China Recycled Metal Market Size & Outlook, 2023-2030
China recycled metal market, 2018-2030 (US$M)
Related Markets
China recycled metal market highlights
- The China recycled metal market generated a revenue of USD 130.9 million in 2023 and is expected to reach USD 197.0 million by 2030.
- The China market is expected to grow at a CAGR of 6% 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 130.9 million |
| Market revenue in 2030 | USD 197.0 million |
| Growth rate | 6% (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, China accounted for 36.3% 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 Asia Pacific, China recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 197.0 million by 2030.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 58.9% in 2023. Horizon Databook has segmented the China recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing scrap generation from demolition of buildings and infrastructures and rising demand for electric arc furnace-based metal recycling facilities in the country act as drivers for the growth of the market in China.
The Government of China has adopted a build, pause, demolish, and repeat approach to prevent a drop in property prices in the country. Due to this, the real estate supply remained high in China. In 2023, housing sales in the country fell by 6.5% compared with that of 2022.
In December 2023 alone, housing sales in China decreased by 17.1% from a year earlier. Presently, the country has large uninhabited cities. As the builders in China are running out of funds, they are undertaking building demolition drives in the country.
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Target buyers of China recycled metal market databook
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Our clientele includes a mix of recycled metal market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 China recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into China recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China recycled metal market size, by material, 2018-2030 (US$M)
China Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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