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Recycled Metal Market Share

Report ID: GMI2792
Published Date: Nov 2024
Report Format: PDF

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Recycled Metal Market Share

Companies include, Nucor Corporation, a leader in steel production, has made significant contributions to the recycled metal industry by pioneering sustainable steelmaking practices, utilizing electric arc furnaces that rely heavily on recycled scrap metal. Aurubis AG stands out in the non-ferrous sector, focusing on recycling copper and other metals, while enhancing the efficiency and quality of its processes, contributing to a circular economy. Steel Dynamics has also embraced recycling, operating state-of-the-art facilities that transform scrap metal into high-quality steel products, thereby reducing the environmental footprint of its operations.

Novelis, a major player in aluminum recycling, has established itself as a leader in the automotive and packaging industries by promoting the use of recycled aluminum, significantly lowering greenhouse gas emissions. Commercial Metals Company focuses on recycling ferrous and non-ferrous metals, investing in advanced technologies to optimize recovery rates and product quality. Collectively, these companies are driving innovation and sustainability in the market.

Recycled Metal Market Companies

Major players operating in the recycled metal industry are:

Armco Metal Holdings
Asahi Holding
Befeso
Hawkeswood Metal Recycling Ltd.
Hensel Recycling
Kuusakoski Recycling
Novelis Inc.
Schnitzer Steel
Sims Metal Management
Steel Dynamics
Triple M Metal LP

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for recycled metal reached USD 128.1 billion in 2024 and is projected to grow to USD 195.7 billion by 2034, driven by a CAGR of 4.9% from 2025 to 2034.

The building & construction segment held a 37.5% market share in 2024, amounting to USD 46.1 billion, and is expected to grow at a 5.5% CAGR from 2025 to 2034, driven by the demand for sustainable materials.

The U.S. market is projected to achieve USD 14.2 billion by 2034, driven by a CAGR of 3.8% from 2025, due to increasing demand for sustainable practices and rising raw material costs.

Major players in the industry include Armco Metal Holdings, Asahi Holding, Befeso, Hawkeswood Metal Recycling Ltd., Hensel Recycling, Kuusakoski Recycling, Novelis Inc., Schnitzer Steel, and Sims Metal Management.