The global metal recycling market size was $217.0 billion in 2020 and is expected to reach $368.7 billion by 2030, registering a CAGR of 5.2% from 2021 to 2030.
Metal recycling refers to reprocessing of metal waste into new metal products to reduce greenhouse gas emission levels, preserve natural resources, and manage energy consumption. The governments in developed regions such as Canada, U.S., and UK and others have taken measures to promote metal recycling industry with good waste collection system, separation and sorting processes. For instance, the government of Canada has been working with the provinces, territories and industries to promote the re-use and recycling of metal products. This is projected to enhance not only the Canadian’s recycling industry but also its metal industry.
A rise in urbanization, and industrialization, and increased consumption of commodities along with depletion of natural resources and re-utilizing these resources has created immense scope, which drive the growth of the global metal recycling market. Market players such as Nucor Corporation, Aurubis AG, and others are engaged in acquisition, and product launch as a key developmental strategy to improve the product portfolio of metal recycling products. For instance, in May 2019, Aurubis AG acquired Belgian-Spanish Metallo Group, deals in metal recycling services. The acquisition aimed to improve the product portfolio of metal recycling services.
Major players such as ArcelorMittal, Aurubis AG, Commercial Metal Company, and others are adopting business expansion as the key developmental strategy to improve the product portfolio.
However, unorganized flow of waste metals and availability of less scrap collections zones are anticipated to hamper the growth of the market. Conversely, increase in construction of buildings owing to increase in disposal of building waste into the landfills is anticipated to provide lucrative opportunities for the growth of the global metal recycling market.
The metal recycling market is segmented on the basis of metal type, scrap type, end user, and region. By scrap type, the market is bifurcated into old scrap, and new scrap. The old scrap segment generated the highest revenue in 2020. By metal type, the market is fragmented into ferrous and non-ferrous metals. The ferrous segment dominated the market in 2020. By end user, the market is categorized into building & construction, packaging, automotive, shipbuilding, electronics & electrical equipment and others. The automotive segment generated the highest revenue during the forecast period. However, electronics contain heavy and high valued metals, such as lead, copper, gold, and aluminum and its recycling ensures natural resources conversation. Therefore, electronics and electrical equipment industry is the fastest growing sector during the forecast period.
Region-wise, the market analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific region generated the highest revenue in 2020.
Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global metal recycling market. For instance, in February 2020, Commercial Metal Company acquired AZZ's continuous Galvanized Rebar business in Tulsa. It aims in improving the company's existing concrete reinforcement capabilities and improve the product portfolio of the company.
Metal recycling refers to reprocessing of metal waste into new metal products to reduce greenhouse gas emission levels, preserve natural resources, and manage energy consumption. The governments in developed regions such as Canada, U.S., and UK and others have taken measures to promote metal recycling industry with good waste collection system, separation and sorting processes. For instance, the government of Canada has been working with the provinces, territories and industries to promote the re-use and recycling of metal products. This is projected to enhance not only the Canadian’s recycling industry but also its metal industry.
A rise in urbanization, and industrialization, and increased consumption of commodities along with depletion of natural resources and re-utilizing these resources has created immense scope, which drive the growth of the global metal recycling market. Market players such as Nucor Corporation, Aurubis AG, and others are engaged in acquisition, and product launch as a key developmental strategy to improve the product portfolio of metal recycling products. For instance, in May 2019, Aurubis AG acquired Belgian-Spanish Metallo Group, deals in metal recycling services. The acquisition aimed to improve the product portfolio of metal recycling services.
Major players such as ArcelorMittal, Aurubis AG, Commercial Metal Company, and others are adopting business expansion as the key developmental strategy to improve the product portfolio.
However, unorganized flow of waste metals and availability of less scrap collections zones are anticipated to hamper the growth of the market. Conversely, increase in construction of buildings owing to increase in disposal of building waste into the landfills is anticipated to provide lucrative opportunities for the growth of the global metal recycling market.
The metal recycling market is segmented on the basis of metal type, scrap type, end user, and region. By scrap type, the market is bifurcated into old scrap, and new scrap. The old scrap segment generated the highest revenue in 2020. By metal type, the market is fragmented into ferrous and non-ferrous metals. The ferrous segment dominated the market in 2020. By end user, the market is categorized into building & construction, packaging, automotive, shipbuilding, electronics & electrical equipment and others. The automotive segment generated the highest revenue during the forecast period. However, electronics contain heavy and high valued metals, such as lead, copper, gold, and aluminum and its recycling ensures natural resources conversation. Therefore, electronics and electrical equipment industry is the fastest growing sector during the forecast period.
Region-wise, the market analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific region generated the highest revenue in 2020.
COMPETITION ANALYSIS
The key players profiled in the metal recycling market include ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, and Schnitzer Steel Industries Inc.Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global metal recycling market. For instance, in February 2020, Commercial Metal Company acquired AZZ's continuous Galvanized Rebar business in Tulsa. It aims in improving the company's existing concrete reinforcement capabilities and improve the product portfolio of the company.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global metal recycling market trends and dynamics
- In-depth market analysis is conducted by global metal recycling market estimations for the key market segments between 2020 and 2030
- Extensive analysis of the global metal recycling market is conducted by following key product positioning and monitoring of the top competitors within the market framework
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities
- The global metal recycling market forecast analysis from 2021 to 2030 is included in the report
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global metal recycling market
GLOBAL METAL RECYCLING MARKET SEGMENTS
By METAL TYPE
- Ferrous Metal
- Non-Ferrous Metal
By Scrap Type
- Old Scrap
- New Scrap
By End User
- Building & Construction
- Packaging
- Automotive
- Industrial Machinery
- Electronics & Electrical Equipment
- Shipbuilding
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- ArcelorMittal
- Nucor Corporation
- Commercial Metals Company
- SIMS Metal Management Limited
- Aurubis AG
- European Metal Recycling Limited
- Tata Steel
- Dowa Holdings Co, Ltd
- OmniSource Corporation
- Schnitzer Steel Industries, Inc
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Table of Contents
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Metal Recycling Market, by Equipment Type
Chapter 5 Metal Recycling Market, by Metal Type
Chapter 6 Metal Recycling Market, by End-user
Chapter 7 Metal Recycling Market by Geography
Chapter 8 Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Metal Recycling Market by Metal Type, Scrap Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”The global metal recycling market size was $217.0 billion in 2020 and is expected to reach $368.7 billion by 2030, registering a CAGR of 5.2% from 2021 to 2030. In 2020, Asia-Pacific region dominated the global metal recycling market accounting for 45.5% share of the market. Metal recycling refers to reprocessing of metal waste into ferrous and non-ferrous metals to reduce greenhouse gas emission levels, to preserve natural resources, and manage energy consumption.
Metal recycling reduces future scarcity of high-value resources, generates economic value, minimizes greenhouse gas emission levels, and limits other environmental damage. Therefore, various government initiatives have also been undertaken for creating a conducive environment for recycling metal waste. For instance, in Japan under home appliances recycling law, the consumers of appliances such as refrigerators, air conditioners, and washing machines should dispose them to retailers or scrap traders for further recycling. In terms of scrap metal, the market is classified into ferrous metal and non-ferrous metal. Some of the sources of scrap include automobiles, railroad tracks, ships, household appliances, and consumer electronics. However, ferrous metal is the fastest growing segment and is anticipated to grow at a CAGR of 7.4% by 2030. According to European Aluminum Foil Association (EAFA), the recycling rate of aluminum closures in Europe has increased to more than 50% owing to the collection and recycling schemes.
COVID-19 has already affected the sales of global metal recycling market in 2020, and is expected to hamper the growth of the global metal recycling market. The major demand for metal recycling was badly affected due to the spread of COVID-19 virus. Further, the disruption of supply chains hinders the growth of the metal recycling market.
However, unorganized flow of waste metals and presence of less scrap collection zones are anticipated to hamper the growth of the market. Conversely, increase in construction of buildings owing to increase in the disposal of building waste into the landfills is anticipated to provide lucrative opportunities for the growth of the global metal recycling market.
Several manufacturers in the global metal recycling market stopped their business activities due to lockdown implemented in developed and developing countries in 2020, owing to ban on construction activities. This halt in production activities impacted the revenue of the metal recycling manufacturing companies. For instance, net sales of ArcelorMittal dropped by 24.6% from January 2020 to December 2020. In addition, lack of man power and raw materials affected the supply chain of the global metal recycling market. However, the market is projected to recover from COVID-19 situation by the first quarter of 2021, due to the reduced restrictions and reopening of the global metal recycling industry. Moreover, in 2021 with the availability of vaccine against COVID-19, the global metal recycling market is expected to gradually witness growth.
The metal recycling market is segmented on the basis of metal type, scrap type, end user, and region. By scrap type, the market is bifurcated into old scrap, and new scrap. The old scrap segment generated the highest revenue in 2020. By metal type, the market is fragmented into ferrous and non-ferrous metals. The ferrous segment dominated the market in 2020. By end user, the market is categorized into building & construction, packaging, automotive, shipbuilding, electronics & electrical equipment and others. The automotive segment was the highest revenue contributor owing to increased demolition rate. However, electronics contain heavy and high valued metals, such as lead, copper, gold, and aluminum and its recycling ensures natural resources conversation. Therefore, electronics and electrical equipment industry is the fastest growing sector during the forecast period.
Region-wise, the market analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific region generated the highest revenue in 2020.
The key players profiled in the global metal recycling market include ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, and Schnitzer Steel Industries Inc.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging global metal recycling market trends and dynamics
- By metal type, the ferrous segment dominated the market, in terms of revenue in 2020
- By end user, the automotive segment is projected to register the highest growth rate in the coming years
- The report provides an extensive analysis of the trends and emerging opportunities of the market
Companies Mentioned
- ArcelorMittal
- Nucor Corporation
- Commercial Metals Company
- SIMS Metal Management Limited
- Aurubis AG
- European Metal Recycling Limited
- Tata Steel
- Dowa Holdings Co., Ltd.
- OmniSource Corporation
- Schnitzer Steel Industries Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 222.08 billion |
| Forecasted Market Value ( USD | $ 368.7 billion |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
