China Non-ferrous Scrap Recycling Market Size & Outlook
China non-ferrous scrap recycling market, 2018-2030 (US$B)
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China non-ferrous scrap recycling market highlights
- The China non-ferrous scrap recycling market generated a revenue of USD 145.4 billion in 2023 and is expected to reach USD 205.8 billion by 2030.
- The China market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, lead was the largest revenue generating metal in 2023.
- Lead is the most lucrative metal segment registering the fastest growth during the forecast period.
Non-ferrous scrap recycling market data book summary
| Market revenue in 2023 | USD 145.4 billion |
| Market revenue in 2030 | USD 205.8 billion |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Lead |
| Fastest growing segment | Lead |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Copper, Lead, Aluminum |
| Key market players worldwide | Hindalco Industries Ltd GDR, Aurubis AG, TSR Recycling, OmniSource Corporation, SA Recycling, Sims Ltd |
Other key industry trends
- In terms of revenue, China accounted for 23.3% of the global non-ferrous scrap recycling market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China non-ferrous scrap recycling market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4.8 billion by 2030.
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Non-ferrous Scrap Recycling Market Scope
Non-ferrous Scrap Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
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China non-ferrous scrap 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 non-ferrous scrap recycling market will help companies and investors design strategic landscapes.
Lead was the largest segment with a revenue share of 85.01% in 2023. Horizon Databook has segmented the China non-ferrous scrap recycling market based on copper, lead, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer and consumer of aluminum and copper in the world. It accounts for over one-third of the global copper consumption. As per IMF estimates, the GDP of China grew at 5.2% in 2023.
The country imposed a zero-COVID policy in June 2022 that resulted in a slowdown in a number of its key industries. According to the OECD, China's per capita aluminum consumption was 28 kg in 2022, indicating high demand.
According to the same source, the country accounts for around 58% of the global aluminum metal production and consumes 57% of the produced metal. The high demand for aluminum and copper in the country, along with a rising emphasis on decarbonization of the economy and promoting a circular economy, has propelled the growth of the recycling industry.
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Target buyers of China non-ferrous scrap recycling market databook
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Our clientele includes a mix of non-ferrous scrap recycling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China non-ferrous scrap recycling market , including forecasts for subscribers. This country databook contains high-level insights into China non-ferrous scrap recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China non ferrous scrap recycling market size, by metal, 2018-2030 (US$B)
China Non-ferrous Scrap Recycling Market Outlook Share, 2023 & 2030 (US$B)
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