Press release
Metal Recycling Market to Reach USD 962.24 Billion by 2032 - Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers historical and projected market size through 2032, detailed segmentation by equipment type, metal type, and end-use industries, and strategic insights tailored for stakeholders evaluating growth opportunities and competitive dynamics.
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Market Statistics
• Market size (2024): USD 553.80 billion
• Forecast value (2032): USD 962.24 billion
• CAGR (2025-2032): 6.9%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4 (Equipment Type, Metal Type, End-Use Type, and Region)
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Metal Recycling Market, by Equipment Type
• Shredder
• Shearing Machine
• Granulation Machine
• Briquetting Machine
Metal Recycling Market, by End-Use Type
• Building & Construction
• Automotive
• Equipment Manufacturing
• Shipbuilding
• Packaging
• Consumer Appliances
• Others
Metal Recycling Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
For equipment type, while all segments contribute to processing capacity, the Shredder segment is the fastest-growing, as shredders efficiently break down and improve material throughput and recovery rates, making them indispensable in modern recycling operations and boosting investments in high-capacity shredding equipment.
By end-use industry, the Automotive segment is forecasted to grow at the highest rate, as the global vehicle fleet expands and end-of-life vehicle (ELV) regulations encourage reuse of automotive metals, which supports sustainable production practices.
Regional Insights
Asia-Pacific is both the dominant and fastest-growing region, propelled by rapid industrialization, urban expansion, and infrastructure development in economies such as China and India. Supportive government policies and rising environmental awareness further enhance regional metal recycling adoption.
Market Drivers
• Stringent environmental regulations encourage use of recycled metals to reduce waste and emissions.
• Cost advantages of recycled metals over primary raw materials attract manufacturing sectors.
• Expansion of infrastructure and construction sectors elevates demand for recycled metal inputs.
• Automotive industry adoption of ELV recycling standards drives metal recovery.
Top Companies in the Market
• Schnitzer Steel Industries, Inc.
• Novelis
• Tata Steel
• European Metal Recycling
• CMC
• GFG Alliance
• Norsk Hydro ASA
• Sims Metal
• Utah Metal Works
FAQs
1. What is the current size of the metal recycling market?
The metal recycling market was valued at USD 553.80 billion in 2024, reflecting substantial volumes of recycled metals across industrial sectors.
2. How fast is the metal recycling market expected to grow through 2032?
The market is forecast to grow at a CAGR of 6.9% from 2025 to 2032, driven by urbanization and sustainable manufacturing practices.
3. Which equipment type grows fastest in the metal recycling market?
Shredder equipment is the fastest-growing segment, due to its critical role in efficient size reduction and material recovery.
4. What end-use industry segment is expected to expand most rapidly?
The Automotive segment is projected to grow fastest, supported by increasing ELV recycling and sustainability mandates.
5. What is a major constraint for the metal recycling market?
Fragmented and inefficient waste collection networks in developing regions hinder consistent material supply and recycling efficiency.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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