Metal Recycling Industry Outlook, 2020-2025: Valued at $49.47 Billion in 2019, the Total Industry is Projected to Reach $76.16 Billion by 2025
20 March 2020
The "Metal Recycling Market by Metal (Ferrous and Non-Ferrous), Scrap Type (Old Scrap and New Scrap), End-Use Sector (Construction, Automotive, Shipbuilding, Equipment Manufacturing, Consumer Appliances), Equipment, and Regions - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The total market size of metal recycling was USD 49.47 Billion in 2019 and is projected to reach USD 76.16 Billion by 2025, rising at a CAGR of 7.85%. The market comprises of significant manufacturers such as ArcelorMittal (Luxembourg), Nucor Corporation (US), Commercial Metals Company (US), Sims Metal Management Limited (US), and Aurubis AG (Germany).
Based on type, the ferrous segment is projected to be a faster-growing market during the forecast period. Iron and steel scraps are some of the most widely recycled ferrous metals in the world. This scrap comes from end-of-life products and scrap generated through manufacturing processes. The use of scrap in steel production has formed an integral part of the steelmaking industry. According to the Bureau of International Recycling, 40% of steel production is made from scraps.
In terms of value and volume, the building & construction segment of the metal recycling market is projected to grow at the highest CAGR during the forecast period.
The building & construction segment is the fastest-growing segment in the metal recycling market. The need to reduce the environmental impact of mining metals has encouraged the use of recycled metals in the building & construction sector. Most recycled metals used in this sector are obtained from demolition waste, which is one of the largest sources of metal waste, especially in the US.
In terms of both value as well as volume, the Asia Pacific region is expected to account for the largest share in the global metal recycling market during the forecast period.
The Asia Pacific is the fastest-growing market for metal recycling due to its increasing economic growth. It accounted for over a third of the world's GDP, according to a paper published by World Economics in February 2017. According to the Population Reference Bureau, the fastest-growing consumer markets of China, India, and other Asia Pacific countries had a combined population exceeding four billion people (as of 2018). This is projected to be an essential driver for global consumption of consumer durables and the building & construction sector over the next two decades; this, in turn, is expected to lead to the growth of the metal recycling market. Other drivers that will have a positive impact on this market are increasing household incomes and the growing middle-class population.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
5.3 YC, YCC Shift
6 Metal Recycling Market, By Scrap Type
6.2 Old Scrap
6.3 New Scrap
7 Metal Recycling Market, By Type
8 Metal Recycling Market, By Equipment
8.4 Granulating Machines
8.5 Briuetting Machines
9 Metal Recycling, By End-Use Sector
9.2. Building & Construction
9.4. Equipment Manufacturing
9.7. Consumer Appliances
10 Metal Recycling Market, By Region
10.2 North America
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.4 South Korea
10.4.5 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.3 Saudi Arabia
10.5.4 South Africa
10.5.5 Rest of Middle East & Africa
10.6 South America
10.6.3 Rest of South America
11 Competitive Landscape
11.2 Market Ranking
12 Company Profiles
12.2 Nucor Corporation
12.3 Commercial Metals Company
12.4 Sims Metal Management Limited
12.5 Aurubis AG
12.6 European Metal Recycling Limited
12.7 Dowa Holdings Co. Ltd.
12.8 Tata Steel Limited
12.9 Baosteel Group Corporation
12.10 Remondis Se & Co. KG
12.10.1 Additional Company Profiles
220.127.116.11 Novelis Inc.
18.104.22.168 Norton Aluminum Ltd.
22.214.171.124 Tom Martin & Co. Ltd.
126.96.36.199 Omnisource Corporation
188.8.131.52 Schnitzer Steel Industries, Inc.
184.108.40.206 Industrial Services of America, Inc.
220.127.116.11 American Iron & Metal
18.104.22.168 Totall Metal Recycling, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/49fver
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900