India Metal Recycling Market Size & Outlook, 2023-2030

The metal recycling market in India is expected to reach a projected revenue of US$ 21,384.0 million by 2030. A compound annual growth rate of 6% is expected of India metal recycling market from 2024 to 2030.
Revenue, 2023 (US$M)
$14,259.0
Forecast, 2030 (US$M)
$21,384.0
CAGR, 2024 - 2030
6%
Report Coverage
India

India metal recycling market highlights

  • The India metal recycling market generated a revenue of USD 14,259.0 million in 2023 and is expected to reach USD 21,384.0 million by 2030.
  • The India market is expected to grow at a CAGR of 6% from 2024 to 2030.
  • In terms of segment, steel was the largest revenue generating metal in 2023.
  • Other Metals is the most lucrative metal segment registering the fastest growth during the forecast period.


Metal recycling market data book summary

Market revenue in 2023USD 14,259.0 million
Market revenue in 2030USD 21,384.0 million
Growth rate6% (CAGR from 2023 to 2030)
Largest segmentSteel
Fastest growing segmentOther Metals
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSteel, Copper, Aluminum, Other Metals
Key market players worldwideEuropean 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, India accounted for 1.7% of the global metal recycling market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China metal recycling market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,384.0 million by 2030.

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Metal Recycling Market Companies

Name Profile # Employees HQ Website

India 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.


Steel was the largest segment with a revenue share of 78.76% in 2023. Horizon Databook has segmented the India metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.


India is among the fastest-growing economies in the world and is witnessing positive economic growth owing to government initiatives such as Make in India and Atmanirbhar Bharat. These initiatives, in turn, are promoting the growth of the manufacturing industry and infrastructure development projects in the country while encouraging foreign direct investments (FDIs).

This is expected to augment the growth of equipment manufacturing and enhance metal recycling in India. Metal recycling in the country is anticipated to increase during the first quarter of 2024 owing to a number of new construction and infrastructure development projects announced by the Government of India.

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Target buyers of India metal recycling market databook

  • Our clientele includes a mix of metal recycling 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India metal recycling market , including forecasts for subscribers. This country databook contains high-level insights into India metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India metal recycling market size, by metal, 2018-2030 (US$M)

India Metal Recycling Market Outlook Share, 2023 & 2030 (US$M)

India metal recycling market size, by metal, 2018-2030 (US$M)

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