Metal Recycling Market
Global Metal Recycling Market Size, Share and Trends Analysis Report, By Metal Type (Ferrous and Non-Ferrous), By Scrap Type (Old Scrap and New Scrap), By End-Use (Construction, Automotive, Shipbuilding, Equipment Manufacturing, Consumer Appliances, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global metal recycling market is anticipated to grow at a significant CAGR of 5.5% during the forecast period. Metal recycling refers to the processing of waste metal into new metal that supports preserving natural resources and protecting the environment. The rising demand for metal among end-user industries and rising urbanization are some factors pushing the growth of the market. In automotive manufacturing, steel is the metal of choice, owing to its low cost, high strength to weight, energy absorption in impact accidents, superior formability, and recyclability. To make a steel alloy stronger, steel is mixed with small volumes of other metals, including vanadium, chromium, tungsten, and manganese. Aluminum is regarded as environmentally friendly. Energy efficiency is an environmental-friendly benefit of aluminum, as the lightweight of aluminum bodies decreases the amount of fuel needed to accelerate vehicles. In addition, the metal is versatile and highly recyclable without sacrificing the vehicle's performance. Therefore, the rising adoption of metal among end-user industries and the high recyclability of metals is driving the growth of the market. Further, metal recycling is natural conserving and economic friendly and supports bringing down the carbon emission.
Segmental Outlook
The global metal recycling market is segmented based on the metal type, scrap type, and end-use. Based on the metal type, the market is segmented into ferrous and non-ferrous. Based on the scrap type, the market is segmented into old scrap and new scrap. Based on end-use, the market is segmented into construction, automotive, shipbuilding, equipment manufacturing, consumer appliances, and others.
Ferrous Segment Holds Significant Share in the Global Metal Recycling Market
Based on type, the ferrous segment is anticipated to hold a significant share in the market. According to the US Environmental Protection Agency, by weight, ferrous metals (iron and steel) are the largest category of metals in municipal solid. This scrap comes from end-life products and scrap generated through manufacturing processes. There is a large demand for metals, especially iron and steel in manufacturing, construction and other related industries. Further, less energy is needed to produce a metal from recycling as compared to producing metals from their respective ore. The process of recycling is more economic and environmentally friendly. This, in turn, is resulting in the potential recycling of ferrous metals.
Regional Outlook
The global metal recycling market is segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa and Latin America). In 2021, Asia-Pacific held a potential share in the market. According to International Monetary Fund (IMF) regional economic outlook report, Asia-Pacific region is the fastest growing region in the world. A key driver for the rapid pace of expansion in the APAC region is expected to be a buoyant pace of economic growth in China and India. The composite Purchasing Managers’ Index (PMI) is an indicator of economic health for the manufacturing and service sectors. Expansion in manufacturing industries led the countries from Asia-Pacific to occupy significant position in PMI Index in 2021. Further, the automobiles & auto parts sector, household and personal use products and machinery, metals and mining and chemicals and construction sector have been witnessing growth, which in turn, is boosting the demand for metal and thus propelling the growth of the market in the region.
Global Metal Recycling Market Growth, by Region 2022-2028
Market Players Outlook
The major companies operating in the global metal recycling market include Aurubis AG, Dowa Holdings Co., Ltd, Nucor Corp., ArcelorMittal S.A., and Tata Steel Ltd. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market.
Recent Strategic Initiatives
• In June 2022 Kuusakoski, a company active in metal recycling, partnered with Gränges, the aluminum producer. The partnership has resulted in efficiency improvements at both ends and increased the overall recycling rate of aluminum products.
• In May 2022, Wieland acquired Totall Metal Recycling, based in Granite City, IL, US. Totall is a recycling industry leader in North America that processes a wide range of metal scraps and other recyclables. The integration of Totall Metal Recycling’s team of skilled professionals and partner network widens the recycling capabilities of Wieland and accelerates the execution of its sustainability and recycling strategy, especially in terms of material processing capabilities. This acquisition will further support Wieland to step ahead toward red metal recycling leadership in North America.
• In March 2022, ArcelorMittal acquired Scottish recycling business John Lawrie Metals Ltd. This acquisition is a part of the ArcelorMittal strategy to increase the use of scrap steel to reduce the CO2 emissions from steelmaking.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global metal recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Metal Recycling Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Aurubis AG
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Dowa Holdings Co., Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Nucor Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. ArcelorMittal S.A.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Tata Steel Ltd.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Metal Recycling Market by Metal Type
4.1.1. Ferrous
4.1.2. Non-Ferrous
4.2. Global Metal Recycling Market by Scrap Type
4.2.1. Old Scrap
4.2.2. New Scrap
4.3. Global Metal Recycling Market by End-Use
4.3.1. Building and Construction
4.3.2. Automotive
4.3.3. Ship Building
4.3.4. Equipment Manufacturing
4.3.5. Consumer Appliances
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Baosteel Group Corp.
6.2. Commercial Metals Company (CMC)
6.3. European Metal Recycling Ltd.
6.4. Kimmel Scrap Iron & Metal Co., Inc.
6.5. Metallon Recycling Pte Ltd
6.6. Novelis Inc.
6.7. OmniSource, LLC
6.8. Remondis Se & Co. KG
6.9. Schnitzer Steel Industries, Inc.
6.10. Sims Metal Management Ltd.
6.11. Tom Martin & Co. Ltd.
6.12. Wieland Recycling GmbH
1. GLOBAL METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
2. GLOBAL FERROUS METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NON-FERROUS METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY SCRAP TYPE, 2021-2028 ($ MILLION)
5. GLOBAL OLD SCRAP METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL NEW SCRAP METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
8. GLOBAL METAL RECYCLING MARKET FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL METAL RECYCLING MARKET FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL METAL RECYCLING MARKET FOR SHIPBUILDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL METAL RECYCLING FOR EQUIPMENT MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL METAL RECYCLING FOR CONSUMER APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL METAL RECYCLING FOR OTHER END-USE INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY SCRAP TYPE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
19. EUROPEAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY SCRAP TYPE, 2021-2028 ($ MILLION)
22. EUROPEAN METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY SCRAP TYPE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY SCRAP TYPE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD METAL RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
1. GLOBAL METAL RECYCLING MARKET SHARE BY METAL TYPE, 2021 VS 2028 (%)
2. GLOBAL FERROUS METAL RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL NON-FERROUS METAL RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL METAL RECYCLING MARKET SHARE BY SCRAP TYPE, 2021 VS 2028 (%)
5. GLOBAL OLD SCRAP METAL RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL NEW SCRAP METAL RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL METAL RECYCLING MARKET SHARE BY END-USE, 2021 VS 2028 (%)
8. GLOBAL METAL RECYCLING FOR CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL METAL RECYCLING FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL METAL RECYCLING FOR SHIPBUILDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL METAL RECYCLING FOR EQUIPMENT MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL METAL RECYCLING FOR CONSUMER APPLIANCES MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL METAL RECYCLING FOR OTHER END-USE INDUSTRIES MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL METAL RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. US METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
17. UK METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD METAL RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
