Global Non-Ferrous Metal Recycling Market Projected to Grow at 5% CAGR, Reaching $287.72 Billion by 2029

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What Will the Non-Ferrous Metal Recycling Industry Market Size Be by 2025?
In the past few years, the non-ferrous metal recycling market has seen robust growth. The market, which stood at $224.85 billion in 2024, is projected to rise to $236.92 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the historical period include heightened awareness for the environment, an uplifted demand from the construction industry, industrial growth in developing countries, expansion of urban mining procedures, and improved efficiency in metal recovery.

What's the Long-Term Growth Forecast for the Non-Ferrous Metal Recycling Market Size Through 2029?
The market size for the recycling of non-ferrous metals is predicted to see considerable expansion in the coming years. The projections estimate that it will escalate to $287.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.0%. Several factors contributing to this growth in the anticipated period include increased demand for eco-friendly raw materials, enhanced governmental backing for recycling programs, a surge in the use of non-ferrous metals in the manufacturing of electric vehicles, the broadening of circular economy models and an escalating emphasis on reducing carbon emissions. Key trends during the forecast period encompass improvements in automatic sorting technology, breakthroughs in metal purification techniques, advances in secondary smelting procedures, ongoing R&D to enhance recycling efficiency, and innovative digital systems for tracking recycling processes.

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What Are the Key Growth Drivers Fueling the Non-Ferrous Metal Recycling Market Expansion?
The escalating need for eco-friendly methods is projected to boost the non-ferrous metal recycling market's growth. Eco-friendly methods mean balancing economic development, safeguarding the environment, and promoting societal well-being to ensure responsible resource utilization and future preservation. The call for such practices is expanding due to stricter regulations and policies from the government that insist on compliance and endorse responsible resource management. Recycling non-ferrous metals enhances these methods by preserving natural resources and minimizing energy use, a key aspect of green manufacturing and waste management. It reduces environmental damage by decreasing emissions and waste in landfills, thus aiding in the creation of a circular economy. For example, a PDI Technologies survey in April 2024 involving over 1,200 US consumers revealed that 80% of them are interested in purchasing sustainable products. This shows an increase from 66% in 2022 and 68% in 2023. Consequently, the rising demand for sustainable practices is fueling the non-ferrous metal recycling market's expansion.

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What Are the Key Trends Driving Non-Ferrous Metal Recycling Market Growth?
Prominent corporations present in the non-ferrous metal recycling sector are directing their efforts towards the creation of unique, recycled metal products. This strategy aims to not only bolster the credibility of these products, but also align with regulatory mandates and cater to eco-friendly customers. Recycled metal consists of metal extracted from discarded products, scr*apyards, or industrial waste which is thereafter reprocessed for reuse in manufacturing. Ferrous metals like iron and steel, and non-ferrous metals such as aluminum, copper, and brass are included in this. In January 2024, for example, Mitsubishi Materials Corporation, a cement production company based in Japan, introduced REMINE, a brand of recycled metal that provides specification and certification of recycled content in non-ferrous metal products, including refined tin and lead. This measure promotes transparency, traceability, and sustainability through the adherence to certified environmental labeling and the application of cutting-edge recycling technologies.

How Is the Non-Ferrous Metal Recycling Market Segmented?
The non-ferrous metal recycling market covered in this report is segmented -

1) By Recycling Process Type: Mechanical Recycling, Pyrometallurgical Recycling, Hydrometallurgical Recycling, Biotechnology-Based Recycling
2) By Type Of Non-Ferrous Metal: Copper, Aluminum, Lead, Zinc, Nickel, Graphite, Precious Metals
3) By Source Of Sc*rap Material: Industrial Scr*ap, End-Of-Life Vehicles, Construction And Demolition Debris, Consumer Electronics, Household Appliances
4) By End-Use Industry: Automotive, Building And Construction, Electrical And Electronics, Industrial Machinery, Other End Users

Subsegments:
1) By Mechanical Recycling, Shredding, Sorting, Baling, Dismantling
2) By Pyrometallurgical Recycling, Smelting, Refining, Incineration, Thermal Treatment
3) By Hydrometallurgical Recycling, Leaching, Solvent Extraction, Precipitation, Electro-Winning
4) By Biotechnology-Based Recycling, Bioleaching, Biosorption, Bioprecipitation, Enzymatic Treatment

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Which Companies Are Leading the Charge in Non-Ferrous Metal Recycling Market Innovation?
Major Companies operating in the non-ferrous metal recycling market are Aurubis Aktiengesellschaft, Gerdau North America Corporation, Novelis Inc., Dowa Holdings Co. Ltd., Sims Limited, Chiho Environmental Group Limited, OmniSource Corporation, Alter Trading Corporation, SA Recycling Limited Liability Company, Triple M Metal LP, Harmony Enterprises Inc., MS Enterprises, STEINERT GmbH, Quest Resource Management Group LLC, Jansen Recycling Group B.V., Jain Metal Group, ASM Recycling Inc., Aruhya Enterprises, Stena Metall Aktiebolag, GLE Scr*ap Metal Inc.

Which Regions Are Leading the Global Non-Ferrous Metal Recycling Market in Revenue?
Asia-Pacific was the largest region in the non-ferrous metal recycling market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the non-ferrous metal recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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