Indonesia Recycled Metal Market Size & Outlook, 2023-2030
Indonesia recycled metal market, 2018-2030 (US$M)
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Indonesia recycled metal market highlights
- The Indonesia recycled metal market generated a revenue of USD 2.4 million in 2023 and is expected to reach USD 2.8 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 1.8% 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 2.4 million |
| Market revenue in 2030 | USD 2.8 million |
| Growth rate | 1.8% (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, Indonesia accounted for 0.7% 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 |
|---|
Indonesia 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 83.33% in 2023. Horizon Databook has segmented the Indonesia 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 World Bank, The GDP of Indonesia stood at USD 1.32 trillion in 2022. The scrap generation from end-of-life vehicles is considered an important driver for the growth of the market in the country. According to the data published by the International Organization for Motor Vehicle Manufacturers (OICA) in 2022, the total number of new automotive sold in Indonesia was 1.04 million in the same year.
The new vehicle registration in the country observed a growth of 40% in 2021. The rising number of new vehicles in Indonesia has been contributing to pollution and road congestion in the country. In addition, as the average age of the automotive is approximately 11–12 years, it leads to a rise in the number of end-of-life and old vehicles in Indonesia that contribute to traffic jams and carbon emissions.
These factors lead to an increased requirement for appropriate scrappage of end-of-life vehicles in the country. Scrap metals such as steel, aluminum, and alloys are generated from automotive scrap. Hence, with the surge in automotive scrappage in the country, metal scrap generation is anticipated to remain high in Indonesia in the coming years.
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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 Indonesia recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia recycled metal market size, by material, 2018-2030 (US$M)
Indonesia Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
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