Mexico - North America Recycled Metal Market Size & Outlook
Mexico - North America Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico recycled metal market highlights
- The Mexico recycled metal market generated a revenue of USD 7.9 million in 2023 and is expected to reach USD 11.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.9% 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 7.9 million |
| Market revenue in 2030 | USD 11.0 million |
| Growth rate | 4.9% (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, Mexico accounted for 2.2% 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 North America, U.S. recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10.7 million by 2030.
According to the data published by the world bank, GDP of Mexico stood at USD 1.28 trillion in 2022, witnessing a drop of 3.9% in the same year. The implementation of government policies in the country to regularize the use of old vehicles acts as an important driver for scrap generation in Mexico.
Mexico is the largest market for passenger vehicles, trucks, light vehicles, and auto parts manufactured in the U.S. Automotive market in Mexico has witnessed growth in recent years due to growing urbanization & need for transportation.
To cater to this growing demand for vehicles, the government of the country is focusing on the establishment of a well-developed automotive manufacturing sector. Automotive production accounted for a share of 18% of the manufacturing GDP of Mexico in 2022.
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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 |
Mexico - North America 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 48.1% in 2023.
Horizon Databook has segmented the Mexico - North America recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
According to the data published by the world bank, GDP of Mexico stood at USD 1.28 trillion in 2022, witnessing a drop of 3.9% in the same year. The implementation of government policies in the country to regularize the use of old vehicles acts as an important driver for scrap generation in Mexico.
Mexico is the largest market for passenger vehicles, trucks, light vehicles, and auto parts manufactured in the U.S. Automotive market in Mexico has witnessed growth in recent years due to growing urbanization & need for transportation.
To cater to this growing demand for vehicles, the government of the country is focusing on the establishment of a well-developed automotive manufacturing sector. Automotive production accounted for a share of 18% of the manufacturing GDP of Mexico in 2022.
- Mexico - North America 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 Mexico - North America Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Recycled Metal Market, 2018-2030 (US$M)
Mexico recycled metal market statistics, by material, 2018-2030 (US$M)
