U.S. Metal Recycling Market Size & Outlook, 2023-2030

The metal recycling market in the United States is expected to reach a projected revenue of US$ 92,945.1 million by 2030. A compound annual growth rate of 3.2% is expected of the United States metal recycling market from 2024 to 2030.
Revenue, 2023 (US$M)
$74,544.8
Forecast, 2030 (US$M)
$92,945.1
CAGR, 2024 - 2030
3.2%
Report Coverage
U.S.

U.S. metal recycling market highlights

  • The U.S. metal recycling market generated a revenue of USD 74,544.8 million in 2023 and is expected to reach USD 92,945.1 million by 2030.
  • The U.S. market is expected to grow at a CAGR of 3.2% 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.


Metal recycling market data book summary

Market revenue in 2023USD 74,544.8 million
Market revenue in 2030USD 92,945.1 million
Growth rate3.2% (CAGR from 2023 to 2030)
Largest segmentAluminum
Fastest growing segmentSteel
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, U.S. accounted for 8.8% 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 North America, U.S. metal recycling market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 92,945.1 million by 2030.

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Metal Recycling Market Companies

Name Profile # Employees HQ Website

U.S. 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 47.23% in 2023. Horizon Databook has segmented the U.S. 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 latest statistics released by the World Integrated Trade Solution, World Bank, the U.S. is one of the largest scrap suppliers globally. Hence, the country is one of the largest net exporters of metal recycling in the world. The key export destinations were China, Germany, South Korea, Belgium, and Japan.

Industrialization and continuing investment in infrastructure have resulted in increased metal requirements in many states. According to the Federal Reserve Bank of St. Louis, the construction industry in the U.S. accounted for approximately 4% of its GDP in 2023, witnessing a marginal increase from 3.9% in 2022.

Furthermore, the rising demand for renewable energy and government policies to switch to solar energy have increased the demand for sustainable construction in the country. Further, the growing number of EVs has also raised the demand for decarbonized metal, such as steel and copper, thereby increasing the demand for metal recycling in the U.S.

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

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U.S. metal recycling market size, by metal, 2018-2030 (US$M)

U.S. Metal Recycling Market Outlook Share, 2023 & 2030 (US$M)

U.S. metal recycling market size, by metal, 2018-2030 (US$M)

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