Global Metal Recycling Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Metal Recycling Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Metal Recycling market size was valued at USD 301340 million in 2023 and is forecast to a readjusted size of USD 381970 million by 2030 with a CAGR of 3.4% during review period.

Scrap metals collected from various sources are raw materials used in metal recycling. Scrap metals are separated and processed several times to yield recycled metals.

Metal recycling is the process of collecting, processing, and reusing or remanufacturing metal materials from various sources, such as discarded products, industrial waste, and construction materials. Recycling metals helps conserve natural resources, reduce energy consumption, and minimize environmental impacts associated with mining and metal production. Here are key aspects of metal recycling:



**1. Collection:** Metal recycling begins with the collection of scrap metal from various sources. Common sources of scrap metal include old appliances, automobiles, construction materials, industrial equipment, and consumer products. Scrap metal can also be generated during manufacturing processes as excess or defective material.



**2. Sorting and Separation:** After collection, the scrap metal is sorted and separated into different categories based on the type of metal. Commonly recycled metals include steel, aluminum, copper, brass, and various alloys. Separation is typically done using magnets, eddy current separators, and other techniques.



**3. Processing and Shredding:** Once sorted, the scrap metal is processed and prepared for recycling. This may involve shredding the metal into smaller pieces to facilitate melting and processing in the recycling facility.



**4. Melting and Purification:** The shredded metal is then melted in a furnace to remove impurities and contaminants. During the melting process, any coatings or paint on the metal are burned off, leaving behind pure metal.



**5. Alloying:** In the case of certain metals like aluminum, alloying elements may be added to achieve specific properties. Recycling facilities can adjust the alloy composition as needed to meet the desired specifications for various applications.



**6. Casting and Forming:** The molten metal is cast into ingots, billets, or other forms for further processing. These forms are then used to manufacture new products.



**7. Manufacturing:** The recycled metal is used as raw material in various industries to produce new products. Recycled steel, for example, can be used to make new cars, appliances, and construction materials. Recycled aluminum can be used for beverage cans, aircraft parts, and more.



**8. Environmental Benefits:** Metal recycling offers several environmental benefits. It reduces the need for mining and the associated environmental impacts, including habitat disruption and water pollution. It also conserves energy since recycling metal typically requires less energy than producing metal from raw materials. Recycling also helps reduce greenhouse gas emissions.



**9. Economic Benefits:** Metal recycling is not only environmentally friendly but also economically viable. It creates jobs in the collection, processing, and manufacturing sectors of the recycling industry. Additionally, recycling metals can be more cost-effective than mining and refining new metals.



**10. Conservation of Resources:** Recycling metals helps conserve finite natural resources. For example, recycling one ton of steel saves approximately 2,500 pounds of iron ore, 1,400 pounds of coal, and 120 pounds of limestone.



Overall, metal recycling is a sustainable practice that plays a vital role in reducing waste, conserving resources, and mitigating environmental impacts. It is an essential component of the circular economy, where materials are continuously reused and recycled to minimize waste and promote sustainability.

The Global Info Research report includes an overview of the development of the Metal Recycling industry chain, the market status of Automotive (Silver (Ag), Gold (Au)), Building and construction (Silver (Ag), Gold (Au)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Metal Recycling.

Regionally, the report analyzes the Metal Recycling markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Metal Recycling market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Metal Recycling market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Metal Recycling industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Silver (Ag), Gold (Au)).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Metal Recycling market.

Regional Analysis: The report involves examining the Metal Recycling market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Metal Recycling market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Metal Recycling:

Company Analysis: Report covers individual Metal Recycling players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Metal Recycling This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Automotive, Building and construction).

Technology Analysis: Report covers specific technologies relevant to Metal Recycling. It assesses the current state, advancements, and potential future developments in Metal Recycling areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Metal Recycling market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Metal Recycling market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Silver (Ag)
Gold (Au)
Platinum Group Metals

Market segment by Application
Automotive
Building and construction
Ship building
Equipment manufacturing
Packaging
Consumer appliances

Market segment by players, this report covers
Nucor Corporation
Commercial Metals
Aurubis
Arcelormittal
MIS Metal Management
European Metal Recycling
Tata Steel
BaoWusteel Group
Remondis
Rethmann
Der Grüne Punkt

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Metal Recycling product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Metal Recycling, with revenue, gross margin and global market share of Metal Recycling from 2019 to 2024.

Chapter 3, the Metal Recycling competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Metal Recycling market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Metal Recycling.

Chapter 13, to describe Metal Recycling research findings and conclusion.