Metal Recycling Market Size Share & Growth Report

IMARC Group, a leading market research company, has recently released a report titled “Metal Recycling Market Report by Metal Type (Steel, Aluminum, Copper, and Others), Type (Ferrous Metal, Non-Ferrous Metal), End Use Industry (Building and Construction, Packaging, Automotive, Industrial Machinery, Electronics and Electrical Equipment, Shipbuilding, and Others), and Region 2025-2033”. The study provides a detailed analysis of the industry, including the global metal recycling market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global metal recycling market size reached USD 253.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 356.0 Billion by 2033, exhibiting a growth rate (CAGR) of 3.9% during 2025-2033.

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Global Metal Recycling Market in 2025

1. Growing Demand for Sustainable Practices:

The metal recycling market is growing due to a global push for sustainability. Both industries and consumers are becoming more environmentally conscious. This surge in demand for recycled metals is expected to continue. By 2025, companies will aim to lower their carbon footprints and meet strict regulations. Governments are also supporting this shift. They offer incentives for recycling and using recycled materials. This helps conserve resources and cuts energy use in metal production. Businesses that adopt efficient recycling will gain a competitive edge. They will meet consumer expectations and regulatory needs. Sustainability will drive innovation and investment in new recycling tech and plants.

2. Technological Advancements in Recycling Processes:

Technological innovation is playing a critical role in transforming the metal recycling industry. By 2024, new recycling technologies will boost metal recovery. New tech, like automated sorting and advanced shredding, will boost operations and metal quality. This, in turn, attracts manufacturers. AI and machine learning will enhance sorting, cut contamination, and increase recovery. As these technologies spread, they will lower costs and raise profits. This, likely, will draw new investments, fueling growth in metal recycling.

3. Increasing Urbanization and Infrastructure Development:

Urbanization and infrastructure development are significant factors influencing the demand for metal recycling. As cities grow, so does the demand for construction metals like steel and aluminum. By 2024, the construction sector will likely lead in metal recycling demand. Builders will seek sustainable materials more. Using recycled metals cuts environmental harm and solves supply issues. The rise in green building and sustainable design boosts this trend. It creates a strong market for recycled metals.

Construction stakeholders see the benefits of using recycled materials. As urbanization continues, the metal recycling market will grow. There is a need for sustainable infrastructure.

Metal Recycling Market Trends in 2025

In 2024, the metal recycling market is set to grow due to several trends. First, a focus on sustainability will boost partnerships between recycling firms and manufacturers. They will seek recycled metals for production. This will improve the supply chain and spark innovation in recycling tech. Second, e-waste recycling will gain importance. The demand for precious metals in electronics will drive this. As people and businesses aim for responsible disposal, recovering metals like gold, silver, and copper will be crucial.

Lastly, the recycling industry is becoming more global. This allows for sharing the best methods and technologies. It makes recycling operations more efficient. In summary, these trends will lead to growth and make the market more resilient to environmental and economic challenges.

Metal Recycling Market Report Segmentation:

By Metal Type:

• Steel

• Aluminum

• Copper

• Others

Based on the metal type, the market has been classified into steel, aluminum, copper, and others.

By Type:

• Ferrous Metal

• Non-Ferrous Metal

On the basis of type, the market has been segmented into ferrous metal and non-ferrous metal.

By End Use Industry:

• Building and Construction

• Packaging

• Automotive

• Industrial Machinery

• Electronics and Electrical Equipment

• Shipbuilding

• Others

Based on the end use industry, the market has been divided into construction, packaging, automotive, industrial machinery, electronics and electrical equipment, shipbuilding, and others.

Regional Insights:

• Asia

• North America

• Europe

• South America

• Others

Region-wise, the market is divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

Competitive Landscape with Key Players:

The competitive landscape of the metal recycling market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

• ArcelorMittal

• Aurubis AG

• Commercial Metals Company

• Dowa Holdings Co. Ltd.

• European Metal Recycling Ltd (Ausurus Group Ltd)

• Nucor Corporation

• OmniSource LLC (Steel Dynamics Inc.)

• Schnitzer Steel Industries Inc.

• Sims Limited

• Tata Steel Limited

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Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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