Global Non Ferrous Metals Recycling Market - 2023-2030

Overview

Global Non-Ferrous Metals Recycling Market reached US$ 267.5 million in 2022 and is expected to reach US$ 345.0 million by 2030, growing with a CAGR of 3.3% during the forecast period 2023-2030.

The demand for non-ferrous scrap metal, gathered from various end-use industries and processed at recycling facilities, rises as a result of this information. One factor driving market expansion is rising public awareness of the environment, economy and energy savings associated with recycling these metals.

The rise in disposable income is the main development driver for the non-ferrous metal recycling industry globally. Nickel, silver, copper, aluminum and tin, in particular, are non-ferrous metals that can undergo an endless number of recycling processes without losing their original qualities. Recycling is also a wise financial move because using already mined materials is less expensive than starting from scratch, particularly for common metals like aluminum.

Asia-Pacific dominates the non-ferrous metals recycling market covering more than 1/3rd share globally. The nations in the region are producing a substantial amount of nonferrous metal scrap, but due to the absence of a large unorganized market and a lack of knowledge, the majority of this material is supplied to landfills rather than recycling facilities.

India's recycling rate is about 25%, well below the worldwide average of about 45%. The figures highlight the market's enormous growth potential. The 120 kilotonnes of aluminum scrap produced in the country were mostly contributed by the energy and automotive industries.

Dynamics

Rapid Urbanization Coupled with Increasing Government and Consumer Investment in Housing and Infrastructure Building

The global market for metal recycling is growing as a result of rising urbanization, industrialization and commodity consumption, as well as the use of more natural resources and their subsequent depletion. Market companies like Nucor Corporation, Aurubis AG and others create new products and make acquisitions as a successful approach for diversifying their product offerings in the metal recycling industry.

As a way greenhouse gas emissions, safeguard natural resources and manage energy consumption, waste metal is recycled into new products. Governments in industrialized nations like Canada, U.S., UK and others have worked to support the metal recycling business by putting in place efficient rubbish collection, separation and sorting systems.

For instance, to encourage the reuse and recycling of metal products, the Canadian government has partnered with the provinces, territories and industry. It is predicted that this would help Canada's metal and recycling industries. For instance, in May 2019, Aurubis AG acquired Metallo Group, a provider of Belgian-Spanish metal recycling services. The acquisition's main objective was to increase the variety of metal recycling services offered.

Technological Innovations Revolutionise Recycling Methods for Non-Ferrous Metals

The recycling of non-ferrous metals is entering a new era of efficiency and sustainability because of recent technical advancements. With unmatched accuracy, recyclers are now able to recover precious metals from complicated waste streams because of advancements in separation, sorting and purifying procedures.

Recycled raw materials are in greater demand. For instance, for the first time in this decade, the recycled aluminum output will surpass that of raw aluminum. The energy required to generate virgin aluminum is reduced by 95% when recycled aluminum is used.

The sole producer of recycled aluminum in Finland is Kuusakoski. The equivalent of all the aluminum required for 2,000 brand-new passenger airplanes was provided to Kuusakoski's clients in 2022. Currently, the business is making a substantial new manufacturing line investment. The goal is to increase non-ferrous metal recycling efficiency and aluminum processing capacity. There has been a $25 million investment.

Lack of Efficient and Organized Collection Systems for Scrap Metals

The development and potential of the non-ferrous metals recycling sector are significantly hampered by the lack of well-organized and efficient scrap metal collecting systems in some areas. The availability of top-notch feedstock is essential for recycling plants to function at their best. Recycling companies struggle to find a sufficient supply of scrap metals, nevertheless, when collection procedures are ineffective or chaotic.

This lack of feedstock not only restricts the size of recycling operations but also creates several problems that have an effect on the sector as a whole. This can lead to a loop where the limited feedstock makes recycling less economically viable and makes it difficult to invest in better-collecting infrastructure. Because of this, neither environmental sustainability nor economic growth in these areas can reach its full potential in the non-ferrous metals recycling sector.

High Price of Non-Ferrous Metals

The non-ferrous metal recycling business has major difficulties as a result of the shifting pricing of non-ferrous metals. Unbalances in the supply and demand of certain metals in various economic sectors, geopolitical crises that might disrupt supply chains and the irrationality of the status of the global economy are a few variables that contribute to this volatility. The economics of recycling are affected when these variables combine to drive metal prices lower.

The financial motivation for recycling declines when metal prices are low. For their business to remain viable, recyclers often rely on a difference between the price of recycling and the market price of raw metals. This disparity narrows as metal prices fall, which reduces the profitability of recycling. The effect might be a decline in profitability for recycling businesses, which would make it challenging for them to continue with their existing operations.

The accident illustrates the need for a secure and encouraging atmosphere for the non-ferrous metals recycling industry. Such an environment may help mitigate the impacts of market volatility and guarantee the viability of recycling operations over the long term.

Segment Analysis

The global non-ferrous metals recycling market is segmented based on type, metal source, application and region.

Increased Focus on Sustainability and Environmentally Friendly Practices Resulted in Increased Aluminum Recycling

Enormous interest in aluminum has resulted from the need for materials that are strong, lightweight and resistant to corrosion in industries including construction, aircraft, automotive and packaging. Aluminum is ideally suited to meet the needs of these sectors because of its distinctive mix of features. The demand for recycled aluminum has increased as a result of the increased focus on sustainability and environmentally friendly practices, which is precisely in line with the goals of industries that value environmentally friendly materials.

The most prevalent metal in the Earth's crust and one of the metals that get recycled the most is aluminum. It is not only feasible economically but also environmentally good and energy-efficient to recover aluminum for recycling. The above factor has made the segment contribute nearly 29.6% in the global market.

Furthermore, rising research in the metal is also escalating the segmental growth. The primary study conducted by BIR, "Review of Global Non-Ferrous Scrap Flows," is mostly focused on copper and aluminum. There are just a few nations in the world that do not deal in scrap copper, copper alloy or aluminum due to the economic importance of these metals. From 5.9 million tonnes to 8.3 million tonnes or over US$ 46 billion at the time, more copper scrap was used globally between 2000 and 2015, a 41% increase.

This growth was shown in both the manufacture of secondary refined copper as well as direct use of scrap. From 8.4 million tonnes in 2000 to 15.6 million tonnes in 2015 or around US$ 26 billion at the time, there was an increase in the production of aluminum from scrap of about 86%.

Geographical Penetration

Rising Demand for Electric Products in Asia-Pacific

Asia-Pacific has been a dominant force in the global non-ferrous metals recycling market and expected to more more than 52.6% in the forecast period. The Asia-Pacific is proving itself as the world's center for both the production and consumption of electronics. The region now faces a special difficulty and potential as a result of the region's strong position in the electronics industry: the production of large volumes of electronic garbage.

For Instance, in 2022, One of Canada's leading e-scrap companies, eCycle Solutions, was acquired by the Japanese corporation JX Nippon Mining and Metals. It's the second instance in the last month of an Asian smelting behemoth acquiring North American e-waste businesses to guarantee a consistent supply of feedstock. On August 3, JX Nippon Mining and Metals said it had acquired all outstanding shares of eCycle Solutions from Montreal-based Horizon Capital Holdings. The sale price was omitted from a news announcement.

Furthermore, increased building, infrastructure development and manufacturing activity have been brought on by Asia-Pacific's rapid urbanization and industrial expansion. Metals like aluminum and copper are in greater demand as cities grow and industry prospers. This leads to a significant supply of scrap metal from buildings, machinery and end-of-life items, giving the recycling sector a solid base.

COVID-19 Impact Analysis

The impact of the pandemic on the non-ferrous metal recycling business is examined in this study from both a global and local perspective. The market size, market characteristics and market growth for the non-ferrous metal recycling business are described in the publication and are classed by type, utility and consumer sector.

It also provides a comprehensive review of the chemicals used to enhance the market both before and after the COVID-19 pandemic. The report also conducted a survey examination of the industry to identify major influencers and entry-level barriers. The market for non-ferrous metals was impacted by financial uncertainties brought on by the epidemic and the drop in consumer demand. Metal prices changed as a result of decreased industrial activity and interruptions in international commerce.

The profitability and feasibility of recycling operations may be impacted by these price variations. The global supply lines were severely disrupted due to the emergence of the COVID-19 pandemic. Lockdowns, travel limitations and a smaller workforce impeded the gathering, transportation and processing of non-ferrous scrap materials. The problem of finding enough scrap for their operations was one that recycling plants confronted.

Thus, to stop the virus's spread, governments enacted lockdowns and social seclusion policies. There were fewer end-of-life items and industrial scraps available for recycling as a result of the decline in industrial production and manufacturing activities. The dynamics of the recycling market's supply were impacted by lower scrap production.

Russia-Ukraine War Impact Analysis

This is possible that the conflict and geopolitical tensions between Russia and Ukraine will affect the supply of non-ferrous metals. Copper, aluminum, nickel and other non-ferrous metals are among those with substantial production in both nations. Supply chain instability might affect the availability and pricing of certain metals on the international market.

A wider geopolitical rift that threatens the world economy's stability may result from the Russia-Ukraine war. A downturn in the economy or other unpredictabilities can alter industrial output, which can affect the demand for non-ferrous metals and their recycling. Prices of commodities, particularly non-ferrous metals, might change as a result of any unpredictability in the area.

Political developments frequently elicit a response from markets and investors, which might enhance metal price volatility. The outcome of the conflict may subject one or both of the nations to trade restrictions, embargoes or penalties. These regulations could affect the import and export of non-ferrous metals and associated items, which might make these resources less available to the recycling industry.

By Type

• Aluminum
• Copper
• Lead
• Zinc
• Nickel
• Titanium
• Cobalt
• Chromium
• Others

By Metal Source

• Post-Consumer Scrap
• Industrial Scrap
• Construction and Demolition Scrap
• Obsolete Infrastructure

By Application

• Catalyst Regeneration
• Electronics
• Consumer Appliances
• Battery
• Packaging
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On March 29, 2023, Romco Group is expanding its recycling activities at its facility in Lagos, Nigeria, from recycling aluminum to recycling copper to support the international aim for a "circular economy" that produces no emissions.
• On March 14, 2023, Umicore launched a new business unit named Battery Recycling Solutions to concentrate on this quickly expanding industry. Umicore intends to significantly increase capacity as part of this and a 150,000-tonne battery recycling facility in Europe is anticipated to be operational by 2026. This facility, which will be the largest battery recycling facility in Europe, will use specialized metal extraction methods created by the engineering and research departments of Umicore.
• On April 03, 2020, Sims Metal Management, a worldwide metal recycling company, will continue to reduce the amount of non-ferrous metal scrap it acquired across all of its global operations as demand falls due to the coronavirus epidemic. Sims recently temporarily halted collecting ferrous and nonferrous trash from third parties in their UK yards and closed parts of their US facilities to the public as a precaution to lessen the spread of coronavirus in workplaces.

Competitive Landscape

The major global players in the market include: Umicore, PX Group, Materion Corporation, Sims Recycling Solutions, Emak Refining & Recycling, BASF SE, Dowa Holdings, AMG Vanadium, Heraeus and Hensel Recycling.

Why Purchase the Report?

• To visualize the global non-ferrous metals recycling market segmentation based on type, metal source, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of non-ferrous metals recycling market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global non-ferrous metals recycling market report would provide approximately 61 tables, 67 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies