Market revenue in 2023 | USD 228,509.8 million |
Market revenue in 2030 | USD 293,676.4 million |
Growth rate | 3.6% (CAGR from 2023 to 2030) |
Largest segment | Aluminum |
Fastest growing segment | Steel |
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 |
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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 64.22% in 2023. Horizon Databook has segmented the Europe metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held the third-largest revenue share of 14.3% of the global metal recycling market in 2022. According to the World Economic Outlook (October 2023) by the International Monetary Fund (IMF), real GDP in the Eurozone was 0.5% in 2023.
The growth is expected to be 0.9% in 2024 and 1.7% in 2025, as the energy industry of the Eurozone rebalances, supply bottlenecks are overcome, customer/business confidence recovers, and the demand for exports grows.
According to Euro construct, the region witnessed zero growth in construction output in 2023, and a modest decline in 2024, as it was affected by inflation, higher interest rates, and weaker demand. The slowdown is expected to be the maximum in the residential sector, with new housing completions likely to decline to 2016 levels by 2025.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe metal recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Europe metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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