RECYCLED METAL MARKET ANALYSIS

Recycled Metal Market, By Type of Metal (Ferrous Metals and Non-Ferrous Metals), By End-use Industry (Construction, Automotive, Electronics, Packaging, Energy, Manufacturing, Aerospace, and Jewelry and Art), By Source of Material (Post-Consumer Scrap, Industrial Scrap, Construction Scrap, and Obsolete Electronics), By Recycling Process (Shredding and Melting, Electrolysis, Smelting, and Hydrometallurgical Processes), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Global Recycled Metal Market- Regional Insights

North America is the largest market for recycled metal, accounting for a share of over 30% in 2023. The high recycling rate in the region, coupled with growing demand for recycled metal from the automotive, construction, and electrical & electronics industries is driving the market growth.
Asia Pacific is the fastest growing market for recycled metal, with a CAGR of over 15% during the forecast period. The rapid industrialization and urbanization in the region leads to increased demand for recycled metal from the construction, automotive, and electronics industries.
Europe is the third largest market for recycled metal, accounting for a share of over 25% in 2023. The stringent environmental regulations in the region boosts demand for recycled metal as a substitute for virgin metal.

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East