Metal Recycling Market Company Profiles, Trends, and Growth Outlook to 2024-2031 | Gerdau S/A, Nucor, ArcelorMittal, Aurubis AG, Dowa Holdings

Metal Recycling Market reached US$ 54.5 billion in 2022 and is expected to reach US$ 92.2 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031.

The Metal Recycling Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Market Overview :

Rising environmental and sustainability concerns are expected to be major drivers of growth in the global metal recycling market during the forecast period. To reduce dependence on primary metal extraction and mitigate supply chain volatility, industries are increasingly turning to recycled metals.

In developing countries, manufacturing sectors are projected to boost their use of recycled metal components to cut production costs and stay competitive amid rising labor costs and weakening global demand. For instance, the Indian automotive industry could lower production expenses by up to 30% through increased recycling of metal components.

Evolving Market Forces and Opportunities:

Surge in Lithium-Ion Battery Production Driving Lithium Demand and Recycling Initiatives

The production of lithium-ion batteries has risen sharply in response to growing demand from two major sectors: consumer electronics and electric vehicles (EVs). In 2022 alone, global smartphone shipments reached 1.2 billion units, while EV production continued its rapid post-pandemic acceleration. As lithium-ion batteries are the primary power source for both, demand for lithium is surging.

Although global lithium mine output has quadrupled over the past decade, it is projected that production will need to increase sixfold by 2030 to meet escalating global requirements. This has prompted a strong push toward lithium recycling as a complementary solution to mining.

To address this, companies are forming strategic partnerships to develop lithium recovery infrastructure. For example, in July 2023, UK-based recycling firm Altilium partnered with Japan's Marubeni Corporation to establish a new facility in Devon, UK. The plant is designed to recover and recycle valuable metals-including lithium, nickel, and cobalt-from used lithium-ion batteries, helping to create a more sustainable battery supply chain.

List of the Key Players in the Metal Recycling Market: Gerdau S/A, Nucor, Commercial Metals Company, Steel Dynamics, Schnitzer Steel Industries, Inc., River Metals Recycling, ArcelorMittal, Aurubis AG, Dowa Holdings Co. Ltd and Novelis Inc.

Research Methodology:

Both primary and secondary data sources have been used in the global Metal Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Metal Recycling Market:

By Metal (Ferrous Metals, Non-Ferrous Metals)

By Mode of Recycling (Shearing, Shredding, Baling, Torching, Crushing)

By End User (Automotive, Aerospace, Electrical and Electronic Equipment, Shipbuilding, Construction and Construction, Industrial Machinery and Products, Packaging Industry, Others)

By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa)

Recent Developments

In June 2023, the metal recycling industry association of South Africa released a statement stating that the government's decision to ban metal waste exports to curb copper thefts has led to the formation of cartels, which is bound to have a detrimental impact on the South African metal recycling industry.

In July 2023, GSMA, the global body of telecom operators announced plans to expand mobile phone tackback schemes by 2030. All phones collected through tack-back schemes will have their metals and other materials recycled for reuse.

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Regional Analysis for Metal Recycling Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Metal Recycling Market Research Industry:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Metal Recycling market?

➠ Who are the top manufacturers in the global Metal Recycling industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?

➠ What key opportunities are available for vendors in the Metal Recycling market, and what challenges are they likely to encounter?

➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?

➠ What are the major drivers and barriers influencing the growth trajectory of the Metal Recycling market?

➠ What are the primary sales, marketing, and distribution strategies used across the global Metal Recycling industry landscape?

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