Latin America Metal Recycling Market Size & Outlook
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Latin America metal recycling market highlights
- The Latin America metal recycling market generated a revenue of USD 33,496.4 million in 2024.
- The market is expected to grow at a CAGR of 3.2% from 2025 to 2030.
- In terms of segment, aluminum was the largest revenue generating metal in 2024.
- Steel is the most lucrative metal segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 33,496.4 million |
| Market revenue in 2030 | USD 40,796.7 million |
| Growth rate | 3.2% (CAGR from 2025 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Steel |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Copper, Aluminum, Other Metals |
| Key market players worldwide | European Metal Recycling, Commercial Metals Co, GFG Alliance, Norsk Hydro ASA, Schnitzer Steel Industries, Novelis, Tata Steel Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global metal recycling market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 719,507.4 million by 2030.
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Metal Recycling Market Scope
Metal Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Schnitzer Steel Industries | View profile | 1001-5000 | Portland, Oregon, United States, North America | http://www.schnitzersteel.com/ |
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.gfgalliance.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | http://www.emrgroup.com/ |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
| Norsk Hydro ASA | View profile | 32724 | Drammensveien 264, Oslo, Norway, NO-0283 | https://www.hydro.com |
| Commercial Metals Co | View profile | 13022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | https://www.cmc.com |
Latin America metal recycling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to metal recycling market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 60.03% in 2024. Horizon Databook has segmented the Latin America metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, the GDP growth rate of Central America and South America for 2023 was estimated to be 3.8% and 1.0%, respectively. The growth of the metal recycling market is positively influenced by its increasing demand across various sectors such as automotive and construction in the region.
For instance, in April 2022, the government of Chile announced its target of achieving 100% electricity-driven new vehicles in the country by 2035. The scheme was duly implemented in 2023. Such measures undertaken by governments in the region are anticipated to positively impact the metal recycling market.
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Our clientele includes a mix of metal recycling market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America metal recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America metal recycling market size, by country, 2018-2030 (US$M)
Latin America Metal Recycling Market Outlook Share, 2024 & 2030 (US$M)
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