"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Scrap Metal Recycling Market Size, Share & Industry Analysis, By Type (Ferrous, Non-Ferrous), By End-Use Industry (Building & Construction, Automotive, Equipment Manufacturing, Packaging, Consumer Appliances, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105275 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Scrap metals, produced during final product development, can be used as a raw material for the production of new products. It can be reprocessed without misplacing any of its properties. It serves a purpose of much lower carbon footprint and more convenient resource utilization than virgin metals. Meanwhile, steel is gaining traction in the market to meet the predefined sustainable goals. Efforts by a global steel company to highlight the benefits of steel recyclability in line with environmental goals to avoid possible drift into landfills are prime examples.


The market is being driven by the increasing need for waste management and recycling infrastructure globally. Government regulations are raising awareness on scrap metal recycling across the industrial sectors. Metals such as Aluminum can be recycled many times and can be used to produce variety of consumer products such as packaging. Recycling scrap metals saves considerable amount of energy as compared to the energy required for virgin metal manufacturing. For instance, one ton of recycled steel can reduce the use of 2500, 1400 & 120 pounds of iron ore, coal & limestone respectively. However, lack of adequate recycling infrastructure in most of the developing economies is impeding market growth.

Key Market Driver -

Increasing need for waste management coupled with government initiatives is driving the market.

Key Market Restraint -

Lack of recycling infrastructure and high operating cost are restricting the market growth


Market Segmentation:


The market for scrap metal recycling can be segmented on the basis of type, end-use industry, and region. The market is subdivided on the basis of type into ferrous, and non-ferrous. In terms of end-use industry, the market can be segmented into building & construction, automotive, equipment manufacturing, packaging, consumer appliances and others. From a geographical standpoint, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:


The global & regional players operating in scrap metal recycling market includes ArcelorMittal, Aurubis AG, Kuusakoski Oy, Nucor Corporation, AIM Recyclage, Inc., Sims Limited, Omnisource Corporation, Metallon Recycling Pte Ltd, DBW Metals Recycling, TKC Metal Recycling Inc. and others.              

Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the scrap metal recycling market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The Asia Pacific region accounted for a sizable portion of the scrap metal recycling market. Increased production for scrap products, as well as favourable government policies, are expected to augment the regional demand of the scrap metal recycling. Europe is the second largest scrap metal recycling market. Consumer demand from the automobile industry and construction divisions is highest in developed countries such as Germany, UK, France, and others. Aluminium production and imports in North America are increasing steadily, particularly in the U.S. The region makes up the bulk of steel scrap and recycled iron used in the production of new steel and cast iron products. The continued growth for metals in the region has gained the interest of investors in the scrap metal recycling. Middle East and African countries such as the South Africa and UAE have levied taxes on the export of scrap metal due to scarcity of scrap, thus boosting the domestic metal recycling market. Companies in Latin America are becoming increasingly aware about scrap metal recycling and are aiming to save energy consumption in the near future.

To gain extensive insights into the market, Request for Customization


Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Ferrous

  • Non-Ferrous



By End-Use Industry



  • Building & Construction

  • Automotive

  • Equipment Manufacturing

  • Packaging

  • Consumer Appliances

  • Others



By Geography



  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Scrap Metal Recycling Industry Developments



  • In October 2020, Integrated Metal Recycling Inc. was formed by the merger of ArcelorMittal and Triple M. Many of the recycling program of the two partners in Quebec will be combined in this joint venture. The revenue of the scrap metal recycling business is expected to increase as a result of this venture.

  • In May 2020, Aurubis AG purchased Metallo, a scrap metal recycling company. This purchase was made to increase the company's metal scrap manufacturing capability. It will also most likely assist Aurubis AG in expanding its global market penetration in the metal recycling.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Petronas
GM
Kpmg
3M
Iwatani

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X