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Recycled Metal Market Size will Hit Around 101.6 Billion by 2030

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According to Precedence Research, the global recycled metal market size is forecasted to reach US$ 101.6 billion by 2030 from US$ 70.3 billion in 2021, by growing at a lucrative CAGR of 4.2% between 2021 and 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1349

The rising investments in the development of infrastructure in developing economies, growing automotive sector due to the introduction of electric vehicles, rising demand for recycled metals from different end uses sectors such as electronic, aerospace, and defense, and rising awareness regarding the negative environmental impacts of excess metal mining are the several factors that boosts the growth of the global recycled metal market. Rapid industrialization and rapid urbanization are the major drivers of the recycled metal market.

Moreover, rising investments by the top players to set up recycling facilities and implementing improve waste management system will play a crucial role in the market growth during the forecast period. The rising government initiatives to reduce carbon footprint and reduce energy consumption has fueled the adoption of metal recycling across the globe. The recycling of metal consumes less energy as compared to the mining. Hence, the development of sustainable ways for the industrial and infrastructural development is a key factor that is expected to fuel the market growth in the upcoming years.

Crucial factors accountable for market growth are:

  • Rising investments in infrastructural development
  • Rising urbanization and industrialization
  • Development of improved waste management systems
  • Rising awareness regarding the environmental impacts of metal mining
  • Rising demand from the automotive sector
  • Rapidly growing building and construction industry
  • Government regulations on recycled plastic

Report Scope of the Recycled Metal Market

Report Coverage Details
Market Size in 2020 US$ 67.6 billion
Growth Rate From 2021 to 2030 CAGR of 4.2%
Fastest Growing Market North America
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030

Market Dynamics

Driver – Increasing production of recycled metal owing to the increased demand from the manufacturing sector is boosting the growth of the global recycled metal market across the globe. Further, rising government initiatives to reduce the wastage of metal and develop sustainable solutions is fostering the market growth. According to the Bureau of International Recycling, the non-ferrous metals have witnessed an increase of around 6% in their recycling across the globe. Therefore, rising importance of non-ferrous metal recycling is expected to boost the market growth.

Restraints – Lack of proper government regulations and metal recycling technologies in the developing and underdeveloped economies is a key restraint that may hamper the market growth during the forecast period.

Opportunities – Rising government participation to boost the growth and development of recycled metal is expected to drive the growth of the market. For instance, the implementation of Draft Steel Scrap Policy in India is expected to boost the development of the market.

Challenges – The lack of funds in the hands of the government in the underdeveloped nations restricts the growth of the infrastructure in the country, which results in low economic activities. Therefore, the lack of infrastructure is restricting the growth of various industries such as transport, construction, and various others that may restrict the growth of the recycled metal market.

Report Highlights

  • Based on the metal type, the non-ferrous segment is expected to be the fastest-growing segment. The extensive usage of aluminium in the automotive, construction, aerospace, and various consumer goods industries is the major factor accountable to drive the segment growth in the upcoming future.
  • Based on the end user, the construction segment is estimated to be the fastest-growing segment owing the rising investment in the development of infrastructure in the developing regions such as Middle East, Africa, Asia, and Latin America.

Regional Snapshots

Based on region, Asia Pacific dominated the global recycled metal market with a share of over 50% in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. The Asia Pacific has the highest number of countries that are still developing and underdeveloped. The growing public and private investments in the development of sophisticated infrastructure in these developing nations is a crucial factor responsible for driving the growth of the recycled metal market. Further, Asia Pacific is among the top importers of recycled metal. The lack of advanced technology for recycling metal coupled with huge demand for the recycled metal has made this region a top consumer of recycled metal. The rising industrialization and rapid urbanization are expected to drive the growth of the recycled metal market in the region during the forecast period.

On the other hand, North America is estimated to be the most opportunistic market during the forecast period. The rising popularity of electric vehicles and demand for advanced electronic goods are the major factors of growth. Recycled metal is extensively used in the electronics and automotive industry and hence, the growth of these industries will propel the demand for the recycled metal in North America during the forecast period.

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global recycled metal market are listed as below:

  • CMC
  • Tata Steel
  • GFG Alliances
  • European Metal Recycling
  • Norsk Hydro ASA
  • Novelis
  • Sims Metal Management
  • Commercial Metal Company
  • Steel Dynamics
  • Nucor Corporation
  • Aurubis AG
  • ELG HanielGmbh and Schnitzer Steel

Segments Covered in the Report

By Metal Type

  • Ferrous
  • Non-Ferrous

By End User

  • Construction
  • Transport & Automotive
  • Industrial Machinery
  • Electronics
  • Defense
  • Packaging
  • Military
  • Consumer Goods
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

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. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

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 Recycled Metal Market 

5.1. COVID-19 Landscape: Recycled Metal Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

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

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Recycled Metal Market, By Metal Type

8.1. Recycled Metal Market, by Metal Type, 2021-2030

8.1.1. Ferrous

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Non-Ferrous

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Recycled Metal Market, By Application

9.1. Recycled Metal Market, by Application, 2021-2030

9.1.1. Construction

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Transport & Automotive

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Industrial Machinery

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Electronics

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Defense

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Packaging

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Consumer Goods

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Military

9.1.8.1. Market Revenue and Forecast (2019-2030)

9.1.9. Others

9.1.9.1. Market Revenue and Forecast (2019-2030)

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

10.1. North America

10.1.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. CMC

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Tata Steel

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. GFG Alliances

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. European Metal Recycling

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Norsk Hydro ASA

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Novelis

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Sims Metal Management

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Commercial Metal Company

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Steel Dynamics

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Nucor Corporation

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global recycled metal market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for recycled metal are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable. 

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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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