Scrap Metal Recycling Market size to grow by 340.73 million tons between 2022 and 2027; Advance Hydrau-Tech Pvt. Ltd., American Iron and Metal Co. Inc., among others, identified as key vendors – Technavio

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NEW YORK, May 30, 2023 /PRNewswire/ — The scrap metal recycling market size is set to grow by 340.73 million tons from 2022 to 2027. However, the growth momentum will be progressing at a CAGR of 8.15% during the forecast period, according to Technavio. The scrap metal recycling market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  

Technavio has announced its latest market research report titled Global Scrap Metal Recycling Market 2023-2027

Advance Hydrau-Tech Pvt. Ltd., American Iron and Metal Co. Inc., ArcelorMittal SA, Aurubis AG, Cherry City Metals, Commercial Metals Co., DOWA HOLDINGS Co. Ltd., ENF Ltd., Gerdau SA, Goldstein Group, Midwest Industrial Metals, Nucor Corp., Pacific Steel and Recycling, REMONDIS SE and Co. KG, Schnitzer Steel Industries Inc., Sims Ltd., Steel Dynamics Inc., Tata Sons Pvt. Ltd., and Texas Disposal Systems are some of the major market participants – To know about the vendor offerings – Request a sample report

Scrap Metal Recycling Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The scrap metal recycling market report covers the following areas:

  • Scrap Metal Recycling Market Size
  • Scrap Metal Recycling Market Trends
  • Scrap Metal Recycling Market Industry Analysis
  • Porter’s Five Forces Analysis
  • Customer Landscape

Market Drivers

  • Increase in prices of raw materials
  • Rise in role of metal recycling in key end-user industries
  • Rising concern about impact of mining on environment

Market Trends

  • Innovations in purification of scrap metal
  • Concentration of the steel industry
  • Recycling of precious metals from smartphones

Market Challenges

  • Increase in tariffs for steel imports
  • Low recycling rates for scrap metal
  • Impact of regulations on key markets

To learn more about the global trends impacting the future of market research, download a PDF sample

Scrap Metal Recycling Market 2023-2027: Segment Analysis

  • Type 
    • Ferrous Metals
    • Non-ferrous Metals
  • Application 
    • Construction
    • Automotive
    • Consumer Goods
    • Industrial Goods
  • Geography 
    • APAC
    • Europe
    • North America
    • Middle East And Africa
    • South America

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Scrap Metal Recycling Market 2023-2027: Key Highlights

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will assist scrap metal recycling market growth during the next five years
  • Estimation of the scrap metal recycling market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the scrap metal recycling market across APAC, Europe, North America, Middle East and Africa, and South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of scrap metal recycling market vendors

Related Reports:

Metal Machining Scrap Equipment Market- The metal machining scrap equipment market is estimated to grow at a CAGR of 3.49% between 2022 and 2027. The size of the market is forecast to increase by USD 319.08 million.

Scraped Surface Heat Exchanger (SSHE) Market- The Scraped Surface Heat Exchanger (SSHE) market is estimated to grow at a CAGR of 5.37% between 2022 and 2027 and the size of the market is forecast to increase by USD 107.94 million.

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Scrap Metal Recycling Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.15%

Market growth 2023-2027

340.73 million tons

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.89

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advance Hydrau-Tech Pvt. Ltd., American Iron and Metal Co. Inc., ArcelorMittal SA, Aurubis AG, Cherry City Metals, Commercial Metals Co., DOWA HOLDINGS Co. Ltd., ENF Ltd., Gerdau SA, Goldstein Group, Midwest Industrial Metals, Nucor Corp., Pacific Steel and Recycling, REMONDIS SE and Co. KG, Schnitzer Steel Industries Inc., Sims Ltd., Steel Dynamics Inc., Tata Sons Pvt. Ltd., and Texas Disposal Systems

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022 
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (million t)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (million t)
    • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global metal recycling market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global metal recycling market 2017 – 2021 (million t)
  • 4.2 Geography Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – Geography Segment 2017 – 2021 (million t)
  • 4.3 Type Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 (million t)
  • 4.4 Application Segment Analysis 2017 – 2021
    • Exhibit 21: Historic Market Size – Application Segment 2017 – 2021 (million t)
  • 4.5 Country Segment Analysis 2017 – 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (million t)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments 
    • Exhibit 30: Chart on Type – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
  • 6.2 Comparison by Type 
    • Exhibit 32: Chart on Comparison by Type
    • Exhibit 33: Data Table on Comparison by Type
  • 6.3 Ferrous metals – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Ferrous metals – Market size and forecast 2022-2027 (million t)
    • Exhibit 35: Data Table on Ferrous metals – Market size and forecast 2022-2027 (million t)
    • Exhibit 36: Chart on Ferrous metals – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Ferrous metals – Year-over-year growth 2022-2027 (%)
  • 6.4 Non-ferrous metals – Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Non-ferrous metals – Market size and forecast 2022-2027 (million t)
    • Exhibit 39: Data Table on Non-ferrous metals – Market size and forecast 2022-2027 (million t)
    • Exhibit 40: Chart on Non-ferrous metals – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Non-ferrous metals – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Type 
    • Exhibit 42: Market opportunity by Type (million t)

7 Market Segmentation by Application

  • 7.1 Market segments 
    • Exhibit 43: Chart on Application – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Application – Market share 2022-2027 (%)
  • 7.2 Comparison by Application 
    • Exhibit 45: Chart on Comparison by Application
    • Exhibit 46: Data Table on Comparison by Application
  • 7.3 Construction – Market size and forecast 2022-2027
    • Exhibit 47: Chart on Construction – Market size and forecast 2022-2027 (million t)
    • Exhibit 48: Data Table on Construction – Market size and forecast 2022-2027 (million t)
    • Exhibit 49: Chart on Construction – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Construction – Year-over-year growth 2022-2027 (%)
  • 7.4 Automotive – Market size and forecast 2022-2027
    • Exhibit 51: Chart on Automotive – Market size and forecast 2022-2027 (million t)
    • Exhibit 52: Data Table on Automotive – Market size and forecast 2022-2027 (million t)
    • Exhibit 53: Chart on Automotive – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Automotive – Year-over-year growth 2022-2027 (%)
  • 7.5 Consumer goods – Market size and forecast 2022-2027
    • Exhibit 55: Chart on Consumer goods – Market size and forecast 2022-2027 (million t)
    • Exhibit 56: Data Table on Consumer goods – Market size and forecast 2022-2027 (million t)
    • Exhibit 57: Chart on Consumer goods – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Consumer goods – Year-over-year growth 2022-2027 (%)
  • 7.6 Industrial goods – Market size and forecast 2022-2027
    • Exhibit 59: Chart on Industrial goods – Market size and forecast 2022-2027 (million t)
    • Exhibit 60: Data Table on Industrial goods – Market size and forecast 2022-2027 (million t)
    • Exhibit 61: Chart on Industrial goods – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Industrial goods – Year-over-year growth 2022-2027 (%)
  • 7.7 Market opportunity by Application 
    • Exhibit 63: Market opportunity by Application (million t)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 67: Chart on Geographic comparison
    • Exhibit 68: Data Table on Geographic comparison
  • 9.3 APAC – Market size and forecast 2022-2027
    • Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 (million t)
    • Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 (million t)
    • Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 (million t)
    • Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 (million t)
    • Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 North America – Market size and forecast 2022-2027
    • Exhibit 77: Chart on North America – Market size and forecast 2022-2027 (million t)
    • Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 (million t)
    • Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 (million t)
    • Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (million t)
    • Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.7 South America – Market size and forecast 2022-2027
    • Exhibit 85: Chart on South America – Market size and forecast 2022-2027 (million t)
    • Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 (million t)
    • Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.8 US – Market size and forecast 2022-2027
    • Exhibit 89: Chart on US – Market size and forecast 2022-2027 (million t)
    • Exhibit 90: Data Table on US – Market size and forecast 2022-2027 (million t)
    • Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.9 China – Market size and forecast 2022-2027
    • Exhibit 93: Chart on China – Market size and forecast 2022-2027 (million t)
    • Exhibit 94: Data Table on China – Market size and forecast 2022-2027 (million t)
    • Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.10 Germany – Market size and forecast 2022-2027
    • Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 (million t)
    • Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 (million t)
    • Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.11 Japan – Market size and forecast 2022-2027
    • Exhibit 101: Chart on Japan – Market size and forecast 2022-2027 (million t)
    • Exhibit 102: Data Table on Japan – Market size and forecast 2022-2027 (million t)
    • Exhibit 103: Chart on Japan – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Japan – Year-over-year growth 2022-2027 (%)
  • 9.12 India – Market size and forecast 2022-2027
    • Exhibit 105: Chart on India – Market size and forecast 2022-2027 (million t)
    • Exhibit 106: Data Table on India – Market size and forecast 2022-2027 (million t)
    • Exhibit 107: Chart on India – Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on India – Year-over-year growth 2022-2027 (%)
  • 9.13 Canada – Market size and forecast 2022-2027
    • Exhibit 109: Chart on Canada – Market size and forecast 2022-2027 (million t)
    • Exhibit 110: Data Table on Canada – Market size and forecast 2022-2027 (million t)
    • Exhibit 111: Chart on Canada – Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on Canada – Year-over-year growth 2022-2027 (%)
  • 9.14 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography (million t)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers 
  • 10.2 Market challenges 
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends 

11 Vendor Landscape

  • 11.1 Overview 
  • 11.2 Vendor landscape 
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 American Iron and Metal Co. Inc. 
    • Exhibit 120: American Iron and Metal Co. Inc. – Overview
    • Exhibit 121: American Iron and Metal Co. Inc. – Product / Service
    • Exhibit 122: American Iron and Metal Co. Inc. – Key offerings
  • 12.4 ArcelorMittal SA 
    • Exhibit 123: ArcelorMittal SA – Overview
    • Exhibit 124: ArcelorMittal SA – Business segments
    • Exhibit 125: ArcelorMittal SA – Key news
    • Exhibit 126: ArcelorMittal SA – Key offerings
    • Exhibit 127: ArcelorMittal SA – Segment focus
  • 12.5 Aurubis AG 
    • Exhibit 128: Aurubis AG – Overview
    • Exhibit 129: Aurubis AG – Business segments
    • Exhibit 130: Aurubis AG – Key offerings
    • Exhibit 131: Aurubis AG – Segment focus
  • 12.6 Cherry City Metals 
    • Exhibit 132: Cherry City Metals – Overview
    • Exhibit 133: Cherry City Metals – Product / Service
    • Exhibit 134: Cherry City Metals – Key offerings
  • 12.7 Commercial Metals Co. 
    • Exhibit 135: Commercial Metals Co. – Overview
    • Exhibit 136: Commercial Metals Co. – Business segments
    • Exhibit 137: Commercial Metals Co. – Key offerings
    • Exhibit 138: Commercial Metals Co. – Segment focus
  • 12.8 ENF Ltd. 
    • Exhibit 139: ENF Ltd. – Overview
    • Exhibit 140: ENF Ltd. – Product / Service
    • Exhibit 141: ENF Ltd. – Key offerings
  • 12.9 Gerdau SA 
    • Exhibit 142: Gerdau SA – Overview
    • Exhibit 143: Gerdau SA – Business segments
    • Exhibit 144: Gerdau SA – Key offerings
    • Exhibit 145: Gerdau SA – Segment focus
  • 12.10 Goldstein Group 
    • Exhibit 146: Goldstein Group – Overview
    • Exhibit 147: Goldstein Group – Product / Service
    • Exhibit 148: Goldstein Group – Key offerings
  • 12.11 Midwest Industrial Metals 
    • Exhibit 149: Midwest Industrial Metals – Overview
    • Exhibit 150: Midwest Industrial Metals – Product / Service
    • Exhibit 151: Midwest Industrial Metals – Key offerings
  • 12.12 Nucor Corp. 
    • Exhibit 152: Nucor Corp. – Overview
    • Exhibit 153: Nucor Corp. – Business segments
    • Exhibit 154: Nucor Corp. – Key news
    • Exhibit 155: Nucor Corp. – Key offerings
    • Exhibit 156: Nucor Corp. – Segment focus
  • 12.13 Pacific Steel and Recycling 
    • Exhibit 157: Pacific Steel and Recycling – Overview
    • Exhibit 158: Pacific Steel and Recycling – Product / Service
    • Exhibit 159: Pacific Steel and Recycling – Key offerings
  • 12.14 Schnitzer Steel Industries Inc. 
    • Exhibit 160: Schnitzer Steel Industries Inc. – Overview
    • Exhibit 161: Schnitzer Steel Industries Inc. – Business segments
    • Exhibit 162: Schnitzer Steel Industries Inc. – Key offerings
    • Exhibit 163: Schnitzer Steel Industries Inc. – Segment focus
  • 12.15 Sims Ltd. 
    • Exhibit 164: Sims Ltd. – Overview
    • Exhibit 165: Sims Ltd. – Business segments
    • Exhibit 166: Sims Ltd. – Key offerings
    • Exhibit 167: Sims Ltd. – Segment focus
  • 12.16 Steel Dynamics Inc. 
    • Exhibit 168: Steel Dynamics Inc. – Overview
    • Exhibit 169: Steel Dynamics Inc. – Business segments
    • Exhibit 170: Steel Dynamics Inc. – Key offerings
    • Exhibit 171: Steel Dynamics Inc. – Segment focus
  • 12.17 Tata Sons Pvt. Ltd. 
    • Exhibit 172: Tata Sons Pvt. Ltd. – Overview
    • Exhibit 173: Tata Sons Pvt. Ltd. – Business segments
    • Exhibit 174: Tata Sons Pvt. Ltd. – Key offerings
    • Exhibit 175: Tata Sons Pvt. Ltd. – Segment focus

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 176: Inclusions checklist
    • Exhibit 177: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 178: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 179: Research methodology
    • Exhibit 180: Validation techniques employed for market sizing
    • Exhibit 181: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 182: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: [email protected]

Website: www.technavio.com/

Global Scrap Metal Recycling Market 2023-2027

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