Global Metal Recycling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Ferrous Metals and Non-Ferrous.

By Scrap Type;

Old Scrap and New Scrap.

By Equipment;

Shredder, Shearing, Granulation, and Briquetting Machines.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn836523714 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Metal Recycling Market (USD Million), 2021 - 2031

In the year 2024, the Global Metal Recycling Market was valued at USD 75,048.00 million. The size of this market is expected to increase to USD 125,321.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

The Global Metal Recycling Market is a rapidly growing sector that plays a crucial role in promoting sustainability and resource conservation across various industries. Metal recycling involves the collection, processing, and reuse of scrap metals, including ferrous metals such as iron and steel, as well as non-ferrous metals such as aluminum, copper, zinc, and others. This market is driven by the increasing demand for sustainable practices and the need to reduce the environmental impact of mining and metal production.

The market has been segmented by metal type, which includes ferrous and non-ferrous metals, by scrap source, such as construction and demolition waste, industrial scrap, and automotive scrap, and by end-use industry, including building and construction, automotive, electronics, and packaging, among others. Geographically, the market is distributed across five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

The growing awareness of environmental sustainability and the economic benefits of recycling are key drivers for the global metal recycling market. Governments worldwide are implementing strict regulations and policies to promote recycling and reduce carbon emissions, further fueling market growth. Additionally, technological advancements in recycling processes and the development of efficient collection and sorting systems are creating new opportunities in the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Scrap Type
    3. Market Snapshot, By Equipment
    4. Market Snapshot, By Region
  4. Global Metal Recycling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for recycled metals due to environmental concerns
        2. Growth in automotive and construction industries
        3. Rising awareness of resource conservation and sustainability
        4. Stringent regulations promoting recycling and waste reduction
        5. Growing global population and urbanization trends
      2. Restraints
        1. Increasing demand for recycled metals due to environmental concerns
        2. Growth in automotive and construction industries
        3. Rising awareness of resource conservation and sustainability
        4. Stringent regulations promoting recycling and waste reduction
        5. Growing global population and urbanization trends
      3. Opportunities
        1. Development of new applications for recycled metals
        2. Collaborations between industry and government for recycling initiatives
        3. Use of big data and analytics to optimize recycling operations
        4. Innovations in sorting and separation technologies
        5. Increasing demand for sustainable packaging solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Metal Recycling Market, By Type, 2021 - 2031 (USD Million)
      1. Ferrous Metals
      2. Non-Ferrous
    2. Global Metal Recycling Market, By Scrap Type, 2021 - 2031 (USD Million)
      1. Old Scrap
      2. New Scrap
    3. Global Metal Recycling Market, By Equipment, 2021 - 2031 (USD Million)
      1. Shredder
      2. Shearing
      3. Granulation
      4. Briquetting Machines
    4. Global Metal Recycling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nucor Corporation
      2. ArcelorMittal
      3. Sims Metal Management Ltd.
      4. Commercial Metals Company
      5. Schnitzer Steel Industries, Inc.
      6. Kuusakoski Group Oy
      7. European Metal Recycling Ltd.
      8. Aurubis AG
      9. Novelis Inc.
      10. American Iron & Metal Co.
      11. Omnisource Corporation
      12. Tata Steel Ltd.
      13. Ferrous Processing & Trading Co.
      14. Dowa Holdings Co., Ltd.
      15. HKS Metals BV
      16. ELG Haniel GmbH
      17. Scrap Metal Services LLC
      18. David J. Joseph Company
      19. SA Recycling LLC
      20. Upstate Shredding – Weitsman Recycling
  7. Analyst Views
  8. Future Outlook of the Market