Global Non-ferrous Scrap Recycling Databank Market Report

Global Non-ferrous Scrap Recycling Databank Market Report

The Non-ferrous Scrap Recycling market was valued at $245.6 Million in 2022, and is projected to reach $294.8 Million by 2031 growing at a CAGR of 2.09% from 2023 to 2031. Construction segment is expected to be the highest contributor to this market, with $73.4 Million in 2022, and is anticipated to reach $82.8 Million by 2031, registering a CAGR of 1.38%. Consumer goods segment is anticipated to reach $76.3 Million by 2031 with the highest CAGR of 2.90%. Construction and Automotive segments collectively expected to account for about 56.5% share of the Non-ferrous Scrap Recycling market in 2022, with the former constituting around 29.9% share. Consumer goods and Industrial goods segments are expected to witness significant growth rates at a CAGR of 2.90% and 2.73% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 43.5% in the overall Non-ferrous Scrap Recycling market in 2022, and is anticipated to reach 46.4% by 2031.