# Global Recycled Metal Market Projected to Garner Significant Revenues by 2026
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-18
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Energy Efficiency and Lower Greenhouse Gas Emissions in
Meta Description: Discover how recycled metal industry growth is fuelled by energy conservation and reduced greenhouse gas emissions. Find out more in this comprehensive report.
URL: https://financedigest.com/global-recycled-metal-market-projected-to-garner-significant-revenues-by-2026html

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The [recycled metal market](https://www.transparencymarketresearch.com/metal-recycling-market.html) was valued at US$ 713.44 Bn in 2017 is anticipated to expand at a CAGR of 3.5% during the forecast period, according to a new report published by Transparency Market Research (TMR)  titled ‘ _Recycled Metal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’._ Expansion in the recycled metal market is primarily driven by the increase in awareness about energy conservation through secondary production of metals, i.e. metal recycling. Manufacturers of metals have started adopting advanced [energy management systems to lower](https://www.financedigest.com/ahold-turns-to-solar-panels-lowers-thermostats-to-save-energy.html "Ahold turns to solar panels, lowers thermostats to save energy") their environmental footprint.

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**Energy Efficiency and [Lower Greenhouse Gas Emissions in Metal Recycling](https://www.financedigest.com/bmw-bets-on-design-and-recycling-not-mining-to-lower-battery-costs.html "BMW bets on design and recycling, not mining, to lower battery costs") to Drive Market Growth**

A large amount of energy is required for the extraction of metal from ores. Energy consumed in metal production [accounts for approximately 8.3% of the global](https://www.financedigest.com/new-global-relationship-between-reckon-software-and-myfirmsapp-delivers-closer-interaction-between-accountants-and-their-clients.html "NEW GLOBAL RELATIONSHIP BETWEEN RECKON SOFTWARE AND MYFIRMSAPP DELIVERS CLOSER INTERACTION BETWEEN ACCOUNTANTS AND THEIR CLIENTS") energy consumption. Furthermore, the extraction process leads to the emission of greenhouse gases. The primary production of metals entails extraction of metals from metal ores, while secondary production involves the preparation of metals from collection.

Primary production of ferrous metals entails the reduction of iron oxide to iron by reducing agents such as coke, coal, and natural gas. The reduction takes place at a high temperature and entails high energy. However, the electric arc furnace (EAF) process is used in the secondary production of steel. The process [consumes considerably less amount of energy](https://www.financedigest.com/uk-consumer-mood-sinks-to-new-depths-despite-energy-bills-help.html "UK consumer mood sinks to new depths despite energy bills help"). Thus, the [energy requirement for primary production of ferrous metals](https://www.financedigest.com/energy-crisis-an-existential-threat-to-eu-metal-production-eurometaux.html "Energy crisis an ‘existential threat’ to EU metal production -Eurometaux") is significantly higher than that for secondary production. Therefore, secondary production of ferrous metals through recycled metal leads to cost reduction.

Production of 100 kilo tons of aluminum from bauxite ore requires 4,700 terra joules of energy. Production of other non-ferrous metals such as copper, lead, nickel, tin, and zinc also entails significant amount of energy. Furthermore, the extraction process results in the emission of greenhouse gases. However, non-ferrous metals can be produced from metal sources through a cost-effective method that consumes significantly low amount of energy. The emission of carbon dioxide is reduced during the secondary production of non-ferrous metals.

Manufacturers of metals have started adopting advanced [energy management systems to lower](https://www.financedigest.com/uk-energy-bill-help-wont-lower-inflation-statisticians-rule.html "UK energy bill help won’t lower inflation, statisticians rule") their environmental footprint. Recycled metal is projected to help [industry players achieve their sustainability goals in the near future](https://www.financedigest.com/future-of-the-finance-industry.html "Future of the Finance Industry"). This, in turn, is estimated to propel the recycled [metal market](https://www.financedigest.com/rare-earth-metals-market-to-receive-overwhelming-hike-usd-14-6-billion-in-revenues-by-2033-future-market-insights-inc.html "Rare Earth Metals Market to Receive Overwhelming Hike USD 14.6 Billion in Revenues by 2033 | Future Market Insights, Inc.") in the next few years.

**Rise in E-waste Generation to Boost** [Recycled Metal Market](https://www.financedigest.com/corrugated-boxes-market-to-surpass-us-128-3-bn-as-recycled-boxes-demand-increases-by-4-7-fmi.html "Corrugated Boxes Market to Surpass US$ 128.3 Bn as Recycled Boxes Demand Increases by  4.7%: FMI")

Generation of e-waste has increased significantly over the last few years. Constant innovation in the electronics [industry has resulted in digital revolution](https://www.financedigest.com/talkin-bout-an-industrial-revolution.html "Talkin’ ‘bout (an industrial) revolution"). Changing demands of consumers and constant improvement in technology are [driving the electrical](https://www.financedigest.com/battery-swapping-spurs-kenyas-electric-motorbike-drive.html "Battery swapping spurs Kenya’s electric motorbike drive") and electronic goods market. As a result, electronic goods with conventional technology are being replaced with new devices with improved technology. This, in turn, is driving the production of waste from discarded electronic and electrical equipment.

A well-designed and effective [recycling system can encourage the reuse of electronic waste](https://www.financedigest.com/eu-sets-recycling-reuse-targets-to-cut-packaging-waste.html "EU sets recycling, reuse targets to cut packaging waste"). Electronic waste management systems help prevent the loss of [precious metals](https://www.financedigest.com/u-s-money-reserve-reviews-real-talk-about-diversifying-with-precious-metals.html "U.S. Money Reserve Reviews: Real Talk About Diversifying With Precious Metals") and lower the emission of greenhouse gases. Led by the rise in awareness about environmental concerns, governments of developed and developing countries are focusing on recycling of electronic waste to encourage resource conservation.

The rate of metal recycling from e-waste is anticipated to increase substantially in the [next few years in order to meet the rise](https://www.financedigest.com/britains-next-sticks-to-outlook-after-quarterly-sales-rise.html "Britain’s Next sticks to outlook after quarterly sales rise") in demand for metals in several end-user industries. Thus, e-waste is expected to be the most promising source of recycled metal, considering the significant increase in e-waste generation and rise in demand for metal.

Demand for various ferrous, non-ferrous, and [precious metals](https://www.financedigest.com/best-paying-jobs-in-precious-metals.html "Best paying jobs in precious metals") in construction, automotive, and electronic industries is likely to increase significantly in the near future. Thus, recycled metal is estimated to be a lucrative end-user of the [global e-waste market](https://www.financedigest.com/global-dealmaking-plunges-as-financing-market-hits-rock-bottom.html "Global dealmaking plunges as financing market hits rock bottom") during the forecast period.

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**Regional Perspective of Recycled Metal Market**

In terms of revenue and volume, [Asia Pacific constituted significant share](https://www.financedigest.com/asia-shares-ease-euro-slugged-by-energy-crisis.html "Asia shares ease, euro slugged by energy crisis") of the recycled metal market in 2017. Expansion in automotive and building & construction (especially new construction) industries is estimated to provide lucrative opportunities to the market during the forecast period. Asia Pacific is anticipated to be a highly attractive region of the [global market](https://www.financedigest.com/brexit-bull-markets-and-the-global-stage-2017-predictions-from-easymarkets.html "Brexit, bull markets and the global stage – 2017 predictions from easyMarkets "), with growth potential being exhibited by China, India, and ASEAN countries such as Indonesia, Malaysia, and Singapore. Japan [South Korea](https://www.financedigest.com/ukraine-asks-for-south-korea-cybersecurity-aid-amid-russia-invasion.html "Ukraine asks for South Korea cybersecurity aid amid Russia invasion"), Australia, and New Zealand are some the mature countries of the recycled metal market in Asia Pacific.

Europe followed Asia Pacific in terms of revenue and volume in 2017. This trend is anticipated to continue during the forecast period. The overall recycling [rates in EU-28 countries](https://www.financedigest.com/ecb-hikes-rates-throws-lifeline-to-indebted-countries.html "ECB hikes rates, throws lifeline to indebted countries") for various metals are high compared to that in Rest of Europe. Domestic and is utilized in Europe, which contributes to the market share held by the region.

The U.S. accounts for significant share of the market in North America. Metal recycling is an established market in the region. Automotive, shipbuilding, and industrial machinery end-users constitute large share of the demand for recycled metal. North America is also one of the leading producers of recycled metal.

**High Degree of Competition Exists Among Established Players**

Players of different sizes and shares operate in the [global recycled metal market](https://www.financedigest.com/entering-the-global-market-a-strategy-for-the-new-year-and-beyond.html "Entering the global market: a strategy for the New Year and beyond"). High intensity of competition is likely to exist among established players due to their integrated value chain. Exit [barriers are high owing to the high fixed costs and large capital](https://www.financedigest.com/breaking-down-venture-capitals-gender-and-diversity-barriers.html "Breaking down Venture Capital’s gender and diversity barriers") investment made at the initial stage. This, in turn, intensifies rivalry among market players.

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