GITNUX MARKETDATA REPORT 2024

Metal Recycling Industry Statistics

The metal recycling industry plays a significant role in conserving resources and reducing environmental impact by processing and recycling various types of metal products.

Statistic 1

"The EU reached a recycling rate of 63% for iron and steel in 2018."

Sources Icon

Statistic 2

"The global metal recycling market was valued at USD 52.1 billion in 2020."

Sources Icon

Statistic 3

"North America holds a 30% share of the global scrap metal recycling market."

Sources Icon

Statistic 4

"Recycling aluminum saves 95% of the energy required to produce new aluminum from raw materials."

Sources Icon

Statistic 5

"China is the world's largest importer of scrap metal."

Sources Icon

Statistic 6

"Recycling one ton of steel conserves 2500 pounds of iron ore, 1400 pounds of coal, and 120 pounds of limestone."

Sources Icon

Statistic 7

"The recycling of one ton of aluminum saves 14,000 kWh of energy."

Sources Icon

Statistic 8

"The U.S. recycling rate for aluminum cans is around 50%."

Sources Icon

Statistic 9

"Japan’s metal recycling rate stands at approximately 98%."

Sources Icon

Statistic 10

"Metal scrap exports account for about 15% of the total value of metal recycling."

Sources Icon

Statistic 11

"In 2019, the scrap metal recycling industry in the U.S. processed 138 million metric tons."

Sources Icon

Statistic 12

"The U.S. recycling industry employs over 500,000 people."

Sources Icon

Statistic 13

"The global scrap metal recycling market is expected to reach USD 340 billion by 2027."

Sources Icon

Statistic 14

"The metal recycling industry in India is projected to grow at a compound annual growth rate of 7.5% from 2020 to 2027."

Sources Icon

Statistic 15

"In 2020, the U.K. recycled approximately 10 million metric tons of scrap metal."

Sources Icon

Statistic 16

"The cost to set up a metal recycling plant varies from $2 million to $10 million depending on the scale and types of metal processed."

Sources Icon

Statistic 17

"Recycled metals account for over 40% of crude steel production globally."

Sources Icon

Statistic 18

"The recycling rate of lead batteries in the U.S. is about 99%."

Sources Icon

Statistic 19

"Recycling steel reduces greenhouse gas emissions by 80% compared to producing new steel."

Sources Icon

Statistic 20

"The European metal recycling industry generates an annual revenue of approximately $95 billion."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!