Renewable energy solutions drive Scrap metal recycling market from USD 63.66 billion in 2025
Global scrap metal recycling market
• By Metal Type, Ferrous metals segment are predicted to dominate the market due to their widespread application in the building and manufacturing industries.
• By Source, Industrial scrap division is expected to have a greater market share than post-consumer scrap due to consistent industrial output and manufacturing operations.
• By application, the building and construction sector is the largest user of recycled metals, owing to the growing emphasis on sustainable construction practices.
• Asia Pacific is expected to be the prominent region in the scrap metal recycling market, driven by rising industrialization and urbanization in countries such as China and India.
• North America, which accounts for 12% of the market in 2022, is predicted to rise steadily, aided by better recycling technologies and infrastructure.
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Emerging Markets and Renewable Energy in Scrap Metal Recycling
A new report by Coherent Market Insights outlines significant trends in Scrap metal recycling market. Developing economies, growing demand for electronic products and renewable energy solutions fuels demand for scrap metal recycling market.
Quality Issues and Regulatory Matters
Recycled metals could experience problems of quality and consistency, which may restrict their applicability to high-specification products. Fluctuations in the material characteristics of recycled metals would impact their use in industries with critical requirements. The level of regulation concerning recycling procedure and international trade of scrap metals differs among regions. The disparities complicate matters for players in the global market to homogenize practice and compliance across borders.
Opportunities for Growth
The emerging markets provide significant growth opportunities as their manufacturing sectors grow and recycling techniques become more common. In addition, increased research into new uses for metals recycled, especially in high-growth sectors like renewables and electronics, should create new streams of revenue. The increasing demand for electronic goods and renewable energy products, including solar panels and wind turbines, is fuelling the demand for sustainable materials, providing a precious opportunity for recycled metals.
Emerging Market Trend:
• Innovative technologies and sustainable solutions such as machine learning, predictive analytics, and IoT-enabled sensors are used for more efficient sorting and processing of scrap materials. IoT sensors market size was valued at USD 38.15 billion in 2023 and is poised to grow from USD 47.92 billion in 2024 to USD 296.76 billion by 2032.
• Emphasis on greener options, like creating 100% recyclable products, making steel from 100% recycled material, and creating building materials from waste plastics are making recycling a more sustainable process. Logical market forecasts estimated the global construction materials market is expected to be worth USD 1.57 Tn in 2025.
Analyst’s View
“The market for scrap metal recycling is on the rise, led by a combination of sustainability initiatives, technological advancements, and economic conditions that benefit recycled products. But overcoming quality control and regulatory issues will be key to players who want to ride this growth.” said senior analyst Vidyesh Swar.
Key Market Players:
- Ferrous Processing & Trading
- TMS International Corporation
- KWS Environmental
- SA Recycling, LLC
- Daiki Aluminum Industry Co., Ltd.
- Sims Metal Management
- ArcelorMittal
- Nucor Corporation
Recent Developments
In 2022, SA Recycling, LLC expanded its operations by acquiring additional recycling facilities across the U.S., aiming to enhance its capacity to process ferrous and non-ferrous metals.
In March 2023, Ferrous Processing & Trading introduced a new sorting technology that uses artificial intelligence (AI) to improve the quality and efficiency of their recycling processes.
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