Analysts at GMI Research estimates that the Metal Recycling Market is forecast to growing at CAGR of 5.8% from 2022-2029.

To have an edge over the competition by knowing the market dynamics and current trends of “Metal Recycling Market,” request for Sample Report here

Key Drivers

Increasing adoption of metal recycling process by producers to obtain raw materials required for the production of finished goods is the key driver propelling the global metal recycling market growth. The recycling process is comparatively cheaper than the original production of metal which has inclined producers to use recycling process, contributing to the market growth. Also, with the growing emphasis on conserving natural resources and minimizing greenhouse emissions, government has enforced strict norms to encourage the recycling of waste materials, driving the market size. Besides, augmenting metal demand due to its use in the production of beverage containers, automotive and mechanical components and the growing awareness about the problems associated with metal scrapping will propel the metal recycling market size.

However, high cost of metal recycling equipment like granulating, extruders, and briquetting machines has inhibited their adoption across small and medium-sized enterprises, hindering the metal recycling market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type Segment Analysis

Ferrous Metals are predicted to hold a larger share during the forecast period, owing to their magnificent properties which include strength, durability, and malleability. The use of ferrous scrap in steel and iron industry reduces carbon dioxide emissions, which is contributing to the segment’s growth.

End-Use Industry Segment Analysis

Building & Construction end-use industry is forecast to hold a larger share over the forecast period owing to the rising demand for aluminum and steel. Expansion in the construction industry owing to the rapid urbanization and rising disposable income has stimulated the demand for construction metal products. Moreover, with the growing environmental concern, the need to decrease harmful impact of mining metals has emerged, thus, encouraging the deployment of recycled metals in the building & construction sector. Further, the growing use of metal in automotive industry in components like fuel tanks, mufflers, and doors will offer lucrative growth opportunities for the metal recycling market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Regional Analysis

Asia-Pacific is estimated to hold the largest share during the forecast period, due to surging metal demand primarily from China and India. Factors including economic upliftment, growing awareness about the need for waste management and expansion in the building & construction industry will strengthen the market growth. North America is projected to witness a faster CAGR over the coming years, owing to the strict regulatory norms enforced against exploitation of metal reserves. For example, in North America, nearly 42% crude oil is produced using recycling metal.

Top Market Players

Various notable players operating in the market include Nucor Corporation, ArcelorMittal, Sims Metal Management Limited, CMC, DOWA HOLDINGS Co., Ltd., Aurubis AG, Baosteel Group, Tata Steel, TOTALL Metal Recycling, Inc., and European Metal Recycling, among others.

Key Developments:

• • In January 2022, Nucor Corporation decides to develop its new state of the art sheet mil in Mason with an intent to expand its presence in Midwest and Northeast regions.
  • In February 2021, Steel Dynamics Inc took over three metals recycling sites in South Texas near its prime scrap-generating manufacturing area to support their scrap needs. This acquisition helped to improve the product portfolio of the company.
  • In October 2020, ArcelorMittal entered collaberated with Triple M to establish Integrated Metal Recycling Inc. to offer support, services and choices for consumers and suppliers.
  • In 2019, ArcelorMittal acquired Legault Metal Inc., which is a metal recycling firm in Quebec. This acquisition helped company to strengthen its value chain and expand the footprint in Abitibi.
  • In 2019, Aurubis AG acquired Belgian-Spanish Metallo Group to continue the process of actively pursuing its multi-metal and recycling strategy. Through this acquisition, the company strengthened its multi-metal portfolio majorly in the key metals such as copper, zinc, nickel, lead, and tin.
  • In 2019, ArcelorMittal announced the acquisition of Legault Metal Inc., which is a metal recycling company in Quebec. Through this acquisition, the company planned to strengthen its value chain and extend the footprint to Abitibi.

Segments covered in the Report:

The global metal recycling market has been segmented on the basis of type, scrap type, equipment, end-use sector, and region. Based on the type, the market is segmented into ferrous metals and non-ferrous. Based on the scrap type, the market is segmented into new scrap and old scrap. Based on the equipment, the market is segmented into shearing, shredder, briquetting machines, and granulation. Based on the end-use sector, the market is segmented into automotive, building & construction, shipbuilding, equipment manufacturing, consumer appliances, packaging, and others.

For detailed scope of the “Metal Recycling Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global metal recycling market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global metal recycling market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global metal recycling market?
  • Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
  • What are the various end-use sectors of metal recycling, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD Million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Scrap Type, By Equipment, By End-Use Sector, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	SUEZ, Veolia, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Clean Harbors, Inc., Stericycle, Covanta Holding Corporation, Waste Connections, Biffa, and REMONDIS SE & Co. KG, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Metal Recycling Market by Type

• • Ferrous Metals
  • Non-Ferrous

Global Metal Recycling Market by Scrap Type

• • New Scrap
  • Old Scrap

Global Metal Recycling Market by Equipment

• • Shearing
  • Shredder
  • Briquetting Machines
  • Granulation

Global Metal Recycling Market by End-Use Sector

• • Automotive
  • Building & Construction
  • Shipbuilding
  • Equipment Manufacturing
  • Consumer Appliances
  • Packaging
  • Others

Global Metal Recycling Market by Region

• • North America Metal Recycling Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Scrap Type
    • By Equipment
    • By End-Use Sector
    • US Market All-Up
    • Canada Market All-Up
  • Europe Metal Recycling Market (Option 2: As a part of the free 25% Customization)
    • By Type
    • By Scrap Type
    • By Equipment
    • By End-Use Sector
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Metal Recycling Market (Option 3: As a part of the free 25% Customization)
    • By Type
    • By Scrap Type
    • By Equipment
    • By End-Use Sector
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Metal Recycling Market (Option 4: As a part of the free 25% Customization)
    • By Type
    • By Scrap Type
    • By Equipment
    • By End-Use Sector
    • Brazil Market All-Up
    • South Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Metal Recycling Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nucor Corporation
  • ArcelorMittal
  • Sims Metal Management Limited
  • CMC
  • DOWA HOLDINGS Co., Ltd.
  • Aurubis AG
  • Baosteel Group
  • Tata Steel
  • TOTALL Metal Recycling, Inc.
  • European Metal Recycling