North America, Europe, and APAC Scrap Metal Recycling Market Analysis 2021-2031

The North America, Europe, and APAC scrap metal recycling market is anticipated to grow with a CAGR of 7.1% over the forecast period, i.e., 2021 - 2031. Factors such as the growing stringent norms to reduce environmental pollution, along with the rising awareness for solid waste management (SWM), and the surge in awareness programs for sustainable waste management practices are expected to boost the market growth in the coming years. Besides this, factors such as the increasing consumption of scrap metal amongst business is also anticipated to add in the market growth during the forecast period. The market is estimated to garner a revenue of more than USD 790 Billion by the end of 2031, up from a revenue of USD about 400 Billion in the year 2021.

The North America, Europe, and APAC scrap metal recycling market is segmented by numerous segments which include segmentation by type, scrap type, instrument, industries, and by region. By instrument, the market is segmented into shredder & balers, shearing, granulation, and briquetting machine. By the end of 2031, the shredder & balers segment is anticipated to garner the largest revenue of near to USD 330 Billion, up from a revenue of about USD 170 Billion in the year 2021.

On the basis of regional analysis, the North America, Europe, and APAC scrap metal recycling market is segmented into North America, Europe, and the Asia Pacific. The market in the Asia Pacific, out of the market in all the other regions, is anticipated to garner the largest revenue of approximately USD 320 Billion by the end of 2031, up from a revenue of around USD 170 Billon in the year 2021.

Some of the prominent industry leaders in the North America, Europe, and APAC scrap metal recycling market that are included in our report are Metallon Recycling Pte Ltd., Sims Limited, ARJES GmbH, SSI Shredding Systems, Inc., DELITEK AS, Kuusakoski Oy, Nucor Corporation, OmniSource, LLC, Falcon Metals, L.P., Kimmel Scrap Iron & Metal Co, Inc., American Iron & Metal (AIM), Aurubis AG, DBW Metals Recycling, Hanwa Co., Ltd., KYOEI STEEL Ltd., Yoshikawa Kogyo Co., Ltd., OSAKA Titanium Technologies Co., Ltd., NIKKEI MC ALUMINIUM CO., LTD., and others.