Global Non-Ferrous Scrap Recycling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Sector;

Construction, Automotive, Consumer goods, and Industrial goods.

By Metal;

Aluminum, Copper, Lead, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn415736134 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Non-Ferrous Scrap Recycling Market (USD Million), 2021 - 2031

In the year 2024, the Global Non-Ferrous Scrap Recycling Market was valued at USD 76,198.24 million. The size of this market is expected to increase to USD 129,746.32 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.

The global non-ferrous scrap recycling market plays a pivotal role in sustainable resource management, catering to the increasing demand for metals like aluminum, copper, lead, zinc, and nickel across various industries. Non-ferrous metals are essential components in manufacturing due to their lightweight properties, corrosion resistance, and electrical conductivity. Recycling these metals not only conserves natural resources but also reduces energy consumption and greenhouse gas emissions associated with primary metal production, making it a crucial element of the circular economy.

The market for non-ferrous scrap recycling is driven by stringent environmental regulations promoting waste reduction and resource conservation. Governments worldwide incentivize recycling initiatives through policies that encourage collection, processing, and reuse of scrap metals. Industries such as automotive, construction, electronics, and packaging rely heavily on recycled non-ferrous metals to meet sustainability goals and mitigate supply chain risks associated with fluctuating raw material prices.

Technological advancements have revolutionized non-ferrous scrap recycling processes, enabling more efficient separation, sorting, and purification of metals from complex waste streams. Innovations in sorting technologies, such as optical sensors and electromagnetic separators, enhance recovery rates and purity levels, thereby improving the economic viability of recycling operations. Moreover, the growing consumer awareness of environmental sustainability and corporate responsibility is driving increased demand for products manufactured from recycled materials, further bolstering the non-ferrous scrap recycling market.

As global industries continue to embrace circular economy principles and strive for greater resource efficiency, the non-ferrous scrap recycling market is poised for robust growth. Continued investments in recycling infrastructure, coupled with advancements in technology and regulatory support, are expected to expand the market's scope and contribute positively to sustainable development goals worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Sector
    2. Market Snapshot, By Metal
    3. Market Snapshot, By Region
  4. Global Non-Ferrous Scrap Recycling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Circular Economy Initiatives
        2. Resource Conservation Goals
        3. Environmental Regulations Compliance
        4. Increasing Metal Demand
      2. Restraints
        1. Fluctuating Metal Prices
        2. Collection Infrastructure Challenges
        3. Quality Control Issues
        4. Technological Limitations
      3. Opportunities
        1. Technological Advancements
        2. Emerging Economies Growth
        3. Urban Mining Expansion
        4. Metal Recovery Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Non-Ferrous Scrap Recycling Market, By Sector 2021 - 2031 (USD Million)
      1. Construction
      2. Automotive
      3. Consumer goods
      4. Industrial goods
    2. Global Non-Ferrous Scrap Recycling Market, By Metal 2021 - 2031 (USD Million)
      1. Aluminum
      2. Copper
      3. Lead
      4. Others
    3. Global Non-Ferrous Scrap Recycling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aurubis
      2. Chiho Environmental Group Limited
      3. Hindalco Industries Ltd
      4. Kuusakoski
      5. Matalco Inc
      6. OmniSource Corp.
  7. Analyst Views
  8. Future Outlook of the Market