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

By Metal;

Non-Ferrous Metals, Ferrous Metals and Precious Metals.

By Application;

Building , Construction, Transport, Industrial Machinery, Electrical, Electronics and Defense.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn592819187 Published Date: January, 2025 Updated Date: February, 2025

Introduction

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

In the year 2024, the Global Recycled Metal Market was valued at USD 75,100.32 million. The size of this market is expected to increase to USD 125,408.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

The Global Recycled Metal Market represents a critical segment within the broader metal industry, driven by the growing emphasis on sustainability and resource conservation. Recycled metals, including steel, aluminum, copper, and others, are sourced from discarded products, industrial scrap, and end-of-life materials, undergoing processes like melting and purification to regain their raw material properties. This market plays a pivotal role in reducing the environmental impact of metal extraction and processing, offering significant energy savings and mitigating greenhouse gas emissions associated with primary metal production.

With increasing concerns over environmental degradation and climate change, there has been a notable surge in demand for recycled metals across various industrial sectors. This demand is further bolstered by stringent regulatory frameworks aimed at promoting recycling practices and reducing reliance on virgin resources. As companies strive to meet sustainability targets and consumer preferences shift towards eco-friendly products, the global recycled metal market is poised for substantial growth. However, challenges such as fluctuating scrap metal prices, technological limitations in recycling processes, and competition from primary metal production pose significant hurdles to market expansion. Despite these challenges, the market presents lucrative opportunities for innovative recycling technologies, strategic partnerships, and advancements in material recovery methods to drive efficiency and sustainability in the metal industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Metal
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Recycled Metal Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing environmental awareness

        2. Increasing government regulations on waste management

        3. Rising demand for sustainable materials

      2. Restraints
        1. High initial investment costs

        2. Limited availability of raw materials

        3. Lack of efficient recycling infrastructure

      3. Opportunities
        1. Technological advancements in recycling processes

        2. Expansion into emerging markets

        3. Collaborations and partnerships within the industry

    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 Recycled Metal Market, By Metal, 2021 - 2031 (USD Million)
      1. Non-Ferrous Metals
      2. Ferrous Metals
      3. Precious Metals
    2. Global Recycled Metal Market, By Application, 2021 - 2031 (USD Million)
      1. Building
      2. Construction
      3. Transport
      4. Industrial Machinery
      5. Electrical
      6. Electronics
      7. Defense
    3. Global Smart Cooling Systems 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. Steel Dynamics Inc.
      2. Sims Metal Management Limited
      3. Triple M Metal LP.
      4. Armco Metal Holdings Inc.
      5. Asahi Group Holdings Ltd
      6. Aurubis
      7. Kuusakoski
      8. Hensel Recycling Group
      9. Befeso
      10. Schnitzer Steel Industries Inc
      11. Hawkeswood
  7. Analyst Views
  8. Future Outlook of the Market