재활용 금속 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the recycled metal market size was valued at USD 135.82 billion in 2025 and is estimated to grow from USD 143.17 billion in 2026 to reach USD 191.86 billion by 2031, at a CAGR of 6.03% during the forecast period (2026-2031).

This report is Segmented by Metal Type (Ferrous Metals and Non-Ferrous Metals), Scrap Source (Industrial Scrap and More), Processing Method (Mechanical Processing and More), Product Form (Ingots and More), End-User Industry (Automotive and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Recycled Metal Market Trends and Insights

Rising Demand for Recycled Metals Across Key End-User Sectors

Manufacturing buyers are raising expectations for recycled content as cost discipline, carbon accounting, and supply diversification simultaneously influence sourcing decisions. This trend is most evident in the automotive and electronics segments of the recycled metal market, where material specifications are becoming stricter, and suppliers are expected to support lifecycle emissions goals with reliable secondary inputs. Research on automotive body sheet pathways indicates that closed-loop aluminum and steel recycling can reduce lifecycle emissions by up to 70% by 2050, providing vehicle manufacturers with a strong basis for broader adoption of recycled inputs . Beyond volume, buyers increasingly require predictable quality, documented origin, and compatibility with high-value applications, which is changing how recyclers compete and how contracts are structured. The recycled metal market, therefore, benefits not only from broader demand but also from a gradual shift toward more formalized, specification-driven purchasing behavior among industrial customers.

Increasing Focus on Industrial Decarbonization and Emissions Reduction

Industrial decarbonization is increasing the importance of scrap-based production as a practical route to lower emissions in sectors that depend heavily on heat, ore, and large material flows. Global steel production reached 1,886 million tons in 2024, and the sector generated around 4.1 billion tons of CO2 equivalent, maintaining pressure on steelmakers to expand lower-emission production routes where feasible. The recycled metal market benefits directly from this pressure, as electric arc furnace production relies heavily on scrap and aligns with the broader push to reduce embedded emissions in steel-consuming industries. This effect extends beyond steel, as lower-carbon material choices are becoming increasingly relevant in non-ferrous applications, particularly during procurement reviews when customers compare the emissions footprints of virgin and recycled feedstocks. As a result, the recycled metal market is becoming more closely tied to decarbonization plans, plant investment decisions, and supply contracts that place greater value on the emissions profile of recovered metals.

Volatility in Scrap Metal Prices and London Metal Exchange (LME) Arbitrage Disruptions

Price volatility remains a constraint because recyclers must manage feedstock purchases, processing costs, and sales commitments in a market that can shift quickly with trade flows and benchmark spreads. The recycled metal market is exposed to this issue across ferrous and non-ferrous categories, as sudden changes in scrap values can compress margins even when physical volumes remain stable. This instability also makes it harder for processors to plan technology upgrades and long-lead capacity additions, particularly when lenders and customers require more predictable earnings and supply performance. The challenge becomes more pronounced when domestic and export channels become unbalanced, as processors may need to redirect material without sufficient time to preserve economics. The recycled metal market continues to grow despite this pressure, but profitability and investment pace can weaken when pricing conditions become unsettled.

Other drivers and restraints analyzed in the detailed report include:

1. Growing Demand for Urban Mining and Secondary Resource Recovery
2. Supportive Government Policies and Incentive Schemes for Recycling
3. Stringent Environmental Processing Standards and Compliance Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Ferrous metals accounted for 61.72% of revenue in 2025, while non-ferrous metals are projected to grow at a 6.89% CAGR through 2031, indicating that volume leadership and growth leadership are no longer concentrated in the same segment of the recycled metal market. Ferrous recovery remains the backbone of the recycled metal market because construction, infrastructure, and electric arc furnace steelmaking continue to absorb large scrap flows and support stable demand for recycled steel inputs. Non-ferrous demand is rising faster because recycled copper and aluminum are becoming more important in transport electrification, power equipment, and data infrastructure, where material performance and supply resilience are key considerations. China's 2025 output of 11.60 million tons of recycled aluminum and 4.85 million tons of recycled copper reflects the scale that non-ferrous recovery has reached.

A notable shift in the recycled metal market involves not only faster non-ferrous growth, but also better alignment between recycled and primary materials in demanding applications. Hydrometallurgical and related refining routes are now producing recycled copper from waste printed circuit boards with purities of 99.64% to 99.84%, which improves its substitution potential in electronics-related applications. This matters because buyers who previously treated recycled non-ferrous feed as a lower-grade option can now consider it for applications where composition control is critical. As a result, the recycled metal market faces a competitive shift in which process capability and purity assurance are becoming more important than simple access to scrap volume alone.

Industrial scrap accounted for 46.81% in 2025, while obsolete and post-consumer scrap is forecast to grow at a 6.32% CAGR through 2031, indicating that the recycled metal market is gradually broadening its supply base. Industrial scrap retains its lead because in-plant offcuts and production residues typically offer more consistent quality, lower contamination, and easier qualification for recyclers serving high-standard industrial buyers. That consistency supports strong use in automotive supply chains, rolled products, and steel applications where melt chemistry and processing efficiency are tightly managed. Post-consumer materials are gaining relevance as end-of-life vehicles, demolition waste, and discarded electronics increase the volume of metal available outside factory gates. The recycled metal market benefits from this trend because a wider stream of available material can support long-term feedstock security if sorting and recovery systems continue to improve.

The main challenge with post-consumer material is that it arrives with greater levels of mixed alloys, coatings, attachments, and contamination than most industrial scrap streams. This means the recycled metal market must invest more in dismantling, sorting, shredding, separation, and documentation if obsolete scrap is to move into higher-value end uses rather than lower-grade recycling loops. Taiwan's Resource Circulation Promotion Act is relevant in this context because it supports broader lifecycle tracking and gives policymakers a formal mechanism to improve end-of-life material visibility. As those systems improve, the recycled metal market will be better positioned to convert a larger share of post-consumer volume into reliable feedstock that can meet stricter customer specifications.

Complete Report Scope:

• By Metal Type
  • Ferrous Metals
  • Non-Ferrous Metals
• By Scrap Source
  • Industrial Scrap
  • Obsolete (Post-Consumer) Scrap
• By Processing Method
  • Mechanical Processing
  • Pyrometallurgical Processing
  • Hydrometallurgical Processing
• By Product Form
  • Ingots
  • Billets
  • Sheets and Plates
  • Rods and Bars
  • Other Forms
• By End-User Industry
  • Automotive
  • Building and Construction
  • Packaging
  • Electrical and Electronics
  • Industrial Machinery
  • Consumer Goods
  • Other End-Use Industries
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific held a 46.36% share in 2025 and is forecast to expand at a 6.78% CAGR through 2031, making it the region with both the largest base and the fastest growth in the recycled metal market. China remains central to this position, with recycled non-ferrous metal recovery reaching 16.72 million metric tons in 2025 and projected by the industry association to reach 17 million metric tons in 2026. The region benefits from a large manufacturing base, strong scrap generation, and growing policy focus on organized recovery systems that connect collection with industrial reuse. Taiwan's 2025 Resource Circulation Promotion Act reflects a broader trend of Asia-Pacific governments establishing more structured frameworks for lifecycle management and post-use recovery.

North America and Europe represent higher-specification segments of the recycled metal market, where product quality, regulatory compliance, and advanced processing capabilities carry greater competitive weight. Aurubis' Richmond plant in the United States began production in September 2025, adding multimetal recycling capacity for complex feed materials that supports domestic strategic metal recovery. Novelis' Bay Minette project is commissioning in 2026, further demonstrating how North American supply chains are linking recycling capacity more closely to downstream aluminum sheet output. In Europe, the 2026 Circular Economy Act framework and the European Investment Bank's recycling-linked financing support closer alignment among policy, capital access, and material qualification in the recycled metal market.

South America, the Middle-East, and Africa remain early-stage parts of the recycled metal market, despite several countries having meaningful steel, automotive, and industrial demand. Regional progress depends less on scrap generation alone and more on how quickly formal collection, sorting, testing, and documentation systems can scale. Where these systems remain underdeveloped, material quality and traceability are uneven, limiting access to premium buyers and slowing the transition from informal recovery to industrial recycling. As a result, the recycled metal market in these regions offers room for growth, but infrastructure quality remains the key factor separating potential from near-term commercial realization.

1. ArcelorMittal
2. Asahi Holdings, Inc.
3. Aurubis AG
4. Befesa S.A.
5. Chiho Environmental Group Limited
6. CMC
7. ELG GmbH
8. EMR Group Limited
9. Hensel Recycling GmbH
10. Kuusakoski Group
11. Novelis
12. Nucor Corporation
13. OmniSource Corporation
14. SA Recycling LLC
15. Schnitzer Steel Industries, Inc.
16. Sims Metal
17. Toyota Tsusho Corporation
18. Triple M Metal LP

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising Demand for Recycled Metals Driven by Electrification and Renewable Energy Applications
  • 4.2.2 Increasing Focus on Decarbonization and Circular Economy Initiatives
  • 4.2.3 Growing Demand for Low-Carbon Feedstock in Steel Mills and Metal Foundries
  • 4.2.4 Supportive Government Policies and Regulations Promoting Metal Recycling
  • 4.2.5 Increasing Recovery of Metals from End-of-Life Vehicles, Batteries, and Electronic Waste
• 4.3 Market Restraints
  • 4.3.1 Volatility in Scrap Metal Prices and Primary Metal Markets
  • 4.3.2 Stringent Environmental Regulations and High Compliance Costs
  • 4.3.3 Inefficient Scrap Collection Infrastructure and Limited Material Traceability
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Suppliers
  • 4.5.3 Bargaining Power of Buyers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Metal Type
  • 5.1.1 Ferrous Metals
  • 5.1.2 Non-Ferrous Metals
• 5.2 By Scrap Source
  • 5.2.1 Industrial Scrap
  • 5.2.2 Obsolete (Post-Consumer) Scrap
• 5.3 By Processing Method
  • 5.3.1 Mechanical Processing
  • 5.3.2 Pyrometallurgical Processing
  • 5.3.3 Hydrometallurgical Processing
• 5.4 By Product Form
  • 5.4.1 Ingots
  • 5.4.2 Billets
  • 5.4.3 Sheets and Plates
  • 5.4.4 Rods and Bars
  • 5.4.5 Other Forms
• 5.5 By End-User Industry
  • 5.5.1 Automotive
  • 5.5.2 Building and Construction
  • 5.5.3 Packaging
  • 5.5.4 Electrical and Electronics
  • 5.5.5 Industrial Machinery
  • 5.5.6 Consumer Goods
  • 5.5.7 Other End-Use Industries
• 5.6 By Geography
  • 5.6.1 Asia-Pacific
    • 5.6.1.1 China
    • 5.6.1.2 India
    • 5.6.1.3 Japan
    • 5.6.1.4 South Korea
    • 5.6.1.5 Rest of Asia-Pacific
  • 5.6.2 North America
    • 5.6.2.1 United States
    • 5.6.2.2 Canada
    • 5.6.2.3 Mexico
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Italy
    • 5.6.3.5 Russia
    • 5.6.3.6 Rest of Europe
  • 5.6.4 South America
    • 5.6.4.1 Brazil
    • 5.6.4.2 Argentina
    • 5.6.4.3 Rest of South America
  • 5.6.5 Middle-East and Africa
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 South Africa
    • 5.6.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 ArcelorMittal
  • 6.4.2 Asahi Holdings, Inc.
  • 6.4.3 Aurubis AG
  • 6.4.4 Befesa S.A.
  • 6.4.5 Chiho Environmental Group Limited
  • 6.4.6 CMC
  • 6.4.7 ELG GmbH
  • 6.4.8 EMR Group Limited
  • 6.4.9 Hensel Recycling GmbH
  • 6.4.10 Kuusakoski Group
  • 6.4.11 Novelis
  • 6.4.12 Nucor Corporation
  • 6.4.13 OmniSource Corporation
  • 6.4.14 SA Recycling LLC
  • 6.4.15 Schnitzer Steel Industries, Inc.
  • 6.4.16 Sims Metal
  • 6.4.17 Toyota Tsusho Corporation
  • 6.4.18 Triple M Metal LP

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment