Global Non-Ferrous Metal Recycling Market Size By Sector (Construction, Automotive), By Metal (Aluminum, Copper), By Geographic Scope And Forecast

Non-Ferrous Metal Recycling Market Size And Forecast

Non-Ferrous Metal Recycling Market size was valued at USD 248.93 Million in 2024 and is projected to reach USD 338 Million by 2031, growing at a CAGR of 2.6% from 2024 to 2031.

Recycling them saves nonrenewable resources and reduces the need for additional mining. Producing new products from recycled metals saves a great deal of energy which works as the growth driver of the Global Non-Ferrous Metal Recycling Market. The Global Non-Ferrous Metal Recycling Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Non-Ferrous Metal Recycling Market Definition

Non-ferrous metals refer to metals that do not contain iron as their principal alloying element. Non-ferrous metals, which are basically more expensive than steel and iron, are extensively used because of their desirable properties, for instance, the high strength-to-weight ratio of aluminum, the high conductivity and malleability of copper, and the high resistance to corrosion of nickel and zinc. Non-ferrous metals including lead, nickel, zinc, aluminum, and copper have the ability to be recycled over and over without losing their chemical or physical properties.

This expertise further augments the demand for non-ferrous scrap, which is collected from several end-use industries and processed at recycling centers for further use. Growing society’s awareness of the environment, economy, and energy saving in terms of recycling these metals is a growth driver for the market. The non-ferrous metal recycling process begins by gathering bulky non-ferrous metals, such as clippings from the industrial manufacturing processes, aluminum beverage cans, and obsolete scrap, and baling these materials into various-sized blocks of bales. Furthermore, aluminum, which is the most abundant metal in the Earth’s crust, is one of the most recycled materials.

Recovering aluminum for recycling is not only economically viable but energy-efficient and ecologically sound. However, to be recycled appropriately several types of non-ferrous metals need to be separated from each other, as well as from other recyclables such as paper and plastic. The non-ferrous materials are hasty into large blocks to aid handling and transportation. In addition, recovered materials are melted down in a boiler, poured into casters, and shaped into solid pieces of metals. These pieces are either used in the foundry industry or they can be transformed into flat sheets and other wrought products such as tubing, which are then used to manufacture new products.

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Global Non-Ferrous Metal Recycling Market Overview

The rise in disposable income acts as a primary growth driver in the Global Non-Ferrous Metal Recycling Market. Non-ferrous metals, especially nickel, silver, copper, aluminum, and tin all share the property of being able to undergo an unlimited number of instances of recycling without losing any of their original properties. Recycling is also an economically sound decision as using already extracted materials, even for metals such as aluminum which is pretty much omnipresent, is cheaper than mining all over again.

Moreover, recycling non-ferrous metals can be a problematic task as they will not always come in their pure form. Oftentimes, they are found in all sorts of liquid and solid mixtures from which they need to be extracted and purified before further use. Three methods used majorly for non-ferrous metal recycling are electrowinning, precipitation, and non-ferrous sensors. There are several benefits to recycling non-ferrous metals in addition to their cash value. Furthermore, recycling them saves nonrenewable resources and reduces the need for additional mining. Producing new products from recycled metals saves a great deal of energy which works as the growth driver of the Global Non-Ferrous Metal Recycling Market.

In addition, aluminum, steel, and other metals need to be manually separated from other recyclable materials such as plastic and paper. Metals, especially aluminum, tend to degrade after each reuse cycle, so products using recycled metals can vary in quality, but most metals never reach a point where they are no longer recyclable. Therefore, nonferrous metals typically are lightweight and have limited strength capabilities. This stops non-ferrous metals from being used in any application where strength or heft is necessary. Due to this drawback, nonferrous metals are generally not used in industrial settings or industrial equipment which is the major restrain of the Global Non-Ferrous Metal Recycling Market.

Global Non-Ferrous Metal Recycling Market: Segmentation Analysis

The Global Non-Ferrous Metal Recycling Market is Segmented on the basis of Sector, Metal, And Geography.

Non-Ferrous Metal Recycling Market, By Sector

• Construction
• Automotive
• Consumer Goods
• Industrial Goods

Based on Sector, The market is segmented into Construction, Automotive, Consumer Goods, and Industrial Goods. The Construction segment holds the big market share. A big amount of non-ferrous scrap is collected from the construction industry, for instance, copper from pipes and tubing, aluminum from window frames, shop fronts, curtain walling, door handles, and zinc from roofing and galvanized steel products. Consumer goods are expected to witness the fastest growth rate across the forecast period on account of the increasing usage of non-ferrous metals in household appliances and rising consumer awareness of recycling.

Non-Ferrous Metal Recycling Market, By Metal

• Aluminum
• Copper
• Lead

Based on Metal, The market is segmented into Aluminum, Copper, and Lead. The Aluminum segment holds the big market share. Growing demand for recycled aluminum from construction, automotive, and packaging industries has augmented the demand for its scrap. Also, copper is expected to grow in the future. Moreover, copper is used in pipes, electric cables, and electrical components. Copper can be found in most electronic and household appliances.

Non-Ferrous Metal Recycling Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Non-Ferrous Metal Recycling Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to witness the highest CAGR during the forecast period.

Key Players

The “Global Non-Ferrous Metal Recycling Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Aurubis AG, Kuusakoski, Hindalco Industries Ltd., Matalco Inc., Sims Metal Management Inc., OmniSource Corp, Erdwich-Zerkleinerungs-Systeme GmbH, SA Recycling LLC, Arcelor Mittal, and Nucor Corporation among others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2020, Erdwich-Zerkleinerungs-Systeme GmbH, developed a plant for separating non-ferrous metals from heavy & light materials with the aim of achieving complete recovery of valuable materials.

• In May 2019, Aurubis AG acquired the Belgian-Spanish Metallo Group to continue actively pursuing its multi-metal and recycling strategy. The acquisition, with its attractive growth potential, strengthens the company’s multi-metal portfolio, especially in the key metals copper, nickel, tin, zinc, and lead.

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