Global Scrap Metal Recycling Market 2023-2027

Global Scrap Metal Recycling Market 2023-2027

Technavio has been monitoring the scrap metal recycling market and it is poised to grow by 340.73 million t during 2023-2027, accelerating at a CAGR of 8.15% during the forecast period. Our report on the scrap metal recycling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in prices of raw materials, rise in role of metal recycling in key end-user industries, and rising concern about impact of mining on environment.

Technavio's scrap metal recycling market is segmented as below:

By Type

  • Ferrous metals
  • Non-ferrous metals
By Application
  • Construction
  • Automotive
  • Consumer goods
  • Industrial goods
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the innovations in the purification of scrap metal as one of the prime reasons driving the scrap metal recycling market growth during the next few years. Also, the concentration of the steel industry and the recycling of precious metals from smartphones will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the scrap metal recycling market covers the following areas:
  • Scrap metal recycling market sizing
  • Scrap metal recycling market forecast
  • Scrap metal recycling market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading scrap metal recycling market vendors that include Advance Hydrau-Tech Pvt. Ltd., American Iron and Metal Co. Inc., ArcelorMittal SA, Aurubis AG, Cherry City Metals, Commercial Metals Co., DOWA HOLDINGS Co. Ltd., ENF Ltd., Gerdau SA, Goldstein Group, Midwest Industrial Metals, Nucor Corp., Pacific Steel and Recycling, REMONDIS SE and Co. KG, Schnitzer Steel Industries Inc., Sims Ltd., Steel Dynamics Inc., Tata Sons Pvt. Ltd., and Texas Disposal Systems. Also, the scrap metal recycling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Market Segmentation by Application
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Global - Market size and forecast 2022-2027 (million t)
      • Table Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market- Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global metal recycling market 2017 - 2021
      • Table Historic Market Size - Data Table on Global metal recycling market 2017 - 2021 (million t)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size - Geography Segment 2017 - 2021 (million t)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size - Type Segment 2017 - 2021 (million t)
    • Application Segment Analysis 2017 - 2021
      • Table Historic Market Size - Application Segment 2017 - 2021 (million t)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size - Country Segment 2017 - 2021 (million t)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Ferrous metals - Market size and forecast 2022-2027
      • Table Chart on Ferrous metals - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Ferrous metals - Market size and forecast 2022-2027 (million t)
      • Table Chart on Ferrous metals - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Ferrous metals - Year-over-year growth 2022-2027 (%)
    • Non-ferrous metals - Market size and forecast 2022-2027
      • Table Chart on Non-ferrous metals - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Non-ferrous metals - Market size and forecast 2022-2027 (million t)
      • Table Chart on Non-ferrous metals - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Non-ferrous metals - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type (million t)
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2022-2027 (%)
      • Table Data Table on Application - Market share 2022-2027 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Construction - Market size and forecast 2022-2027
      • Table Chart on Construction - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Construction - Market size and forecast 2022-2027 (million t)
      • Table Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • Automotive - Market size and forecast 2022-2027
      • Table Chart on Automotive - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Automotive - Market size and forecast 2022-2027 (million t)
      • Table Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • Consumer goods - Market size and forecast 2022-2027
      • Table Chart on Consumer goods - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Consumer goods - Market size and forecast 2022-2027 (million t)
      • Table Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
    • Industrial goods - Market size and forecast 2022-2027
      • Table Chart on Industrial goods - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Industrial goods - Market size and forecast 2022-2027 (million t)
      • Table Chart on Industrial goods - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Industrial goods - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application (million t)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 (million t)
      • Table Data Table on APAC - Market size and forecast 2022-2027 (million t)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Europe - Market size and forecast 2022-2027 (million t)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 (million t)
      • Table Data Table on North America - Market size and forecast 2022-2027 (million t)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 (million t)
      • Table Data Table on South America - Market size and forecast 2022-2027 (million t)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 (million t)
      • Table Data Table on US - Market size and forecast 2022-2027 (million t)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 (million t)
      • Table Data Table on China - Market size and forecast 2022-2027 (million t)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Germany - Market size and forecast 2022-2027 (million t)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Japan - Market size and forecast 2022-2027 (million t)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 (million t)
      • Table Data Table on India - Market size and forecast 2022-2027 (million t)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • Canada - Market size and forecast 2022-2027
      • Table Chart on Canada - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Canada - Market size and forecast 2022-2027 (million t)
      • Table Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography (million t)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increase in prices of raw materials
      • Rise in role of metal recycling in key end-user industries
      • Rising concern about impact of mining on environment
    • Market challenges
      • Increase in tariffs for steel imports
      • Low recycling rates for scrap metal
      • Impact of regulations on key markets
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Innovations in purification of scrap metal
      • Concentration of the steel industry
      • Recycling of precious metals from smartphones
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • American Iron and Metal Co. Inc.
      • Table American Iron and Metal Co. Inc. - Overview
      • Table American Iron and Metal Co. Inc. - Product / Service
      • Table American Iron and Metal Co. Inc. - Key offerings
    • ArcelorMittal SA
      • Table ArcelorMittal SA - Overview
      • Table ArcelorMittal SA - Business segments
      • Table ArcelorMittal SA - Key news
      • Table ArcelorMittal SA - Key offerings
      • Table ArcelorMittal SA - Segment focus
    • Aurubis AG
      • Table Aurubis AG - Overview
      • Table Aurubis AG - Business segments
      • Table Aurubis AG - Key offerings
      • Table Aurubis AG - Segment focus
    • Cherry City Metals
      • Table Cherry City Metals - Overview
      • Table Cherry City Metals - Product / Service
      • Table Cherry City Metals - Key offerings
    • Commercial Metals Co.
      • Table Commercial Metals Co. - Overview
      • Table Commercial Metals Co. - Business segments
      • Table Commercial Metals Co. - Key offerings
      • Table Commercial Metals Co. - Segment focus
    • ENF Ltd.
      • Table ENF Ltd. - Overview
      • Table ENF Ltd. - Product / Service
      • Table ENF Ltd. - Key offerings
    • Gerdau SA
      • Table Gerdau SA - Overview
      • Table Gerdau SA - Business segments
      • Table Gerdau SA - Key offerings
      • Table Gerdau SA - Segment focus
    • Goldstein Group
      • Table Goldstein Group - Overview
      • Table Goldstein Group - Product / Service
      • Table Goldstein Group - Key offerings
    • Midwest Industrial Metals
      • Table Midwest Industrial Metals - Overview
      • Table Midwest Industrial Metals - Product / Service
      • Table Midwest Industrial Metals - Key offerings
    • Nucor Corp.
      • Table Nucor Corp. - Overview
      • Table Nucor Corp. - Business segments
      • Table Nucor Corp. - Key news
      • Table Nucor Corp. - Key offerings
      • Table Nucor Corp. - Segment focus
    • Pacific Steel and Recycling
      • Table Pacific Steel and Recycling - Overview
      • Table Pacific Steel and Recycling - Product / Service
      • Table Pacific Steel and Recycling - Key offerings
    • Schnitzer Steel Industries Inc.
      • Table Schnitzer Steel Industries Inc. - Overview
      • Table Schnitzer Steel Industries Inc. - Business segments
      • Table Schnitzer Steel Industries Inc. - Key offerings
      • Table Schnitzer Steel Industries Inc. - Segment focus
    • Sims Ltd.
      • Table Sims Ltd. - Overview
      • Table Sims Ltd. - Business segments
      • Table Sims Ltd. - Key offerings
      • Table Sims Ltd. - Segment focus
    • Steel Dynamics Inc.
      • Table Steel Dynamics Inc. - Overview
      • Table Steel Dynamics Inc. - Business segments
      • Table Steel Dynamics Inc. - Key offerings
      • Table Steel Dynamics Inc. - Segment focus
    • Tata Sons Pvt. Ltd.
      • Table Tata Sons Pvt. Ltd. - Overview
      • Table Tata Sons Pvt. Ltd. - Business segments
      • Table Tata Sons Pvt. Ltd. - Key offerings
      • Table Tata Sons Pvt. Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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