Market revenue in 2023 | USD 251,473.4 million |
Market revenue in 2030 | USD 355,686.4 million |
Growth rate | 5.1% (CAGR from 2023 to 2030) |
Largest segment | Aluminum |
Fastest growing segment | Aluminum |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 49.16% in 2023. Horizon Databook has segmented the China metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer and consumer of metals in the world. It relies on secondary metals market to meet the existing demand-supply gap for metals in its industries. To make recycled metals available in large volumes for domestic consumption, the country introduced the National Sword policy in 2017 that monitors and stringently reviews the recyclable waste imports of China.
A strong indicator of economic growth is its linkage with the growth of the country’s construction industry. In China, the performance of the construction industry remained overshadowed by the Ever grande debt crisis that resulted in the real estate slump in the country. This added to the economic downturn of China.
Horizon Databook provides a detailed overview of country-level data and insights on the China metal recycling market , including forecasts for subscribers. This country databook contains high-level insights into China metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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