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.
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Market Statistics
• Market size: USD 553.80 billion (2024)
• Forecast value: USD 962.24 billion (2032)
• CAGR: 6.9%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Metal Recycling Market, by Type
• Shredder
• Shearing Machine
• Granulation Machine
• Briquetting Machine
Metal Recycling Market, by Mount Type
• Old Waste Metal
• New Waste Metal
Metal Recycling Market, by Metal Type
• Ferrous Metals
• Non-Ferrous Metals
Metal Recycling Market, by Mount Type
• Building & Construction
• Automotive
• Equipment Manufacturing
• Shipbuilding
• Packaging
• Consumer Appliances
• Others
Metal Recycling Market, by Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Segment Analysis
By equipment type, the shredder segment is expected to be the fastest-growing segment during the forecast period due to its critical role in breaking down bulky recycled metal materials into manageable sizes and improving material recovery efficiency. Increasing demand for efficient processing technologies and automation in recycling facilities is supporting the growth of this segment, encouraging recycling companies to invest in advanced shredding solutions to improve operational productivity.
By end-use industry, the automotive segment is projected to be the fastest-growing segment due to the increasing global vehicle fleet and the implementation of end-of-life vehicle regulations. Automotive manufacturers are increasingly using recycled metals to reduce production costs and meet sustainability targets, which is expected to create long-term supply opportunities for recycling companies serving the automotive value chain.
Regional Insights
Asia-Pacific is expected to be both the dominant and the fastest-growing region in the metal recycling market due to rapid industrialization, urbanization, and infrastructure development in major economies. The region's expanding construction and automotive sectors are generating significant volumes of recoverable metal materials while supportive government policies and investments in recycling technologies are further strengthening market growth, making the region an attractive destination for capacity expansion strategies.
Market Drivers
• Rapid urbanization and industrialization increasing metal waste generation and recycled metal demand
• Stringent environmental regulations encouraging recycling to reduce emissions
• Growing infrastructure development increasing consumption of recycled metals
• Increasing adoption of circular economy practices by major manufacturing companies
• Sustainability commitments by automotive and construction companies driving recycled metal usage
Competitive Landscape
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. How big is the metal recycling market opportunity through 2032 for recycling companies?
The market is expected to reach USD 962.24 billion by 2032, growing at a CAGR of 6.9%, indicating steady long-term demand from manufacturing and infrastructure sectors.
2. Which end-use industries are creating the strongest demand for recycled metals?
The automotive industry is expected to see strong growth due to rising vehicle production and sustainability requirements encouraging recycled metal usage.
3. Which region should metal recycling companies focus on for expansion?
Asia-Pacific is expected to remain the dominant and fastest-growing region due to strong industrial growth and infrastructure development.
4. What factors are driving demand for recycled metals in industrial supply chains?
Key factors include sustainability targets, regulatory compliance, cost advantages over virgin metals, and increasing availability of recovered metals.
5. Who are the major companies operating in the global metal recycling market?
Key players include Schnitzer Steel Industries, Inc., Novelis, Tata Steel, European Metal Recycling, CMC, GFG Alliance, Norsk Hydro ASA, Sims Metal, and Utah Metal Works.
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