China Recycled Metal Market Size & Outlook, 2023-2030
China Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
China recycled metal market highlights
- The China recycled metal market generated a revenue of USD 130.9 million in 2023 and is expected to reach USD 197.0 million by 2030.
- The China market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, steel 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 130.9 million |
| Market revenue in 2030 | USD 197.0 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| 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, China accounted for 36.3% 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.
Increasing scrap generation from demolition of buildings and infrastructures and rising demand for electric arc furnace-based metal recycling facilities in the country act as drivers for the growth of the market in China.
The Government of China has adopted a build, pause, demolish, and repeat approach to prevent a drop in property prices in the country. Due to this, the real estate supply remained high in China. In 2023, housing sales in the country fell by 6.5% compared with that of 2022.
In December 2023 alone, housing sales in China decreased by 17.1% from a year earlier. Presently, the country has large uninhabited cities. As the builders in China are running out of funds, they are undertaking building demolition drives in the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
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 |
China 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.
Steel was the largest segment with a revenue share of 58.9% in 2023.
Horizon Databook has segmented the China recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing scrap generation from demolition of buildings and infrastructures and rising demand for electric arc furnace-based metal recycling facilities in the country act as drivers for the growth of the market in China.
The Government of China has adopted a build, pause, demolish, and repeat approach to prevent a drop in property prices in the country. Due to this, the real estate supply remained high in China. In 2023, housing sales in the country fell by 6.5% compared with that of 2022.
In December 2023 alone, housing sales in China decreased by 17.1% from a year earlier. Presently, the country has large uninhabited cities. As the builders in China are running out of funds, they are undertaking building demolition drives in the country.
- China Recycled Metal Market Material Outlook (Revenue, USD MIllion , 2018-2030)
- Steel
- Aluminum
- Copper
- Others
Reasons to subscribe to Recycled Metal Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Recycled Metal Market Outlook databook
- Our clientele includes a mix of Recycled Metal Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Recycled Metal Market, 2018-2030 (US$M)
China recycled metal market statistics, by material, 2018-2030 (US$M)
