Metal Recycling Market to Reach USD 848.9 Billion by 2035, Driven by Circular Economy and Sustainability Goals

According to the MarketGenics report, the metal recycling market is anticipated to grow from USD 490.1 Billion in 2024 to USD 848.9 Billion in 2035 at a CAGR of 5.6% during the forecast period. The metals recycling market is growing quickly due to increased awareness of sustainability, energy savings and raw material shortages. Reclaimed metal is found in everything from cars and buildings to electronics and refrigerators, including recycled steel, aluminum, and copper.

In 2025, with the introduction and use of smart technologies including AI-powered sorting, robotics and blockchain tracking, recycling players in Asia, Europe and the U.S. were more efficient at recovered metal processing and traceability. During this time, top automakers and electronics manufacturers secured long-term agreements with material recyclers to obtain low-carbon recycled metals for sustainable manufacturing.

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Key Operators, Limitations, and Prospects for Growth Impacting the Metal Recycling Market

Major market participants include Commercial Metals Company (CMC), Gerdau S.A., ArcelorMittal, Sims Limited, and Nucor Corporation. These companies operate advanced recovered metal processing facilities across multiple regions and maintain strong relationships with construction, automotive, and industrial manufacturing sectors. Many of these leading players have invested in smart recycling solutions such as automated sorting and AI inspection.

Despite increasing demand, challenges persist in the metals recycling market, including contamination of recovered metal streams (lowering processing quality) and volatility in metal prices, which affects profitability. Additionally, limited recycling infrastructure in developing regions slows metal reclamation and processing efficiency.

Some facilities still rely on outdated manual methods, which yield lower recovery rates and expose workers to hazardous conditions, hindering scalability and safe operations in recycled metal recovery.

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Regional Analysis of the Metal Recycling Market

The Asia-Pacific region leads globally, driven by large-scale industrial manufacturing in China, India, and Japan, resulting in high volumes of metal residues collected from automotive production, construction, and electronics manufacturing. Many APAC nations are actively investing in smart recycling technologies.

Europe's strong environmental regulations and circular economy policies drive companies toward higher use of reprocessed metals in manufacturing and infrastructure. Germany, the UK, and Scandinavia are leaders in metal recovery efficiency.

In North America, particularly the U.S., recycling facilities are adopting automation and AI-based systems as industries increasingly utilize recycled metals in green building projects, renewable infrastructure, and electric vehicle production.

Latin America and Africa are experiencing slower yet steady growth, supported by government-led sustainability initiatives and increased urbanization.

Key Players

AIM Recycling, ArcelorMittal, Aurubis AG, Commercial Metals Company (CMC), Dowa Holdings Co., Ltd., European Metal Recycling (EMR), Gerdau S.A., Kuusakoski Group Oy, Metallon Recycling Pte Ltd, Novelis Inc., Nucor Corporation, OmniSource Corporation, Radius Recycling, Inc., SA Recycling LLC, Schnitzer Steel Industries, Inc., Sims Limited, Tata Steel Limited, TKC Metal Recycling Inc., Tradebe, Upstate Shredding - Weitsman Recycling, and others.

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Recent Development and Strategic Overview

In April 2025, Commercial Metals Company (CMC) launched a fully automated Urban Metal Recovery Center in Dallas, Texas. The facility uses AI-driven robotic arms and sensor-based sorting to identify and separate ferrous and non-ferrous reclaimed metals with 30% higher accuracy, reducing labor requirements and improving usable material yield from mixed construction waste.

In February 2025, Gerdau S.A. partnered with a Brazilian technology startup to track the recovered metal supply chain using blockchain. The system records each stage of recycled steel - from collection to furnace - enhancing transparency and supporting sustainable sourcing certifications.

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Key Trend: AI and Automation Enhancing Efficiency in Metal Recycling

Artificial intelligence (AI), robotics, and automation are transforming recovered metal sorting and processing. Smart sensors, machine vision, and automated classification systems enable precise identification of metals such as aluminum, copper, steel, and rare earth metals. These technologies improve material purity, recovery rates, and overall operational efficiency.

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