Scrap Metal Recycling Industry Analysis in Europe
Study on Scrap Metal Recycling in Europe by Shearing, Shredding, and Bailing for Automotive, Shipbuilding, Construction, Oil & Gas, Mining, Aerospace, Energy, and Transportation from 2024 to 2034
Analysis of Scrap Metal Recycling Industry Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Scrap Metal Recycling Demand Outlook for Europe (2024 to 2034)
A recently updated industry report by Fact.MR states that revenue from scrap metal recycling services in Europe is evaluated to reach US$ 17.68 billion in 2024. The market has been forecasted to rise at a CAGR of 5.5% and reach a value of US$ 30.21 billion by the end of 2034.
Metals are considered valuable resources, which are reprocessed several times without any quality degradation. Scrap metal recycling is used as an energy-effective method for the recovery of scrap metal for producing new goods. This recycling type carries enormous environmental and socio-economic benefits. It assists in reducing carbon emissions and minimizing air, water, and environmental pollution.
Recycled metal is used in several end-use industries, such as shipbuilding, building & construction, automotive, and others. Constant innovations and product development trends in scrap metal recycling technologies are aiding regional market growth. Moreover, increasing concerns related to the deteriorating quality of air along with the emission of greenhouse gases are stimulating requirements for metal recycling in the region for procuring natural conventional resources.
| Report Attribute | Detail |
|---|---|
| Europe Scrap Metal Recycling Market (2024E) | US$ 17.68 Billion |
| Projected Sales (2034F) | US$ 30.21 Billion |
| Demand Growth (2024 to 2034) | 5.5% CAGR |
| Sales of Ferrous Scrap Metal (2024E) | US$ 12.87 Billion |
| Revenue Share of Shearing Recycling (2034F) | 38.8% |
| Germany Market Value (2034F) | US$ 3.65 Billion |
| Key Companies Profiled | ArcelorMittal; Jansen Recycling Group; Aurubis AG; Eurometaux; Kuusakoski Oy; European Metal Recycling; Guidetti Recycling Systems; Kruger GmbH; Georgsmarienhutte Holding GmbH; H-D. Ahrens GmbH. |
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What Opportunities Await Scrap Metal Recyclers in the European Region?
“Socio-economic and Environmental Benefits Fueling Demand for Scrap Metal Recycling”
Scrap metal recycling carries several environmental benefits and is contributing to climate policy and a circular economy. Metal recycling reduces landfills of metals and also helps in energy saving, which is otherwise spent on metal extraction. Further, metal production with the use of recycled material assists in reducing CO2 emissions and minimizes water use by 40%.
Scrap metal recycling also helps in reducing air pollution and water pollution, thereby contributing to increased preference among end-use industries, such as automotive, mining, aerospace, and many others. Metal recycling is considered a laborious task, which is creating lucrative opportunities for market players actively involved in performing several functions, such as recycling, sorting, and collecting.
“High Demand for Metal from Automotive and Construction Sectors”
Expanding automotive and construction industries are generating remunerative opportunities for providers of scrap metal recycling technologies to match increasing requirements for metals in the construction of residential buildings and automobile production Furthermore, higher prices of mining earth and limited availability of several earth metals are driving demand for scrap metal recycling.
Country-wise Insights
What is Contributing to Steady Increase in Demand for Scrap Metal Recycling in Germany?
“High Use of Recycled Metals in Germany as a Manufacturing Hub”
| Attribute | Germany |
|---|---|
| Market Value (2024E) | US$ 2.12 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 3.65 Billion |
As per the recently updated study by Fact.MR, a market research and competitive intelligence, Germany is projected to account for 18.7% of the scrap metal recycling market share in Western Europe by 2034. Recycling of ferrous and non-ferrous metals holds a significant role in the national economy. The country is one of the prominent manufacturing hubs for several industries, such as automotive, construction, heavy machinery, and many more. The use of recycled metal helps in saving energy prices and reducing CO2 emissions.
Which Trends are Responsible for Growing Sales of Scrap Metal Recycling Tools in Russia?
“Rising Emphasis on Circular Economy and Preference for Low Emission Metal Recycling Technologies”
| Attribute | Russia |
|---|---|
| Market Value (2024E) | US$ 2.69 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 4.59 Billion |
Russia is approximated to possess a share of 42.9% of the Eastern European market by the end of 2034. Growing emphasis by more officials in the country on circular economy is opening new doors for scrap metal recycling applications. These recycling technologies are becoming the preferred choice due to their lower emissions in several end-use industries, such as automotive, mining, aerospace, oil & gas, and others.
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Category-wise Insights
Constantly expanding automotive industry is positively impacting demand for scrap metal recycling. New vehicle production needs a huge amount of raw materials, such as metal, including aluminum, copper, and steel. Recycled metal assists in conserving natural resources and reducing requirements for virgin raw materials. Recycled metal is becoming a popular choice as a cost-effective material requiring less energy compared to new ones.
Which Recycling Method is Highly Popular in Europe?
“High Preference for Shearing Recycling Due to its High Precision”
| Attribute | Shearing |
|---|---|
| Segment Value (2024E) | US$ 6.81 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 11.72 Billion |
Fact.MR in its updated analysis states that shearing recycling is calculated to contribute a share of 38.8% of the regional market by 2034-end. Higher precision of shearing recycling techniques is contributing to their increased popularity. his technique fits well in several sectors due to its indispensability in offering clean and accurate cuts while reducing waste.
Which Type of Scrap Metal is Widely Utilized in the Region?
“Ferrous Scrap Metal Recycling Accounts for Leading Market Share”
| Attribute | Ferrous Scrap Metals |
|---|---|
| Segment Value (2024E) | US$ 12.87 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 22.02 Billion |
Based on metal type, ferrous scrap is evaluated to capture 72.9% share of the European market by 2034. The rising popularity of ferrous scrap metal is attributed to its high tensile strength and magnetic properties. In addition, its growing use for bridges, reinforcement bars, and structural frameworks is because of its durability and strength. In addition, ferrous scrap metal is also utilized in the production of industrial equipment, tools, and machinery.
Competition Landscape
Recently updated analysis by Fact.MR mentions that providers of scrap metal recycling technologies are incorporating strategies for expanding their reach to several end-use industries, such as automotive, aerospace, and others. They are also actively involved in enriching their existing portfolio while launching quality products.
For instance :
- Aurubis is one of the leading suppliers of non-ferrous metals operating globally with its headquarters in Germany, Europe. The company offers services in copper recycling.
Fact.MR provides detailed information about the price points of key providers of scrap metal recycling technologies positioned across Europe, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.
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Segmentation of Scrap Metal Recycling Study in Europe
-
By Metal Type :
- Ferrous Scrap Metal
- Stainless Steel
- Cast Iron
- Mild Steel
- Carbon Steel
- Non-ferrous Scrap Metal
- Copper
- Aluminum
- Nickel
- Lead
- Brass
- Zinc
- Gold
- Tin
- Others
- Ferrous Scrap Metal
-
By Scrap :
- New
- Old
-
By Recycling Method :
- Shearing
- Shredding
- Bailing
-
By End Use :
- Automotive
- Heavy Equipment
- Shipbuilding
- Construction
- Oil & Gas
- Mining
- Aerospace
- Energy & Power
- Railway & Transportation
- Others
-
By Region/Country :
- Western Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- BENELUX
- Nordic
- Rest of W. Europe
- Eastern Europe
- Russia
- Hungry
- Poland
- Balkan & Baltics
- Rest of E. Europe
- Western Europe
- FAQs -
How big is the market for scrap metal recycling in Europe in 2024?
The scrap metal recycling market in Europe is evaluated to reach a value of US$ 17.68 billion in 2024.
What is the demand outlook for scrap metal recycling by 2034?
The market for scrap metal recycling tools in Europe is projected to reach US$ 30.21 billion by 2034.
What is the forecasted CAGR for scrap metal recycling in Europe through 2034?
The European market is analyzed to expand at 5.5% CAGR from 2024 to 2034.
How much share of the Western European market is Germany analyzed to hold?
Germany is calculated to hold a share of 18.7% of the Western European market by 2034.
What is the projected demand value for scrap metal recycling in Hungry by 2034?
Revenue from scrap metal recycling in Hungary is forecasted to reach US$ 1.81 billion by 2034.
What is the contribution of ferrous scrap metal to regional market revenue?
Ferrous scrap metal is approximated to account for 72.9% of European market revenue by 2034.
Who are the key market players operating in the European market?
Aurubis AG, Eurometaux, Kuusakoski Oy, Kruger GmbH, and H-D. Ahrens GmbH are leading market players in Europe.
Scrap Metal Recycling Industry Analysis in Europe