Metal Recycling Market - Global Forecast to 2029
出版年月 | 2024年6月 |
ページ数 | 284 |
図表数 | 444 |
価格タイプ | シングルユーザライセンス |
価格 | USD 4,950 |
種別 | 英文調査報告書 |
金属リサイクル市場規模は、2024 年に 5,519 億米ドルと推定され、CAGR 6.8% で成長し、 2029 年までに 7,679 億米ドルに達すると予測されています。
MarketsandMarkets(マーケッツアンドマーケッツ)「金属リサイクル市場 : タイプ (鉄金属、非鉄金属)、スクラップのタイプ (ニュースクラップ、オールドスクラップ)、使用機器 (シュレッダー、せん断機、造粒機、ブリケットマシン)、最終用途産業、地域 – 2029年までの世界予測 – Metal Recycling Market by Type (Ferrous Metals, Non-Ferrous Metals), Scrap Type (Old Scrap, New Scrap), Equipment Used (Shredder, Shear, Granulation Machine, Briquetting Machine), End-Use Industry, and Region – Global Forecast to 2029」は世界の金属リサイクル市場を調査し、主要セグメント毎の分析・予測結果を提供します。
主な調査対象セグメント
- タイプ
- 鉄金属
- 非鉄金属
- スクラップタイプ
- ニュースクラップ(新屑)
- オールドスクラップ(古屑)
- 使用機器
- シュレッダー
- せん断機
- 造粒機
- ブリケットマシン
- エンドユース産業
- 建築&建設
- 自動車
- 機器製造
- 造船
- 梱包
- 消費材
- その他のエンドユース産業
- 地域
- 北米
- 欧州
- アジア太平洋地域
- 中東&アフリカ
- 南米
Report Overview
The metal recycling market size is estimated to be USD 551.9 billion in 2024, and it is projected to reach USD 767.9 billion by 2029 at a CAGR of 6.8%.
The rising demand for consumer electronics is significantly driving the growth of the metal recycling market. As the production and consumption of devices such as smartphones, laptops, tablets, and household appliances increase, so does the generation of electronic waste (e-waste). These devices contain valuable metals like copper, aluminum, gold, and silver, which can be recovered and recycled. Recycling metals from e-waste is crucial for conserving natural resources and reducing the environmental impact of mining and processing new metals. The high turnover rate of consumer electronics, due to rapid technological advancements and the frequent release of new models, creates a constant supply of obsolete devices ready for recycling. Governments and environmental organizations are enforcing stricter regulations and promoting initiatives to manage e-waste, encouraging recycling practices among both consumers and manufacturers. This regulatory support, along with growing environmental awareness among consumers, is boosting the metal recycling market. Thus, the increasing demand for consumer electronics leads to more e-waste, driving the need for efficient recycling processes to recover valuable metals. This trend supports the growth of the metal recycling market by ensuring a steady supply of recyclable materials and promoting sustainable practices in the electronics industry.
“By Type, Non-Ferrous Metals Segment Accounted for the Second Highest CAGR During the Forecast Period.”
Non-ferrous metals are metals that do not contain significant amounts of iron, making them more malleable, lighter, and resistant to corrosion compared to ferrous metals. Common non-ferrous metals include aluminum, copper, lead, zinc, tin, nickel, and precious metals like gold and silver. Non-ferrous metals have a wide range of applications. Aluminum is used in aircraft, automotive parts, packaging, construction materials, and consumer electronics. Copper is essential for electrical wiring, plumbing, roofing, and industrial machinery. Lead finds use in batteries, radiation shielding, and certain types of glass and ceramics. Zinc is used for galvanizing steel, in alloys like brass, and in die-casting for automotive and electrical industries. Tin is commonly used in solder for electronics, as a coating for steel cans, and in various alloys. Nickel is utilized in stainless steel production, batteries (particularly for electric vehicles), and superalloys for aerospace applications. Gold and silver are prized for jewelry, electronics due to their excellent conductivity, medical devices, and as investment commodities. These properties make non-ferrous metals indispensable in modern technology, infrastructure, and manufacturing.
“By End-Use Industry, Equipment manufacturing End-Use Industry Segment Accounted For The Third Highest CAGR During the Forecast Period.”
Several factors contribute to the expansion of the equipment manufacturing end-use industry within the metal recycling market. There is a growing emphasis on sustainability and environmental awareness among equipment manufacturers. Utilizing recycled metals in manufacturing aligns with these principles, offering a more eco-friendly alternative to virgin materials. Recycling metals often proves more economical than sourcing new materials, leading to savings in raw material procurement, production, and waste disposal costs for manufacturers. Advancements in recycling technologies improve the quality and availability of recycled metals, making them increasingly viable for manufacturing high-quality equipment. Innovations in sorting, shredding, and purification processes enable the recovery of pure metals with properties comparable to virgin materials. Regulatory initiatives and government policies promoting recycling and circular economy principles incentivize equipment manufacturers to integrate recycled metals into their production processes. Consumer preferences for eco-friendly products influence equipment manufacturers to prioritize sustainability. Using recycled metals allows manufacturers to meet these expectations, enhancing their brand reputation and market competitiveness. Thus, the growth of the equipment manufacturing industry within the metal recycling market is driven by sustainability concerns, cost-effectiveness, technological advancements, regulatory incentives, and consumer demand for eco-friendly products. These factors collectively contribute to the increasing adoption of recycled metals in equipment manufacturing, fostering a more sustainable industrial ecosystem.
“North America is accounted third larget market for Metal recycling in 2023.”
The North America region is accounted third larget in the Metal recycling market. This growth encompasses countries like US, Canada, and Mexico.
The North American metal recycling market experiences growth and development influenced by various drivers, trends, and factors. Stringent environmental regulations and sustainability initiatives push industries to adopt recycling practices, aiming to minimize waste and preserve resources. The region’s robust industrial sector generates significant amounts of metal scrap, ensuring a steady supply for recycling processes. Technological advancements in recycling technologies enhance efficiency and promote the utilization of recycled metals across various applications. Economic factors, including cost-effectiveness and the increasing demand for sustainable products, further stimulate the growth of the metal recycling market in North America.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Metal recycling market.
• By Company Type: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
• By Designation: C Level: 35%, Director Level: 30%, and Others: 35%
• By Region: North America: 25%, Europe: 20%, APAC: 45%, Middle East & Africa: 5%, and South America: 5%
Companies Covered: The global Metal recycling market comprises major manufacturers, such as ArcelorMittal (Luxembourg), Nucor (US), CMC (US), Sims Limited (Australia), Aurubis AG (Germany), Dowa Holdings Co., Ltd. (Japan), Tata Steel (India), Radius Recycling, Inc. (US), European Metal Recycling Ltd. (UK), and Upstate Shredding – Weitsman Recycling (US), among others.
Research Coverage
The market study covers the metal recycling market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, scrap type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the metal recycling market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall metal recycling market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growth of automotive industry, Increasing demand for consumer electronics, and Urbanization and infrastructure development), restraints (Disorganized metal waste collection in developing countries), opportunities (Recovering metals from slag residue) and challenges (Growing complexity of products poses challenges to recycling efforts).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the metal recycling market
• Market Development: Comprehensive information about lucrative markets – the report analyses the metal recycling market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Metal recycling market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ArcelorMittal (Luxembourg), Nucor (US), CMC (US), Sims Limited (Australia), Aurubis AG (Germany), Dowa Holdings Co., Ltd. (Japan), Tata Steel (India), Radius Recycling, Inc. (US), European Metal Recycling Ltd. (UK), and Upstate Shredding – Weitsman Recycling (US), among others in the metal recycling market. The report also helps stakeholders understand the pulse of the Metal recycling market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.2.1 INCLUSIONS AND EXCLUSIONS 44
1.3 STUDY SCOPE 44
1.3.1 MARKET SEGMENTATION 44
1.3.2 REGIONS COVERED 45
1.3.3 YEARS CONSIDERED 45
1.4 CURRENCY CONSIDERED 46
1.5 UNITS CONSIDERED 46
1.6 LIMITATIONS 46
1.7 STAKEHOLDERS 46
1.8 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
FIGURE 1 METAL RECYCLING MARKET: RESEARCH DESIGN 48
2.1.1 SECONDARY DATA 49
2.1.1.1 Key data from secondary sources 49
2.1.2 PRIMARY DATA 50
2.1.2.1 Key data from primary sources 50
2.1.2.2 Key industry insights 51
2.1.2.3 Breakdown of primary interviews 51
2.2 MARKET SIZE ESTIMATION 52
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 52
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 53
2.2.1 VOLUME MARKET APPROACH 53
2.2.1.1 Approach 1 (Based on type, by country) 53
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH, BY METAL TYPE 54
2.2.1.2 Approach 2 (Based on scrap type) 55
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY, BY SCRAP TYPE 55
2.3 DATA TRIANGULATION 56
FIGURE 6 DATA TRIANGULATION: METAL RECYCLING MARKET 56
2.4 FACTOR ANALYSIS 57
2.5 IMPACT OF RECESSION 57
2.6 RESEARCH ASSUMPTIONS 58
2.7 RESEARCH LIMITATIONS 58
2.8 RISK ASSESSMENT 58
3 EXECUTIVE SUMMARY 59
FIGURE 7 FERROUS METAL SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 60
FIGURE 8 OLD SCRAP SEGMENT TO WITNESS HIGHER GROWTH RATE DURING FORECAST PERIOD 60
FIGURE 9 BUILDING & CONSTRUCTION TO BE LARGEST END-USE INDUSTRY OF METAL RECYCLING 61
FIGURE 10 ASIA PACIFIC TO LEAD METAL RECYCLING MARKET 61
4 PREMIUM INSIGHTS 63
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN METAL RECYCLING MARKET 63
FIGURE 11 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN METAL RECYCLING MARKET 63
4.2 ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE AND COUNTRY 64
FIGURE 12 CHINA DOMINATED METAL RECYCLING MARKET IN 2023 64
4.3 METAL RECYCLING MARKET, BY TYPE 64
FIGURE 13 FERROUS METALS SEGMENT TO LEAD OVERALL MARKET DURING FORECAST PERIOD 64
4.4 METAL RECYCLING MARKET, BY SCRAP TYPE 65
FIGURE 14 OLD SCRAP TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD 65
4.5 METAL RECYCLING MARKET, BY END-USE INDUSTRY 65
FIGURE 15 BUILDING & CONSTRUCTION TO LEAD METAL RECYCLING MARKET 65
4.6 METAL RECYCLING MARKET, BY COUNTRY 66
FIGURE 16 CHINA PROJECTED TO REGISTER HIGHEST CAGR FROM 2024 TO 2029 66
5 MARKET OVERVIEW 67
5.1 INTRODUCTION 67
5.2 MARKET DYNAMICS 68
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN METAL RECYCLING MARKET 68
5.2.1 DRIVERS 68
5.2.1.1 Growing demand from automotive, consumer electronics, and construction industries 68
FIGURE 18 GLOBAL VEHICLE PRODUCTION IN 2022 (THOUSAND UNITS) 69
FIGURE 19 GLOBAL ELECTRIC VEHICLE SALES, 2019–2023 (UNITS) 70
TABLE 1 POPULATION AND URBANIZATION, BY REGION, 2021–2050 (MILLION) 70
TABLE 2 POPULATION GROWTH, BY REGION, 2022–2050 (MILLION) 70
5.2.1.2 Expansion of steel industry 71
TABLE 3 GLOBAL CRUDE STEEL PRODUCTION, 2019–2023 (MILLION TONNES) 72
TABLE 4 USE OF RECYCLED STEEL FOR STEELMAKING IN KEY COUNTRIES/ REGIONS (MILLION TONNES) 72
5.2.1.3 Implementation of stringent regulations 73
5.2.2 RESTRAINTS 73
5.2.2.1 Unorganized metal waste collection in developing countries 73
5.2.3 OPPORTUNITIES 74
5.2.3.1 Establishment of net-zero emission targets 74
5.2.3.2 Recovery of metals from slag residue 74
5.2.4 CHALLENGES 75
5.2.4.1 Growing complexity of products 75
6 INDUSTRY TRENDS 76
6.1 PORTER’S FIVE FORCES ANALYSIS 76
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS: METAL RECYCLING MARKET 76
TABLE 5 METAL RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS 76
6.1.1 THREAT OF NEW ENTRANTS 77
6.1.2 THREAT OF SUBSTITUTES 77
6.1.3 BARGAINING POWER OF SUPPLIERS 77
6.1.4 BARGAINING POWER OF BUYERS 77
6.1.5 INTENSITY OF COMPETITIVE RIVALRY 78
6.2 VALUE CHAIN ANALYSIS 78
FIGURE 21 METAL RECYCLING MARKET: VALUE CHAIN ANALYSIS 78
6.3 TRADE DATA ANALYSIS 79
6.3.1 EXPORT SCENARIO OF METAL RECYCLING MARKET 79
FIGURE 22 EXPORT OF FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL (EXCL. SLAG, SCALE, AND OTHER WASTE FROM THE PRODUCTION OF IRON OR STEEL; RADIOACTIVE WASTE AND SCRAP; FRAGMENTS OF PIGS, BLOCKS OR OTHER PRIMARY FORMS OF PIG IRON OR SPIEGELEISEN), BY KEY COUNTRIES, 2018–2022 79
6.3.2 IMPORT SCENARIO OF METAL RECYCLING MARKET 80
FIGURE 23 IMPORT OF FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL (EXCL. SLAG, SCALE, AND OTHER WASTE FROM THE PRODUCTION OF IRON OR STEEL; RADIOACTIVE WASTE AND SCRAP; FRAGMENTS OF PIGS, BLOCKS OR OTHER PRIMARY FORMS OF PIG IRON OR SPIEGELEISEN, BY KEY COUNTRIES, 2018–2022 80
6.4 MACROECONOMIC OVERVIEW 81
6.4.1 GLOBAL GDP OUTLOOK 81
TABLE 6 WORLD GDP GROWTH PROJECTION, 2019–2026 (USD BILLION) 81
6.5 TECHNOLOGY ANALYSIS 82
6.5.1 KEY TECHNOLOGIES 82
6.5.1.1 Electric arc furnace (EAF) 82
6.5.1.2 Shredding and sorting technologies 82
6.5.2 COMPLEMENTARY TECHNOLOGIES 83
6.5.2.1 Hydrometallurgical process 83
6.5.2.2 Pyrometallurgical process 83
6.6 TARIFF AND REGULATORY LANDSCAPE 83
6.6.1 TARIFF RELATED TO METAL RECYCLING MARKET 83
TABLE 7 AVERAGE TARIFF, BY COUNTRY 84
6.6.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
6.7 CASE STUDY ANALYSIS 89
TABLE 13 RADIUS RECYCLING’S INTEGRATED APPROACH 89
TABLE 14 OMNISOURCE, LLC ‘S SUSTAINABLE PRACTICES 89
TABLE 15 UPSTATE SHREDDING – WEITSMAN RECYCLING’S EXPANSION 90
6.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 90
FIGURE 24 EMERGING TRENDS AND ADVANCEMENTS IN TECHNOLOGY TO IMPACT REVENUE MIX 90
6.9 KEY CONFERENCES & EVENTS 91
TABLE 16 METAL RECYCLING MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 91
6.10 KEY STAKEHOLDERS AND BUYING CRITERIA 92
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 92
FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END-USE INDUSTRIES 92
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN METAL RECYCLING MARKET 92
6.10.2 BUYING CRITERIA 92
FIGURE 26 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 92
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 93
6.11 ECOSYSTEM ANALYSIS 93
TABLE 19 METAL RECYCLING MARKET: ROLE IN ECOSYSTEM 93
FIGURE 27 METAL RECYCLING MARKET: ECOSYSTEM MAP 94
6.12 PATENT ANALYSIS 94
6.12.1 INTRODUCTION 94
6.12.2 METHODOLOGY 94
FIGURE 28 NUMBER OF PATENTS GRANTED FOR METAL RECYCLING, 2013–2023 95
FIGURE 29 JURISDICTION ANALYSIS: REPUBLIC OF KOREA REGISTERED HIGHEST SHARE OF PATENTS, 2013–2023 95
TABLE 20 LIST OF MAJOR PATENTS IN METAL RECYCLING MARKET, 2022–2023 96
6.13 PRICING ANALYSIS 100
6.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE 100
TABLE 21 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE (USD/TON) 100
6.13.2 AVERAGE SELLING PRICE, BY REGION 100
FIGURE 30 AVERAGE SELLING PRICE FOR FERROUS METALS, BY REGION (USD/TON) 101
TABLE 22 AVERAGE SELLING PRICE OF KEY PLAYERS FOR FERROUS METALS, BY REGION, 2023–2029 (USD/TON) 101
FIGURE 31 AVERAGE SELLING PRICE FOR NONFERROUS METALS, BY REGION (USD/TON) 101
TABLE 23 AVERAGE SELLING PRICE OF KEY PLAYERS FOR NONFERROUS METALS, BY REGION, 2023–2029 (USD/TON) 102
6.13.3 INVESTMENT LANDSCAPE AND FUNDING SCENARIO 102
FIGURE 32 INVESTOR DEALS AND FUNDING IN METAL RECYCLING SOARED IN 2023 102
7 METAL RECYCLING MARKET, BY EQUIPMENT USED 103
7.1 INTRODUCTION 103
7.2 SHREDDER 103
7.2.1 MOST WIDELY USED EQUIPMENT IN METAL RECYCLING INDUSTRY 103
7.3 SHEARING 104
7.3.1 RISE IN INTEGRATION AND AUTOMATION TECHNOLOGY TO AUGMENT DEMAND FOR SHEARING EQUIPMENT 104
7.4 GRANULATION MACHINE 104
7.4.1 GRANULATION USED TO REDUCE WASTE AND PROMOTE SUSTAINABILITY 104
7.5 BRIQUETTING MACHINE 105
7.5.1 NEED FOR COST SAVINGS AND ENHANCED EFFICIENCY TO DRIVE DEMAND 105
8 METAL RECYCLING MARKET, BY SCRAP TYPE 106
8.1 INTRODUCTION 107
FIGURE 33 OLD SCRAP SEGMENT TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD 107
TABLE 24 METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 108
TABLE 25 METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 108
TABLE 26 METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 108
TABLE 27 METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 108
8.2 OLD SCRAP 109
8.2.1 OLD SCRAP SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 109
8.3 NEW SCRAP 110
8.3.1 AUTOMOTIVE INDUSTRY TO FUEL GROWTH OF NEW SCRAP SEGMENT 110
9 METAL RECYCLING MARKET, BY TYPE 111
9.1 INTRODUCTION 112
FIGURE 34 FERROUS METALS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 112
TABLE 28 METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 113
TABLE 29 METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 113
TABLE 30 METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 113
TABLE 31 METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 113
9.2 FERROUS METALS 114
9.2.1 INCREASING SCRAP CONSUMPTION AND RECYCLING RATES TO PROPEL DEMAND 114
9.3 NON-FERROUS METALS 115
9.3.1 INCREASING DEMAND FOR NON-FERROUS METALS TO DRIVE MARKET 115
10 METAL RECYCLING MARKET, BY END-USE INDUSTRY 116
10.1 INTRODUCTION 117
FIGURE 35 BUILDING & CONSTRUCTION TO BE LARGEST END USER IN METAL RECYCLING MARKET 117
TABLE 32 METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 118
TABLE 33 METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 118
TABLE 34 METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (MILLION TON) 118
TABLE 35 METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (MILLION TON) 119
10.2 BUILDING & CONSTRUCTION 119
10.2.1 INTEGRATING RECYCLED STEEL IN CONSTRUCTION TO DRIVE MARKET 119
10.3 AUTOMOTIVE 120
10.3.1 INCREASE IN ADOPTION OF ELECTRIC VEHICLES AND AUTOMAKERS’ FOCUS ON SUSTAINABILITY TO BOOST MARKET 120
10.4 EQUIPMENT MANUFACTURING 120
10.4.1 ADOPTION OF EXTENDED PRODUCER RESPONSIBILITY (EPR) PROGRAMS TO DRIVE MARKET 120
10.5 SHIPBUILDING 121
10.5.1 ENVIRONMENTAL RESPONSIBILITY IN SHIPBUILDING INDUSTRY TO SUPPORT MARKET GROWTH 121
10.6 PACKAGING 121
10.6.1 IMPLEMENTATION OF MORE STRINGENT REGULATIONS BY GOVERNMENTS TO FUEL GROWTH 121
10.7 CONSUMER APPLIANCES 122
10.7.1 INNOVATIONS IN RECYCLING TECHNOLOGIES TO SUPPORT MARKET GROWTH 122
10.8 OTHER END-USE INDUSTRIES 122
11 METAL RECYCLING MARKET, BY REGION 123
11.1 INTRODUCTION 124
FIGURE 36 METAL RECYCLING MARKET GROWTH, BY COUNTRY (2024–2029) 124
TABLE 36 METAL RECYCLING MARKET, BY REGION, 2019–2021 (USD MILLION) 125
TABLE 37 METAL RECYCLING MARKET, BY REGION, 2022–2029 (USD MILLION) 125
TABLE 38 METAL RECYCLING MARKET, BY REGION, 2019–2021 (MILLION TON) 125
TABLE 39 METAL RECYCLING MARKET, BY REGION, 2022–2029 (MILLION TON) 126
11.2 ASIA PACIFIC 126
11.2.1 RECESSION IMPACT 126
FIGURE 37 ASIA PACIFIC: METAL RECYCLING MARKET SNAPSHOT 127
TABLE 40 ASIA PACIFIC: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 127
TABLE 41 ASIA PACIFIC: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 128
TABLE 42 ASIA PACIFIC: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (MILLION TON) 128
TABLE 43 ASIA PACIFIC: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (MILLION TON) 128
TABLE 44 ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 129
TABLE 45 ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 129
TABLE 46 ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 129
TABLE 47 ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 129
TABLE 48 ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 129
TABLE 49 ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 130
TABLE 50 ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 130
TABLE 51 ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 130
TABLE 52 ASIA PACIFIC: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 130
TABLE 53 ASIA PACIFIC: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 131
TABLE 54 ASIA PACIFIC: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (MILLION TON) 131
TABLE 55 ASIA PACIFIC: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (MILLION TON) 132
11.2.2 CHINA 132
11.2.2.1 Strict environmental regulations and rapid industrialization to drive demand 132
TABLE 56 CHINA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 133
TABLE 57 CHINA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 133
TABLE 58 CHINA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 133
TABLE 59 CHINA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 133
TABLE 60 CHINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 133
TABLE 61 CHINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 134
TABLE 62 CHINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 134
TABLE 63 CHINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 134
11.2.3 INDIA 134
11.2.3.1 Growth in construction industry to fuel demand 134
TABLE 64 INDIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 135
TABLE 65 INDIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 135
TABLE 66 INDIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 135
TABLE 67 INDIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 135
TABLE 68 INDIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 136
TABLE 69 INDIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 136
TABLE 70 INDIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 136
TABLE 71 INDIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 136
11.2.4 JAPAN 137
11.2.4.1 Surge in automotive and electronics industries to drive growth 137
TABLE 72 JAPAN: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 137
TABLE 73 JAPAN: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 137
TABLE 74 JAPAN: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 137
TABLE 75 JAPAN: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 138
TABLE 76 JAPAN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 138
TABLE 77 JAPAN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 138
TABLE 78 JAPAN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 138
TABLE 79 JAPAN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 138
11.2.5 AUSTRALIA 139
11.2.5.1 Growing population and stable economic climate to support market growth 139
TABLE 80 AUSTRALIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 139
TABLE 81 AUSTRALIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 139
TABLE 82 AUSTRALIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 139
TABLE 83 AUSTRALIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 140
TABLE 84 AUSTRALIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 140
TABLE 85 AUSTRALIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 140
TABLE 86 AUSTRALIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 140
TABLE 87 AUSTRALIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 140
11.2.6 SOUTH KOREA 141
11.2.6.1 Growing construction and automotive industries to drive demand 141
TABLE 88 SOUTH KOREA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 141
TABLE 89 SOUTH KOREA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 141
TABLE 90 SOUTH KOREA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 141
TABLE 91 SOUTH KOREA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 142
TABLE 92 SOUTH KOREA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 142
TABLE 93 SOUTH KOREA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 142
TABLE 94 SOUTH KOREA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 142
TABLE 95 SOUTH KOREA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 142
11.2.7 REST OF ASIA PACIFIC 143
TABLE 96 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 143
TABLE 97 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 143
TABLE 98 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 143
TABLE 99 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 143
TABLE 100 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 144
TABLE 101 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 144
TABLE 102 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 144
TABLE 103 REST OF ASIA PACIFIC: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 144
11.3 NORTH AMERICA 145
11.3.1 IMPACT OF RECESSION 145
TABLE 104 NORTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 145
TABLE 105 NORTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 146
TABLE 106 NORTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (MILLION TON) 146
TABLE 107 NORTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (MILLION TON) 146
TABLE 108 NORTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 146
TABLE 109 NORTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 147
TABLE 110 NORTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 147
TABLE 111 NORTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 147
TABLE 112 NORTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 147
TABLE 113 NORTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 148
TABLE 114 NORTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 148
TABLE 115 NORTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 148
TABLE 116 NORTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 148
TABLE 117 NORTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 149
TABLE 118 NORTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (MILLION TON) 149
TABLE 119 NORTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (MILLION TON) 150
11.3.2 US 150
11.3.2.1 Growing construction sector to drive market 150
TABLE 120 US: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 151
TABLE 121 US: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 151
TABLE 122 US: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 151
TABLE 123 US: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 151
TABLE 124 US: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 152
TABLE 125 US: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 152
TABLE 126 US: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 152
TABLE 127 US: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 152
11.3.3 CANADA 153
11.3.3.1 Increasing electric vehicle adoption and environmental regulations to propel market 153
TABLE 128 CANADA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 153
TABLE 129 CANADA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 153
TABLE 130 CANADA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 154
TABLE 131 CANADA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 154
TABLE 132 CANADA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 154
TABLE 133 CANADA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 154
TABLE 134 CANADA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 154
TABLE 135 CANADA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 155
11.3.4 MEXICO 155
11.3.4.1 Mexico’s Green Building initiatives to fuel market growth 155
TABLE 136 MEXICO: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 155
TABLE 137 MEXICO: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 156
TABLE 138 MEXICO: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 156
TABLE 139 MEXICO: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 156
TABLE 140 MEXICO: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 156
TABLE 141 MEXICO: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 156
TABLE 142 MEXICO: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 157
TABLE 143 MEXICO: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 157
11.4 EUROPE 157
11.4.1 IMPACT OF RECESSION 158
FIGURE 38 EUROPE: METAL RECYCLING MARKET SNAPSHOT 158
TABLE 144 EUROPE: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 159
TABLE 145 EUROPE: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 159
TABLE 146 EUROPE: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (MILLION TON) 160
TABLE 147 EUROPE: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (MILLION TON) 160
TABLE 148 EUROPE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 160
TABLE 149 EUROPE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 161
TABLE 150 EUROPE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 161
TABLE 151 EUROPE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 161
TABLE 152 EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 161
TABLE 153 EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 162
TABLE 154 EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 162
TABLE 155 EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 162
TABLE 156 EUROPE: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 162
TABLE 157 EUROPE: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 163
TABLE 158 EUROPE: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (MILLION TON) 163
TABLE 159 EUROPE: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (MILLION TON) 164
11.4.2 GERMANY 164
11.4.2.1 Advancing circular economy and automotive sector to drive market 164
TABLE 160 GERMANY: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 165
TABLE 161 GERMANY: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 165
TABLE 162 GERMANY: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 165
TABLE 163 GERMANY: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 165
TABLE 164 GERMANY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 165
TABLE 165 GERMANY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 166
TABLE 166 GERMANY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 166
TABLE 167 GERMANY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 166
11.4.3 UK 166
11.4.3.1 Market characterized by significant export of scrap metals 166
TABLE 168 UK: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 167
TABLE 169 UK: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 167
TABLE 170 UK: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 167
TABLE 171 UK: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 167
TABLE 172 UK: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 168
TABLE 173 UK: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 168
TABLE 174 UK: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 168
TABLE 175 UK: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 168
11.4.4 FRANCE 169
11.4.4.1 Growing construction industry to drive market growth 169
TABLE 176 FRANCE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 169
TABLE 177 FRANCE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 169
TABLE 178 FRANCE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 170
TABLE 179 FRANCE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 170
TABLE 180 FRANCE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 170
TABLE 181 FRANCE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 170
TABLE 182 FRANCE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 170
TABLE 183 FRANCE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 171
11.4.5 ITALY 171
11.4.5.1 Growing automotive sector to fuel market growth 171
TABLE 184 ITALY: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 171
TABLE 185 ITALY: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 172
TABLE 186 ITALY: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 172
TABLE 187 ITALY: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 172
TABLE 188 ITALY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 172
TABLE 189 ITALY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 173
TABLE 190 ITALY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 173
TABLE 191 ITALY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 173
11.4.6 RUSSIA 173
11.4.6.1 Industrial strength and environmental commitment to fuel market growth 173
TABLE 192 RUSSIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 174
TABLE 193 RUSSIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 174
TABLE 194 RUSSIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 174
TABLE 195 RUSSIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 174
TABLE 196 RUSSIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 175
TABLE 197 RUSSIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 175
TABLE 198 RUSSIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 175
TABLE 199 RUSSIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 175
11.4.7 SPAIN 176
11.4.7.1 Presence of strong industrial sector to support market growth 176
TABLE 200 SPAIN: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 176
TABLE 201 SPAIN: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 176
TABLE 202 SPAIN: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 176
TABLE 203 SPAIN: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 177
TABLE 204 SPAIN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 177
TABLE 205 SPAIN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 177
TABLE 206 SPAIN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 177
TABLE 207 SPAIN: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 177
11.4.8 TURKEY 178
11.4.8.1 Flourishing steel industry to drive metal recycling 178
TABLE 208 TURKEY: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 178
TABLE 209 TURKEY: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 178
TABLE 210 TURKEY: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 179
TABLE 211 TURKEY: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 179
TABLE 212 TURKEY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 179
TABLE 213 TURKEY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 179
TABLE 214 TURKEY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 179
TABLE 215 TURKEY: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 180
11.4.9 REST OF EUROPE 180
TABLE 216 REST OF EUROPE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 180
TABLE 217 REST OF EUROPE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 180
TABLE 218 REST OF EUROPE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 181
TABLE 219 REST OF EUROPE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 181
TABLE 220 REST OF EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 181
TABLE 221 REST OF EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 181
TABLE 222 REST OF EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 182
TABLE 223 REST OF EUROPE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 182
11.5 MIDDLE EAST & AFRICA 182
11.5.1 RECESSION IMPACT 183
TABLE 224 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 183
TABLE 225 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 183
TABLE 226 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (MILLION TON) 184
TABLE 227 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (MILLION TON) 184
TABLE 228 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 184
TABLE 229 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 185
TABLE 230 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 185
TABLE 231 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 185
TABLE 232 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 185
TABLE 233 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 186
TABLE 234 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 186
TABLE 235 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 186
TABLE 236 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 186
TABLE 237 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 187
TABLE 238 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (MILLION TON) 187
TABLE 239 MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (MILLION TON) 188
11.5.2 GCC COUNTRIES 188
TABLE 240 GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 188
TABLE 241 GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 188
TABLE 242 GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 189
TABLE 243 GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 189
TABLE 244 GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 189
TABLE 245 GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 189
TABLE 246 GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 190
TABLE 247 GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 190
11.5.2.1 Saudi Arabia 190
11.5.2.1.1 Saudi Vision 2030 to play a crucial role in driving market 190
TABLE 248 SAUDI ARABIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 191
TABLE 249 SAUDI ARABIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 191
TABLE 250 SAUDI ARABIA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 191
TABLE 251 SAUDI ARABIA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 191
TABLE 252 SAUDI ARABIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 191
TABLE 253 SAUDI ARABIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 192
TABLE 254 SAUDI ARABIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 192
TABLE 255 SAUDI ARABIA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 192
11.5.2.2 UAE 192
11.5.2.2.1 Rapid urbanization and infrastructure development to drive market 192
TABLE 256 UAE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 193
TABLE 257 UAE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 193
TABLE 258 UAE: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 193
TABLE 259 UAE: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 193
TABLE 260 UAE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 194
TABLE 261 UAE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 194
TABLE 262 UAE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 194
TABLE 263 UAE: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 194
11.5.2.3 Rest of GCC countries 194
TABLE 264 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 195
TABLE 265 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 195
TABLE 266 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 195
TABLE 267 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 195
TABLE 268 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 196
TABLE 269 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 196
TABLE 270 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 196
TABLE 271 REST OF GCC COUNTRIES: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 196
11.5.3 SOUTH AFRICA 197
11.5.3.1 Government initiatives to support growth of metal recycling market 197
TABLE 272 SOUTH AFRICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 197
TABLE 273 SOUTH AFRICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 197
TABLE 274 SOUTH AFRICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 198
TABLE 275 SOUTH AFRICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 198
TABLE 276 SOUTH AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 198
TABLE 277 SOUTH AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 198
TABLE 278 SOUTH AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 198
TABLE 279 SOUTH AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 199
11.5.4 REST OF MIDDLE EAST & AFRICA 199
TABLE 280 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 199
TABLE 281 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 200
TABLE 282 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 200
TABLE 283 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 200
TABLE 284 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 200
TABLE 285 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 201
TABLE 286 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 201
TABLE 287 REST OF MIDDLE EAST & AFRICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 201
11.6 SOUTH AMERICA 201
11.6.1 IMPACT OF RECESSION 202
TABLE 288 SOUTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 202
TABLE 289 SOUTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 202
TABLE 290 SOUTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2019–2021 (MILLION TON) 203
TABLE 291 SOUTH AMERICA: METAL RECYCLING MARKET, BY COUNTRY, 2022–2029 (MILLION TON) 203
TABLE 292 SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 203
TABLE 293 SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 203
TABLE 294 SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 204
TABLE 295 SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 204
TABLE 296 SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 204
TABLE 297 SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 204
TABLE 298 SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 205
TABLE 299 SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 205
TABLE 300 SOUTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 205
TABLE 301 SOUTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 206
TABLE 302 SOUTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2019–2021 (MILLION TON) 206
TABLE 303 SOUTH AMERICA: METAL RECYCLING MARKET, BY END-USE INDUSTRY, 2022–2029 (MILLION TON) 207
11.6.2 BRAZIL 207
11.6.2.1 Growing consumer electronics industry to augment market growth 207
TABLE 304 BRAZIL: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 207
TABLE 305 BRAZIL: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 208
TABLE 306 BRAZIL: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 208
TABLE 307 BRAZIL: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 208
TABLE 308 BRAZIL: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 208
TABLE 309 BRAZIL: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 209
TABLE 310 BRAZIL: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 209
TABLE 311 BRAZIL: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 209
11.6.3 ARGENTINA 209
11.6.3.1 Government support and automotive industry growth to propel demand 209
TABLE 312 ARGENTINA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 210
TABLE 313 ARGENTINA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 210
TABLE 314 ARGENTINA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 210
TABLE 315 ARGENTINA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 210
TABLE 316 ARGENTINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 211
TABLE 317 ARGENTINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 211
TABLE 318 ARGENTINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 211
TABLE 319 ARGENTINA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 211
11.6.4 REST OF SOUTH AMERICA 212
TABLE 320 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (USD MILLION) 212
TABLE 321 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (USD MILLION) 212
TABLE 322 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2019–2021 (MILLION TON) 212
TABLE 323 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY TYPE, 2022–2029 (MILLION TON) 213
TABLE 324 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (USD MILLION) 213
TABLE 325 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (USD MILLION) 213
TABLE 326 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2019–2021 (MILLION TON) 213
TABLE 327 REST OF SOUTH AMERICA: METAL RECYCLING MARKET, BY SCRAP TYPE, 2022–2029 (MILLION TON) 214
12 COMPETITIVE LANDSCAPE 215
12.1 OVERVIEW 215
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 215
TABLE 328 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN METAL RECYCLING MARKET 215
12.3 REVENUE ANALYSIS 216
FIGURE 39 REVENUE ANALYSIS OF KEY PLAYERS (2019−2023) 216
12.4 MARKET SHARE ANALYSIS 216
FIGURE 40 ARCELORMITTAL LED METAL RECYCLING MARKET IN 2023 217
TABLE 329 METAL RECYCLING MARKE: DEGREE OF COMPETITION 217
12.5 MARKET RANKING ANALYSIS 218
FIGURE 41 RANKING OF TOP 5 PLAYERS IN METAL RECYCLING MARKET 218
12.6 COMPANY VALUATION AND FINANCIAL METRICS 219
FIGURE 42 COMPANY VALUATION (USD BILLION) 220
FIGURE 43 FINANCIAL MATRIX: EV/EBITDA RATIO 220
12.7 PRODUCT/BRAND COMPARISON 221
12.8 COMPANY EVALUATION MATRIX, KEY PLAYERS 222
12.8.1 STARS 222
12.8.2 EMERGING LEADERS 222
12.8.3 PERVASIVE PLAYERS 222
12.8.4 PARTICIPANTS 222
FIGURE 44 METAL RECYCLING MARKET: COMPANY EVALUATION MATRIX, 2023 223
12.8.5 COMPANY FOOTPRINT 224
FIGURE 45 COMPANY OVERALL FOOTPRINT (10 COMPANIES) 224
TABLE 330 COMPANY SCRAP TYPE FOOTPRINT (10 COMPANIES) 224
TABLE 331 COMPANY TYPE FOOTPRINT (10 COMPANIES) 225
TABLE 332 COMPANY END-USE INDUSTRY (10 COMPANIES) 225
TABLE 333 COMPANY REGION FOOTPRINT (10 COMPANIES) 226
12.9 COMPANY EVALUATION MATRIX, STARTUPS/SMES 226
12.9.1 PROGRESSIVE COMPANIES 226
12.9.2 RESPONSIVE COMPANIES 226
12.9.3 DYNAMIC COMPANIES 226
12.9.4 STARTING BLOCKS 227
FIGURE 46 METAL RECYCLING MARKET: STARTUP/SME EVALUATION MATRIX, 2023 227
12.10 COMPETITIVE BENCHMARKING 228
TABLE 334 METAL RECYCLING MARKET: DETAILED LIST OF KEY STARTUPS/SMES 228
TABLE 335 METAL RECYCLING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (15 COMPANIES) 229
12.11 COMPETITIVE SCENARIO 230
12.11.1 DEALS 230
TABLE 336 METAL RECYCLING MARKET: DEALS, JANUARY 2018–MAY 2024 230
12.11.2 EXPANSIONS 233
TABLE 337 METAL RECYCLING MARKET: EXPANSIONS, JANUARY 2018–MAY 2024 233
12.11.3 OTHER DEVELOPMENTS 234
TABLE 338 METAL RECYCLING MARKET: OTHER DEVELOPMENTS, JANUARY 2018–MAY 2024 234
13 COMPANY PROFILES 235
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
13.1 KEY PLAYERS 235
13.1.1 ARCELORMITTAL 235
TABLE 339 ARCELORMITTAL: COMPANY OVERVIEW 235
FIGURE 47 ARCELORMITTAL: COMPANY SNAPSHOT (2023) 236
TABLE 340 ARCELORMITTAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
TABLE 341 ARCELORMITTAL: DEALS, JANUARY 2018−MAY 2024 237
TABLE 342 ARCELORMITTAL: OTHER DEVELOPMENTS, JANUARY 2018−MAY 2024 238
13.1.2 NUCOR 240
TABLE 343 NUCOR: COMPANY OVERVIEW 240
FIGURE 48 NUCOR: COMPANY SNAPSHOT (2023) 240
TABLE 344 NUCOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
TABLE 345 NUCOR: DEALS, JANUARY 2018−MAY 2024 242
TABLE 346 NUCOR: EXPANSIONS, JANUARY 2018−MAY 2024 242
13.1.3 CMC 245
TABLE 347 CMC: COMPANY OVERVIEW 245
FIGURE 49 CMC: COMPANY SNAPSHOT (2023) 246
TABLE 348 CMC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
TABLE 349 CMC: DEALS, JANUARY 2018−MAY 2024 247
TABLE 350 CMC: EXPANSIONS, JANUARY 2018−MAY 2024 248
TABLE 351 CMC: OTHER DEVELOPMENTS, JANUARY 2018−MAY 2024 248
13.1.4 SIMS LIMITED 250
TABLE 352 SIMS LIMITED: COMPANY OVERVIEW 250
FIGURE 50 SIMS LIMITED: COMPANY SNAPSHOT (2022) 251
TABLE 353 SIMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 354 SIMS LIMITED: DEALS, JANUARY 2018−MAY 2024 252
13.1.5 AURUBIS AG 254
TABLE 355 AURUBIS AG: COMPANY OVERVIEW 254
FIGURE 51 AURUBIS AG: COMPANY SNAPSHOT (2023) 255
TABLE 356 AURUBIS AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
TABLE 357 AURUBIS AG: DEALS, JANUARY 2018−MAY 2024 257
TABLE 358 AURUBIS AG: EXPANSIONS, JANUARY 2018−MAY 2024 257
TABLE 359 AURUBIS AG: OTHER DEVELOPMENTS, JANUARY 2018−MAY 2024 258
13.1.6 DOWA HOLDINGS CO., LTD. 259
TABLE 360 DOWA HOLDINGS CO., LTD.: COMPANY OVERVIEW 259
FIGURE 52 DOWA HOLDINGS CO., LTD.: COMPANY SNAPSHOT (2023) 259
TABLE 361 DOWA HOLDINGS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260
13.1.7 TATA STEEL 261
TABLE 362 TATA STEEL: COMPANY OVERVIEW 261
FIGURE 53 TATA STEEL: COMPANY SNAPSHOT (2023) 262
TABLE 363 TATA STEEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
13.1.8 RADIUS RECYCLING, INC. 264
TABLE 364 RADIUS RECYCLING, INC.: COMPANY OVERVIEW 264
TABLE 365 RADIUS RECYCLING, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264
13.1.9 EUROPEAN METAL RECYCLING LTD. 266
TABLE 366 EUROPEAN METAL RECYCLING LTD.: COMPANY OVERVIEW 266
TABLE 367 EUROPEAN METAL RECYCLING LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
13.1.10 UPSTATE SHREDDING – WEITSMAN RECYCLING 268
TABLE 368 UPSTATE SHREDDING – WEITSMAN RECYCLING: COMPANY OVERVIEW 268
TABLE 369 UPSTATE SHREDDING – WEITSMAN RECYCLING: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 268
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS 269
13.2.1 TOTALL METAL RECYCLING, INC. 269
13.2.2 AMERICAN IRON & METAL 270
13.2.3 TOM MARTIN & COMPANY LTD. 270
13.2.4 KUUSAKOSKI RECYCLING 271
13.2.5 REMONDIS SE & CO. KG 272
13.2.6 CHIHO ENVIRONMENTAL GROUP LIMITED 273
13.2.7 METAL EXCHANGE CORPORATION 273
13.2.8 FERROUS PROCESSING & TRADING 274
13.2.9 SA RECYCLING LLC 275
13.2.10 TMS INTERNATIONAL 276
13.2.11 HUGO NEU CORPORATION 277
13.2.12 COHEN 278
13.2.13 OMNISOURCE, LLC 279
13.2.14 METALICO, INC. 280
13.2.15 ALTER TRADING 280
14 ADJACENT & RELATED MARKET 281
14.1 INTRODUCTION 281
14.2 LIMITATIONS 281
14.2.1 SOLAR PANEL RECYCLING MARKET 281
14.2.1.1 Market definition 281
14.2.1.2 Solar panel recycling market, by process 282
TABLE 370 SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION) 282
TABLE 371 SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION) 282
14.2.1.3 Solar panel recycling market, by material 283
TABLE 372 SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION) 283
TABLE 373 SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION) 283
14.2.1.4 Solar panel recycling market, by shelf life 284
TABLE 374 SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION) 284
TABLE 375 SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION) 284
14.2.1.5 Solar panel recycling market, by type 284
TABLE 376 SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION) 285
TABLE 377 SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION) 285
TABLE 378 SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS) 285
TABLE 379 SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS) 285
14.2.1.6 Solar panel recycling market, by region 286
TABLE 380 SOLAR PANEL RECYCLING MARKET, BY REGION, 2020–2023 (USD MILLION) 286
TABLE 381 SOLAR PANEL RECYCLING MARKET, BY REGION, 2024–2029 (USD MILLION) 286
TABLE 382 SOLAR PANEL RECYCLING MARKET, BY REGION, 2020–2023 (MILLION PANELS) 287
TABLE 383 SOLAR PANEL RECYCLING MARKET, BY REGION, 2024–2029 (MILLION PANELS) 287
14.2.2 RARE EARTH METALS RECYCLING MARKET 287
14.2.2.1 Market definition 287
14.2.2.2 Rare earth metals recycling market, by application 288
TABLE 384 RARE EARTH METALS RECYCLING MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 288
TABLE 385 RARE EARTH METALS RECYCLING MARKET SIZE, BY APPLICATION, 2019–2026 (METRIC TON) 288
14.2.2.3 Rare earth metals recycling market, by source 289
TABLE 386 RARE EARTH METALS RECYCLING MARKET SIZE, BY SOURCE, 2019–2026 (USD MILLION) 289
TABLE 387 RARE EARTH METALS RECYCLING MARKET SIZE, BY SOURCE, 2019–2026 (METRIC TON) 289
14.2.2.4 Rare earth metals recycling market, by technology 289
TABLE 388 RARE EARTH METALS RECYCLING MARKET SIZE, BY TECHNOLOGY, 2019–2026 (USD MILLION) 290
TABLE 389 RARE EARTH METALS RECYCLING MARKET SIZE, BY TECHNOLOGY, 2019–2026 (METRIC TON) 290
14.2.2.5 Rare earth metals recycling market, by region 290
TABLE 390 GLOBAL RARE EARTH METALS RECYCLING MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 290
TABLE 391 GLOBAL RARE EARTH METALS RECYCLING MARKET SIZE, BY REGION, 2019–2026 (METRIC TON) 291
15 APPENDIX 292
15.1 DISCUSSION GUIDE 292
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 295
15.3 CUSTOMIZATION OPTIONS 297
15.4 RELATED REPORTS 297
15.5 AUTHOR DETAILS 298
[プレスリリース]
Metal Recycling Market worth $767.9 billion by 2029
The report “Metal Recycling Market by Type (Ferrous Metals, Non-Ferrous Metals), Scrap Type (Old Scrap, New Scrap), Equipment Used (Shredder, Shear, Granulation Machine, Briquetting Machine), End-Use Industry, and Region – Global Forecast to 2029”, size is projected to grow from USD 551.9 billion in 2024 and is projected to reach USD 767.9 Billion by 2029, at a CAGR of 6.8%. The market is expected to grow alongside the expanding demand from various end-users of metal recycling worldwide. The increased use of recycled metal in sectors such as building and construction, shipbuilding, equipment manufacturing, and consumer appliances is anticipated to drive market growth during the forecast period. The Asia Pacific region, particularly China, is the fastest-growing market for metal recycling due to its high production and consumption rates. China’s extensive manufacturing sector generates significant amounts of metal scrap, fueling the growth of the recycling industry.
Browse 391 market data Tables and 53 Figures spread through 298 Pages and in-depth TOC on “Metal Recycling Market by Type (Ferrous Metals, Non-Ferrous Metals), Scrap Type (Old Scrap, New Scrap), Equipment Used (Shredder, Shear, Granulation Machine, Briquetting Machine), End-Use Industry, and Region – Global Forecast to 2029”
Ferrous Metals type segment accounted for the highest CAGR by volume during the forecast period.
Ferrous metals, primarily containing iron, include steel, carbon steel, alloy steel, cast iron, and wrought iron. Known for their magnetic properties and high tensile strength, they are essential in construction of structural frameworks, bridges, and reinforcement bars, in the automotive industry for car bodies and engines, and in industrial machinery and tools. Recycling ferrous metals involves collecting scrap from construction, demolition, automotive, and manufacturing sectors. This process conserves natural resources and reduces energy consumption and greenhouse gas emissions compared to producing new metals.
Automotive end-use industry segment accounted for the second highest CAGR by value during the forecast period.
The rise in electric vehicle (EV) adoption and the automotive industry’s focus on sustainability are major factors driving the metal recycling market. EVs require significant amounts of metals like steel, aluminum, and copper for batteries, motors, and body structures. As demand for EVs increases, recycling these metals from end-of-life vehicles and manufacturing scrap becomes crucial to meet this need sustainably. According to the Institute of Scrap Recycling Industries, the increase in the adoption of electric vehicles (EVs) has been remarkable, with 670,000 EVs sold in the first half of 2023. This will have a significant impact on the automotive end-use sector in the metal recycling market. Automakers are also prioritizing sustainability to reduce their environmental impact. This involves using recycled materials in vehicle production to conserve resources and decrease greenhouse gas emissions. By incorporating recycled metals, automakers can cut down on the energy consumption and pollution linked to extracting and processing new metals. This commitment to sustainability fuels the demand for recycled metals and encourages advancements in recycling processes and technologies. Hence, the growth of electric vehicles and the automotive industry’s sustainability efforts enhance the metal recycling market by maintaining a steady demand for recycled metals, promoting environmental benefits, and supporting the circular economy.
Europe is projected to be the second largest region in terms of value during the forecast period.
The metal recycling market in Europe is driven by several key factors. Stringent environmental regulations and EU policies aim to reduce waste and promote recycling, compelling industries to adopt sustainable practices. These regulations include directives on waste management and recycling targets that encourage metal recycling. There is a growing emphasis on sustainability and the circular economy across Europe. Increasing environmental awareness among businesses and consumers boosts the demand for recycled metals, highlighting the benefits of conserving resources, reducing energy consumption, and lowering greenhouse gas emissions. Advancements in recycling technologies have enhanced the efficiency and effectiveness of metal recycling processes, making it easier to recover high-quality metals from scrap and encouraging recycling activities. Additionally, Europe’s robust industrial and manufacturing sectors, including automotive, construction, and machinery industries, generate substantial metal scrap, which is recycled to produce new products. Recycling metals is often more cost-effective than mining and processing new ores, providing financial incentives for businesses to engage in recycling. Overall, the combination of strict environmental regulations, a focus on sustainability, technological advancements, industrial demand, and economic benefits drives the metal recycling market in Europe.
Key players
Major companies such as ArcelorMittal (Luxembourg), Nucor (US), CMC (US), Sims Limited (Australia), Aurubis AG (Germany), Dowa Holdings Co., Ltd. (Japan), Tata Steel (India), Radius Recycling, Inc. (US), European Metal Recycling Ltd. (UK), and Upstate Shredding – Weitsman Recycling (US) and other leading companies in this market.
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