The Scrap Metal Recycling Market is projected to reach USD 71.19 billion by 2030 from USD 43.61 billion in 2022, at a CAGR of 6.31% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Scrap Metal Recycling Market.

  • Based on Scrap Type, market is studied across New Scrap and Old Scrap. The New Scrap commanded largest market share of 67.43% in 2022, followed by Old Scrap.

  • Based on Metal Type, market is studied across Ferrous and Non-Ferrous. The Ferrous is further studied across Carbon Steel, Cast Iron, Engineering Steel, and Stainless Steel. The Non-Ferrous is further studied across Aluminum, Brass, Copper, and Nickel. The Non-Ferrous commanded largest market share of 72.67% in 2022, followed by Ferrous.

  • Based on Equipment, market is studied across Briquetting Machines, Granulating Machines, Metal Analysers, Shears, and Shredders. The Briquetting Machines commanded largest market share of 27.70% in 2022, followed by Granulating Machines.

  • Based on Source, market is studied across Aerospace, Automotive, Building & Construction, Electronics Appliances, Equipment Manufacturing, and Shipbuilding. The Automotive commanded largest market share of 21.12% in 2022, followed by Building & Construction.

  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Georgia, Illinois, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Washington. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 40.12% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Scrap Metal Recycling Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Scrap Metal Recycling Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Scrap Metal Recycling Market, highlighting leading vendors and their innovative profiles. These include Al Habari Engineering, Alcoa Corporation, Andritz AG, ArcelorMittal S.A., Arfin India Limited, Audubon Metals LLC by Koch Industries, Inc., Aurubis AG, Baosteel Co., Ltd., CASS, Inc., Commercial Metals Company, Constellium SE, Crestwood Metal Corp., European Metal Recycling Limited, Ferrous Processing & Trading, Great Lakes Electronics Corporation, Hindalco Industries Limited, Hulamin Limited, Kuusakoski Oy, Matalco Inc., Metalico, Inc. by Ye Chiu Metal Recycling (China) Ltd., Norsk Hydro ASA, Nucor Corporation, Nupur Recyclers Limited, OmniSource, LLC, Palco Recycle Industries Limited, Prime Materials Recovery Inc., Radius Recycling, Real Alloy Recycling, LLC, Remondis SE & Co. KG, Rio Tinto PLC, Scepter, Inc., Sims Limited, Tom Martin & Company Ltd., Tri-Arrows Aluminum, Inc., and TRIMET SE.

The report offers valuable insights on the following aspects:

  1. Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast for the Scrap Metal Recycling Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Scrap Metal Recycling Market?
  3. What is the competitive strategic window for identifying opportunities in the Scrap Metal Recycling Market?
  4. What are the latest technology trends and regulatory frameworks in the Scrap Metal Recycling Market?
  5. What is the market share of the leading vendors in the Scrap Metal Recycling Market?
  6. Which modes and strategic moves are suitable for entering the Scrap Metal Recycling Market?