South Africa Recycled Metal Market Size & Outlook
South Africa recycled metal market, 2018-2030 (US$M)
Related Markets
South Africa recycled metal market highlights
- The South Africa recycled metal market generated a revenue of USD 1.1 million in 2023 and is expected to reach USD 1.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.5% 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 1.1 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 2.5% (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, South Africa accounted for 0.3% 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 Middle East & Africa, Saudi Arabia recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.3 million by 2030.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 63.64% in 2023. Horizon Databook has segmented the South Africa recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa’s GDP was estimated at USD 405.2 billion in 2022. The major factors driving this market are growth in e-waste generation and the installation of electronic waste recycling facilities. According to the EPR Waste Association of South Africa (EWASA), electronic waste is currently the fastest-growing waste stream in South Africa.
The United Nations Global E-waste Monitor report revealed that South Africa generates around 360,000 tons of e-waste every year, with Gauteng contributing to approximately 55% of it. However, despite this, only 14% of e-waste is recycled, according to the South African Institution of Civil Engineering infrastructure report card for 2022.
Therefore, there is a pressing need for the construction of e-waste recycling plants in South Africa to mitigate the negative impact of e-waste on the environment and to recycle the precious metals generated from e-waste.
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Target buyers of South Africa 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 South Africa recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into South Africa recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa recycled metal market size, by material, 2018-2030 (US$M)
South Africa Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
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