Recycled Metal Market (By Metal: Non-ferrous Metals [Aluminum, Lead, Copper, Others], Ferrous Metals, Precious Metals; By End Use: Construction and Building, Electrical and Electronics, Shipbuilding, Automotive, Industrial Machinery) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 190


According to Acumen Research and Consulting, the global recycled metal market size is expected to reach around US$ 950 billion by 2026 and will grow at noteworthy CAGR around 3.8 % throughout the forecast period.

Raw materials used in metal recycling are scrap metals gathered from multiple sources. Scrap metals are removed and processed to produce recycled metals several times. Scrap metals are mainly gathered from disposed automotive, building, electronic, electrical, etc. parts. Scrap metals are provided by businesses, brokerage companies, retailers, industrial producers, municipal organisations, people, etc. that operate in the recycled metal markets.

The report provides analysis of global Recycled Metal market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

The nature of goods used in the recycled metals industry plays an significant part. There are several processing steps required for the metal scrap inventory used for recycled metal. The choice and collection of scrap therefore represents a significant challenge for the recycled metal sector. The absence of strict legislation and rules on waste flow in developing nations hinders the recycled steel industry. Lack of customer consciousness of product recycling is hindering the scrap collection process. The scrap collectors in developing nations have a significant proportion of discarded electronic products and home equipment. During a period of projection, the lack of policies aimed towards distributing finished goods to collectors should be a significant limiting factor in the recycled metals market. In addition, problems like metal robbery and consumer consciousness in the next few years are expected to adversely affect the worldwide recycling metal industry. The relatively poor quality and purity of recycled secondary metals are also probable to interfere with the need for recycled metals in the prediction.

Segmentation Outlook

In countless sectors like automotive, design & construction, marine engineering, electrical and electronics, home appliances and industrial equipment recycled materials are commonly applied. Awareness of energy preservation and natural resources worldwide plays an essential role in promoting the recycling of metals by companies. In addition, secondary metal manufacturing by recycled metals is less costly because of process energy efficiency. Therefore, the financial benefits of recycled metals increase the demand for these metals.

Steel is one of the materials that is most recycled. In multiple sectors such as cars, equipment, construction and packaging, ferrous metals (iron and steel) are used widely. Metals of iron and magnetic characteristics are ferrus metals. Iron and stainless steel is some of the world's most recycled metals. The scrap is derived from end-of-life products and fragments produced by procedures. In the steel manufacturing industry, scrap, used for the manufacturing of steel, play a major role. Approximately 40 percent of steel and iron products are produced by ferrous metal scrap.

Aluminum is one of the steel products that is extremely recycled. In 2018, there were nearly 630 million tonnes of recycled steel generated. The most frequently used non-ferrous metals are: aluminum, copper, plum, zinc, nickel, titanium, cobalt, and chromium. Every year there is recuperation of a large quantity of non-ferrous scrap. Smelters, castings and ingot manufacturers use this scrap. Copper and other metals, such as tin and nickel, should provide greater possibilities for income development among non-ferrous metals. Copper and aluminum are largely recycled in terms of quantity throughout the globe and mature markets in the United States, Japan and Western Europe are observed.

Other recycled metals include precious metals like gold, silver, platinum and palladium. Precious metals are produced at a reduced cost than ferrous and non-ferrous metals. they are more expensive. These metals are extracted from the crust of the Earth and involve high cost, as these are rare metals. However, small amounts of valuable metals are presently being recycled as a consequence of such variables as poor recycling of valuable metals as gold and platinum, recycling complexities and elevated expenses to recycle those metals.

In sectors such as construction, car design, boat building, electrical & electronics equipment, industrial equipment, home equipment, packaging and energy transmission, recycled metal can be used. Demand for recycled metals is rising in particular owing to growing demand in construction and construction sectors, industrial equipment and shipbuilding. In these sectors, the amount of laws governing the use of recycled metals is less than in the automotive and electronics sectors. But without changing its characteristics, metal can be recycled. In many apps, this makes its consumption easier.

During the prediction era, Automotive is expected to be a extremely profitable segment of the recycled metal industry. In the next few years, the sector is projected to grow at an unprecedented pace. Recycled metals are projected to increase considerably in the automotive sector because of the low price and low power in the manufacturing of secondary metals. Building and construction (especially new building) and electronics industry growth is expected to provide profitable possibilities for the recycled metal industry in the Pacific, in Asia, India, Japan, South Korea, Taiwan, Singapore and Vietnam.

The expansion in North America and Europe of the construction and manufacturing, automotive and industrial machine sectors will also provide the recycled metal industry with profitable possibilities.

Regional Stance

Asia-Pacific represented an important share of the recycled steel industry in 2017 in terms of income and quantity. It is estimated that expansion in the automotive and building & construction sectors (specially new buildings) will provide profitable market possibilities in the forecast era. In Asia-Pacific the development potential of China, India and ASEAN countries, such as Indonesia, Malaysia and Singapore, is expected to be very appealing in the world's economy. Japan South Korea, Australia and New Zealand are some of Asia Pacific's mature recycled metal markets.

In 2018, as regards sales and volumes, Europe followed Asia Pacific. During the prediction era, this trend is expected to proceed. Compared to Rest of Europe, the general recycling rates for multiple metals in the EU-28 nations are high. In Europe, domestic and imported scrap is used to contribute to the region's market share.

In North America, the United States has a substantial market share. The area has created itself as a market for metal recycling. Large parts of the requirements for recycled metals are for end users in cars, shipbuilding and industrial machinery. North America is also a leading recycled metal manufacturer.

Market Segmentation

Global Recycled Metal Market, By Metal

  • Non-ferrous Metals
    • Aluminum
    • Lead
    • Copper
    • Others
  • Ferrous Metals
  • Precious Metals

Global Recycled Metal Market, By End Use

  • Construction and Building
  • Electrical and Electronics
  • Shipbuilding
  • Automotive
  • Industrial Machinery

Global Recycled Metal Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Recycled Metal Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Recycled Metal market segments with market dynamics and their impact. The report also covers basic technology development policies.

Key Players & Strategies

The worldwide recycled metal market is used by players of various dimensions and stocks. Due to the integrated value chain, there is probably high intensity of rivalry between established players. Due to the high fixed costs and big investments made at the original phase exit barriers are high. In turn, this enhances business players ' rivalries.

Some of the major processed metal industry players are Nucor Corporation, Commercial Metal Company, European Metal Recycling, Aurubis Ag, Steel Dynamics, ELG Haniel Gmbh, Novelis, Sims Metal Management, and Schnitzer Steel.

In order to increase its presence in the sector generally, most of these actors make significant investment in forming a strategic alliance. For example, Morley Waste Traders, a major UK metal recycler, has been purchased by Sims Metal Management, resulting in the complete ownership of around 50 recycling plants in Britain. These purchases contribute greatly to the achievement of greater sector share profits.

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