Global Recycled Metal Market, By Metal Type (Ferrous Metals, Non-Ferrous Metals, and Precious Metals

Published Date: May 19 | Report Code : MT1932121

X

Global Recycled Metal Market, By Metal Type (Ferrous Metals, Non-Ferrous Metals, and Precious Metals), By End User (Building & Construction, Automotive, Electrical & Electronics, Shipbuilding, Industrial Machinery, Military & Defense, Nuclear, Chemical, and Others), and By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World) – Market Size & Forecasting (2016-2028)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Materials

Report Code : MT1932121

Status : Published May 19

The Global Recycled Metal Market is projected to reach USD 971.69 billion by 2028 at a CAGR of 7.3% during the forecast period. Significant use of the product in the automotive industry and elevated demand in the Asia Pacific region are anticipated to drive the market during the forecast period. Scrap metals are generated by various industries. Hence, these industries act as a source of raw materials used in metal recycling. Scrap metals contain a lot of waste material. The scrap metal can be deformed or corroded. Hence, they are first processed to yield recycled metals. The automotive industry is the single largest source of scrap metal contributing to approximately 50% of scrap metals obtained. Among others are building & constructions, and the electronics industry. Precious metals such as platinum, palladium, gold, and silver are also recycled. The rising awareness about conservation of energy has driven industries to recycle metals, as it helps avoid over exploration and is an energy-efficient process. Hence, owing to these economic and financial benefits, recycling of metals has increased globally.Global recycled Metal Market

Steel & aluminum are the most recycled metals. Together, they constitute approximately 58% of the annual recycled metals. Approximately, 40% of steel products produced annually are made from recycled scrap steel. Aluminum is the most recycled non-ferrous metal. Around 630 million tons of aluminum were produced from recycled metals in 2017. Precious metals obtained from recycling contribute approximately 30% to jewelry produced annually. The automotive industry being a major contributor to the generation of scrap material, many companies in the market have their own scrap metal recycling units. In these units, scrap metals are processed and recycled. This recycled metal is then sent to automotive manufacturing units wherein they are reused to optimize their supplier value chain. This helps companies immensely in saving costs and increasing efficiency. In electronics, scrap metals are generated during the process of electroplating, galvanizing, and PCB manufacturing. The scrap metal is then recycled and reused again in the same processes, thereby reducing wastage and increasing organizational efficacy. The shipbuilding industry is also a major contributor to the generation of scrap metal. Scrap metal is extracted from various parts of a ship and recycled. This recycled metal is then utilized across various industries.

Recycled Metal Market

The global recycled metal market is highly consolidated in nature. Major companies account for more than 50% of recycled metals produced annually (combined). Major players in the market are investing and forming strategic partnerships to gain a monopoly over the market. For instance, Sims Metal Management acquired Morley Waste Traders, a metal recycler in the UK, which culminated in the ownership of 50 recycling facilities across the country. Such acquisitions contribute immensely in increasing the market share, thereby elevating the position of the company in the market.

Key Factors Impacting Market Growth:

  • Increasing demand in the Asia Pacific automotive industry
  • Increasing awareness about environmental degradation

What This Study Provides:

  • Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Extensive details and analysis of contracts, projects, and program
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Analysis of game-changing technological trends and how these will shape the industry
  • Explanation or political, regulatory and technical factors to consider
  • Barriers to entry analysis for markets around the world
  • Profiles of leading companies operating within the sector with market share analysis
  • SWOT analysis of the market, together with the opportunities available and the key threats faced
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • Market conclusions & recommendations

Market Segmentation:

By Metal Type:

  • Ferrous Metals
  • Non-Ferrous Metals
    • Aluminum
    • Copper
    • Lead
    • Others
  • Precious Metals

By End User:

  • Building & Construction
  • Automotive
  • Electrical & Electronics
  • Shipbuilding
  • Industrial Machinery
  • Military & Defense
  • Nuclear
  • Chemical
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Metal Type
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Metal Type
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Metal Type
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Metal Type
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Metal Type
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Metal Type
    • By End User

Companies Covered: Nucor Corporation, Aurubis Ag, Steel Dynamics, Novelis, Commercial Metal Company, Sims Metal Management, European Metal Recycling, ELG Haniel Gmbh, and Schnitzer Steel...

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR %(2019-2028)

7.3

 

Key Questions Answered By This Report:

  • How is the recycled metal market evolving?
  • What is driving and restraining recycled metal dynamics?
  • How will each recycled metal submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
  • How will market shares of each recycled metal submarket develop from 2019-2028?
  • Which recycled metal submarket will be the main driver of the overall market from 2019-2028?
  • How will political and regulatory factors influence regional recycled metal markets and submarkets?
  • Will leading national recycled metal broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
  • Who are the leading players and what are their prospects over the forecast period?
  • How will the sector evolve as alliances form during the period between 2019 and 2028?

Reasons to Buy This Report:

  • Market size estimation of the global recycled metal market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

Get Regional Report @ USD 2000 Only

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy