Global Precious Metal Recycling Market Growth 2025-2031

Global Precious Metal Recycling Market Growth 2025-2031

The global Precious Metal Recycling market size is predicted to grow from US$ 79110 million in 2025 to US$ 114050 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.

Precious Metal Recycling refers to the process of recovering valuable metals like gold, silver, platinum, palladium, and rhodium from products that have reached the end of their life cycle. These metals are typically found in electronics, jewelry, automotive catalysts, and industrial equipment. The recycling process involves collecting, sorting, refining, and processing these materials to extract and purify the precious metals, which can then be reused in new products.

Major global precious metal recycling companies include Heraeus, Umicore, Tanaka, Asahi Holdings and Dowa Holdings. The United States is the largest recycling market, followed by Europe and China.

As environmental concerns rise, there's increasing pressure on industries to reduce mining activities and focus on recycling. Governments worldwide are enforcing stricter regulations on waste management, promoting the recycling of precious metals to minimize environmental impact.

Precious metals have high economic value, making recycling an attractive option for industries looking to reduce costs. The market prices for metals like gold and platinum remain strong, driving demand for recycled materials.

Improved recycling technologies have made the extraction of precious metals more efficient and cost-effective, increasing the overall supply of recycled metals.

The electronics industry, particularly in the production of smartphones, laptops, and other consumer devices, is a major consumer of precious metals. Additionally, the automotive industry uses precious metals in catalytic converters and electric vehicle components, further driving the need for recycled materials.

Europe and North America have mature recycling industries due to strong environmental regulations and well-established infrastructure. In contrast, Asia-Pacific, particularly China and India, is rapidly expanding its recycling capabilities, driven by industrial growth and increasing awareness of sustainability.

LP Information, Inc. (LPI) ' newest research report, the “Precious Metal Recycling Industry Forecast” looks at past sales and reviews total world Precious Metal Recycling sales in 2024, providing a comprehensive analysis by region and market sector of projected Precious Metal Recycling sales for 2025 through 2031. With Precious Metal Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precious Metal Recycling industry.

This Insight Report provides a comprehensive analysis of the global Precious Metal Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Precious Metal Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Precious Metal Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precious Metal Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Precious Metal Recycling.

This report presents a comprehensive overview, market shares, and growth opportunities of Precious Metal Recycling market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Silver (Ag)
Gold (Au)
Platinum Group Metals

Segmentation by Application:
Jewelry
Catalyst
Electronics
Battery
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Umicore
PX Group
Materion
Sims Lifecycle Services
Johnson Matthey
Abington Reldan Metals
Tanaka
Dowa Holdings
Heraeus
Sino-Platinum Metals
Asahi Holdings

Key Questions Addressed in this Report

What is the 10-year outlook for the global Precious Metal Recycling market?

What factors are driving Precious Metal Recycling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Precious Metal Recycling market opportunities vary by end market size?

How does Precious Metal Recycling break out by Type, by Application?