Latin America Non-ferrous Scrap Recycling Market Size & Outlook
Latin America non-ferrous scrap recycling market, 2018-2030 (US$B)
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Latin America non-ferrous scrap recycling market highlights
- The Latin America non-ferrous scrap recycling market generated a revenue of USD 25.4 billion in 2023.
- The market is expected to grow at a CAGR of 3.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 25.4 billion |
| Market revenue in 2030 | USD 32.8 billion |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Lead |
| Fastest growing segment | Lead |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 4.1% of the global non-ferrous scrap recycling market in 2023.
- 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 425.8 billion by 2030.
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Non-ferrous Scrap Recycling Market Scope
Non-ferrous Scrap Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 70.47% in 2023. Horizon Databook has segmented the Latin America non-ferrous scrap recycling market based on copper, lead, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund (IMF), the gross domestic product (GDP) growth rate for Central America & South America was 3.8% and 1.0%, respectively, in 2023. Growth in the adoption of sustainable practices for non-ferrous metal manufacturing and increasing emphasis on circular economy practices are considered important drivers for the market.
Countries across the region are trying to propel their recycling rate of aluminum and reduce carbon footprints, which is expected to positively affect the demand for non-ferrous metals. For instance, in February 2022, Companhia Brasileira de Alumínio (CBA) started the process of integrating Alux do Brasil's operation in Nova Odessa (SP) after acquiring 80% interest in the company.
The acquisition received complete approval from the Brazilian antitrust authority. This acquisition is in line with CBA’s long-term strategy to expand their recycled aluminum capacity and to produce aluminum with an increasingly lower carbon footprint.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America non-ferrous scrap recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America non-ferrous scrap recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America non ferrous scrap recycling market size, by country, 2018-2030 (US$B)
Latin America Non-ferrous Scrap Recycling Market Outlook Share, 2023 & 2030 (US$B)
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