Metal Recycling Market Research Report – Forecast to 2023

Metal Recycling Market Research Report – Forecast to 2023

ID: MRFR/CnM/1633-CRR | July, 2018 | Region: Global | 111 pages | Cooked Research Reports

Global Metal Recycling Market, By Metal Type (Ferrous, Non-ferrous), Scrap Metal (Old Scrap, New Scrap), By End-user (Packaging, Shipbuilding, Automotive, Construction, Others) - Forecast till 2023


The global metal recycling market size is anticipated to touch USD 434,551 million by 2023, as per an in-depth report by Market Research Future (MRFR). It is expected to expand at an 8.04% CAGR during the assessment period (2018-2023) owing to pressing demand for energy conservation and awareness regarding depletion of natural resources. Metal recycling involves the utilization of scrap metal to convert it into reusable metal without altering its properties. Scrap parts undergo the stages of sorting, processing, melting, purification, and solidification to be converted into steel. Most frequently recycled metals include stainless steel, iron, lead, zinc, lead, and copper.


Increasing demand for beverage cans is the primary driver of the market. The role recycling plays in reducing greenhouse gas emissions can augur the market demand over the forecast period. Fluctuation in steel prices can restrain market growth. But the rapid pace of urbanization and industrialization can provide opportunities for the market to thrive.


Report Overview


This report covers current events and trends in the market for metal recycling to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global The metal recycling market  segmented on the basis of metal type, scrap metal, end-user, and region with astute insights. This report has been prepared to assist industry players in making the right decisions which can culminate in fruitful returns. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.


Segment Overview


The metal recycling market  provides a comprehensive overview by analyzing its major types, namely ferrous and non-ferrous. The ferrous segment is touted to account for a large market share by 2023 owing to ferrous metals containing huge deposits of iron. They can be used for producing large motors and electrical equipment. By scrap metal, it is segmented into old and new scrap. The old scrap metal segment can be a tremendous source of market revenue owing to its easy availability.


Major end-users include packaging, shipbuilding, construction, automotive, and others. The construction segment can command a large share of the market till the end of the forecast period. The expansion of the construction industry owing to novel developmental projects can act as a catalyst for the market growth. Renovation and remodeling of old homes require a source of steel and the recycling market can cater to this demand.


The segments and sub-segments covered in the report are analyzed under four major regions – North America, Latin America, Europe, The Middle East and Africa (MEA), and Asia Pacific (APAC), with respective country-level market sizing. The standard definition of “metal recycling” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.


Players Covered


European Metal Recycling, Novelis Inc., Nucor Corporation, Tom Martin & Co. Ltd., Sims Metal Management, Kuusakoski Recycling, DOWA HOLDINGS Co., Ltd., ArcelorMittal S.A., REAL ALLOY, Norton Aluminium Ltd., Commercial Metals Company, and Aurubis AG are noteworthy players in the metal recycling market. Players are focusing on cost and providing cost-efficient recycled material to their clients to sustain their standing. Moreover, adoption of technology such as magnetic separators to expedite the production and value chain can play an instrumental role in the market.


The report offers comprehensive profiles on these market players and assesses their current standing in the metal recycling market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.


Research Methodology


Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.


Analysis Period



  • Base Year - 2017

  • Projection Period - From 2018 to 2023

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


For the scope of research, the report offers a comprehensive analysis of the global metal recycling market.


Metal Type



  • Ferrous

  • Non-ferrous


Scrap Metal



  • Old Scrap

  • New Scrap


End-user



  • Packaging

  • Shipbuilding

  • Automotive

  • Construction

  • Others


Region



  • Americas; the U.S., Canada, and Rest of Americas

  • Europe; Italy, Germany, the U.K., France, and Rest of Europe

  • Asia Pacific; India, Japan, China, and Rest of Asia Pacific

  • The Middle East and Africa


Intended Audience



  • Bearing Manufacturers

  • Distributer & Supplier Companies

  • End-users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities

Global Metal Recycling Market – Summary


The global metal recycling market size is expected to touch a USD 434,551 million valuation during the review period (2018-2023), asserts Market Research Future (MRFR). The staggering CAGR of 8.04% which the market is expecting to witness during the forecast period can be credited to the growing concerns related to the environment and the rising demand for energy and natural resources conservation.


The impact of metal recycling on the environment by reducing carbon footprint and conserving remaining natural resources can considerably spur its demand. Recycling of metal require less expending of energy than procuring metals from virgin ores. It is a technological trend that is gaining momentum across the world. Each year, a huge percentage of the global metal need is attained by about 400 million tons of recycled metal.


Consumption of beverages is also proving to be a deciding factor as the rising demand for beverages is triggering the need for metal cans, which in a domino effect is influencing the recycled metal market. The world's beer and soda consumption can generate demand for around 200 billion aluminum cans every year. This is about 6,700 cans every second. Recycled metals are an excellent solution to gratify this immense market need.


However, rapid urbanization and industrialization are have lengthened the process of appropriate metal selection. The entire process requires sorting of looked-for metals from a massive pile of waste and then taking it down to suitable size which when manually done, consumes considerable time. Furthermore, in countries such as India, there are no strict regulations regarding metal recycling. Also, India and China are increasing the metal scrap import tax which could deter the market growth.


Segmentation


The global market for recycled metal can be segmented by type, scrap metal, and end-user.


By type, the market includes ferrous and non-ferrous. The ferrous segment generated the largest market share of 59.2% in 2017 which was accounted for USD 164,667.4 million. The wide acceptance of ferrous metal is due to the burgeoning market for motor and electrical appliances. It is also going to record the fastest CAGR of 8.26% in the forecast period.


Based on scrap type, old scrap type held the maximum market share of 66.8% market share in 2017 and garnered USD 185,793.5 million. The market is expected to grow with a CAGR of 8.43% during the forecast period.


On the basis of end-users, construction segment accounted for the supreme market share of 32.4% in 2017 by achieving the market valuation of USD 90,037 million. It can register a CAGR of 8.27% in the coming years.


Regional Analysis:


Region-wise, the market includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).


The APAC dominated the market with 35.6% of the market share in 2017 with a head start compared to Europe and the Americas. Rapid economic development, increasing population, regulations implemented to support environmental protection, and waste management in the region have contributed significantly to the growth of the market. Countries such as China and India are the leading traders of metal scrap on the international platform. China lead the region with USD 45,209.7 million valuation in 2017. On the other hand, Japan is the leading consumer of ferrous and aluminum scrap.


Europe comes second with 29% of the market share in 2017. Countries such as Germany, the U.K., France, Belgium, and the Netherlands are the leading exporters and importers of ferrous and non-ferrous scrap. In addition, waste management policies outlined by the European Union have considerably reduced the negative impact on human and environmental health. The Americas only account for 19% of the market share. It can capture a larger market share in the coming years owing to regulations pertaining to recycling and waste management.


Market Competition:


Change in consumer behavior, the burgeoning construction sector, and the expanding packaging industry in the APAC and Latin American countries are opening up business possibilities for the global market.


The key players contributing in the market are Real Alloy, Nucor Corporation, Kuusakoski Recycling, Commercial Metals Company, Novelis Inc., ArcelorMittal S.A., Norton Aluminium Ltd., European Metal Recycling, and Aurubis. Sims Metal Management, DOWA HOLDINGS Co. Ltd., Tom Martin & Co Ltd, and others.

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TABLE OF CONTENTS

2.1 Definition 22

2.2 Scope of the Study 22

2.3 Market Structure 23

2.4 List of Assumptions 23

2.5 Key Takeaways 24

2.6 Key Buying Criteria 24

3.1 Research Process 26

3.2 Primary Research 26

3.3 Secondary Research 27

3.4 Market Size Estimation 28

3.5 Forecast Model 29

4.1 Introduction 31

4.2 Drivers 32

4.2.1 Rise in awareness about energy conservation and natural resources 32

4.2.2 Increasing demand for beverage cans 32

4.2.3 Decreased greenhouse gas emissions 33

4.2.4 Drivers Impact Analysis 34

4.3 Restraints 34

4.3.1 Tiring and expensive metal scrap sorting process 34

4.3.2 Fluctuation in raw material prices 34

4.3.3 Restraints Impact Analysis 35

4.4 Opportunity 36

4.4.1 Rapid industrialization and urbanization in developing nations 36

5.1 Porter’s Five Forces Analysis 38

5.1.1 Threat of New Entrants 39

5.1.2 Bargaining Power of Suppliers 39

5.1.3 Threat of Substitutes 39

5.1.4 Bargaining Power of Buyers 39

5.1.5 Segment Rivalry 39

5.2 Supply Chain Analysis 40

5.3 Ferrous Scrap Import & Export Analysis 41

5.3.1 Ferrous Scrap: Export and Import by Major Countries 41

5.3.2 South East Asia: Ferrous Scrap Export and Import, 2013-2017 43

5.3.3 Middle East: Ferrous Scrap Export and Import, 2013-2017 44

5.3.4 Africa: Ferrous Scrap Export and Import, 2013-2017 45

5.4 Aluminum Scrap Import & Export Analysis 46

5.4.1 Aluminum Scrap: Export and Import by Major Countries, 2013-2017 46

5.4.2 Southeast Asia: Aluminum Scrap Export and Import, 2013-2017 48

5.4.3 Middle East: Aluminum Scrap Export and Import, 2013-2017 49

5.4.4 Africa: Aluminum Scrap Export and Import, 2013-2017 50

5.5 Pricing Analysis 51

5.6 Manufacturing & Labor Cost Structure Analysis of Metal Recycling 52

6.1 Overview 54

6.1.1 Ferrous 54

6.1.2 Non-Ferrous 54

7.1 Overview 57

7.1.1 Old Scrap 57

7.1.2 New Scrap 57

8.1 Overview 60

8.1.1 Construction 60

8.1.2 Automotive 60

8.1.3 Shipbuilding 60

8.1.4 Packaging 61

8.1.5 Others 61

9.1 Americas 64

9.1.1 U.S. 68

9.1.2 Canada 72

9.1.3 Rest of Americas 75

9.2 Europe 78

9.2.1 Germany 84

9.2.2 U.K 87

9.2.3 Italy 91

9.2.4 Spain 95

9.2.5 Belgium 99

9.2.6 Netherlands 103

9.2.7 Rest of Europe 106

9.3 Asia Pacific 110

9.3.1 China 115

9.3.2 Japan 119

9.3.3 India 122

9.3.4 Southeast Asia 126

9.3.5 Rest of Asia Pacific 130

9.4 Middle East & Africa 133

9.4.1 Middle East 139

9.4.2 Africa 142

10.1 Competitive Landscape 147

10.2 Market Share Analysis 148

11.1 ArcelorMittal S.A. 150

11.1.1 Company Overview 150

11.1.2 Financial Overview 150

11.1.3 Products Offerings 151

11.1.4 SWOT Analysis 151

11.1.5 Key Strategy 151

11.2 Nucor Corporation 152

11.2.1 Company Overview 152

11.2.2 Financial Overview 152

11.2.3 Products Offerings 153

11.2.4 Key Developments 153

11.2.5 SWOT Analysis 153

11.2.6 Key Strategy 153

11.3 Commercial Metals Company 154

11.3.1 Company Overview 154

11.3.2 Financial Overview 154

11.3.3 Products Offerings 155

11.3.4 SWOT Analysis 155

11.3.5 Key Strategy 155

11.4 Novelis Inc. 156

11.4.1 Company Overview 156

11.4.2 Financial Overview 156

11.4.3 Products Offerings 156

11.4.4 Key Developments 157

11.4.5 SWOT Analysis 157

11.4.6 Key Strategy 157

11.5 Norton Aluminium Ltd. 158

11.5.1 Company Overview 158

11.5.2 Financial Overview 158

11.5.3 Products Offerings 158

11.5.4 SWOT Analysis 159

11.5.5 Key Strategy 159

11.6 Kuusakoski Recycling 160

11.6.1 Company Overview 160

11.6.2 Financial Overview 160

11.6.3 Products Offerings 160

11.6.4 Key Developments 161

11.6.5 SWOT Analysis 161

11.6.6 Key Strategy 161

11.7 European Metal Recycling 162

11.7.1 Company Overview 162

11.7.2 Financial Overview 162

11.7.3 Products Offerings 162

11.7.4 Key Developments 163

11.7.5 SWOT Analysis 163

11.7.6 Key Strategy 163

11.8 DOWA HOLDINGS Co., Ltd. 164

11.8.1 Company Overview 164

11.8.2 Financial Overview 164

11.8.3 Products Offerings 165

11.8.4 Key Developments 165

11.8.5 SWOT Analysis 166

11.8.6 Key Strategy 166

11.9 Aurubis 167

11.9.1 Company Overview 167

11.9.2 Financial Overview 167

11.9.3 Products Offerings 167

11.9.4 Key developments: 168

11.9.5 SWOT Analysis 168

11.9.6 Key Strategy 168

11.10 Sims Metal Management 169

11.10.1 Company Overview 169

11.10.2 Financial Overview 169

11.10.3 Products Offerings 170

11.10.4 SWOT Analysis 170

11.10.5 Key Strategy 170

11.11 REAL ALLOY 171

11.11.1 Company Overview 171

11.11.2 Financial Overview 171

11.11.3 Products Offerings 171

11.11.4 NEWS: 172

11.11.5 SWOT Analysis 172

11.11.6 Key Strategy 172

11.12 Tom Martin & Co Ltd. 173

11.12.1 Company Overview 173

11.12.2 Financial Overview 173

11.12.3 Products Offerings 173

11.12.4 SWOT Analysis 173

11.12.5 Key Strategy 173


12.1 Recycling Process 175

12.2 Scrap Metal Suppliers list 176

12.3 Scrap Recycled Metal Distributors list 177

13.1 References 181

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Global Metal Recycling Market: Competitive Landscape


The global metal recycling market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to gain market share. Intense competition, and increasing demand for recycled products are key factors that confront market growth. The vendors compete based on cost, product quality, and reliability. It is crucial for the vendors to provide cost-efficient and high-quality recycled material, to survive and succeed in an intensely competitive market environment.


ArcelorMittal S.A. is a multinational company that leads in the global steel manufacturing market. The company has its business in three major segments, which include mining, steel, and research & development. ArcelorMittal was created upon the merger of Arcelor and Mittal Steel. The company caters its steel to numerous end-use industries, such as construction, automotive, energy, transportation, packaging, and domestic appliances. ArcelorMittal has a presence throughout the mining value chain, including exploration, production, mining, collection, pulverizing, transportation, and port operations. The company has 14 operating units with mines in operation and development for iron ore and coal. The company strategizes to work with local communities in nations to build social infrastructure, ensuring long-term development projects. ArcelorMittal aims to create opportunities for sustainable regional development that will sustain the company’s mining activity. The company focuses on recycling the metals, and thus, imports scrap to convert it into useful products. The company also has plans to manage the risks to increasing the sustainability and achieving long-term commercial success.


Nucor Corporation is a leading steel manufacturer and steel recycler. The company has a wide portfolio of products in various categories, including carbon steel, fasteners, alloy steel, steel products, raw materials, and SDS products. The company recycles various raw materials, including iron ore, nonferrous metals, and steel. Nucor Corporation acquired David J. Joseph Company, which is an experienced scrap trading, recycling, and logistics company. The subsidiary operates in four business segments, including brokerage, recycling, transportation, and scrap management. The company’s long-term strategy for business development and profits earning is focused at reducing production costs and achieving leading positions in every product in the complete product portfolio.


Commercial Metals Company (CMC) is a major player in the manufacture of steel and metal products. The company manufactures, recycles, and markets steel and metal products. The company operates through four business segments, which are mills, recycling, and fabrication and construction products. CMC, annually, processes and ships more than 4 million tonnes of ferrous and non-ferrous scrap. The company buys, sells, and manages scrap, throughout the U.S. and rest of the world. The mill products offered by the company include carbon bars, spooled rebar, and cryosteel. The company uses recycled scrap as raw material for the manufacture of steel. The company employs state-of-the-art, scrap-based electric arc furnace in the steel manufacturing process. Under the recycling segment, CMC owns more than 30 scrap metal processing plants, concentrated, largely in Texas, Florida, and the southern United States. Commercial Metal Company concentrates on its core manufacturing capabilities to improve the quality of operations. In 2017, the company planned to exit international markets. Thus, it focuses on U.S., wherein it generates most of the revenue.


Novelis Inc. is the largest producer of flat-rolled aluminum products and recycler of the aluminum, in the world. The company supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial, and consumer electronics sectors throughout North America, Europe, Asia, and South America. For end-use markets, aluminum rolled products are manufactured with the help of a variety of alloy mixtures to meet specific hardness, thickness, and width. Besides, the aluminum sheets are coated and finished with various coatings. The company is a wholly owned subsidiary of Hindalco Ltd., which is a company under Aditya Birla Group. Novelis is prepared and positioned to overcome the challenges arising from can-stock market overcapacity and customer consolidation through continued favourable mix shift as automotive shipments increase further operational efficiencies and metal cost management.


Norton Aluminium is a pioneering company that specializes in the manufacture of aluminum alloys. The company has its business operations in three main categories, including alloy manufacturing, aluminum sand castings, and aluminum scrap purchasing. The company manufactures aluminum alloys including primary, secondary, and master alloys. Norton Aluminium is also engaged in aluminum scrap purchase, trading, and recycling. Norton Aluminium explores the opportunities in the rising aerospace industry, which requires various categories of metals for making aircraft and planes. Additionally, the company manufactures alloys made of aluminum sand castings for the military, aerospace, high-end engineering, and off-highway sectors, thus expanding its customer base. Its sister company Norse Precision Casting focuses on the manufacture of precision and highly decorative aluminum sand castings and polyurethane moldings. This helps the company expand its product portfolio meanwhile focusing on the customer requirements to improve the customer relations.