Metal Recycling Market Size | Industry Trends & Forecast 2025

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Code: MTA10135

Publication Date: Oct 2025

What is the size of Metal Recycling Market?

According to 6Wresearch internal database and industry insights, the Global Metal Recycling Market was valued at USD 52 Billion in 2024 and is expected to reach USD 72 Billion by 2031, growing at a compound annual growth rate of 4.80% during the forecast period (2025-2031).

The primary factors contributing to this growth are the growing demand for sustainable materials, stricter environmental regulations, and an increasing emphasis on energy savings in manufacturing processes.

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Growth Factors for Metal Recycling Industry

Growing demand for recycled metals in the automobile and construction sectors.
Stricter government regulations are encouraging sustainable practices.
Increasing environmental conservation awareness in industry.
Advancing recycling technologies to provide improved efficiencies.
Urbanisation leading to an increased volume of metal waste.

Metal Recycling Market Trends

There are trends within the Metal Recycling Market, including the adoption of advanced sorting technology, increasing application of recycled material in manufacturing, and the transition to circular economies. Companies are looking into ways to increase efficiency in recycling and decrease energy consumption and greenhouse gas emissions. Additionally, a growing trend is recycling rare and precious metals from electronics to satisfy industry demands.

Emerging Developments in the Metal Recycling Market

Emerging developments in the Metal Recycling Market include the establishment of new recycling facilities equipped with state-of-the-art technology to process complex waste materials. For instance, Aurubis AG has commenced production at its newly built U.S. metal recycling plant in Richmond, Georgia, designed to process up to 180,000 metric tons of complex waste materials annually. This facility aims to reduce the country's reliance on imported copper and other metals, contributing to the growth of the metal recycling industry.