Brazil Recycled Metal Market Size & Outlook, 2023-2030
Brazil recycled metal market, 2018-2030 (US$M)
Related Markets
Brazil recycled metal market highlights
- The Brazil recycled metal market generated a revenue of USD 5.8 million in 2023 and is expected to reach USD 7.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
Recycled metal market data book summary
| Market revenue in 2023 | USD 5.8 million |
| Market revenue in 2030 | USD 7.5 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Aluminum |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Copper |
| Key market players worldwide | Commercial Metals Co, Norsk Hydro ASA, Tata Steel Ltd GDR - 144A, European Metal Recycling, GFG Alliance, Novelis |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global recycled metal market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 7.5 million by 2030.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 65.52% in 2023. Horizon Databook has segmented the Brazil recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
According to the data published by the World Bank, Brazil’s GDP remained at USD 1.92 trillion in 2022. The growth in the shipbreaking industry and the installation of EAFs are important market drivers in Brazil. Ship-breaking, which involves dismantling ships to sell parts for re-use or extract raw materials like scrap, is a common method of ship disposal.
Ships are made of highly corrosion-resistant steel and alloys. The scrap generated from old ships is sent to the steel metal recycling facilities. In addition, the ship recycling bill No. 1,584/2021 provides for the recycling of vessels and aims to lay down the framework for safe and sustainable recycling.
The objective of this bill is to boost Brazil’s recycling sector. Furthermore, Brazilian companies have started entering the sustainable ship recycling market. For example, in July 2023 Petrobras, the Brazilian energy company, achieved a milestone in its commitment to ship recycling.
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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 country-level data and insights on the Brazil recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into Brazil recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil recycled metal market size, by material, 2018-2030 (US$M)
Brazil Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
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