Scrap Recycling Market size was valued at USD 500 Billion in 2024 and is projected to reach USD 750 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The global scrap recycling market was valued at USD 55.75 billion in 2022 and is projected to expand at a CAGR of 5.1% from 2023 to 2030. The growth of the market is primarily driven by the increasing demand for recycled materials in various industries such as automotive, construction, and electronics, as well as the growing focus on reducing environmental impact and conserving natural resources. The rise in consumer awareness about sustainability and circular economy practices is also propelling the market forward. Additionally, stricter regulations and policies promoting recycling are expected to further boost the markets growth during the forecast period. In terms of regional distribution, North America and Europe dominate the global scrap recycling market, accounting for a significant share of the total market value. North America is projected to reach a market value of USD 21.34 billion by 2030, while Europe is expected to hold a market share of over 30% by the end of the forecast period. The Asia Pacific region is also witnessing robust growth, with countries like China and India significantly contributing to the expansion of the scrap recycling market. The APAC market is anticipated to grow at a CAGR of 6.3% during the forecast period, driven by the increasing industrialization and the rising demand for recycled metals in the region. Other regions such as Latin America and the Middle East & Africa are also expected to experience steady growth in the coming years due to increasing investments in recycling infrastructure.
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Republic Services
Schnitzer Steel Industries
Sims Recycling
Waste Management
American Iron & Metal
AMG Resources
Alter Trading
Azcon
Commercial Metals
European Metal Recycling
Ferrous Processing & Trading
Gerdau Ameristeel Recycling
OmniSource
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Scrap Recycling Market
Iron
Steel
Televisions
Computers
Smartphones
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
White paper
Colored paper
Passenger Car Tires
Truck Tires
Industrial Tires
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Scrap Recycling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Scrap Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Scrap Recycling Market, By Type
6. Global Scrap Recycling Market, By Application
7. Global Scrap Recycling Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Scrap Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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