United States Non-Ferrous Scrap Recycling Market Size By Type (Aluminum Scrap, Lead Scrap, Copper Scrap, Zinc Scrap), By End Use Industry (Building & Construction, Manufacturing, Automotive, Consumer Electronics), By Geographic Scope And Forecast

United States Non-Ferrous Scrap Recycling Market Size And Forecast

United States Non-Ferrous Scrap Recycling Market size was valued at USD 21491.42 Million in 2024 and is projected to reach USD 34776.03 Million by 2031, growing at a CAGR of 6.84% from 2024 to 2031.

The demand for non-ferrous scrap recycling is growing across the United States due to the various advantages of recycling copper, zinc, tin, and other non-ferrous metals. The United States Non-Ferrous Scrap Recycling Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

United States Non-Ferrous Scrap Recycling Market Definition

Non-ferrous scrap refers to metal scrap containing metal, including aluminum, copper, zinc, tin, and other ferrous alloys. The rate of industrialization, urbanization, and infrastructure development is high in the United States; thus, a high amount of non-ferrous metal scrap is generated across the US. The US also imports non-ferrous metal scrap from different countries around the world. Recycling non-ferrous metal scrap can help in conserving tons of metal ores, coal, and other resources.

Furthermore, non-ferrous scrap recycling offers various lucrative benefits. Recycling non-ferrous metal scrap can help in saving natural resources. It also helps in reducing the consumption of energy. Recycling consumes a lesser amount of energy as compared to the new production of non-ferrous metals. It also decreases the rate of landfills pushing tons of metal scrap towards recycling and reuse. Thus, the rate of recycling non-ferrous metal scrap across the United States is growing.

Recycled non-ferrous scrap has a wide range of applications across consumer electronics, building & construction, manufacturing, automotive, shipbuilding, and the rest of others. Recycling doesn’t hamper the quality, physical, chemical, and mechanical properties of the non-ferrous metals; thus, recycled non-ferrous metals can replace the virgin non-ferrous metals across these various applications.Furthermore, the demand for non-ferrous scrap recycling is growing across the United States due to various advantages of recycling copper, zinc, tin, and other non-ferrous metals. Recycling copper consumes less energy compared to the energy needed for the mining and refining of virgin copper. It also incurs a lower cost to the company as it is cheaper in contrast to mining and extracting new, raw copper from mines.\

United States Non-Ferrous Scrap Recycling Market Overview

Manufacturing new metal is dynamic and complex, especially for the construction industry and companies. To increase their rampant revenue, the companies have adopted this method of turning old metal scraps into new metals that can be reused efficiently and also to cope with the global demand for metals. Recycling metal waste is a better alternative to landfills which is majorly responsible for the degradation of the environment. This method is eco-friendly for producing metal with less cost and energy to boost their businesses. For instance, use of lead reduces up to 98% of carbon dioxide emissions. Day by day, the rising need for metal, industrialization, and urbanization are the additional factors driving the recycling of metal market growth. The increasing focus on reducing greenhouse emissions and conserving natural resources will hike the metal recycling market during the forecast period.

Aluminum and metals must be manually separated from other recyclable materials such as plastic and paper. Metals, mainly aluminum, manage to degrade after each reuse cycle, so products utilizing recycled metals can change in quality. Still, most metals never achieve a point where they are not extended recyclable. Scrap metal recycling products use energy, albeit about 95 percent less than new production. Some states and local countries now have laws that mandate metals and other scrap metal recycling procedures. Florida’s Lee County needs the recycling of metals and scraps to create future recycling cheaper. Typers require rechecking government restrictions and norms before using any materials.

Metals can often be recycled in a closed loop without any degradation in grade; thus, recycling scrap metals reduces the waste produced and indirectly shortens the expense of bringing the new metal. Recycling ferrous metal diverges exceptional metal grades, perfect for manufacturing electric cars and aircraft components. Although scrap is the primary raw material for the secondary sector, the primary sector also uses scrap in the direction mix of BOF to the tune of 15% to enhance efficiency and minimize the cost of production and other process needs.

United States Non-Ferrous Scrap Recycling MarketSegmentation Analysis

The United States Non-Ferrous Scrap Recycling Market is segmented on the basis of Type, End Use Industry, and Geography.

United States Non-Ferrous Scrap Recycling Market, By Type

• Aluminum Scrap• Lead Scrap• Copper Scrap• Zinc Scrap• Tin Scrap• Nickel Scrap• Others

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Based on Type, the market is bifurcated into Aluminum Scrap, Lead Scrap, Copper Scrap, Zinc Scrap, Tin Scrap, Nickel Scrap, Others. The Aluminum Scrap segment accounted for the largest market share in 2021 and is projected to grow at the CAGR of 6.12% during the forecast period. The first metal forged was copper, followed by other non-ferrous metals, including silver and gold. Civilization developed from the Stone Age to the Copper Age to the Bronze Age. Non-ferrous metals were the first metals that humans used for metallurgy. One of the most expensive non-ferrous metals is copper. Due to its ability to transmit electricity, it is widely employed in manufacturing consumer items and building materials. It is a component of pipes, cables, and electrical parts. The majority of home and electronic appliances include copper. For instance, a computer has roughly 1.5 kg of copper in it. The amount of recycled copper used in civil infrastructure is about 90%.

United States Non-Ferrous Scrap Recycling Market, By End Use Industry

• Building & Construction• Manufacturing• Automotive• Consumer Electronics• Shipbuilding• Others

Based on End Use Industry, the United States Non-Ferrous Scrap Recycling Market has been segmented Building & Construction, Manufacturing, Automotive, Consumer Electronics, Shipbuilding, Others. The Building & Construction segment is accounted for the largest market share and is projected to grow at the highest CAGR of 6.60% during the forecast period. Numerous non-ferrous materials, including copper from pipes and tubing, Aluminum from window frames, shop fronts, curtain walling, door knobs, and other structures, and zinc from roofing and galvanized steel items, are gathered from the building industry. Low melting point, heavy, pliable, squishy, and with low tensile strength is lead. It is resistant to corrosion caused by numerous acids and moisture. Lead is commonly used in soldering, batteries, electrical power connections, and building construction. Building construction frequently makes use of Aluminum and its alloys. Aluminum has become a viable substitute as different types of wood have become more expensive and scarce. The use of it as roofing sheets is also gaining popularity. Metals like scrap iron and Aluminum are heavily utilized in the building sector for tasks like building roads and bridges.

United States Non-Ferrous Scrap Recycling Market, By Geography

• U.S West• North East• Mid-West• South East• South West

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Based on regional analysis, the United States Non-Ferrous Scrap Recycling Market is classified into U.S West, North East, Mid-West, South East, South West. West Segment accounted for the largest market share and is projected to grow at a CAGR of 6.22 % during the forecast period. The corporation Schnitzer’s nonferrous metal recycling facilities gather, trade, process, and recycle it (not containing iron). Due to the strategically positioned facilities, the company’s integrated platform facilitates the delivery of processed metals to steel mills and foundries worldwide for new production. Continuous financial investments in cutting-edge technologies offer high-quality, productive scrap metal processing. The company buys scrap metal from Alaska, Hawaii, and the Western United States. The company’s proximity to significant industrial suppliers, railways, deep-water ports, and major highways provides strong supply sources and competitive advantage. Processed scrap metal may be sent wherever demand is highest.

Key Players

The major players in the market are Sims Metal Management Inc., OmniSource Corp., American Iron & Metal Co Inc., SA Recycling, Alter Trading Corporation, Tube City Inc., Philip Metals Inc., Hugo Neu Corp, Ferrous Processing & Trading Corp, Commercial Metals Co., and others.

Key Developments

• In October 2021, the acquisition, which has an enterprise value of $775 million, was announced by Cleveland-Cliffs, the largest steel producer in North America, and Ferrous Processing and Trading Co. a metal recycler.

• In November 2020, Global recycler Sims Metal Management has resumed nonferrous scrap shipments to China in accordance with the country’s recently established scrap import policy, and the company’s outlook for the upcoming year has improved as a result of the lowering of import quotas.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides