U.S. Non-ferrous Scrap Recycling Market Size & Outlook
U.S. non-ferrous scrap recycling market, 2018-2030 (US$B)
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U.S. non-ferrous scrap recycling market highlights
- The U.S. non-ferrous scrap recycling market generated a revenue of USD 45.8 billion in 2023 and is expected to reach USD 51.9 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 1.8% 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 45.8 billion |
| Market revenue in 2030 | USD 51.9 billion |
| Growth rate | 1.8% (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, U.S. accounted for 7.3% 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 North America, U.S. non-ferrous scrap recycling market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 40.6 billion by 2030.
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Non-ferrous Scrap Recycling Market Scope
Non-ferrous Scrap Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 76.86% in 2023. Horizon Databook has segmented the U.S. non-ferrous scrap recycling market based on copper, lead, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
Interest rates remained high in 2023, which will help manage inflation in the U.S. The labor market in the country is currently strong; however, a weakened labor market could affect unemployment and thus, could destabilize economic growth in the near future.
Despite an upbeat 2023, economic growth is expected to remain low for most of 2024. The growth of the non-ferrous scrap recycling industry in the region is expected to be in line with the consumption of aluminum and copper from various end-use industries, as they majorly contribute to the generation of non-ferrous scrap.
As a result, the demand for non-ferrous scrap recycling in the U.S. is expected to witness growth over the forecast period.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. non-ferrous scrap recycling market , including forecasts for subscribers. This country databook contains high-level insights into U.S. non-ferrous scrap recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. non ferrous scrap recycling market size, by metal, 2018-2030 (US$B)
U.S. Non-ferrous Scrap Recycling Market Outlook Share, 2023 & 2030 (US$B)
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