Global Recycled Metal Market Size & Outlook, 2023-2030

The recycled metal industry worldwide is expected to reach a projected revenue of US$ 521.1 million by 2030. A compound annual growth rate of 5.4% is expected of the worldwide recycled metal industry from 2024 to 2030.
Revenue, 2023 (US$M)
$360.7
Forecast, 2030 (US$M)
$521.1
CAGR, 2024 - 2030
5.4%
Report Coverage
Worldwide

Global recycled metal market highlights

  • The global recycled metal market generated a revenue of USD 360.7 million in 2023 and is expected to reach USD 521.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 5.4% by 2030.
  • In terms of segment, steel accounted for a revenue of USD 208.5 million in 2023.
  • Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Indonesia is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 360.7 million
Market revenue in 2030USD 521.1 million
Growth rate5.4% (CAGR from 2023 to 2030)
Largest segmentSteel
Fastest growing segmentAluminum
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSteel, Aluminum, Copper

Other key industry trends

  • In terms of revenue, the North America accounted for 12.6% of the global recycled metal market in 2023.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Indonesia is the fastest growing regional market and is projected to reach USD 2.8 million by 2030.

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Recycled Metal Market Scope

Recycled Metal Market Companies

Name Profile # Employees HQ Website

Global recycled metal 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 recycled metal market will help companies and investors design strategic landscapes.


Steel was the largest segment with a revenue share of 57.8% in 2023. Horizon Databook has segmented the Global recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Recycled Metal Material Outlook (Revenue, USD MIllion, 2018-2030)
    • Steel
    • Aluminum
    • Copper
    • Others

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  • Our clientele includes a mix of recycled metal market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global recycled metal market , including forecasts for subscribers. This global databook contains high-level insights into Global recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global recycled metal market size, by regions, 2018-2030 (US$M)

Top 10 countries: Recycled metal market size, 2023 (US$M)

Global recycled metal market share, by material, 2023 & 2030 (%, US$M)

Recycled Metal Market: Opportunity Assessment By Country

Global recycled metal market, by region, 2023 (US$M)

Global recycled metal market size, by regions, 2018-2030 (US$M)

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