Australia Recycled Metal Market Size & Outlook, 2023-2030
Australia Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
Australia recycled metal market highlights
- The Australia recycled metal market generated a revenue of USD 2.6 million in 2023 and is expected to reach USD 3.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, aluminum was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
Recycled metal market data book summary
| Market revenue in 2023 | USD 2.6 million |
| Market revenue in 2030 | USD 3.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Copper |
| Key market players worldwide | Commercial Metals Co, Norsk Hydro ASA, Tata Steel Ltd GDR - 144A, European Metal Recycling, GFG Alliance, Novelis |
Other key industry trends
- In terms of revenue, Australia accounted for 0.7% of the global recycled metal market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 197.0 million by 2030.
According to the World Bank, the GDP of Australia was recorded at USD 1.69 trillion in 2022. The scrap generation from decommissioning of coal-based power plants is considered an important driver for the growth of the market in the country.
According to a report published by the Government of Australia in August 2023, greenhouse gas emissions remained at 465.9 million tons of carbon dioxide equivalent in the previous year. Moreover, Australia has submitted revised Nationally Determined Targets (NDCs) in 2022. In these new NDCs, the country is planning to reduce its greenhouse emissions to 43% below 2005 levels by 2030.
Hence, the Government of Australia has been focusing on reducing greenhouse gas emissions from various industries. To facilitate the reduction in greenhouse gas emissions, it has been planning to accelerate the decommissioning of coal-based power plants to meet its new ambitious emission reduction targets.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| Norsk Hydro ASA | View profile | 32,724 | Drammensveien 264, Oslo, Norway, NO-0283 | www.hydro.com |
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | novelis.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | www.emrgroup.com/ |
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | www.gfgalliance.com |
Australia Recycled Metal 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 Recycled Metal Market Outlook will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 34.62% in 2023.
Horizon Databook has segmented the Australia recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, the GDP of Australia was recorded at USD 1.69 trillion in 2022. The scrap generation from decommissioning of coal-based power plants is considered an important driver for the growth of the market in the country.
According to a report published by the Government of Australia in August 2023, greenhouse gas emissions remained at 465.9 million tons of carbon dioxide equivalent in the previous year. Moreover, Australia has submitted revised Nationally Determined Targets (NDCs) in 2022. In these new NDCs, the country is planning to reduce its greenhouse emissions to 43% below 2005 levels by 2030.
Hence, the Government of Australia has been focusing on reducing greenhouse gas emissions from various industries. To facilitate the reduction in greenhouse gas emissions, it has been planning to accelerate the decommissioning of coal-based power plants to meet its new ambitious emission reduction targets.
- Australia Recycled Metal Market Material Outlook (Revenue, USD MIllion , 2018-2030)
- Steel
- Aluminum
- Copper
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Recycled Metal Market, 2018-2030 (US$M)
Australia recycled metal market statistics, by material, 2018-2030 (US$M)
