Canada Recycled Metal Market Size & Outlook, 2023-2030
Canada recycled metal market, 2018-2030 (US$M)
Related Markets
Canada recycled metal market highlights
- The Canada recycled metal market generated a revenue of USD 7.0 million in 2023 and is expected to reach USD 10.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, aluminum 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 7.0 million |
| Market revenue in 2030 | USD 10.7 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Aluminum |
| 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, Canada accounted for 1.9% 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 North America, U.S. recycled metal 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 10.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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.
Aluminum was the largest segment with a revenue share of 60% in 2023. Horizon Databook has segmented the Canada recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
According to the report published by world bank, the GDP of Canada was USD 1.75 trillion in 2022, recording a deceleration in growth by 3.4% in the same year. Growth in the automotive industry and construction demolition is considered an important driver for scrap generation.
In Canada, scrap is produced from the demolition of buildings and infrastructures, as well as from endof-life consumer durables and vehicles. This scrap is segregated and sent for recycling. The financial post in December 2022 reported that 11 million tons of metal gets recycled in Canada on an annual basis.
This indicates the high production of scrap in the country. According to a report published by the International Trade Administration (ITA) in November 2023, Canada is the second-largest automotive market in North America with most global vehicle manufacturers having their presence in the country.
Reasons to subscribe to Canada recycled metal market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada recycled metal market databook
-
Our clientele includes a mix of recycled metal market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into Canada recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada recycled metal market size, by material, 2018-2030 (US$M)
Canada Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
