The Market Reports

Synopsis

Scrap metals collected from various sources are raw materials used in metal recycling. Scrap metals are separated and processed several times to yield recycled metals.

The global Metal Recycling market was valued at US$ 292860 million in 2023 and is anticipated to reach US$ 386740 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.

Metal recycling is the process of collecting, processing, and reusing or remanufacturing metal materials from various sources, such as discarded products, industrial waste, and construction materials. Recycling metals helps conserve natural resources, reduce energy consumption, and minimize environmental impacts associated with mining and metal production. Here are key aspects of metal recycling:

1. Collection:** Metal recycling begins with the collection of scrap metal from various sources. Common sources of scrap metal include old appliances, automobiles, construction materials, industrial equipment, and consumer products. Scrap metal can also be generated during manufacturing processes as excess or defective material.
2. Sorting and Separation:** After collection, the scrap metal is sorted and separated into different categories based on the type of metal. Commonly recycled metals include steel, aluminum, copper, brass, and various alloys. Separation is typically done using magnets, eddy current separators, and other techniques.
3. Processing and Shredding:** Once sorted, the scrap metal is processed and prepared for recycling. This may involve shredding the metal into smaller pieces to facilitate melting and processing in the recycling facility.
4. Melting and Purification:** The shredded metal is then melted in a furnace to remove impurities and contaminants. During the melting process, any coatings or paint on the metal are burned off, leaving behind pure metal.
5. Alloying:** In the case of certain metals like aluminum, alloying elements may be added to achieve specific properties. Recycling facilities can adjust the alloy composition as needed to meet the desired specifications for various applications.
6. Casting and Forming:** The molten metal is cast into ingots, billets, or other forms for further processing. These forms are then used to manufacture new products.
7. Manufacturing:** The recycled metal is used as raw material in various industries to produce new products. Recycled steel, for example, can be used to make new cars, appliances, and construction materials. Recycled aluminum can be used for beverage cans, aircraft parts, and more.
8. Environmental Benefits:** Metal recycling offers several environmental benefits. It reduces the need for mining and the associated environmental impacts, including habitat disruption and water pollution. It also conserves energy since recycling metal typically requires less energy than producing metal from raw materials. Recycling also helps reduce greenhouse gas emissions.
9. Economic Benefits:** Metal recycling is not only environmentally friendly but also economically viable. It creates jobs in the collection, processing, and manufacturing sectors of the recycling industry. Additionally, recycling metals can be more cost-effective than mining and refining new metals.
10. Conservation of Resources:** Recycling metals helps conserve finite natural resources. For example, recycling one ton of steel saves approximately 2,500 pounds of iron ore, 1,400 pounds of coal, and 120 pounds of limestone.

Overall, metal recycling is a sustainable practice that plays a vital role in reducing waste, conserving resources, and mitigating environmental impacts. It is an essential component of the circular economy, where materials are continuously reused and recycled to minimize waste and promote sustainability.

This report aims to provide a comprehensive presentation of the global market for Metal Recycling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Metal Recycling.

Report Scope

The Metal Recycling market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Metal Recycling market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Metal Recycling companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

• Nucor Corporation
• Commercial Metals
• Aurubis
• Arcelormittal
• MIS Metal Management
• European Metal Recycling
• Tata Steel
• BaoWusteel Group
• Remondis
• Rethmann
• Der Grüne Punkt

Segment by Type

• Silver (Ag)
• Gold (Au)
• Platinum Group Metals

Segment by Application

• Automotive
• Building and construction
• Ship building
• Equipment manufacturing
• Packaging
• Consumer appliances

Consumption by Region

• North America (United States, Canada)
• Europe (Germany, France, U.K., Italy, Russia)
• Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
• Latin America (Mexico, Brazil, Argentina)
• Middle East & Africa (Turkey, Saudi Arabia, UAE)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Metal Recycling companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.