Recycled Metals Market Opportunities 2031
MARKET OVERVIEW
Recycled metals are needed as a valuable resource that creates various metals products. The process of recycling metals involves collecting used or discarded metals, processing it, and creating a new metals material. Metals recycling plays a vital part in reducing the environmental impact of both mining and manufacturing, as well as conserving natural resources. It also offers economic benefits by reducing energy consumption and production cost. Indeed, the recycling of both ferrous and non-ferrous metals such as aluminium, brass, tin, bronze, cast iron, steel, and copper brings numerous benefits.
MARKET DYNAMICS
The Recycled Metals Market is expected to grow substantially during the forecast period. The global recycled metals market is experiencing accelerated growth due to several factors. The governments of various nations are emphasizing on recycling of metals by enacting various laws and regulations. These regulations often require manufacturers to procure raw materials from recycled sources, thereby promoting the use of recycled metals. However, the limited availability of scrap collection zones or recycling facilities can impede the market's growth. More collection points or recycling centres make it easier for individuals and businesses to properly dispose of their scrap metals. The unavailability of such facilities can result in a lower supply of recyclable metals, affecting the overall market growth. By recycling metals, reliance on virgin raw materials can be reduced and the need for energy-intensive mining and extraction processes can be minimized. Besides, rapid urbanization and industrialization in both developed and developing economies is anticipated to drive demand for metals in construction, infrastructure development, and manufacturing across globe. Leading metallurgy companies are opting for development of sustainable products to decarbonising their operations and meet climate change mitigation targets. For instance, in August 2021, Tata Steel entered in Steel Recycling Business, by commissioning its first recycling plant of 500 kilo tons per annum in Haryana, India. This will help in reducing the carbon emissions, energy utilization and focus on carbon neutrality.
MARKET SCOPE AND REPORT FEATURES
The "Global Recycled Metals Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by type, end-use industry, and geography. The global recycled metals market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of recycled metals worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the recycled metals market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in recycled metals market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global recycled metals market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global recycled metals market is segmented on the basis of type and end-use industry. Based on type, the recycled metals market is segmented as iron, steel, aluminium, copper, nickel, and others. On the basis of end-use industry, the market is classified as, construction, automotive and aviation, consumer durables, and others.
By type, Steel is the most recycled metals in the world, accounting for the largest share of the global recycled metals market. The growing consumption of steel in various industries, such as construction, electronics, automotive, and consumer goods, has led to an increased demand for steel over the forecast period. Due to its durability, strength, and versatility, steel is a highly sought-after material in these industries. The recycling of steel has become a critical process to meet the growing demand while reducing the need for primary steel production, saving energy, and minimizing environmental impact.
REGIONAL INSIGHTS
The report provides a detailed overview of the global recycled metals market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Asia Pacific region is leading the recycled metal market and is also anticipated to witness high growth during the forecast period. The region is experiencing high growth in the generation e-waste due to increase in number of availability of scraps. The region includes a number of developing economies experiencing high growth in recycling metals. China and India are expected to exhibit high demand during the forecast period. Furthermore, the North American region is also expected to exhibit considerable growth rate. The region’s automotive and consumer sectors have witnessed increased productivity, leading to rise in demand for recycled metals. Recycling metal reduces the need for extracting raw material and offers environmental benefits. The automotive industry, in particular, relies on recycled metal for manufacturing components and parts. This trend aligns with global efforts to promotes sustainability and reduce the environmental impact of industrial activities.
MARKET PLAYERS
Some of the key players operating in the recycled metals market include, Globe Metal, Schnitzer Steel Industries Inc, ArcelorMittal, European Metal Recycling Ltd., Norsk Hydro ASA, Hindalco Industries Limited, Tata Steel, Aurubis AG, Celsa Group, HKS Metals, Nucor Corporation, Commercial Metals Company, Sims Metal Management Limited, GFG Alliances, and Novelis among others.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, End-Use Industry, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Recycled Metal Market - By Metal
1.3.2 Recycled Metal Market - By End-user
1.3.3 Recycled Metal Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. RECYCLED METAL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. RECYCLED METAL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. RECYCLED METAL MARKET - GLOBAL MARKET ANALYSIS
6.1. RECYCLED METAL - GLOBAL MARKET OVERVIEW
6.2. RECYCLED METAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RECYCLED METAL MARKET - REVENUE AND FORECASTS TO 2028 - METAL
7.1. OVERVIEW
7.2. METAL MARKET FORECASTS AND ANALYSIS
7.3. FERROUS METALS
7.3.1. Overview
7.3.2. Ferrous Metals Market Forecast and Analysis
7.4. NON-FERROUS METALS
7.4.1. Overview
7.4.2. Non-ferrous Metals Market Forecast and Analysis
7.4.3. Aluminum Market
7.4.3.1. Overview
7.4.3.2. Aluminum Market Forecast and Analysis
7.4.4. Copper Market
7.4.4.1. Overview
7.4.4.2. Copper Market Forecast and Analysis
7.4.5. Lead Market
7.4.5.1. Overview
7.4.5.2. Lead Market Forecast and Analysis
7.4.6. Others Market
7.4.6.1. Overview
7.4.6.2. Others Market Forecast and Analysis
7.5. PRECIOUS METALS
7.5.1. Overview
7.5.2. Precious Metals Market Forecast and Analysis
8. RECYCLED METAL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AND CONSTRUCTION
8.3.1. Overview
8.3.2. Building and Construction Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. ELECTRICAL AND ELECTRONICS
8.5.1. Overview
8.5.2. Electrical and Electronics Market Forecast and Analysis
8.6. SHIPBUILDING
8.6.1. Overview
8.6.2. Shipbuilding Market Forecast and Analysis
8.7. INDUSTRIAL MACHINERY
8.7.1. Overview
8.7.2. Industrial Machinery Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. RECYCLED METAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Recycled Metal Market Overview
9.1.2 North America Recycled Metal Market Forecasts and Analysis
9.1.3 North America Recycled Metal Market Forecasts and Analysis - By Metal
9.1.4 North America Recycled Metal Market Forecasts and Analysis - By End-user
9.1.5 North America Recycled Metal Market Forecasts and Analysis - By Countries
9.1.5.1 United States Recycled Metal Market
9.1.5.1.1 United States Recycled Metal Market by Metal
9.1.5.1.2 United States Recycled Metal Market by End-user
9.1.5.2 Canada Recycled Metal Market
9.1.5.2.1 Canada Recycled Metal Market by Metal
9.1.5.2.2 Canada Recycled Metal Market by End-user
9.1.5.3 Mexico Recycled Metal Market
9.1.5.3.1 Mexico Recycled Metal Market by Metal
9.1.5.3.2 Mexico Recycled Metal Market by End-user
9.2. EUROPE
9.2.1 Europe Recycled Metal Market Overview
9.2.2 Europe Recycled Metal Market Forecasts and Analysis
9.2.3 Europe Recycled Metal Market Forecasts and Analysis - By Metal
9.2.4 Europe Recycled Metal Market Forecasts and Analysis - By End-user
9.2.5 Europe Recycled Metal Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Recycled Metal Market
9.2.5.1.1 Germany Recycled Metal Market by Metal
9.2.5.1.2 Germany Recycled Metal Market by End-user
9.2.5.2 France Recycled Metal Market
9.2.5.2.1 France Recycled Metal Market by Metal
9.2.5.2.2 France Recycled Metal Market by End-user
9.2.5.3 Italy Recycled Metal Market
9.2.5.3.1 Italy Recycled Metal Market by Metal
9.2.5.3.2 Italy Recycled Metal Market by End-user
9.2.5.4 Spain Recycled Metal Market
9.2.5.4.1 Spain Recycled Metal Market by Metal
9.2.5.4.2 Spain Recycled Metal Market by End-user
9.2.5.5 United Kingdom Recycled Metal Market
9.2.5.5.1 United Kingdom Recycled Metal Market by Metal
9.2.5.5.2 United Kingdom Recycled Metal Market by End-user
9.2.5.6 Russia Recycled Metal Market
9.2.5.6.1 Russia Recycled Metal Market by Metal
9.2.5.6.2 Russia Recycled Metal Market by End-user
9.2.5.7 Rest of Europe Recycled Metal Market
9.2.5.7.1 Rest of Europe Recycled Metal Market by Metal
9.2.5.7.2 Rest of Europe Recycled Metal Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Recycled Metal Market Overview
9.3.2 Asia-Pacific Recycled Metal Market Forecasts and Analysis
9.3.3 Asia-Pacific Recycled Metal Market Forecasts and Analysis - By Metal
9.3.4 Asia-Pacific Recycled Metal Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Recycled Metal Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Recycled Metal Market
9.3.5.1.1 Australia Recycled Metal Market by Metal
9.3.5.1.2 Australia Recycled Metal Market by End-user
9.3.5.2 China Recycled Metal Market
9.3.5.2.1 China Recycled Metal Market by Metal
9.3.5.2.2 China Recycled Metal Market by End-user
9.3.5.3 India Recycled Metal Market
9.3.5.3.1 India Recycled Metal Market by Metal
9.3.5.3.2 India Recycled Metal Market by End-user
9.3.5.4 Japan Recycled Metal Market
9.3.5.4.1 Japan Recycled Metal Market by Metal
9.3.5.4.2 Japan Recycled Metal Market by End-user
9.3.5.5 South Korea Recycled Metal Market
9.3.5.5.1 South Korea Recycled Metal Market by Metal
9.3.5.5.2 South Korea Recycled Metal Market by End-user
9.3.5.6 Rest of Asia-Pacific Recycled Metal Market
9.3.5.6.1 Rest of Asia-Pacific Recycled Metal Market by Metal
9.3.5.6.2 Rest of Asia-Pacific Recycled Metal Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Recycled Metal Market Overview
9.4.2 Middle East and Africa Recycled Metal Market Forecasts and Analysis
9.4.3 Middle East and Africa Recycled Metal Market Forecasts and Analysis - By Metal
9.4.4 Middle East and Africa Recycled Metal Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Recycled Metal Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Recycled Metal Market
9.4.5.1.1 South Africa Recycled Metal Market by Metal
9.4.5.1.2 South Africa Recycled Metal Market by End-user
9.4.5.2 Saudi Arabia Recycled Metal Market
9.4.5.2.1 Saudi Arabia Recycled Metal Market by Metal
9.4.5.2.2 Saudi Arabia Recycled Metal Market by End-user
9.4.5.3 U.A.E Recycled Metal Market
9.4.5.3.1 U.A.E Recycled Metal Market by Metal
9.4.5.3.2 U.A.E Recycled Metal Market by End-user
9.4.5.4 Rest of Middle East and Africa Recycled Metal Market
9.4.5.4.1 Rest of Middle East and Africa Recycled Metal Market by Metal
9.4.5.4.2 Rest of Middle East and Africa Recycled Metal Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Recycled Metal Market Overview
9.5.2 South and Central America Recycled Metal Market Forecasts and Analysis
9.5.3 South and Central America Recycled Metal Market Forecasts and Analysis - By Metal
9.5.4 South and Central America Recycled Metal Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Recycled Metal Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Recycled Metal Market
9.5.5.1.1 Brazil Recycled Metal Market by Metal
9.5.5.1.2 Brazil Recycled Metal Market by End-user
9.5.5.2 Argentina Recycled Metal Market
9.5.5.2.1 Argentina Recycled Metal Market by Metal
9.5.5.2.2 Argentina Recycled Metal Market by End-user
9.5.5.3 Rest of South and Central America Recycled Metal Market
9.5.5.3.1 Rest of South and Central America Recycled Metal Market by Metal
9.5.5.3.2 Rest of South and Central America Recycled Metal Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. RECYCLED METAL MARKET, KEY COMPANY PROFILES
11.1. AARON METALS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CENTURY METAL RECYCLING LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EUROPEAN METAL RECYCLING LIMITED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KUUSAKOSKI GROUP OY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NUCOR CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OMNISOURCE CORP. (STEEL DYNAMICS INC.)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SA RECYCLING LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHNITZER STEEL INDUSTRIES, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIMS METAL MANAGEMENT LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UMICORE N.V.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Aaron Metals
2. Century Metal Recycling Limited
3. European Metal Recycling Limited
4. Kuusakoski Group Oy
5. Nucor Corporation
6. OmniSource Corp. (Steel Dynamics Inc. )
7. SA Recycling LLC
8. Schnitzer Steel Industries, Inc.
9. Sims Metal Management Ltd
10. Umicore N. V.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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