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The Global Scrap Metal Recycling market is expected to reach $92.39 billion by 2026 growing at a CAGR of 9.0% during 2019 to 2026. Scrap metal recycling is the process of recovering metals from products which have reached the end of the product life cycle. Scrap metal which is recovered is then introduced as raw material in the production of new goods. Scrap metals can be recycled repeatedly without any characteristic loss. The reuse of metals reduces the carbon footprint and helps in betterment of the environment. Scrap metal recycling and reusing helps to create a sustainable future. Scrap metal recycling reduces greenhouse gas emissions. Factors such as growing urbanization and industrialization, laws and regulations enforced by governments, and rising awareness about the effective use of natural resources are driving the market growth. Though, regulations hampering free and fair trade of scrap metal and unorganized metal waste collection are restraining the market. Development of recycling facilities in developed and developing regions, better waste collection systems, and promotion of metal recycling by manufacturers and governments are the opportunities for the Scrap Metal Recycling market. Based on application, the building & construction segment is anticipated to grow at a significant rate during the forecast period owing to the rising need to reduce the environmental impact of mining metals. This factor has encouraged the use of recycled metals in the building & construction sector. Most recycled metals used in this sector are obtained from demolition waste, which is one of the largest sources of metal waste, especially in the US. The key vendors mentioned are Alter Trading Inc., American Iron & Metal, ArcelorMittal SA, Aurubis AG, Commercial Metals Co., European Metal Recycling Ltd., Gerdau SA, Metallon Recycling Pte Ltd, Nucor Corp., OmniSource Corporation, Schnitzer Steel Industries Inc., Sims Metal Management Ltd, TKC Metal Recycling Inc., DBW Metals Recycling, and Kuusakoski. Types Covered: • Ferrous Scrap • Non-ferrous Scrap Applications Covered: • Automotive • Building & Construction • Electronics & Electrical Equipment • Industrial Machinery • Packaging • Ship Building • Residential & Commercial • Equipment Manufacturing Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Scrap Metal Recycling Market, By Type
5.1 Introduction
5.2 Ferrous Scrap
5.3 Non-ferrous Scrap
6 Global Scrap Metal Recycling Market, By Application
6.1 Introduction
6.2 Automotive
6.3 Building & Construction
6.4 Electronics & Electrical Equipment
6.5 Industrial Machinery
6.6 Packaging
6.7 Ship Building
6.8 Residential & Commercial
6.9 Equipment Manufacturing
7 Global Scrap Metal Recycling Market, By Geography
7.1 Introduction
7.2 North America
7.3 Europe
7.4 Asia Pacific
7.5 South America
7.6 Middle East & Africa
8 Strategic Benchmarking
9 Vendors Landscape
9.1 Alter Trading Inc.
9.2 American Iron & Metal
9.3 ArcelorMittal SA
9.4 Aurubis AG
9.5 Commercial Metals Co.
9.6 European Metal Recycling Ltd.
9.7 Gerdau SA
9.8 Metallon Recycling Pte Ltd
9.9 Nucor Corp.
9.10 OmniSource Corporation
9.11 Schnitzer Steel Industries Inc.
9.12 Sims Metal Management Ltd
9.13 TKC Metal Recycling Inc.
9.14 DBW Metals Recycling
9.15 Kuusakoski
List of Data Tables
1 Global Scrap Metal Recycling Market Outlook, By Region (2018-2026) ($MN)
2 Global Scrap Metal Recycling Market Outlook, By Type (2018-2026) ($MN)
3 Global Scrap Metal Recycling Market Outlook, By Ferrous Scrap (2018-2026) ($MN)
4 Global Scrap Metal Recycling Market Outlook, By Non-ferrous Scrap (2018-2026) ($MN)
5 Global Scrap Metal Recycling Market Outlook, By Application (2018-2026) ($MN)
6 Global Scrap Metal Recycling Market Outlook, By Automotive (2018-2026) ($MN)
7 Global Scrap Metal Recycling Market Outlook, By Building & Construction (2018-2026) ($MN)
8 Global Scrap Metal Recycling Market Outlook, By Electronics & Electrical Equipment (2018-2026) ($MN)
9 Global Scrap Metal Recycling Market Outlook, By Industrial Machinery (2018-2026) ($MN)
10 Global Scrap Metal Recycling Market Outlook, By Packaging (2018-2026) ($MN)
11 Global Scrap Metal Recycling Market Outlook, By Ship Building (2018-2026) ($MN)
12 Global Scrap Metal Recycling Market Outlook, By Residential & Commercial (2018-2026) ($MN)
13 Global Scrap Metal Recycling Market Outlook, By Equipment Manufacturing (2018-2026) ($MN)
14 North America Scrap Metal Recycling Market Outlook, By Type (2018-2026) ($MN)
15 North America Scrap Metal Recycling Market Outlook, By Application (2018-2026) ($MN)
16 Europe Scrap Metal Recycling Market Outlook, By Type (2018-2026) ($MN)
17 Europe Scrap Metal Recycling Market Outlook, By Application (2018-2026) ($MN)
18 Asia Pacific Scrap Metal Recycling Market Outlook, By Type (2018-2026) ($MN)
19 Asia Pacific Scrap Metal Recycling Market Outlook, By Application (2018-2026) ($MN)
20 South America Scrap Metal Recycling Market Outlook, By Type (2018-2026) ($MN)
21 South America Scrap Metal Recycling Market Outlook, By Application (2018-2026) ($MN)
22 Middle East & Africa Scrap Metal Recycling Market Outlook, By Type (2018-2026) ($MN)
23 Middle East & Africa Scrap Metal Recycling Market Outlook, By Application (2018-2026) ($MN)