North America Metal Recycling Market Size & Outlook
North America metal recycling market, 2018-2030 (US$M)
Related Markets
North America metal recycling market highlights
- The North America metal recycling market generated a revenue of USD 121,862.6 million in 2023.
- The market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, aluminum was the largest revenue generating metal in 2023.
- Steel is the most lucrative metal segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 121,862.6 million |
| Market revenue in 2030 | USD 151,343.4 million |
| Growth rate | 3.1% (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 |
Other key industry trends
- In terms of revenue, North America region accounted for 14.3% 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 |
|---|
North America 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 57.34% in 2023. Horizon Databook has segmented the North America metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing emphasis on clean energy and technology has become the predominant driver for metal recycling in the region. The usage of primary metal is being slowly replaced with secondary metal in many metal-consuming key industries, such as automotive, construction, consumer goods, and industrial goods.
Additionally, clean energy and sustainability are the predominant drivers to secondary metal usage. This is where secondary recycling facilities play a vital role and help in bridging this increasing gap/shortage of metal supply. Positive government efforts to increase the adoption of clean energy are expected to increase the demand for recycled metal in the region.
The investment is expected to increase Rio Tinto’s market share in the U.S. Matalco is anticipated to remain the dominant JV partner, with facilities located in the U.S. and Canada. Such developments are anticipated to continue driving the metal recycling market in the region over the forecast period.
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Our clientele includes a mix of metal recycling market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America metal recycling market , including forecasts for subscribers. This continent databook contains high-level insights into North America metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America metal recycling market size, by country, 2018-2030 (US$M)
North America Metal Recycling Market Outlook Share, 2023 & 2030 (US$M)
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