Global Non-ferrous Scrap Recycling Market Size study, by Sector (Construction, Automotive, Consumer Goods, Industrial Goods), By Metal (Aluminum, Copper, Lead) and Regional Forecasts 2022-2028

Global Non-ferrous Scrap Recycling Market Size study, by Sector (Construction, Automotive, Consumer Goods, Industrial Goods), By Metal (Aluminum, Copper, Lead) and Regional Forecasts 2022-2028

Global Non-ferrous Scrap Recycling Market is valued approximately USD 261.39 million in 2021 and is anticipated to grow with a healthy growth rate of more than 2.80% over the forecast period 2022-2028. The rising demand for nonferrous scrap in secondary production and end-use industries is expected to drive market expansion over the forecast period. Manufacturers have increased their output of gadgets, autos, and other items in response to rising customer demand. Furthermore, rising industrialization throughout the world has increased demand for nonferrous scrap. As a result, greater focus is placed on its collection and recycling. For example, European Aluminum issued its ""Circular Aluminum Action Plan,"" which intends to realize aluminum's full potential for a circular economy by 2030. Aluminum recycling provides several industrial and environmental prospects in Europe. According to the Circular Aluminum Action Plan, if the proper regulatory framework is in place, post-consumer recycling can supply 50.0 percent of Europe's aluminium needs. The high recycling rate of aluminium in Europe, which is more than 90.0 percent in the automotive and building industries and more than 75.0 percent in beverage cans, is a positive component of the successful strategy. Sims Metal Management Inc., a worldwide recycling conglomerate, paid $88 million bought a block of land in Brisbane's portside suburb of Pinkenba in May 2022 to secure one of the few remaining places with deep water access. The business intends to build a non-ferrous and ferrous metals processing and resource renewal plant. The paucity of earth metals, as well as the expensive cost of mining them, are driving the scrap recycling industry to meet the expanding demand for non-ferrous metals. The growing car and construction industries in developing nations like India and China are driving up demand for nonferrous metals. As a result, the non-ferrous scrap recycling sector is expected to benefit greatly from these nations. For example, in September 2018, Hindalco Industries announced a USD 480 million investment in the establishment of recycling factories in Gujarat, India. The aluminium recycling factory will have a processing capacity of around 300 kilotons per year. However, the increase in complexity of goods it makes recycling more difficult stifles market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global Non-ferrous Scrap Recycling Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was controlled by Asia Pacific. In terms of recycling, India is expected to have substantial growth in the Asia Pacific region throughout the projection period. The country creates a substantial amount of nonferrous metal scrap; yet, due to a highly unregulated market and a lack of knowledge, a large share ends up in landfills rather than recycling facilities. Europe has the market's second-largest revenue share. The region's rise is due to technical breakthroughs in scrap production and processing. Erdwich-Zerkleinerungs-Systeme GmbH, for example, designed a facility for separating non-ferrous metals from heavy and light materials in April 2020, with the goal of obtaining 100% recovery of valuable elements.

Major market player included in this report are:
Sims Metal Management Inc.
OmniSource Corp.
TSR Recycling GmbH & Co. KG
Aurubis
Kuusakoski
Hindalco Industries Ltd.
Matalco Inc.
SA Recycling LLC
Haibao Machinery Technology Co., Ltd.
Wiscon Environmental Technology Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Sector:
Construction
Automotive
Consumer goods
Industrial goods

By Metal:
Aluminum
Copper
Lead
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Non-ferrous Scrap Recycling Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Sims Metal Management Inc.
OmniSource Corp.
TSR Recycling GmbH & Co. KG
Aurubis
Kuusakoski
Hindalco Industries Ltd.
Matalco Inc.
SA Recycling LLC
Haibao Machinery Technology Co., Ltd.
Wiscon Environmental Technology Inc.

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