The recycled metal market recorded a notable revenue share in the market in 2021 and is set to be worth more than USD 101.6 billion by the end of 2030. It is poised to grow at a healthy CAGR of 4.2% from 2021 to 2030.
The report contains 150+ pages with detailed analysis. The market report also covers the estimated market sizes and trends for different countries across major regions, globally.
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.
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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
Scope of the Recycled Metal Market Report
| Report Highlights | Details |
| Market Size In 2030 | USD 101.6 Billion |
| Growth Rate | CAGR of 4.2% from 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Mental Type, End User, Region |
Research Objective
the market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2020. This research report evaluates recycled metal market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global recycled metal market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the recycled metal market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the 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.
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.
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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.
Some of the prominent players in the global recycled metal market include:
- 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
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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