India Recycled Metal Market Size & Outlook, 2023-2030
Related Markets
India recycled metal market highlights
- The India recycled metal market generated a revenue of USD 28.9 million in 2023 and is expected to reach USD 38.0 million by 2030.
- The India market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Copper 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 28.9 million |
| Market revenue in 2030 | USD 38.0 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Copper |
| 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, India accounted for 8.0% 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.
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
Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.gfgalliance.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | http://www.emrgroup.com/ |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
| Norsk Hydro ASA | View profile | 32724 | Drammensveien 264, Oslo, Norway, NO-0283 | https://www.hydro.com |
| Commercial Metals Co | View profile | 13022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | https://www.cmc.com |
India 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 will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 84.43% in 2023. Horizon Databook has segmented the India 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 data, the GDP of India observed a growth of 7.2% in 2022 and stood at USD 3.42 trillion in the same year. The presence of favorable government policies related to old vehicle scrappage and the increased emphasis on sustainable steel production in the country drive the growth of the market in India.
As per the statistics published by the International Organization for Motor Vehicle Manufacturers, the total number of automotive sold in India remained at 4.7 million in 2022. The automotive sales in the country showed a growth of 25.7% and 23.8% in 2021 and 2022, respectively.
This growth can be attributed to growth in urbanization and transport needs. Due to this surge in the number of automotive cars in the country, it has been facing pollution and road safety problems. In March 2021, the Ministry of Road Transport and Highways of India introduced a Voluntary Vehicle Fleet Modernization Program (V-VMP) to create an ecosystem for removing unfit and polluting vehicles from roads in the country.
Reasons to subscribe to India recycled metal market 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 India recycled metal market databook
-
Our clientele includes a mix of recycled metal market 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 India recycled metal market , including forecasts for subscribers. This country databook contains high-level insights into India recycled metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India recycled metal market size, by material, 2018-2030 (US$M)
India Recycled Metal Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
