UK Recycled Metal Market Size & Outlook, 2023-2030
UK recycled metal market, 2018-2030 (US$M)
Related Markets
UK recycled metal market highlights
- The UK recycled metal market generated a revenue of USD 1.5 million in 2023 and is expected to reach USD 2.2 million by 2030.
- The UK market is expected to grow at a CAGR of 5.4% 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 1.5 million |
| Market revenue in 2030 | USD 2.2 million |
| Growth rate | 5.4% (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, UK accounted for 0.4% 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.
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 |
|---|
UK 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 33.33% in 2023. Horizon Databook has segmented the UK recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, metal scrap is generated from end-of-life automotive, demolished buildings and infrastructures, electronic equipment, and consumer durables. Automotive parts such as engine blocks, gearbox housings, wheels, and engine mounts are made of aluminum.
As automotive production in the UK has been growing, the total number of on-road vehicles has been increasing in the country. This surging number of old vehicles is contributing to air pollution. As the life of the vehicles is limited, the requirement for vehicle recycling is high in the UK.
This has led the government of the country to undertake initiatives such as the formulation of the vehicle scrappage policy for promoting automotive recycling in the UK. In August 2023, the Mayor of London funded a USD 173.2 million scrappage scheme to provide financial assistance to individuals to send their vehicles for recycling at scrap yards.
Reasons to subscribe to UK 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 UK 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 UK recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into UK recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK recycled metal market size, by material, 2018-2030 (US$M)
UK 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
