Metal Recycling

Metal Recycling Market is Estimated to be Valued at 806.61 Bn By 2027 Metal Recycling Market Size, Share By Product (Aluminum, Steel, Copper, and Others), By Application (Automotive, Construction, Industrial Goods, Consumer Goods, and Others) - Global Industry Analysis, Trends, Segment Forecasts, Regional Outlook 2020 - 2027

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The metal recycling market size accounted for US$ 562.87 billion in 2019 and is estimated to reach US$ 806.61 billion by 2027 and is anticipated to register a CAGR of 4.6% from 2020 to 2027.

The report provides the overall revenue of the global metal recycling market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Report Highlights

  • The Asia Pacific emerged as the global leader and accounted for over 67% of total value in 2019 attributed to the high production of metal in the region
  • Europe follows the Asia Pacific in terms of metal production owing to growing emphasis on the circular economy together with stringent government regulations for energy usage
  • Steel emerged as a dominating product segment in 2019 with a volume share of over 79% in the same year owing to large-scale utilization of the product in automotive, construction, and consumer goods industries
  • Aluminum is however another product that offers tremendous benefits for recycling because of significant spending of the industry for recycled cans every year
  • The construction segment dominated the global metal recycling market accounting for over 46% of the total volume share in 2019 owing to flourishing growth in urbanization
  • The automotive industry is the other important segment that uses large amount of metal product in various applications such as body parts, engine components, and various other components

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Growth Factors

Rising urbanization and industrialization across the globe accounted as the major factor that propels the growth of metal recycling industry over the coming years. This trend has significantly prospered the growth numerous industries that include automotive, construction, consumer goods, packaging, ship building, equipment manufacturing, and many others that have notable usage of metals across different applications that further drives the overall market growth.

Apart from the application of recycled metals, growing emphasis of governments of various regions toward sustainable waste management along with conservation of natural resources expected to be the other main factors that fuel that market growth for metal recycling over the upcoming years.

Regional Snapshots

The Asia Pacific captured the largest market share in terms of revenue accounting for approximately 70% of the total market in 2019. The prominent growth of the region is mainly attributed to the high production share of steel in the region. As per the World Steel Association, total crude steel produced in the region was 1,341.6 Million tons in 2019 that accounted for nearly 5.7% rise in the production rate compared to 2018. Furthermore, China alone occupied more than 50% of the global steel production that significantly contributes towards the growth of the metal recycling industry in the region. Apart from the production point of view, notable growth of construction, automotive, and industrial sectors in the region also drives the demand for recycled metals in the forthcoming years.

The Asia Pacific region is followed by Europe in terms of production. In 2019, Europe contributed nearly 8.5% of the global crude steel production. Significant growth of the automotive and building construction industries in the region are the prominent factors that promote the growth of the metal recycling industry in the region.

However, North America contributes around 5% of the global crude steel production, out of which roughly 42% contribution is of the steel produced with recycled materials. This depicts higher significance of metal recycling in the region. Furthermore, the region is a significant producer of secondary aluminum. The United States mainly produces steel using the EAF process that consumes larger quantity of scraped material that further propels the demand for scrap recycling in the region.

Key Players & Strategies

The metal recycling industry is highly fragmented and unorganized in nature owing to presence of numerous market players. These market players are significantly focusing towards expanding their manufacturing facilities across the globe owing to supportive government policies. For instance, in June 2019, Tata Steel announced to open its first recycling plant in Haryana, India. This initiative by the company expected to help it to gain a significant foothold in the Indian market.

A few of the prominent players in the metal recycling market include:

  • GFG Alliance
  • European Metal Recycling
  • CMC Recycling
  • Kimmel Scrap Iron & Metal Co. Inc.
  • Norsk Hydro ASA
  • Schnitzer Steel Industries, Inc.
  • Tata Steel
  • Novelis
  • Utah Metal Works
  • Sims Metal Management Limited

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of product, application, and region:

By Product

  • Aluminum
  • Steel
  • Copper
  • Others

By Application

  • Automotive
  • Construction
  • Industrial Goods
  • Consumer Goods
  • Others

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Metal Recycling Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Metal Recycling Market

5.1. Covid-19: Metal Recycling Industry Impact
5.2. Metal Recycling Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Metal Recycling Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Metal Recycling Vendor to deal with Covid-19 Pandemic Scenario

Chapter 6. Metal Recycling Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. New Awareness Programs for Sustainable Waste Management Practice
6.1.1.2. Metal Recycling Offer Energy Saving Benefits Compared to Mining
6.1.2. Market Restraints
6.1.2.1. Unorganized Waste Collection Procedure Particularly in Developing Countries
6.1.2.2. Regulations Related to Fair and Free trade of Scrap Metals
6.1.3. Market Opportunities
6.1.3.1. Developing of Public and Private Relationship
6.1.3.2. Stringent Government Regulations Regarding Underground Mining and Natural Resource Depletion
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
6.3. PESTEL Analysis

Chapter 7. Global Metal Recycling Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Metal Recycling Market Revenue by Vendor(2015-2020)
7.1.1.2. Metal Recycling Market Revenue Market Share by Vendor (2015-2020)
7.1.1.3. Metal Recycling Market Production by Vendor (2015-2020)
7.1.1.4. Metal Recycling Market Production Market Share by Vendor (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Metal Recycling Market, By Product

8.1. Metal Recycling Market, by Product, 2016-2027
8.1.1. Aluminum
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Steel
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Copper
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)

Chapter 9. Global Metal Recycling Market, By Application

9.1. Metal Recycling Market, by Application, 2016-2027
9.1.1. Automotive
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Consumption and Forecast (2016-2027)
9.1.2. Construction
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Consumption and Forecast (2016-2027)
9.1.3. Industrial Goods
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Consumption and Forecast (2016-2027)
9.1.4. Consumer Goods
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.4.2. Market Consumption and Forecast (2016-2027)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.5.2. Market Consumption and Forecast (2016-2027)

Chapter 10. Global Metal Recycling Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Production Forecast by Product (2016-2027)
10.1.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2016-2027)
10.1.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2016-2027)
10.1.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Production Forecast by Product (2016-2027)
10.2.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2016-2027)
10.2.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2016-2027)
10.2.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2016-2027)
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2016-2027)
10.2.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Forecast by Product (2016-2027)
10.3.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2016-2027)
10.3.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2016-2027)
10.3.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2016-2027)
10.3.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2016-2027)
10.3.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue and Production Forecast by Product (2016-2027)
10.4.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2016-2027)
10.4.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2016-2027)
10.4.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Forecast by Product (2016-2027)
10.5.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2016-2027)
10.5.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2016-2027)
10.5.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2016-2027)
10.5.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2016-2027)
10.5.6.2. Market Revenue and Consumption Forecast (2016-2027)

Chapter 11. Company Profiles

11.1. GFG Alliance
11.1.1. Company Overview, Business Information, Manufacturing Area
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. European Metal Recycling
11.2.1. Company Overview, Business Information, Manufacturing Area
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. CMC Recycling
11.3.1. Company Overview, Business Information, Manufacturing Area
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. Kimmel Scrap Iron & Metal Co. Inc.
11.4.1. Company Overview, Business Information, Manufacturing Area
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Norsk Hydro ASA
11.5.1. Company Overview, Business Information, Manufacturing Area
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Schnitzer Steel Industries, Inc.
11.6.1. Company Overview, Business Information, Manufacturing Area
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. Tata Steel
11.7.1. Company Overview, Business Information, Manufacturing Area
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Novelis
11.8.1. Company Overview, Business Information, Manufacturing Area
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. Utah Metal Works
11.9.1. Company Overview, Business Information, Manufacturing Area
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. Sims Metal Management Limited
11.10.1. Company Overview, Business Information, Manufacturing Area
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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