Metal Recycling Market Size, Share, Opportunities, And Trends By Type (Ferrous Metal, Non- Ferrous Metal), By Scrap Type (Old Scrap, New Scrap), By End-User Industry (Construction, Automotive, Equipment Manufacturing, Shipbuilding, Others), and By Geography - Forecasts From 2025 To 2030

The Metal Recycling Market is projected to grow at a CAGR of 6.81% between 2025 to 2030.

Metal Recycling Market Trends:

The metal recycling market is growing at a very fast pace. According to a recent study by the United Nations Department of Economics and Social Affairs, 55% of the world's population lives in urban areas, and it is estimated that this percentage will grow to about 68% by 2050. The boost in the market is due to the increase in industrialization and advancements in developing countries. According to a recent study, the production of about one ton of steel can lead to the emission of two tons of CO2. Metal recycling is essential for the conservation of natural resources, as it reduces the emission of greenhouse gases.

Metal Recycling Market Drivers:

• Protection of the environment and preserving natural resources are major reasons to use recycled metal. With time, the increase in mining activities in search of metal has led to the destruction of natural habitat as well as has polluted the surrounding air, water, and soil.

• Using recycled metal will lead to a reduction of CO2 emissions. According to a study by the Institute of Scrap Recycling Industries, the use of recycled metal reduces greenhouse gas emissions by around 500 million tons.

• The amount of money saved from switching from mining can be utilized in other projects, leading to the advancement of the economy.

• According to research done by the National Institute of Health, the metal recycling industry can lead to employment generation, creating jobs more by 36 times.

• According to a recent study, the amount of energy saved from the use of recycled metal accounts for 92% aluminum, 90% copper, and 56% steel.

• Various government regulations will help boost the metal recycling industry.

• Growth in the construction industry of Asia Pacific countries and the Middle East will foster the growth of the market.

• Growth in the demand for electronics, automobiles, household appliances, and various other things will boost the demand for recycled scrap metal.

• An increase in the prices of ferrous metals will drive growth in the market.

Metal Recycling Market Restraints:

• The process of recycling these metals is not efficient.

• The cost of recycling metal is very high when it comes to the equipment used and the logistics required.

• Skilled labor is required for working with this highly sophisticated machinery, which will again lead to increasing the cost of the company. Moreover, the shortage of these skilled laborers will be a major hurdle for the industry.

Metal Recycling Market Geographical Outlook:

• APAC region to show lucrative growth

The APAC region contributed a significant share in terms of the global revenue in the market in 2019. The major reason is an increase in the demand for recycled metal in the construction industry, which is one of the key users of recycled metal. With the increase in development and industrialization in this region, the demand for recycled metal will grow, and it will continue to dominate the market.

• North America offers a high revenue generation opportunity

America is a developed nation considering the advancement in technology, and increasing concern regarding environmental protection has led to an increase in the demand for recycled metal. Spreading awareness about the benefits of using recycled metal and government policies and initiatives have encouraged the public and private sector companies to use recycled metal.

Metal Recycling Market Recent Developments:

• According to the Indian Union Budget 2021-22, the import duty on copper scrap has been reduced from 5% to 2.5% in order to promote recycling in the country.

• 31 December, 2020, Norfolk Iron & Metal Company acquired Coeur D'Alenes Company.

• 4 January 2021, AllMetal Recycling acquired Salina Iron & Metal to increase their market reach.

• AMNS Luxembourg Holding S.A., which is a joint venture between Nippon Steel Corporation and ArcelorMittal has entered into a term loan agreement of $5.14 billion to refinance a loan taken for acquiring the former Essar Steel India, which is now renamed as ArcelorMittal NipponSteel India (AM/NS India).

• 7 February 2020, Kuusakoski Recycling divested its subsidiary operating in Moscow, AO Petromax to JSC Akron Holding, which is a Russian recycling group.

• Tom Martin & Co has appointed Beever and Struthers for its accountancy and business advisory services.

Metal Recycling Market Competitive Trends:

Major players in the industry use various strategies to stay ahead of each other, like entering into a joint venture, acquiring another company, and various others. Initiatives by the government not only encourage but also increase competitiveness in the market.

Metal Recycling Market Key Players:

The major players in the global market of metal recycling are Aurubis AG, Commercial Metals Company, Norton Aluminium Ltd., DOWA HOLDINGS Co., REAL ALLOY, Kuusakoski Recycling, ArcelorMittal S.A., Ltd., Sims Metal Management, Tom Martin & Co. Ltd., Nucor Corporation, and European Metal Recycling, Novelis Inc., and several others.

Metal Recycling Market Segmentation:

• By Type

  • Ferrous Metal

  • Non-Ferrous Metal

• By Scrap Type

  • Old Scrap

  • New Scrap

• By End-User

  • Construction

  • Automotive

  • Equipment Manufacturing

  • Shipbuilding

  • Others

• By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

    • South America

    • Brazil

    • Argentina

    • Others

  • Europe

    • U.K

    • Germany

    • France

    • Spain

    • Others

  • Middle East and Africa

    • Israel

    • Saudi Arabia

    • Others

  • Asia-Pacific

    • China

    • Japan

    • Australia

    • South Korea

    • India

    • Others

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Metal Recycling Market Analysis, By Type
5.1. Introduction
5.2. Ferrous Metal
5.3. Non-Ferrous Metal

6. Global Metal Recycling Market Analysis, By Scrap Type
6.1. Introduction
6.2. Old Scrap
6.3. New Scrap

7. Global Metal Recycling Market Analysis, By End-User
7.1. Introduction
7.2. Construction
7.3. Automotive
7.4. Equipment Manufacturing
7.5. Shipbuilding
7.6. Others

8. Global Metal Recycling Market Analysis, by Geography  
8.1.  Introduction
8.2.  North America  
8.2.1. North America Metal Recycling Market Analysis, By Type, 2021 to 2026
8.2.2. North America Metal Recycling Market Analysis, By Scrap Type, 2021 to 2026
8.2.3. North America Metal Recycling Market Analysis, By End-User, 2021 to 2026
8.2.4. By Country
8.2.4.1.  United States
8.2.4.2.  Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Metal Recycling Market Analysis, By Type, 2021 to 2026
8.3.2. South America Metal Recycling Market Analysis, By Scrap Type, 2021 to 2026
8.3.3. South America Metal Recycling Market Analysis, By End-User, 2021 to 2026
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe 
8.4.1. Europe Metal Recycling Market Analysis, By Type, 2021 to 2026
8.4.2. Europe Metal Recycling Market Analysis, By Scrap Type, 2021 to 2026
8.4.3. Europe Metal Recycling Market Analysis, By End-User, 2021 to 2026
8.4.4. By Country
8.4.4.1. U.K
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Metal Recycling Market Analysis, By Type, 2021 to 2026
8.5.2. Middle East and Africa Metal Recycling Market Analysis, By Scrap Type, 2021 to 2026
8.5.3. Middle East and Africa Metal Recycling Market Analysis, By End-User, 2021 to 2026
8.5.4. By Country
8.5.4.1. Israel
8.5.4.2. Saudi Arabia
8.5.4.3. Others
8.6. Asia Pacific  
8.6.1. Asia Pacific Metal Recycling Market Analysis, By Type, 2021 to 2026
8.6.2. Asia Pacific Metal Recycling Market Analysis, By Scrap Type, 2021 to 2026
8.6.3. Asia Pacific Metal Recycling Market Analysis, By End-User, 2021 to 2026
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. Australia
8.6.4.4. South Korea
8.6.4.5. India
8.6.4.6. Others

9.  Competitive Environment and Analysis
9.1.  Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10.  Company Profiles
10.1. Aurubis AG
10.2. Commercial Metals Company
10.3. Norton Aluminium Ltd.
10.4. DOWA HOLDINGS Co.
10.5. Kuusakoski Recycling
10.6. Sims Metal Management
10.7. Tom Martin & Co. Ltd.
10.8. Nucor Corporation
10.9. European Metal Recycling
10.10. Novelis Inc.
 

Aurubis AG

Commercial Metals Company

Norton Aluminium Ltd.

DOWA HOLDINGS Co.

Kuusakoski Recycling

Sims Metal Management

Tom Martin & Co. Ltd.

Nucor Corporation

European Metal Recycling

Novelis Inc.