Russia Recycled Metal Market Size & Outlook, 2023-2030
Russia recycled metal market, 2018-2030 (US$M)
Related Markets
Russia recycled metal market highlights
- The Russia recycled metal market generated a revenue of USD 15.5 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The Russia market is expected to grow at a CAGR of 4.8% 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 15.5 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 4.8% (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, Russia accounted for 4.3% 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 Europe, Russia recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 18.9 million by 2030.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 61.94% in 2023. Horizon Databook has segmented the Russia recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
According to the published World Bank data, the GDP of Russia was recorded at USD 2.24 trillion in 2022. As per the World Steel Report, Russia held the fifth position in crude steel manufacturing and produced 71.5 million tons of crude steel in 2021–2022.
Rising e-waste generation from consumer durables and increasing emphasis on reducing carbon emissions are driving the growth of the market in Russia. According to a report published by the United Nations University in November 2021, the total e-waste generated in the Commonwealth of Independent States (CIS) increased from 1.7 million tons to 2.5 million tons between 2010-2019, which amounts to an average of 8.7 kilograms per citizen.
Russia generated the highest amount of e-waste in the CIS region in both, absolute and per capita terms in the same year. The metal scrap generated from the e-waste includes lead, aluminum, copper, zinc, and other alloys. Around 77% of e-waste in the CIS region is generated from refrigerators, washing machines, ovens, HVAC equipment, and other small equipment.
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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 Russia recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into Russia recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia recycled metal market size, by material, 2018-2030 (US$M)
Russia Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
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