Recycled Metal Market Size, Share | Industry Trends Analysis Report, 2024

Metal recycling entails secondary production of metals by recycling scrap generated from metal-based objects. Metal scrap generated from discarded machineries, automotive, construction materials, mechanical equipment, and electrical & electronic components can be reused to produce metals through an energy efficient route. Metals recycled from scrap can be classified into three major categories: ferrous, non-ferrous, and others (such as precious metals). Several types of metals such as iron & steel, copper, aluminum, zinc, nickel, lead, tin, gold, silver, platinum, and palladium can be recycled.

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Recycled metals can further be used in various end-user industries such as building & construction, automotive, electrical & electronics, industrial machinery, shipbuilding, and home appliances. Asia Pacific has been accounting for the largest share of the global recycled metal market, followed by Europe and North America, since the last few years. Middle East & Africa is expected to witness rising demand for recycled metal during the forecast period.

The report estimates and forecasts the recycled metal market on the global, regional, and country level. The study provides forecast from 2016 to 2024 based on volume (kilo tons) and revenue (US$ Mn). The report comprises an exhaustive value chain analysis, which provides a comprehensive view of the market. The value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints of the recycled metal market along with their impact on demand during the forecast period. The report analyzes opportunities in the recycled metal market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.

The report includes Porter’s Five Forces Model to determine the degree of competition in the recycled metal market. A qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness has been included in the report. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report includes price trend analysis for recycled metal from 2015 to 2024.

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The study provides a comprehensive view of the recycled metal market by dividing it into product segments that include ferrous, non-ferrous, and others. In terms of end-user, the recycled metal market has been segmented into building & construction, automotive, electrical & electronics, shipbuilding, industrial machinery, and others. Product segments and end-user segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn).

Regional segmentation includes the current and forecast demand for recycled metal in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, India, Brazil, and South Africa have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Sims Metal Management Ltd., European Recycled Metal, OmniSource Corporation, Schnitzer Steel Industries, Inc., and Nucor Corporation. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

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In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

The recycled metal market has been divided into the following segment

Recycled Metal Market – Product Segment Analysis

Ferrous
Non-ferrous
Others (Including Precious Metals, etc.)

Recycled Metal Market – End-user Analysis

Building & Construction
Automotive
Electrical & Electronics
Shipbuilding
Industrial Machinery
Others (Including Household Appliances, etc.)

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