Nonferrous Metal Recycling in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

No Use: Companies Struggle Amid Competition, Poor Operating Conditions and Weakened Demand

The Nonferrous Metal Recycling industry revenue has faltered due to poor operating conditions and weakening demand from several key markets. However, industry revenue is primarily a function of nonferrous metal prices, which experienced significant volatility over the past five years due to the cyclical nature of metal prices on world markets. So, industry-wide revenue has decreased at a CAGR of 0.2% to $23.3 billion over the five years to 2023, including an estimated 6.8% decrease in 2023 alone, when profit is projected to decrease to 4.3%.

This industry recovers copper, aluminum, lead and other nonferrous metals from scrap and then manufactures primary forms (e.g. bar, billet, bloom, cake, ingot, slab, slug and wire) from the recovered metals through secondary smelting and refining processes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.