Key Trend Reshaping the Recycled Metal Market in 2025: Forging Sustainable Alliances Novelis Inc. Partners With Sortera Alloys And Daimler India Collaborates With Cero - Mahindra MSTC Recycling In The Recycled Metals Market

"How Are the key drivers contributing to the expansion of the recycled metal market?
The expansion in the construction industry is predicted to stimulate the growth of the recycled metal market. The industry of construction includes commerce and manufacturing that deal with the construction, upkeep, repair of structures as well as drilling and mineral exploration. Due to rapid urbanization and industrialization, the number of construction projects have escalated. These projects demand an extensive need for recycled metals as they are cost-effective and environmentally friendly. For instance, the Office for National Statistics, a government agency in the UK, reported in November 2023 that there was an elevation in new construction ventures amounting to £18,161 million ($19.96 million) in 2022, experiencing a growth of 16.8% in private sector projects and an escalation of 13.1% in public sector projects. Consequently, the upsurge in construction projects will serve as a catalyst for the recycled metal market's growth.

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What growth opportunities are expected to drive the recycled metal market's CAGR through 2034?
The market size for recycled metal has witnessed a consistent increase over recent years. The market's exponential growth will see it expand from $71.97 billion in 2024 to $75.47 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.9%. Factors such as material specifications, changing consumer trends, market acceptance, infrastructure advancements, availability of sand demand from end-use industries have contributed to the growth during the historical period.

Expectations are high for robust growth in the recycled metal market over the next few years, with a predicted increase to $99.13 billion by 2029, as it expands at a compound annual growth rate (CAGR) of 7.1%. Factors such as green manufacturing principles, enhanced supply chain transparency, funding towards waste management, anxiety over resource scarcity, and corporate pledges towards sustainability all contribute to this forecasted growth. Notable trends within the same horizon include the promotion of a circular economy, governmental regulations, worries over resource scarcity, embrace of green construction norms, and economic feasibility.

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What are the emerging trends shaping the future of the recycled metal market?
The recycled metals market is being molded by pivotal alliances and synergies. Predominant enterprises in the recycled metal sector are turning to collaborations to capitalize on mutual resources and branch out into fresh markets. For instance, Novelis Inc., a recycling firm based in the USA, teamed up with Sortera Alloys Inc. in July 2022. The objective of this alliance is to continually increase the usage of recycled materials in Novelis's automotive alloys, subsequently reducing their carbon emissions. Sortera Alloys Inc. is an American firm that specializes in recycling industrial smetal. Furthermore, in February 2022, Daimler India Commercial Vehicles Pvt. Ltd., a company that manufactures and sells commercial vehicles in India, formed a partnership with Cero - Mahindra MSTC Recycling Pvt. Ltd. (MMRPL), headquartered in India. This partnership facilitated clients to substitute their obsolete fleets with completely new BSVI BharatBenz vehicles made domestically, comprising advanced technology and high-quality safety, comfort, and manufacturing. Cero - Mahindra MSTC Recycling Pvt. Ltd. (MMRPL) is an automotive and steel recycling facility based in India.

Which growth-oriented segments of the recycled metal market are leading the industry's development?
The recycled metal market covered in this report is segmented -

1) By Product: Steel, Aluminum, Copper, Other Products
2) By Metal: Ferrous, Non-Ferrous, Precious Metals
3) By End-User: Construction, Transport And Automotive, Industrial Machinery, Electronics, Defense, Packaging, Military, Consumer Goods, Other End-Users

Subsegments:
1) By Steel: Recycled Steel Ss, Electric Arc Furnace (EAF) Steel
2) By Aluminum: Aluminum Cans, Aluminum Extrusions, Aluminum Alloys
3) By Copper: Copper Wire, Copper Tubing, Copper Sheet
4) By Other Products: Zinc, Lead, Nickel, Specialty Alloys

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What regions are leading the charge in the recycled metal market?
Asia-Pacific was the largest region in the recycled metal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the recycled metal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the recycled metal market?
Major companies operating in the recycled metal market are ArcelorMittal S.A., Nucor Corporation, Commercial Metals Company, Sims Metal Management Limited, Aurubis AG, Novelis Inc., ELG Haniel Group, Kuusakoski Group Oy, Tata Steel Ltd., Steel Dynamics Inc., Norsk Hydro ASA, GFG Alliances, China Baowu Group, HKS Metals B.V., AMG Resources Corporation, European Metal Recycling, Schnitzer Steel Industries Inc., OmniSource Corporation, Alter Trading Corporation, Ferrous Processing & Trading Co., Metal Management Inc., Tube City IMS LLC, SA Recycling LLC, Upstate Shredding LLC, PSC Metals Inc., American Iron & Metal Company, Southern Recycling LLC, Gerdau S.A., Dowa Holdings Co. Ltd., Liberty Steel Group, Sims Limited

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What Is Covered In The Recycled Metal Global Market Report?

• Market Size Forecast: Examine the recycled metal market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the recycled metal market for a structured understanding.
• Key Players Overview: Analyze major players in the recycled metal market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the recycled metal market.
• Segment Contributions: Evaluate how different segments drive overall growth in the recycled metal market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the recycled metal market.
• Industry Challenges: Identify potential risks and obstacles affecting the recycled metal market.
• Competitive Landscape: Review strategic developments in the recycled metal market, including expansions, agreements, and new product launches.

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