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Metal Recycling Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 168
  • SKU: IRTNTR44947
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The scrap metal recycling market is estimated to grow at a CAGR of 8.15% between 2022 and 2027. The size of the market is forecast to increase by 340.73 million tons. The growth of the market depends on serval factors, including an increase in the prices of raw materials, a rise in the role of metal recycling in key end-user industries, and rising concern about the impact of mining on the environment.

This report extensively covers market segmentation by type (ferrous metals and non-ferrous metals), application (construction, automotive, consumer goods, and industrial goods), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will the Size of the Scrap Metal Recycling Market be During the Forecast Period?

Scrap Metal Recycling Market Size

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Parent Market Analysis

The reports categorize the global metal recycling market as a part of the global environmental and facilities services market within the global industrials market. The global environmental and facilities services market comprises service companies providing environmental and facilities maintenance services, including waste management, facilities management, and pollution control services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Scrap Metal Recycling Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increase in prices of raw materials is notably driving the market growth, although factors such as an increase in tariffs for steel imports may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Scrap Metal Recycling Market Driver 

The increase in prices of raw materials is notably driving the market growth. While the prices of nonferrous metals have been volatile since the beginning of 2017, the prices of ferrous metals have been showing a steady upward trend. The prices of raw materials such as iron ore and coal, which are used for manufacturing steel, have also increased during the period. The prices of base metals such as aluminum and copper were more volatile, primarily owing to China's revised environmental regulations regarding the import of metals.

The volume of supply and scrap quality are the key determinants of scrap metal prices. While metals such as steel and aluminum have been imposed with import/export restrictions and tariffs in different countries such as the US, Canada, and China, the base demand-supply correlation is strong for the global scrap metal recycling market primarily due to requirements across key sectors such as healthcare, automotive, and construction. This would continue to drive the growth of the global metal recycling market during the forecast period.

Key Scrap Metal Recycling Market Trend

Innovations in the purification of scrap metal are the primary trend driving the market growth. The construction sector traditionally used asbestos in their buildings, plants, and housing structures, owing to its strength and thermal insulation properties. However, asbestos was found to cause serious health hazards to occupants when demolished through the release of asbestos fibers into the atmosphere.

Hence, regulatory bodies such as the OSHA monitor the demolition of buildings that contain asbestos. As a result, vendors are looking at innovative methods to purify contaminated steel scrap obtained primarily from the construction sector. The purification of scrap metal would further enhance the application of scrap metal recycling in the construction sector, fueling the growth of the market in focus during the forecast period.

Key Scrap Metal Recycling Market Challenge

An increase in tariffs for steel imports is the major challenge impeding the market growth. The imposition of 25% and 10% tariffs on steel and aluminum scrap imports by the US in March 2018 resulted in uncertainty in the metals industry. The imposition of tariffs was primarily expected to impact China the most, as the North American Free Trade Agreement (NAFTA) and the European Union member countries such as Canada, Mexico, and Germany were excluded.

However, the blanket tariffs were extended to all countries with effect from June 2018. The decision to increase import tariffs was taken primarily to promote the domestic production of steel and aluminum. Thus, the uncertainty in the trade of steel and aluminum among leading countries will affect the global metal recycling market during the forecast period.

Key Scrap Metal Recycling Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Scrap Metal Recycling Market Share by Geography

Global Scrap Metal Recycling Market Customer Landscape

Who are the Major Scrap Metal Recycling Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Tata Sons Pvt. Ltd. - The company offers metal recycling at their steel recycling plant at Rohtak, Haryana which is equipped with various tools such as Shredder, Baler, and Material Handler under the metal recycling segment. Under the telecommunication segment, the company offers telecommunication services, telecom infrastructure, and internet services. Additionally, the company also includes activities relating to oil and gas exploration, realty and infrastructure, business process outsourcing, defense and homeland security, and others.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Advance Hydrau-Tech Pvt. Ltd.
  • American Iron & 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.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Scrap Metal Recycling Market?

The market share growth by the ferrous metals segment will be significant during the forecast period. Steel is the most popular ferrous metal owing to its widespread application in key industries such as construction and automotive. Recycled iron and steel scrap constitute the major raw materials to produce new steel and cast-iron products. The US was the largest exporter of ferrous scrap in 2019. Its export volume of metal scrap was sourced predominantly from the automotive sector and other sources, such as material collected from used rails, ships, boats, and other vessels. Turkey was the major importer of ferrous scrap in 2021, imported primarily from the US.

Scrap Metal Recycling Market Size

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The ferrous metals segment shows a gradual increase in the market share of 256.78 million tons in 2017 and continue to grow by 2021The regulation on scrap imports in key markets such as China and India will pose a challenge to the global ferrous scrap recycling market during the initial phase of the forecast period. However, the industrial and infrastructural growth in the rapidly developing economies in South-East Asia and the Middle East will drive the demand for ferrous scrap during the forecast period.

Which are the Key Regions for the Scrap Metal Recycling Market?

Scrap Metal Recycling Market Share by Geography

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APAC is projected to contribute 33% by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC dominated the global metal recycling market. Japan was the largest exporter of ferrous scrap in the region. The total ferrous scrap imports to Asia accounted for around 32% of the global ferrous scrap imports. China was the largest consumer of nonferrous metals, specifically aluminum, copper, and zinc scrap, in 2019. China's ban on scrap imports, coupled with the Chinese government's crackdown on induction furnaces to curb the overproduction of steel, will trigger the increased use of scrap metal recycling in the country. Also, large investments in infrastructural developments in South Asian and south-east Asian countries such as Indonesia, Vietnam, India, and Thailand will drive the demand for scrap metal recycling in APAC. The growing demand for steel and the National Scrap Policy drafted by the Government of India in 2019 are expected to support the domestic ferrous scrap processing ability in the country, leveraging the growth of the market in focus in APAC during the forecast period.

The abolition of lockdown limitations in APAC was followed by the launch of vaccination efforts in 2021. As a result, end-user industries, including aerospace, construction, automotive, and others, were able to resume business operations, which further fueled the expansion of the metal recycling market in APAC during the period forecasted.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, application, and region.

  • Type Outlook ( USD Million tons, 2017 - 2027)
    • Ferrous metals
    • Non-ferrous metals
  • Application Outlook ( USD Million tons, 2017 - 2027)
    • Construction
    • Automotive
    • Consumer goods
    • Industrial goods
  • Region Outlook ( USD Million tons, 2017 - 2027)
    • APAC
      • China
      • India
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina
      • Chile

Scrap Metal Recycling Market Scope

Report Coverage

Details

Page number

168

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 (%)

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, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Scrap Metal Recycling Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the scrap metal recycling market size its contribution to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of scrap metal recycling market vendors.

 

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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

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Scrap Metal Recycling market growth will increase by $340.73 million t during 2023-2027.
              The scrap metal recycling market is expected to grow at a CAGR of 8.15% during 2023-2027.
              Technavio has segmented the scrap metal recycling market by type (Ferrous metals and Non-ferrous metals) ,application (Construction, Automotive, Consumer goods, and Industrial goods) , and geography (APAC, Europe, North America, Middle East and Africa, and South America).
              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., Texas Disposal Systems are a few of the key vendors in the scrap metal recycling market.
              APAC will register the highest growth rate of 33.1% among the other regions. Therefore, the scrap metal recycling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • Japan
              • India
              • Germany
              The key factors driving the scrap metal recycling market growth are:
              • Increase in prices of raw materials
              • Innovations in purification of scrap metal
              The scrap metal recycling market vendors should focus on grabbing business opportunities from the ferrous metals segment as it accounted for the largest market share in the base year.
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