Global Non-ferrous Metal Recycling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Non-ferrous Metal Recycling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Non-ferrous metals refer to metals that do not contain iron as their principal alloying element. Non-ferrous metals, which are basically more expensive than steel and iron, are extensively used because of their desirable properties, for instance, the high strength-to-weight ratio of aluminum, the high conductivity and malleability of copper, and the high resistance to corrosion of nickel and zinc. Non-ferrous metals including lead, nickel, zinc, aluminum, and copper have the ability to be recycled over and over without losing their chemical or physical properties.

Market Overview:

The latest research study on the global Non-ferrous Metal Recycling market finds that the global Non-ferrous Metal Recycling market reached a value of USD 257164.0 million in 2022. It’s expected that the market will achieve USD 52577.0 million by 2028, exhibiting a CAGR of -23.25% during the forecast period.

Increased awareness of environmental protection, a broad market for Non-ferrous Metal Recycling

Non-ferrous Metal Recycling has outstanding advantages in reducing carbon emissions. Primary metals consume a lot of energy from mining, transportation to smelting and refining ores, mainly because non-ferrous metal ore resources mostly exist in the form of compounds, which require multiple processes to be smelted into metal elements. While Non-ferrous Metal Recycling comes from scrap metal, the energy consumption required for the recycling process will drop a lot. Europe, the United States, China and other countries have successively promulgated relevant policies to reduce carbon dioxide emissions. Non-ferrous Metal Recycling has advantages in this regard. Therefore, the increasingly stringent environmental awareness has also promoted the growth of the Non-ferrous Metal Recycling industry. It is expected that the Non-ferrous Metal Recycling industry will maintain rapid growth and high prosperity for a long period of time.

Technological Breakthrough Promotes the Development of Non-ferrous Metal Recycling Industry

Traditional waste disposal methods such as incineration and landfill have major disadvantages. For example, the landfill method is easy to cause secondary pollution of the land, and the investment and operation cost of the incineration method is relatively high. Compared with incineration, landfill and other methods, the recycling of non-ferrous metals improves the efficiency of resource utilization while protecting and improving the environment, and achieves a win-win situation of economic, social and environmental benefits. In the future, Non-ferrous Metal Recycling will become an advocated disposal method for the value of metal waste.

Region Overview:

In 2022, the share of the Non-ferrous Metal Recycling market in China stood at 40.76%.

Company Overview:

Heraeus is one of the major players operating in the Non-ferrous Metal Recycling market, holding a share of 11.61% in 2023.

HERAEUS operates as a technology company. The Company focuses on precious and special metals, medical technology, quartz glass, sensors, and light sources. HERAEUS HOLDING serves steel, electronics, chemicals, automotive, and telecommunications industries.

Johnson Matthey is a speciality chemicals and sustainable technologies provider. It offers catalysts and related technologies for automotive, pharmaceuticals and chemical processing. It also undertakes the marketing, distribution, fabrication, refining and recycling of precious metals and their products. It also develops and manufactures active pharmaceutical ingredients. The company provides battery materials for automotive applications; battery systems for a range of applications and fuel cell technologies. It serves environmental, automotive, chemical, medical, recycling, oil and gas and other industries.

Segmentation Overview:

By type, Precious Metal segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Catalyst Regeneration segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Non-ferrous Metal Recycling market covered in Chapter 3:

Shunbo
PX Group
Johnson Matthey
Hensel Recycling
Umicore
Sims Limited
BASF
AMG Vanadium
Heraeus
Reldan
Novelis
Sinopec
Aurubis
Dowa Holdings
Materion

In Chapter 4 and Chapter 14.2, on the basis of types, the Non-ferrous Metal Recycling market from 2018 to 2029 is primarily split into:

Aluminum
Copper
Tungsten
Molybdenum
Lead
Zinc
Nickel
Titanium
Cobalt
Precious Metal
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Non-ferrous Metal Recycling market from 2018 to 2029 covers:

Catalyst Regeneration
Aerospace
Electronics
Consumer Appliances
Battery
Packaging
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)