Market revenue in 2023 | USD 31,951.4 million |
Market revenue in 2030 | USD 40,796.7 million |
Growth rate | 3.6% (CAGR from 2023 to 2030) |
Largest segment | Aluminum |
Fastest growing segment | Other Metals |
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 56.09% in 2023. Horizon Databook has segmented the Latin America 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 IMF, the GDP growth rate of Central America and South America for 2023 was estimated to be 3.8% and 1.0%, respectively. The growth of the metal recycling market is positively influenced by its increasing demand across various sectors such as automotive and construction in the region.
For instance, in April 2022, the government of Chile announced its target of achieving 100% electricity-driven new vehicles in the country by 2035. The scheme was duly implemented in 2023. Such measures undertaken by governments in the region are anticipated to positively impact the metal recycling market.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America metal recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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