Global Recycled Metal Market Size & Outlook, 2023-2030
Global recycled metal market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 360.7 million |
| Market revenue in 2030 | USD 521.1 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Aluminum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, 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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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 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)
| Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 39.8 | 31.8 | 31.6 | 53.2 | 49.2 | 45.5 | 47.6 | 49.8 | 52.2 | 55.7 | 59.3 | 62.8 | 65.3 | 5.3% |
| Europe | 71.2 | 60.0 | 57.9 | 101.6 | 87.6 | 78.7 | 82.1 | 86.5 | 91.2 | 97.9 | 105.3 | 112.6 | 116.6 | 5.8% |
| Asia Pacific | 168.4 | 148.9 | 149.8 | 279.9 | 224.8 | 204.0 | 205.1 | 216.3 | 228.8 | 245.3 | 265.5 | 285.7 | 293.6 | 5.3% |
| Latin America | 10.7 | 9.1 | 8.9 | 15.9 | 13.6 | 12.3 | 12.3 | 12.9 | 13.5 | 14.3 | 15.1 | 16.0 | 16.7 | 4.5% |
| MEA | 15.3 | 14.3 | 15.2 | 26.2 | 23.7 | 20.3 | 21.3 | 22.1 | 23.3 | 24.9 | 27.0 | 28.8 | 28.9 | 5.2% |
| Overall | 305.5 | 264.1 | 263.4 | 476.7 | 398.8 | 360.7 | 368.3 | 387.6 | 408.9 | 438.1 | 472.1 | 506.0 | 521.1 | 5.4% |
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