Recycled Metal Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
Data Bridge Market Research analyses that the recycled metal market was valued at USD 72.20 billion in 2021 and is expected to reach USD 99.57 billion by 2029, registering a CAGR of 4.10 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Recycled metal are formed by the use of recycling process. Recycling of metal is the process in which used metal converting to the scrap and then into the final product, which is usable for the manufacturing of new products. The process of recycling helps in decreasing the solid waste which is available in the environment because if the waste is not recycled that will ultimately end up in barren landfills which leads to degradation of the environment and pollution. During the process of recycling, these steps have followed, the collection of waste, sorting out the metal, processing, shredding, and melting, after all of this it is disinfected and then converted into solid metal for manufacturing of applications.
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Scope of the Recycled Metal Market Report:
The recycled metal market is segmented on the basis of metal, scrap type, equipment and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Metal
- Non-Ferrous Metals
- Ferrous Metals
- Precious Metals
Scrap Type
- Old Scrap
- New Scrap
Equipment
- Shredders
- Shears
- Granulating Machines
- Briquetting Machines
Application
- Building and Construction
- Transport
- Industrial Machinery
- Electrical and Electronics
- Defence
- Packaging
- Consumer Goods
- Nuclear
- Military
- Jewellery
- Coins
- Chemical
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Some of the major players operating in the recycled metal market are:
- Sims Limited (US)
- Steel Dynamics Inc (US)
- Triple M Metal LP (Canada)
- Armco Metal Holdings Inc (US)
- Asahi Group Holdings Ltd (Japan)
- Aurubis AG (Germany)
- Kuusakoski (Finland)
- Hensel Recycling Group (Us)
- Befesa (Luxembourg)
- Schnitzer Steel Industries Inc. (US)
- Hawkeswood Metal recycling Ltd (UK)
- Tata Steel (India)
- Sims Lifecycle Services Inc. (US)
- BR Metals (Singapore)
- ELG Gmbh (Germany)
- Novelis (US)
- European Metal Recycling Ltd (UK)
- Nucor Corporation (US)
- DOWA Holdings CO. LTD (Japan)
- CMC (US)
Recycled Metal Market Regional Analysis/Insights
The Recycled Metal market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Recycled Metal market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Recycled Metal within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Recycled Metal market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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