Metal Recycling Market was valued at US$ 65.16 Bn. in 2023. Global Metal Recycling Market size is expected to grow at a CAGR of 6.01 % through the forecast period.Metal Recycling Market Overview:
Metal recycling is defined as the reprocessing of scrap metal into valuable products. Metal recycling refers to systematically collecting various metals at the end of their useful life, and sorting them according to metal types and quality. This step is followed by processing, purifying and finally making brand new products using the recycled metals. Metal recycling process conserves natural resources by reducing greenhouse gas emissions and using less energy than making metal from virgin ore. The production of new metal releases a far greater amount of greenhouse gas emissions compared to making products from recycled metal.To know about the Research Methodology :- Request Free Sample Report Metal recycling is one of the industrially and environmentally important process. Metal recycling helps to Reduces the amount of waste sent to landfills and incinerators, Conserves natural resources such as timber, water and minerals, Increases economic security by tapping a domestic source of materials, Prevents pollution by reducing the need to collect new raw materials and Saves energy. The report explores the market's segments (Connectivity and Content, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario.
Metal Recycling Market Dynamics:
The primary driver of market expansion is the rising demand for metals, which is being accompanied by a growing emphasis on resource conservation and greenhouse gas emission reduction. Recycling metal enables businesses to obtain raw materials without compromising the quality of the products they produce. The market is also influenced by the increased interest in recycling metals for energy savings and the growing awareness of the efficient use of natural resources. Additionally, the market for metal recycling is positively impacted by the development in environmental concerns, increase in investments, rise in awareness, and availability of awareness programmes for sustainable waste management techniques. The building and construction, packing, automotive, industrial machinery, and shipbuilding industries are just a few of the industries that employ metals. Global building activity expansion is anticipated to drive the growth of the market. Rapid urbanisation increases government and consumer investment on housing and infrastructure development, which has a substantial positive impact on the metal recycling business. The market for recycled metal is growing as a result of manufacturers' high acceptance of the method for getting raw materials to make completed items without altering their qualities and the existence of government-enforced laws and regulations. The automobile sector makes substantial use of metal. Engine components and a wide range of other auto parts, including hoods, mufflers, fundamental vehicle chassis for doors, and fuel tanks, are made of steel. As a result, it is anticipated that the market for metal recycling would grow. Metal production would require less energy and ore if most people recycled metal and metal products on a regular basis. This will result in a decrease in the actual cost of purchasing metal, which will enable you to save some money and fuel the growth of the metal recycling business. Raising public awareness of the diseases that air pollution causes, such as respiratory illnesses. When any industry creates a new metal product, they occasionally emit highly hazardous emissions into the air, increasing the harmful levels of air pollution in cities and maybe endangering your and other people' respiratory health. Due to the rapidly expanding public awareness of the advantages of using metal wastes, the industry for metal recycling seems to have a promising future. Key market trends in the metal recycling industry include worries about the depletion of rare earth metals as well as strict government laws and environmental protection standards. The economy and market actors are anticipated to gain a lot from metal recycling technologies.Metal Recycling Market Segment Analysis:
Based on the Metal Type, the market is segmented into ferrous metal and non-ferrous metal. Ferrous metal would dominate the market, with a high market share during the forecast period. Ferrous scrap metal accounts for the largest volume of metal scrapped worldwide, and ferrous metal is typically more resistant to rust and staining than non-ferrous metal. Based on the Scrap Type, the market is segmented into old scrap and new scrap. Old scrap is expected to dominate the market with a market share high during the forecast period for metal recycling. Old scrap is the most used Scrap type because reducing greenhouse gas emissions and using less energy than making metal. Based on Equipment, the metal recycling market is segmented into shredders, shears, granulating machines and briquetting machines.Shredders equipment would have dominance in the market with a market share high during the forecast period for metal recycling Market. Due to benefit of recycling reduces air pollution and environmental hazards. Shredded scrap is easier to manage and provides a dense mix when blended with other stock. The shredded scrap is automatically segregated into ferrous and non-ferrous materials.Metal Recycling Market Regional Insights:
Asia pacific is anticipated to be the largest and fastest growing market and the growth is attributed to the increasing economic growth. Increasing demand of metal from emerging nations like India and China is expected to boost the regional market. North America is expected to show considerable growth due to stringent rules imposed by government authorities to stop illegal and exploitation of mines and metal reserves and well-established construction and automobile sectors in the region.Metal Recycling Market Ecosystem
Metal Recycling Market Scope: Inquire before buying
Metal Recycling Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 65.16 Bn. Forecast Period 2024 to 2030 CAGR: 6.01 % Market Size in 2030: USD 98.04 Bn. Segments Covered: by Metal Type Ferrous Metal Non-Ferrous Metal by Scrap type Old Scrap New Scrap by End User Building & Construction Automotive Shipbuilding Consumer Durables Recycling Industrial Machinery Others Metal Recycling Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Metal Recycling Market, Key Players
1. ArcelorMittal 2. Nucor Corporation 3. Commercial Metals Company 4. SIMS Metal Management Limited 5. Aurubis AG 6. European Metal Recycling Limited 7. Tata Steel 8. Dowa Holdings Co., Ltd. 9. OmniSource Corporation 10. Schnitzer Steel Industries, Inc. 11. Baosteel Co. Ltd. 12. REMONDIS SE & Co. KG 13. Novelis Aluminum 14. Norton Aluminum Ltd 15. Kuusakoski 16. REAL ALLOY 17. Tom Martin & Co Ltd. 18. TMS International 19. PSC Metals 20. Mervis Industries 21. Upstate Metal Recycling 22. Cozzi RecyclingFrequently Asked Questions:
1] What segments are covered in the Global Metal Recycling Market report? Ans. The segments covered in the Metal Recycling Market report are based on Type of metal, type of scrap, equipment and end user. 2] Which region is expected to hold the highest share in the Global Metal Recycling Market? Ans. Asia Pacific region is expected to hold the highest share in the Metal Recycling Market. 3] What is the market size of the Global Metal Recycling Market by 2030? Ans. The market size of the Metal Recycling Market by 2030 is expected to reach US$ 98.04 Bn. 4] What is the forecast period for the Global Metal Recycling Market? Ans. The forecast period for the Metal Recycling Market is 2024-2030. 5] What was the market size of the Global Metal Recycling Market in 2023? Ans. The market size of the Metal Recycling Market in 2023 was valued at US$ 65.16 Bn.
1. Metal Recycling Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Metal Recycling Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem Analysis 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Consolidation of the Market 2.8.1. Strategic Initiatives and Developments 2.8.2. Mergers and Acquisitions 2.8.3. Collaborations and Partnerships 2.8.4. Product Launches and Innovations 3. Metal Recycling Market: Dynamics 3.1. Metal Recycling Market Trends 3.2. Metal Recycling Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Technology Analysis 3.7. Regulatory Landscape 3.7.1. Tariffs Related to Metal Recycling 3.7.2. Regulatory Bodies, Government Agencies, and Other Organizations 3.8. Trade Analysis 3.8.1. Import Scenario 3.8.2. Export Scenario 3.9. Pricing Analysis 3.9.1. Average Selling Price Trend by Region 3.9.2. Average Selling Price Trend by Key Players 3.10. Patent Analysis 3.10.1. Publication Trends In the Last 10 Years 3.10.2. Top Applicants 4. Metal Recycling Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 4.1. Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 4.1.1. Ferrous Metal 4.1.2. Non-Ferrous Metal 4.2. Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 4.2.1. Old Scrap 4.2.2. New Scrap 4.3. Metal Recycling Market Size and Forecast, by End-User (2023-2030) 4.3.1. Building & Construction 4.3.2. Automotive 4.3.3. Shipbuilding 4.3.4. Consumer Durables 4.3.5. Recycling 4.3.6. Industrial Machinery 4.3.7. Others 4.4. Metal Recycling Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Metal Recycling Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 5.1. North America Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 5.1.1. Ferrous Metal 5.1.2. Non-Ferrous Metal 5.2. North America Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 5.2.1. Old Scrap 5.2.2. New Scrap 5.3. North America Metal Recycling Market Size and Forecast, by End-User (2023-2030) 5.3.1. Building & Construction 5.3.2. Automotive 5.3.3. Shipbuilding 5.3.4. Consumer Durables 5.3.5. Recycling 5.3.6. Industrial Machinery 5.3.7. Others 5.4. North America Metal Recycling Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 5.4.1.1.1. Ferrous Metal 5.4.1.1.2. Non-Ferrous Metal 5.4.1.2. United States Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 5.4.1.2.1. Old Scrap 5.4.1.2.2. New Scrap 5.4.1.3. United States Metal Recycling Market Size and Forecast, by End-User (2023-2030) 5.4.1.3.1. Building & Construction 5.4.1.3.2. Automotive 5.4.1.3.3. Shipbuilding 5.4.1.3.4. Consumer Durables 5.4.1.3.5. Recycling 5.4.1.3.6. Industrial Machinery 5.4.1.3.7. Others 5.4.2. Canada 5.4.2.1. Canada Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 5.4.2.1.1. Ferrous Metal 5.4.2.1.2. Non-Ferrous Metal 5.4.2.2. Canada Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 5.4.2.2.1. Old Scrap 5.4.2.2.2. New Scrap 5.4.2.3. Canada Metal Recycling Market Size and Forecast, by End-User (2023-2030) 5.4.2.3.1. Building & Construction 5.4.2.3.2. Automotive 5.4.2.3.3. Shipbuilding 5.4.2.3.4. Consumer Durables 5.4.2.3.5. Recycling 5.4.2.3.6. Industrial Machinery 5.4.2.3.7. Others 5.4.3. Mexico 5.4.3.1. Mexico Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 5.4.3.1.1. Ferrous Metal 5.4.3.1.2. Non-Ferrous Metal 5.4.3.2. Mexico Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 5.4.3.2.1. Old Scrap 5.4.3.2.2. New Scrap 5.4.3.3. Mexico Metal Recycling Market Size and Forecast, by End-User (2023-2030) 5.4.3.3.1. Building & Construction 5.4.3.3.2. Automotive 5.4.3.3.3. Shipbuilding 5.4.3.3.4. Consumer Durables 5.4.3.3.5. Recycling 5.4.3.3.6. Industrial Machinery 5.4.3.3.7. Others 6. Europe Metal Recycling Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 6.1. Europe Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.2. Europe Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.3. Europe Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4. Europe Metal Recycling Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.1.2. United Kingdom Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.1.3. United Kingdom Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.2. France 6.4.2.1. France Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.2.2. France Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.2.3. France Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.3.2. Germany Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.3.3. Germany Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.4.2. Italy Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.4.3. Italy Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.5.2. Spain Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.5.3. Spain Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.6.2. Sweden Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.6.3. Sweden Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.7. Russia 6.4.7.1. Russia Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.7.2. Russia Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.7.3. Russia Metal Recycling Market Size and Forecast, by End-User (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 6.4.8.2. Rest of Europe Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 6.4.8.3. Rest of Europe Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7. Asia Pacific Metal Recycling Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 7.1. Asia Pacific Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.2. Asia Pacific Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.3. Asia Pacific Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.4. Asia Pacific Metal Recycling Market Size and Forecast, by Industry (2023-2030) 7.5. Asia Pacific Metal Recycling Market Size and Forecast, by Country (2023-2030) 7.5.1. China 7.5.1.1. China Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.1.2. China Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.1.3. China Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.5.2. S Korea 7.5.2.1. S Korea Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.2.2. S Korea Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.2.3. S Korea Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.5.3. Japan 7.5.3.1. Japan Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.3.2. Japan Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.3.3. Japan Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.5.4. India 7.5.4.1. India Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.4.2. India Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.4.3. India Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.5.5. Australia 7.5.5.1. Australia Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.5.2. Australia Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.5.3. Australia Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.5.6. ASEAN 7.5.6.1. ASEAN Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.6.2. ASEAN Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.6.3. ASEAN Metal Recycling Market Size and Forecast, by End-User (2023-2030) 7.5.7. Rest of Asia Pacific 7.5.7.1. Rest of Asia Pacific Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 7.5.7.2. Rest of Asia Pacific Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 7.5.7.3. Rest of Asia Pacific Metal Recycling Market Size and Forecast, by End-User (2023-2030) 8. Middle East and Africa Metal Recycling Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 8.1. Middle East and Africa Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 8.2. Middle East and Africa Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 8.3. Middle East and Africa Metal Recycling Market Size and Forecast, by End-User (2023-2030) 8.4. Middle East and Africa Metal Recycling Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 8.4.1.2. South Africa Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 8.4.1.3. South Africa Metal Recycling Market Size and Forecast, by End-User (2023-2030) 8.4.2. GCC 8.4.2.1. GCC Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 8.4.2.2. GCC Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 8.4.2.3. GCC Metal Recycling Market Size and Forecast, by End-User (2023-2030) 8.4.3. Rest of ME&A 8.4.3.1. Rest of ME&A Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 8.4.3.2. Rest of ME&A Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 8.4.3.3. Rest of ME&A Metal Recycling Market Size and Forecast, by End-User (2023-2030) 9. South America Metal Recycling Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030 9.1. South America Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 9.2. South America Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 9.3. South America Metal Recycling Market Size and Forecast, by End-User (2023-2030) 9.4. South America Metal Recycling Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 9.4.1.2. Brazil Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 9.4.1.3. Brazil Metal Recycling Market Size and Forecast, by End-User (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 9.4.2.2. Argentina Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 9.4.2.3. Argentina Metal Recycling Market Size and Forecast, by End-User (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Metal Recycling Market Size and Forecast, by Metal Type (2023-2030) 9.4.3.2. Rest Of South America Metal Recycling Market Size and Forecast, by Scrap Type (2023-2030) 9.4.3.3. Rest Of South America Metal Recycling Market Size and Forecast, by End-User (2023-2030) 10. Company Profile: Key Players 10.1. ArcelorMittal 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Nucor Corporation 10.3. Commercial Metals Company 10.4. SIMS Metal Management Limited 10.5. Aurubis AG 10.6. European Metal Recycling Limited 10.7. Tata Steel 10.8. Dowa Holdings Co., Ltd. 10.9. OmniSource Corporation 10.10. Schnitzer Steel Industries, Inc. 10.11. Baosteel Co. Ltd. 10.12. REMONDIS SE & Co. KG 10.13. Novelis Aluminum 10.14. Norton Aluminum Ltd 10.15. Kuusakoski 10.16. REAL ALLOY 10.17. Tom Martin & Co Ltd. 10.18. TMS International 10.19. PSC Metals 10.20. Mervis Industries 10.21. Upstate Metal Recycling 10.22. Cozzi Recycling 11. Key Findings & Analyst Recommendations 12. Metal Recycling Market: Research Methodology 12.1.1. Top-Down Approach 12.1.2. Bottom-up Approach