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Global Scrap Metal Recycling Industry Trends Analysis Report 2024, Forecast to 2032 (Broken Down by Type, End User, Regional Analysis, and Competitive Landscape)
SKU ID : Maia-25793187 | Publishing Date : 23-Nov-2023 | No. of pages : 105
Global Scrap Metal Recycling Market size was valued at USD 390962.33 Million in 2023 and is expected to reach USD 449383.59 Million in 2032, growing at a CAGR of 1.56% from 2023 to 2032.
The metal recycling industry encompasses a wide range of metals. The more frequently recycled metals are scrap steel, iron (ISS), lead, aluminum, copper, stainless steel and zinc. There are two main categories of metals: ferrous and non-ferrous. Metals which contain iron in them are known as ferrous where metals without iron are non-ferrous.
Influence of COVID-19 Outbreak on Scrap Metal Recycling Industry Development
The impact of COVID-19 on the Scrap Metal Recycling industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged. The impact on the Scrap Metal Recycling industry depends on the prevention and control effects of COVID-19.
COVID-19 has a huge impact on the operation of the industry, of which the impact on SMES is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs, but also reduces the solvency of the enterprise and may affect production and sales. Some enterprises have difficulty operating and even go bankrupt. Therefore, we expect the Scrap Metal Recycling market to shrink this year.
Lead Recycling
Lead is always among one of the most recycled materials in terms of recovery rate. It can be remelted infinitely to remove impurities. Its fundamental properties make it easily identifiable and cost-effective to collect and recycle. More than 50 percent of lead used in the production of new lead products around the world is sourced from recycled lead. As the quality of the recycled lead is almost identical to primary lead collected directly from mining, its value and demand as a recycled material are very high.
Copper Recycling
Copper is a non-ferrous metal, and valued as the best non-precious metal conductor of electricity. The only metal with better conductive properties is silver. Copper holds as much as 90 percent of new copper value, and as such it is one of the basic targets for many scrap metal collectors.
Scrap metal prices are sluggish
The price of scrap metal has always been very important to the scrap recycling industry. If the price of scrap steel is in a downward trend for a long time, the recovery rate will decline with this trend, and it is difficult for scrap metal companies to make a profit. In recent years, due to the slowdown of China’s economic growth, the strengthening of the US dollar has reduced export competitiveness, and excessive supply of commodities such as iron ore, steel manufacturers can use it to make steel without having to use scrap steel, so the price of metals has plummeted , Leading many companies to leave this industry.
Education training and insurance
Two of the biggest challenges for the sector include education training and insurance. It is always hard to find good, skilled labor for a scrap metal recycling facility. So, businesses need to hire new labor and train them for a long time to make them competent in the field. Until and unless the company has a well-trained and skilled labor force, the overall efficiency will be diminished. Insurance is another significant challenge as the number of businesses that provide workers’ comp insurance in the industry is low at the moment.
Global Market Region Overview:
Geographically, China held the largest market share – 35.34% in 2022.
Global Market Company Overview:
European Metal Recycling Limited is one of the major players operating in the Scrap Metal Recycling market, holding a share of 1.56% in 2023.
European Metal Recycling Limited
European Metal Recycling Company is a global scrap metal company founded by Phillip Sheppard in 1994. They employ more than 4,000 employees in more than 150 locations around the world.
Sims Metal Management
Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals. The company operates through five segments: North America Metals, Investment in SA Recycling, Australia/New Zealand, Metals, Europe Metals, and Global E-Recycling. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials.
Global Market Segmentation Overview:
Among different product types, Ferrous segment is anticipated to contribute the largest market share in 2028.
Global Market End User Overview:
By application, the Electric Furnace Mills segment occupied the biggest share from 2018 to 2022.
This global Scrap Metal Recycling market research report provides a comprehensive overview by conducting both qualitative and quantitative analysis of the market, sharing concrete numbers and thorough insights from different market segments. The quantitative analysis includes both historical and forecast data of various market segments, while the qualitative analysis of market dynamics including growth drivers, challenges, constraints, etc. provides in-depth insight into the market situation and prospects.
Besides, the study maps the leading as well as the fastest-growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
As a crucial part of the Scrap Metal Recycling market, we provide competitive landscape analysis which incorporates the market ranking of the major players, along with new service/product launches, business expansions, acquisitions, and performance in the past five years. That allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
The readers of this report will understand how the Scrap Metal Recycling market status has changed across the globe under the Russia-Ukraine War and inflation.
Key players in the global Scrap Metal Recycling market are covered in Chapter 4 and Chapter 8:
Commercial Metals Company
Aurubis AG
GEM Co., Ltd.
Tata Steel Limited
Arcelormittal
Schnitzer Steel
European Metal Recycling Limited
Gezhouba Group
Dowa Holdings Co., Ltd.
David J. Joseph Company
Sims Metal Management
OmniSource Corporation
Remondis SE & Co. KG
China Resources and Environment Co., Ltd.
China Baowu Group
In Chapter 6 and Chapter 9.1, on the basis of types, the Scrap Metal Recycling market from 2019 to 2032 is primarily split into:
Ferrous
Non-Ferrous
In Chapter 7 and Chapter 9.2, on the basis of End Users, the Scrap Metal Recycling market from 2019 to 2032 covers:
Blast Furnace Mills
Electric Furnace Mills
Foundry
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical and forecast (2019-2032) of the following regions are covered in Chapter 5 and Chapter 10:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Spain
Russia
Poland
Others
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Others
Latin America
Mexico
Brazil
Others
Middle East and Africa
GCC
South Africa
Others
Outline:
This report consists of 11 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 mainly defines the market scope and introduces the Scrap Metal Recycling industry, with an executive summary of different market segments (by type, end user, region, etc.), and general regulatory environment analysis.
Chapter 2 is the analysis of the whole market industry chain, covering key raw materials and suppliers, business mode and production process, cost structure analysis, and alternative product, also providing information on major distributors, and downstream customers.
Chapter 3 provides a qualitative analysis of the market dynamics, including market drivers, constraints and challenges, emerging market trends, PESTEL analysis, consumer insights, and the impact of the Russia and Ukraine war.
Chapter 4 analyzes the current competitive situation of the market by providing data regarding the players, including their revenue and sales volume with corresponding market shares, and prices. In addition, information about market concentration rates, key product launch news, mergers & acquisitions, expansion plans will also be covered.
Chapter 5 focuses on the regional market, presenting detailed historical data (i.e. sales volume, revenue) of the most representative regions and countries in the world.
Chapters 6-7 analyze the historical market sales volume, revenue, share, and price by breaking data on the basis of different product types, as well as the downstream end-user market, with the aim of helping readers understand the market more deeply.
Chapter 8 shares a profile of the key players in the market, together with their corporation information, product portfolio and specification, market performance (i.e. sales volume, price, revenue, gross margin), business and markets served, recent developments/updates, etc.
Chapters 9-10 provide an analysis of the development trends over the next few years in terms of product type, end-users, major regions and countries.
Chapter 11 concludes with an explanation of the data sources and research methods. Analysis and verification are conducted through preliminary research to obtain final quantitative and qualitative data.
2023
The metal recycling industry encompasses a wide range of metals. The more frequently recycled metals are scrap steel, iron (ISS), lead, aluminum, copper, stainless steel and zinc. There are two main categories of metals: ferrous and non-ferrous. Metals which contain iron in them are known as ferrous where metals without iron are non-ferrous.
Influence of COVID-19 Outbreak on Scrap Metal Recycling Industry Development
The impact of COVID-19 on the Scrap Metal Recycling industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged. The impact on the Scrap Metal Recycling industry depends on the prevention and control effects of COVID-19.
COVID-19 has a huge impact on the operation of the industry, of which the impact on SMES is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs, but also reduces the solvency of the enterprise and may affect production and sales. Some enterprises have difficulty operating and even go bankrupt. Therefore, we expect the Scrap Metal Recycling market to shrink this year.
Lead Recycling
Lead is always among one of the most recycled materials in terms of recovery rate. It can be remelted infinitely to remove impurities. Its fundamental properties make it easily identifiable and cost-effective to collect and recycle. More than 50 percent of lead used in the production of new lead products around the world is sourced from recycled lead. As the quality of the recycled lead is almost identical to primary lead collected directly from mining, its value and demand as a recycled material are very high.
Copper Recycling
Copper is a non-ferrous metal, and valued as the best non-precious metal conductor of electricity. The only metal with better conductive properties is silver. Copper holds as much as 90 percent of new copper value, and as such it is one of the basic targets for many scrap metal collectors.
Scrap metal prices are sluggish
The price of scrap metal has always been very important to the scrap recycling industry. If the price of scrap steel is in a downward trend for a long time, the recovery rate will decline with this trend, and it is difficult for scrap metal companies to make a profit. In recent years, due to the slowdown of China’s economic growth, the strengthening of the US dollar has reduced export competitiveness, and excessive supply of commodities such as iron ore, steel manufacturers can use it to make steel without having to use scrap steel, so the price of metals has plummeted , Leading many companies to leave this industry.
Education training and insurance
Two of the biggest challenges for the sector include education training and insurance. It is always hard to find good, skilled labor for a scrap metal recycling facility. So, businesses need to hire new labor and train them for a long time to make them competent in the field. Until and unless the company has a well-trained and skilled labor force, the overall efficiency will be diminished. Insurance is another significant challenge as the number of businesses that provide workers’ comp insurance in the industry is low at the moment.
Global Market Region Overview:
Geographically, China held the largest market share – 35.34% in 2022.
Global Market Company Overview:
European Metal Recycling Limited is one of the major players operating in the Scrap Metal Recycling market, holding a share of 1.56% in 2023.
European Metal Recycling Limited
European Metal Recycling Company is a global scrap metal company founded by Phillip Sheppard in 1994. They employ more than 4,000 employees in more than 150 locations around the world.
Sims Metal Management
Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals. The company operates through five segments: North America Metals, Investment in SA Recycling, Australia/New Zealand, Metals, Europe Metals, and Global E-Recycling. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials.
Global Market Segmentation Overview:
Among different product types, Ferrous segment is anticipated to contribute the largest market share in 2028.
Global Market End User Overview:
By application, the Electric Furnace Mills segment occupied the biggest share from 2018 to 2022.
This global Scrap Metal Recycling market research report provides a comprehensive overview by conducting both qualitative and quantitative analysis of the market, sharing concrete numbers and thorough insights from different market segments. The quantitative analysis includes both historical and forecast data of various market segments, while the qualitative analysis of market dynamics including growth drivers, challenges, constraints, etc. provides in-depth insight into the market situation and prospects.
Besides, the study maps the leading as well as the fastest-growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
As a crucial part of the Scrap Metal Recycling market, we provide competitive landscape analysis which incorporates the market ranking of the major players, along with new service/product launches, business expansions, acquisitions, and performance in the past five years. That allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
The readers of this report will understand how the Scrap Metal Recycling market status has changed across the globe under the Russia-Ukraine War and inflation.
Key players in the global Scrap Metal Recycling market are covered in Chapter 4 and Chapter 8:
Commercial Metals Company
Aurubis AG
GEM Co., Ltd.
Tata Steel Limited
Arcelormittal
Schnitzer Steel
European Metal Recycling Limited
Gezhouba Group
Dowa Holdings Co., Ltd.
David J. Joseph Company
Sims Metal Management
OmniSource Corporation
Remondis SE & Co. KG
China Resources and Environment Co., Ltd.
China Baowu Group
In Chapter 6 and Chapter 9.1, on the basis of types, the Scrap Metal Recycling market from 2019 to 2032 is primarily split into:
Ferrous
Non-Ferrous
In Chapter 7 and Chapter 9.2, on the basis of End Users, the Scrap Metal Recycling market from 2019 to 2032 covers:
Blast Furnace Mills
Electric Furnace Mills
Foundry
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical and forecast (2019-2032) of the following regions are covered in Chapter 5 and Chapter 10:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Spain
Russia
Poland
Others
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Others
Latin America
Mexico
Brazil
Others
Middle East and Africa
GCC
South Africa
Others
Outline:
This report consists of 11 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 mainly defines the market scope and introduces the Scrap Metal Recycling industry, with an executive summary of different market segments (by type, end user, region, etc.), and general regulatory environment analysis.
Chapter 2 is the analysis of the whole market industry chain, covering key raw materials and suppliers, business mode and production process, cost structure analysis, and alternative product, also providing information on major distributors, and downstream customers.
Chapter 3 provides a qualitative analysis of the market dynamics, including market drivers, constraints and challenges, emerging market trends, PESTEL analysis, consumer insights, and the impact of the Russia and Ukraine war.
Chapter 4 analyzes the current competitive situation of the market by providing data regarding the players, including their revenue and sales volume with corresponding market shares, and prices. In addition, information about market concentration rates, key product launch news, mergers & acquisitions, expansion plans will also be covered.
Chapter 5 focuses on the regional market, presenting detailed historical data (i.e. sales volume, revenue) of the most representative regions and countries in the world.
Chapters 6-7 analyze the historical market sales volume, revenue, share, and price by breaking data on the basis of different product types, as well as the downstream end-user market, with the aim of helping readers understand the market more deeply.
Chapter 8 shares a profile of the key players in the market, together with their corporation information, product portfolio and specification, market performance (i.e. sales volume, price, revenue, gross margin), business and markets served, recent developments/updates, etc.
Chapters 9-10 provide an analysis of the development trends over the next few years in terms of product type, end-users, major regions and countries.
Chapter 11 concludes with an explanation of the data sources and research methods. Analysis and verification are conducted through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2019-2023Base Year:
2023Estimated Year:
2024Forecast Period:
2024-2032Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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