Metal Recycling Market Size is valued at 549.4 Billion in 2024 and is predicted to reach 1,058.30 Billion by the year 2034 at a 6.9% CAGR during the forecast period for 2025-2034.
Reprocessing scrap metal to create useful goods is known as recycling metal. The procedure is used to regulate energy usage, cut back on greenhouse gas emissions, and protect the environment. The process of taking waste metal, processing it, and turning it into a new substance is known as recycling metal. Products like poles, ropes and bars can be made with this recycled metal. Metals are employed in a range of industry sectors, including shipbuilding, packaging, automotive, and industrial machinery.
The development of the global market for metal recycling is anticipated to be fueled by an increase in construction activity in a number of areas, including Europe and Asia-Pacific. Urbanization and industrialization are increasing, and as economies develop quickly, so does the demand for metal recycling on a global scale. Manufacturers are being forced to adopt industrial metal recycling technology in their facilities due to the Environmental Protection Agency's claim that making steel from one fair amount of scrap steel can reduce CO2 emissions by a factor of 1.5. Manufacturers are compelled to do this because of this factor.
Additionally, the rising geopolitical unrest has driven manufacturers and government organizations in numerous countries to reduce their reliance on metal imports from other economies like China and India. China, India, and several more countries are among these. The reason for this is that there's a chance the conflict could get worse.
The segmentation of the Metal Recycling market is on the basis of type, scrap type, equipment and end-user. Based on Type, the market is segmented as Ferrous and Non-Ferrous Metals. Secondly, the Scrap Type segment is divided into old scrap and new scrap, while the third segment, Equipment, is divided into Shredders, Shears, Granulating Machines, and Briquetting Machines. The End-User segment includes Building and Construction, Packaging, Automotive, Shipbuilding, and Electronics and Electrical Equipment.
The electronic equipment category is expected to hold a major share of the global Metal Recycling market. Lead, copper, gold, and aluminium are among the valuable metals frequently found in large numbers in electronic gadgets; recycling these materials helps guarantee that natural resources are preserved to the maximum extent feasible. The electronics and electrical equipment business is expected to experience the highest growth rate during the time period under review as a direct result of this.
The ferrous segment is projected to grow at a rapid rate in the global Metal Recycling market, and processing it results in the production of new metal. Iron can be recycled indefinitely without losing any of its material properties.
Asia Pacific is predicted to rule the industry due to its growing economy. In emerging nations like China and India, the need for metal is predicted to increase, which is anticipated to benefit the regional market. Given the enormous metal recycling sector there is, Europe is expected to grow significantly. North America is anticipated to witness tremendous growth as a result of the stringent rules put in place by government officials to prohibit the unauthorized use of mines and metal reserves. The mining industry will cause a moderate rise in Latin America. By the end of the predicted period, Middle East & Africa will show slow development.
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 61.37 Billion |
|
Revenue Forecast In 2031 |
USD 111.31 Billion |
|
Growth Rate CAGR |
CAGR of 7.1 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, By Scrap Type, By Equipment, By End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
ArcelorMittal, Commercial Metals Company, Aurubis AG, SIMS Metal Management Limited, Nucor Corporation, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, Schnitzer Steel Industries, Inc. Kimmel Scrap Iron & Metal Co., Inc. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Metal Recycling Market Snapshot
Chapter 4. Global Metal Recycling Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type & Market Share, 2024-2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Type:
5.2.1. Ferrous
5.2.2. Non-Ferrous
Chapter 6. Market Segmentation 2: By Scrap Type Estimates & Trend Analysis
6.1. By Type & Market Share, 2024-2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Scrap Type:
6.2.1. Old Scrap
6.2.2. New Scrap
Chapter 7. Market Segmentation 3: By Equipment Estimates & Trend Analysis
7.1. By Type & Market Share, 2024-2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Equipment:
7.2.1. Shredders
7.2.2. Shears
7.2.3. Granulating Machines
7.2.4. Briquetting Machines
Chapter 8. Market Segmentation 4: By End-use Sector Estimates & Trend Analysis
8.1. By Type & Market Share, 2024-2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-use Sector:
8.2.1. Building & Construction
8.2.2. Automotive
8.2.3. Equipment Manufacturing
8.2.4. Shipbuilding
8.2.5. Packaging
8.2.6. Consumer Appliances
8.2.7. Others (Home & Industrial Furniture, Aerospace, and Residential & Commercial Utensils & Containers)
Chapter 9. Metal Recycling Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Metal Recycling Market revenue (US$ Million) estimates and forecasts By Type, 2021-2034
9.1.2. North America Metal Recycling Market revenue (US$ Million) estimates and forecasts By Scrap Type, 2021-2034
9.1.3. North America Metal Recycling Market revenue (US$ Million) estimates and forecasts By Equipment, 2021-2034
9.1.4. North America Metal Recycling Market revenue (US$ Million) estimates and forecasts By, End-use Sector 2021-2034
9.1.5. North America Metal Recycling Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
9.1.5.1. U.S.
9.1.5.2. Canada
9.2. Europe
9.2.1. Europe Metal Recycling Market revenue (US$ Million) by By Type, 2021-2034
9.2.2. Europe Metal Recycling Market revenue (US$ Million) estimates and forecasts By Scrap Type, 2021-2034
9.2.3. Europe Metal Recycling Market revenue (US$ Million) estimates and forecasts By Equipment 2021-2034
9.2.4. Europe Metal Recycling Market revenue (US$ Million) estimates and forecasts By End-use Sector,2021-2034
9.2.5. Europe Metal Recycling Market revenue (US$ Million) by country, 2021-2034
9.2.5.1. Germany
9.2.5.2. Poland
9.2.5.3. France
9.2.5.4. Italy
9.2.5.5. Spain
9.2.5.6. UK
9.2.5.7. Rest of Europe
9.3. Asia Pacific
9.3.1. Asia Pacific Metal Recycling Market revenue (US$ Million) by By Type, 2021-2034
9.3.2. Asia Pacific Metal Recycling Market revenue (US$ Million) estimates and forecasts By Scrap Type, 2021-2034
9.3.3. Asia Pacific Metal Recycling Market revenue (US$ Million) estimates and forecasts By Equipment, 2021-2034
9.3.4. Asia Pacific Metal Recycling Market revenue (US$ Million) estimates and forecasts By End-use Sector, 2023-20
9.3.5. Asia Pacific Metal Recycling Market revenue (US$ Million) by country, 2021-2034
9.3.5.1. China
9.3.5.2. India
9.3.5.3. Japan
9.3.5.4. Australia
9.3.5.5. Rest of Asia Pacific
9.4. Latin America
9.4.1. Latin America Metal Recycling Market revenue (US$ Million) by By Type, 2021-2034
9.4.2. Latin America Metal Recycling Market revenue (US$ Million) estimates and forecasts By Scrap Type, 2021-2034
9.4.3. Latin America Metal Recycling Market revenue (US$ Million) estimates and forecasts By End - Use, 2021-2034
9.4.4. Latin America Metal Recycling Market revenue (US$ Million) estimates and forecasts By End-use Sector, 2021-2034
9.4.5. Latin America Metal Recycling Market revenue (US$ Million) by country, (US$ Million) 2021-2034
9.4.5.1. Brazil
9.4.5.2. Rest of Latin America
9.5. Middle East & Africa
9.5.1. Middle East & Africa Metal Recycling Market revenue (US$ Million) by By Type, (US$ Million)
9.5.2. Middle East & Africa Metal Recycling Market revenue (US$ Million) estimates and forecasts By Scrap Type, 2021-2034
9.5.3. Middle East & Africa Metal Recycling Market revenue (US$ Million) estimates and forecasts By Equipment, 2021-2034
9.5.4. Middle East & Africa Metal Recycling Market revenue (US$ Million) estimates and forecasts By End-use Sector, 2021-2034
9.5.5. Middle East & Africa Metal Recycling Market revenue (US$ Million) by country, (US$ Million) 2021-2034
9.5.5.1. South Africa
9.5.5.2. GCC Countries
9.5.5.3. Rest of MEA
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. ArcelorMittal
10.2.2. Commercial Metals Company
10.2.3. Aurubis AG
10.2.4. SIMS Metal Management Limited
10.2.5. Nucor Corporation
10.2.6. European Metal Recycling Limited
10.2.7. Tata Steel
10.2.8. Dowa Holdings Co., Ltd.
10.2.9. OmniSource Corporation
10.2.10. Schnitzer Steel Industries, Inc.
10.2.11. Kimmel Scrap Iron & Metal Co., Inc.
Metal Recycling Market By Type-
Metal Recycling Market By Scrap Type
Metal Recycling Market By Equipment
Metal Recycling Market By End-User-
Metal Recycling Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
