Global Non-ferrous Scrap Recycling Market by Sector (Consumer Goods, Automotive, Industrial Goods, Construction), by Metal (Copper, Lead, Aluminum) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global non-ferrous scrap recycling industry was worth USD 246,9 million. It is projected to grow at 2.8% compound annual growth rate (CAGR), between 2020 and 2027. Market growth is expected to be driven by the increasing demand for nonferrous scrap in secondary manufacturing and end-use industries. Manufacturers have increased their production of electronic, vehicle, and other products in response to growing consumer demand. The rapid industrialization of the world has also led to a growing demand for non-ferrous waste. This has led to a greater emphasis on its collection and recycling. European Aluminum, for example, released the "Circular Aluminum Act Plan", which aims to realize the full potential of aluminium in a circular economy by 2030.

There are many opportunities for European industrial and environmental recycling of aluminum. If the right policy framework is in place, 50.0% of Europe’s aluminum needs can be met by post-consumer recycled. This plan's positive side is the high aluminum recycling rate in Europe. It is more than 90.0% for the automotive and building industries and 75.0% for beverage cans.

Non-ferrous metals such as aluminum, copper and lead, as well as nickel and zinc, can be recycled repeatedly without losing their physical or chemical properties. This makes non-ferrous scrap more popular. It is collected from different end-use industries and then processed at recycling centers for further usage. This market is growing because of rising awareness in society about the environment, economy, as well as energy savings.

While non-ferrous metals have a smaller volume share than ferrous, their value share is much higher. This large revenue share is due in part to the higher market prices than ferrous. Recycling is also important to lower manufacturing costs. These metals are expensive, so consumers find it motivating to recycle. They can get a fair price from nonferrous scrap dealers for their products. This is how they can extract metals such as aluminum and copper.

Due to the widespread spread of covid-19, the market's growth in volume and revenue is on the verge of a decline. Despite the lockdown, non-ferrous scrap demand has dropped dramatically. While recycling is an essential service in many countries, it has been steadily declining due to low manufacturing activity, limited transportation and social distancing protocols.

The unavailability and decline in scrap exports from the United States has been attributed to the lack of containers. Due to a lack of workers and government protocol, European manufacturing activities are operating at a very low capacity, which means that there is less demand for nonferrous scrap. Social distancing and other factors have forced recycling companies to stop collecting non-ferrous scrap from third party. Many non-ferrous scrap yards have been forced to close due to these measures.

Sector Insights

Construction dominated the market with a 36.0% revenue share in 2019. The four main sectors for non-ferrous scrap collection are construction, automotive and consumer goods. The construction industry collects a lot of non-ferrous scrap. This includes copper from pipes and tubing, aluminum from shop fronts, window frames, curtain walls, door handles and other structures, as well as zinc from roofing and galvanized metal products.

Construction is expected to have a slower growth rate than other sectors, despite its largest share. This is due to the long life span of non-ferrous structures and the durability of these materials. The sector is expected to be the largest in the market due to rapid industrialization and infrastructure developments that make use of non-ferrous materials.

The fastest rate of growth in consumer goods is expected to be during the forecast period. This is due to the increasing use of non-ferrous materials in household appliances, and the rising awareness of consumers towards recycling. Appliances and electronics have a short life span so it is best to recycle them. Copper tubing is recyclable in appliances such as fridges, dryers and dishwashers .

In 2019, automotive accounted for the second largest volume share. Despite the decrease in automobile production over the past few years, millions of vehicles are discarded each year across the globe. The reliable source of recycling is automotive, with over 25.0 millions tons of materials being recycled every year from cars. The most commonly recycled item in America is the automobile. The United States recycles more than 12 million cars each year, while Europe only manages around 8 million.

Metal Insights

Aluminum was the dominant non-ferrous scrap market in 2019, holding the largest volume share at 48.0%. The demand for aluminum scrap has increased due to the increasing demand from construction, automotive and packaging industries. In August 2019, for example, the demand for recycled aluminium grew 800 basis points in India compared to three years ago. Packaging is the second largest contributor to aluminum scrap. About 70-90% of aluminum cans are processed in developed countries, while worldwide processing is close to 50.0%.

Copper is the most expensive of all non-ferrous metals. Copper is widely used in construction and consumer goods industries due to its ability to conduct electricity. Copper is used in electric cables and other electrical components. Most household and electronic appliances contain copper. A computer, for example, contains 1.5 kg of copper. Recycled copper makes up around 90% of the copper used in civil infrastructure.

Lead is a non-ferrous metal that can be recycled the most. The main raw material for the manufacture of new lead products is recycled lead. The main use of lead is in batteries, where the recovery rate for this material is 100%. According to Battery Council International, EUROBAT and Battery Council International, the lead-acid batteries are the most commonly recycled consumer product. Most lead scrap comes from automobile batteries. However, it can also be obtained from the construction sector due to its use as lead sheets.

Regional Insights

Asia Pacific was the dominant market, accounting for 45.4% of the total revenue in 2019. In terms of recycling, India is expected to experience a significant increase in its market share in Asia Pacific over the forecast period. India produces a lot of non-ferrous metals scrap. However, due to a lack of organization and insufficient awareness, most of this scrap ends up in landfills instead than being recycled. India has a rate of 25.0%. This is compared to 45.0% global average. These statistics show the enormous potential of the market to grow. In 2016, the country produced 120 kilotons aluminum scrap, with major contributors being the automotive and power industries.

North America accounted for more than 20.0% of the global market's revenue in 2019. The region's growth and share is largely due to the U.S. recycling industry. According to the Institute of Scrap Recycling Industries, Inc., non-ferrous scrap accounts for almost half of the total value of recycled materials traded in the United States. It is an important importer and exporter for aluminum scrap, and one of the top producers of secondary aluminum worldwide.

In 2019, Europe accounted for the second largest revenue share. Technological advancements in scrap generation and processing are responsible for the region's growth. For example, in April 2020, with an aim towards achieving complete recovery of valuable materials, Erdwich-Zerkleinerungs-Systeme GmbH, developed a plant for separating non-ferrous metals from heavy & light materials.

As Europe is the largest exporter of nonferrous metal scrap, recycling is of vital importance in this region. France, Germany, the United Kingdom and France are the top five global exporters of aluminum scrap. Europe is the main market for aluminum scrap, accounting for a large share of global consumption. The region's largest contributor to aluminum and copper scrap production is the automotive industry.

Market Share Insights & Key Companies

The market is highly competitive, unorganized, and has many recyclers and scrap yards. The market is expected to grow rapidly due to its low volume and high-value non-ferrous scrap. Recognizing the importance of recycling non-ferrous metals has attracted prominent industry players to invest in this market, especially in developing countries. Hindalco Industries, for example, announced in September 2018 that it would invest more than USD 480 million to establish recycling plants in Gujarat, India. It is anticipated that the aluminum recycling plant will have a processing capability of 300 kilotons annually. The market for non-ferrous scrap recycling is dominated by the following players:

• Sims Metal Management Inc.

• OmniSource Corp.

• TSR Recycling GmbH & Co. KG

• Aurubis

• Kuusakoski

• Hindalco Industries Ltd.

• Matalco Inc.

• SA Recycling LLC

Up Market Research published a new report titled “Non-ferrous Scrap Recycling Market research report which is segmented by Sector (Consumer Goods, Automotive, Industrial Goods, Construction), by Metal (Copper, Lead, Aluminum), By Players/Companies SA Recycling LLC, TSR Recycling GmbH & Co KG, Sims Metal Management Inc, Hindalco Industries Ltd, Matalco Inc, Kuusakoski, OmniSource Corp, Aurubis”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Non-ferrous Scrap Recycling Market Report Segments:

The market is segmented by Sector (Consumer Goods, Automotive, Industrial Goods, Construction), by Metal (Copper, Lead, Aluminum).

Non-ferrous Scrap Recycling Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Non-ferrous Scrap Recycling Market

Overview of the regional outlook of the Non-ferrous Scrap Recycling Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Non-ferrous Scrap Recycling Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Non-ferrous Scrap Recycling Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Consumer Goods

                2. Automotive

                3. Industrial Goods

                4. Construction

                1. Copper

                2. Lead

                3. Aluminum

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Non-ferrous Scrap Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Non-ferrous Scrap Recycling Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.