Market revenue in 2023 | USD 74,544.8 million |
Market revenue in 2030 | USD 92,945.1 million |
Growth rate | 3.2% (CAGR from 2023 to 2030) |
Largest segment | Aluminum |
Fastest growing segment | Steel |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 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.
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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