South Africa Recycled Metal Market Size & Outlook, 2023-2030
South Africa Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
South Africa recycled metal market highlights
- The South Africa recycled metal market generated a revenue of USD 1.1 million in 2023 and is expected to reach USD 1.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.5% 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 1.1 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 2.5% (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, South Africa accounted for 0.3% 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 Middle East & Africa, Saudi Arabia recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.3 million by 2030.
South Africa’s GDP was estimated at USD 405.2 billion in 2022. The major factors driving this market are growth in e-waste generation and the installation of electronic waste recycling facilities. According to the EPR Waste Association of South Africa (EWASA), electronic waste is currently the fastest-growing waste stream in South Africa.
The United Nations Global E-waste Monitor report revealed that South Africa generates around 360,000 tons of e-waste every year, with Gauteng contributing to approximately 55% of it. However, despite this, only 14% of e-waste is recycled, according to the South African Institution of Civil Engineering infrastructure report card for 2022.
Therefore, there is a pressing need for the construction of e-waste recycling plants in South Africa to mitigate the negative impact of e-waste on the environment and to recycle the precious metals generated from e-waste.
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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 |
South Africa 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 63.64% in 2023.
Horizon Databook has segmented the South Africa recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa’s GDP was estimated at USD 405.2 billion in 2022. The major factors driving this market are growth in e-waste generation and the installation of electronic waste recycling facilities. According to the EPR Waste Association of South Africa (EWASA), electronic waste is currently the fastest-growing waste stream in South Africa.
The United Nations Global E-waste Monitor report revealed that South Africa generates around 360,000 tons of e-waste every year, with Gauteng contributing to approximately 55% of it. However, despite this, only 14% of e-waste is recycled, according to the South African Institution of Civil Engineering infrastructure report card for 2022.
Therefore, there is a pressing need for the construction of e-waste recycling plants in South Africa to mitigate the negative impact of e-waste on the environment and to recycle the precious metals generated from e-waste.
- South Africa 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 South Africa Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Recycled Metal Market, 2018-2030 (US$M)
South Africa recycled metal market statistics, by material, 2018-2030 (US$M)
