Non-Ferrous Scrap Metal Market Revenue was valued at USD 123.45 Billion in 2024 and is estimated to reach USD 180.67 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
The global non ferrous scrap recycling market has exhibited steady growth, with its size reaching USD 267.5 million in 2022 and projected to attain USD 345.0 million by 2030, reflecting a compound annual growth rate (CAGR) of 3.3% during the forecast period. In 2021, the Asia Pacific region dominated the market, accounting for 45.4% of the total revenue. Europe held the second largest share of global revenue in 2023, with the markets growth in this region attributed to an increasing focus on energy efficiency and carbon emission reductions. In North America, the non ferrous scrap recycling market generated revenue of USD 86.0 billion in 2023 and is expected to grow at a CAGR of 2.2% from 2024 to 2030. citeturn0search8 The markets expansion is driven by rising environmental awareness and sustainability initiatives promoting recycling to reduce carbon footprints. Technological advancements in recycling processes, such as advanced sorting and processing equipment, have enhanced efficiency and recovery rates. Furthermore, increased demand from the automotive and electronics industries for materials like aluminum and copper fuels market growth. Government policies and incentives encouraging recycling and circular economy practices also significantly boost the non ferrous scrap recycling market. Additionally, the growing consumer demand has led manufacturers to increase production of electronics, vehicles, and other products, further propelling the market.
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Sims Metal Management
OmniSource
European Metal Recycling
Schnitzer Steel Industries
Hanwa
Commercial Metals
Stena Metal International
Yechiu Group
Chiho Environmental Group
Nucor
Cohen
DOWA
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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 Non-Ferrous Scrap Metal Market
Aluminum
Copper
Lead
Zinc
Nickel
Tin
Industrial Scrap
Post-Consumer Scrap
Shredding
Shearing
Granulation
Melting
Refining
Construction
Automotive
Aerospace
Electrical and Electronics
Marine
Consumer Goods
Scrap Ingots
Turnings and Borings
Wire
Sheet and Plate
Castings
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 Non-Ferrous Scrap Metal 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 Non-Ferrous Scrap Metal Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-Ferrous Scrap Metal Market, By Type
6. Global Non-Ferrous Scrap Metal Market, By Application
7. Global Non-Ferrous Scrap Metal Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Non-Ferrous Scrap Metal Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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