Asia Pacific Metal Recycling Market Size & Outlook
Asia Pacific metal recycling market, 2018-2030 (US$M)
Related Markets
Asia Pacific metal recycling market highlights
- The Asia Pacific metal recycling market generated a revenue of USD 435,925.2 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, aluminum was the largest revenue generating metal in 2023.
- Aluminum is the most lucrative metal segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 435,925.2 million |
| Market revenue in 2030 | USD 607,825.4 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Copper, Aluminum, Other Metals |
| Key market players worldwide | European Metal Recycling, Commercial Metals Co, GFG Alliance, Norsk Hydro ASA, Schnitzer Steel Industries, Novelis, Tata Steel Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 51.3% of the global metal recycling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 607,825.4 million by 2030.
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Metal Recycling Market Scope
Metal Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific metal recycling 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 metal recycling market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 51.77% in 2023. Horizon Databook has segmented the Asia Pacific metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Asian Development Bank, the GDP of Asia Pacific was 4.9% in 2023. Various infrastructural investments in the region have enhanced the development of different industries, thereby resulting in a rise in demand for metals, and subsequently metal recycling in Asia Pacific.
Asia Pacific has emerged as a major production hub for consumer goods in the world. Key manufacturers of consumer goods are divesting out of China owing to the trade war between the country and the U.S. These companies are increasingly investing in other countries of Asia Pacific as they aim to locate to low-cost bases with access to the global markets.
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Target buyers of Asia Pacific metal recycling market databook
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Our clientele includes a mix of metal recycling 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 continent-level data and insights on the Asia Pacific metal recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific metal recycling market size, by country, 2018-2030 (US$M)
Asia Pacific Metal Recycling Market Outlook Share, 2023 & 2030 (US$M)
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