The Global Metal Recycling Market reached US$ 54.5 billion in 2022 and is expected to reach US$ 92.2 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031. The Metal Recycling Market is growing during 2024-2031 due to rising demand for sustainable raw materials, increasing industrialization, and government regulations promoting recycling to reduce environmental impact. Advancements in recycling technologies, cost benefits over primary metal production, and the growing need to conserve natural resources are also driving market expansion. The Metal Recycling Market involves the collection, processing, and reuse of metals, reducing waste, conserving resources, lowering energy consumption, and supporting sustainable manufacturing across automotive, construction, and industrial sectors.\n\nIndustry News of USA and Japan: In the USA, higher tariffs and strategic acquisitions are strengthening the metal recycling sector, particularly for aluminum steel. In Japan, technological advancements in urban mining and large-scale EAF investments are driving innovation and sustainability in metal recycling and steel production.\n\nKey Players: Gerdau S/A, Nucor, Commercial Metals Company, Steel Dynamics, Schnitzer Steel Industries Inc., River Metals Recycling, ArcelorMittal, Aurubis AG, Dowa Holdings Co. Ltd, Novelis Inc.\n\nGrowth Forecast Projected: The Global Metal Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.\n\nResearch Process: Both primary and secondary data sources have been used in the global Metal Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.\n\nMarket Segmentation: By Metal: Ferrous Metals, Non-Ferrous Metals. By Mode of Recycling: Shearing, Shredding, Baling, Torching, Crushing. By End User: Automotive, Aerospace, Electrical and Electronic Equipment, Shipbuilding, Construction and Construction, Industrial Machinery and Products, Packaging Industry, Others.\n\nRegional Analysis: North America (U.S., Canada, Mexico), Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe), Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, Rest of Asia Pacific), South America (Colombia, Brazil, Argentina, Rest of South America), Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa).\n\nBenefits of the Report: A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market. Top-down and bottom-up approach for regional analysis. Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players. By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this market.\n\nThe report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Metal Recycling Market - Driving a Greener Future with

The global metal recycling market was valued at US$54.5 billion in 2022 and is projected to reach US$92.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Growth is driven by rising demand for sustainable raw materials, industrialization, government regulations promoting recycling, technological advancements, cost advantages over primary metal production, and the need to conserve natural resources. The market involves the collection, processing, and reuse of metals to reduce waste, conserve resources, lower energy consumption, and support sustainable manufacturing in sectors such as automotive, construction, and industrial machinery. In the U.S., higher tariffs and strategic acquisitions are strengthening the aluminum and steel recycling sector, while in Japan, innovations in urban mining and large-scale electric arc furnace (EAF) investments are advancing sustainability in steel production. Key players include Gerdau S/A, Nucor, Commercial Metals Company, Steel Dynamics, Schnitzer Steel Industries Inc., River Metals Recycling, ArcelorMittal, Aurubis AG, Dowa Holdings Co. Ltd, and Novelis Inc. The report uses primary and secondary data sources and includes analyses of market trends, demand-supply gaps, SWOT, PESTEL, Porter’s five forces, and value chain insights to provide strategic intelligence for stakeholders.