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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
What is the market share of the building & construction segment in the recycled metal industry?
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.
How big is the global recycled metal market?
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.
Who are the major players in the recycled metal industry?
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.
How much is the U.S. recycled metal market worth?
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.