement encourages the energy sector's decarburization and works to make energy more accessible and sustainable. Because of its uses in energy production, energy-efficient construction, and electric transportation, copper helps to achieve the objectives of the European Green Deal.
Compared to processing fresh copper, recycling copper uses less energy. It provides energy savings of 85–90%. Recycling copper helps in decreasing the cost and also helps in conserving natural resources.
“Export of Recyclable Materials from Europe to other Countries”
In Europe, the quantity of metal scrap from recycling that satisfies industry standards frequently outpaces the demand and is under-utilized in the manufacture of metals. EU exports its scraps in greater quantities to other nations with poorer environmental, climatic, labor, and social standards.
In 2021, Turkey was the top destination for the export of recyclable raw materials by the EU, EU transferred about 15.2 million tons, followed by India (2.4 million tons) and Egypt (2.0 million tons).
The export of copper to other countries will decrease the recycling of copper and can hamper the demand for copper granulator.
Country-wise Insights
What are the factors driving the market’s growth across Germany?
The automotive sector has been going through an innovative phase and Germany is a hub of automotive manufacturers. Due to the versatility of copper as a material for sending and receiving control signals, sending electrical power, and carrying data, copper has caught the interest of automakers.
By 2035, the German Raw Materials Agency projects that copper consumption will be doubled. The growth of the electrical grid, automobile electric motors, wind energy, and solid-state batteries are the key forces behind this progress.
The German market for copper granulator is expected to grow at a CAGR of 4.0% to reach a valuation of US$ 41.7 million by 2033.
What is the market scenario in the UK?
The UK consumes around 15,000 metric tons of refined copper and the demand is continuously increasing. UK imports some of its copper from North America and Chile and has imported copper of worth US$ 2.32 Bn in 2021.
Government and other non-government bodies are focusing on the recycling of copper to decrease the import of copper and maintain a circular economy. Owing to this and increase in copper prices will increase copper recycling in the country which in turn will boost the demand for copper granulators.
The UK market for copper granulator is predicted to reach an estimation of US$ 20.3 million by 2023.
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Category-wise Insights
Why are wires the most processed material?
Copper is more ductile and has better tensile resistance than aluminium, as well as excellent corrosion resistance and strength for heat transfer. These factors drive the demand for copper wires.
Copper is more durable, needs less upkeep, and is able to endure fluid pressures found in large systems. These benefits of copper over other metals have led to copper's rapid growth and expansion of its uses in electrical productivity. Automobile design, performance, comfort, and safety all depend heavily on copper. Due to its properties, copper, a versatile mineral, is a vital part of automobiles.
The wires segment is estimated to be valued at US$ 75.6 Mn by the end of 2023 and is anticipated to grow at a CAGR of 3.7% from 2023-2033.
Why does copper granulator with capacity of more than 500 kg/h is expected to rise during the forecast period?
Urbanization, industrialization, and a growing population are increasing the demand for electronic goods. There has been an increase in the demand for copper due to the inclination towards renewable sources of energy.
Granulators with higher capacity are able to process large amounts of copper in a short time span and help in meeting huge demands. To recycle large amounts of copper scrap faster and fulfill the increasing demand of copper, users prefer granulators that are able to process large amounts of copper in the minimum time.
Owing to the above-mentioned facts copper granulator with a capacity of more than 500 Kg/h is expected to grow during the forecast period.
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Key Stratagems by Market Players
Key manufacturers of copper granulators include ICS CONTEC Maschinenbau GmbH, JMC Recycling Ltd, STOKKERMILL, Strip Technology, Inc., and Vaner Machinery Co., Ltd.
Manufacturers are concentrating on quick growth by increasing their visibility through channel partners in unorthodox markets. Leading manufacturers are investing proactively to build a strategic environment so that they can supply effectively compared to demand by concentrating on developing European countries with expanding demand. Manufacturers have also attempted capacity development through organic growth or acquisitions in order to meet the intermittent demand.
Fact.MR has provided detailed information about the price points of key manufacturers of copper granulator positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Copper Granulator Industry Research
-
By Processing Material :
- Utensils
- Wires
- Cables
- Others
-
By Capacity (Kg/h) :
- >100
- 100-300
- 300-500
- 500 & above
-
By Mechanism :
- Semi-Automatic
- Automatic
-
By Country :
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
- Rest of Europe
- FAQs -
How did the Europe copper granulator market perform over the last few years?
During 2018-2022, sales of copper granulator increased at 3.3% CAGR.
Which country accounts for a leading market share in copper granulator market?
Germany tops Europe’s copper granulator market accounting for 25.0% market share in 2023.
What is the Europe copper granulator market size?
Europe’s copper granulator market is valued at US$ 112.8 million in 2023.
How is the market for copper granulator expected to fare going forward?
The demand for copper granulator is anticipated to reach US$ 160.4 million by 2033-end.
What is the market scenario for copper granulator with a capacity between 100-300 kg/h?
Copper granulator with a capacity between 100-300 kg/h account for maximum consumption holding 64.0% of the Europe market.