Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Type (Iron, Copper, Aluminum, Lead), By Applications (Residential & Commercial, Industrial) And Competitive Landscape
Product Code: ETC057215 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific scrap metal recycling market |
Forecast Period | 2025-2031 |
Market Size | USD 90 billion by 2031 |
CAGR | 6.2% |
Growing Sector | Industrial |
Asia Pacific scrap metal recycling market report thoroughly covers by Countries,Type, Applications.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific scrap metal recycling market has been witnessing significant growth, driven by the region's rapid industrialization, urbanization, and rising environmental awareness. The market size was valued at approximately USD 50 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% during the forecast period 2025–2031. This growth is fueled by increasing demand for recycled metals in various industries, including construction, automotive, and electronics, alongside stringent regulations aimed at reducing waste and promoting sustainability.
The market for scrap metal recycling in Asia Pacific has been expanding significantly due to the region's growing urbanization and industrialization. Because of their strong manufacturing sectors and increasing focus on sustainable practices, nations like China, India, Japan, and South Korea are major contributors. The industry's growth is also being furled by government programs that encourage recycling and resource optimization.
According to 6Wresearch, the Asia Pacificscrap metal recycling market is anticipated to grow at a CAGR of 6.2%during the forecast period 2025-2031. Several key drivers contribute to the Asia Pacific scrap metal recycling market growth. Firstly, rapid industrialization and urbanization have significantly increased the generation of scrap metal, creating a steady supply for recycling purposes. Secondly, the rising adoption of sustainable practices by companies and governments is encouraging the use of recycled materials to minimize resource depletion and carbon emissions. The introduction of stricter environmental regulations is further driving the shift towards recycling as businesses aim to comply with eco-friendly standards. Additionally, advancements in recycling technologies have enhanced the efficiency and quality of metal recovery, making recycling a more viable and profitable option.
The APAC scrap metal recycling market has a number of obstacles in spite of its many motivators. In certain places, one of the main problems is the absence of suitable facilities and infrastructure for the effective collection and processing of scrap materials. Furthermore, the sector frequently faces contamination and uneven quality of waste metal, which can make recycling more difficult and lower profitability. The economic viability of recycling operations is also impacted by fluctuations in the price of metals globally. Additionally, some countries' low knowledge and acceptance of recycling procedures impede the market's overall expansion.
Several new trends are influencing the growth of the scrap metal recycling market in Asia-Pacific. The growing use of cutting-edge technologies, such robotics and artificial intelligence (AI), to improve sorting and processing efficiency is one noteworthy trend. The quality of recycled materials will be improved and contamination levels will be decreased thanks to these advancements. The increasing focus on circular economy principles, which is being promoted by governments and corporations to reduce waste and manage resources sustainably, is another noteworthy trend. Furthermore, the region's growing industrialization and urbanization have increased the amount of scrap metal produced, which has both advantages and disadvantages for the recycling sector. Public-private sector collaboration projects that emphasize harmonizing legislation, enhancing infrastructure, and increasing public understanding of the advantages of recycling are also becoming more popular.
Due to its quick expansion and changing characteristics, the scrap metal recycling industry in Asia Pacific offers a wide range of investment opportunities. Businesses interested in cutting-edge recycling technologies and sustainable solutions have more opportunities as a result of the growing adoption of circular economy principles. Businesses who specialize in refining recycled materials or provide sophisticated equipment for automated sorting and processing stand to gain from the rising demand. Furthermore, when governments give waste management programs top priority, investments in infrastructure development—such as the construction of effective collection networks and state-of-the-art recycling facilities—can generate significant returns. The region's developing markets, which are fueled by urbanization and industrialization, also offer unrealized growth potential.
Numerous well-known companies dominate the scrap metal recycling market in Asia Pacific, propelling efficiency and innovation in the sector. Businesses like BaoSteel Group Corporation, Tata Steel Limited, and Sims Limited have made a name for themselves as important players in the recycling ecology of the area. These companies use cutting-edge technologies to enhance scrap metal collecting, processing, and refinement, guaranteeing greater recovery rates and high-quality results. Furthermore, local businesses like Hanwa Co., Ltd. and Dowa Holdings are important in meeting the demands of the regional market by providing customized recycling solutions. Many of these major companies are likewise committed to sustainability-driven practices, promoting environmental stewardship and coordinating their business plans with the goals of the circular economy.
Government rules are crucial in forming the metal recycling sector because they establish guidelines that support environmentally friendly behavior and guarantee adherence to legislation. Tight regulations, such recycling requirements and waste management rules, incentivize businesses to implement environmentally friendly practices and reduce landfill disposals. Recycling plants must, for example, implement technology that lower pollutants during metal processing in order to comply with emission control rules. Additionally, a lot of governments offer incentives, like tax breaks and subsidies, to companies that invest in cutting-edge sustainability initiatives or reach recycling efficiency goals.
Asia Pacific scrap metal recycling industry is expected to grow significantly over the next several years due to factors like urbanization, greater industrialization, and growing awareness of sustainable practices. It is anticipated that the region's operating efficiency will be improved by the quick development of recycling technologies and the use of automation in sorting and processing. The need for recycled metals to assist green manufacturing is also being increased by nations like China, India, and Japan stepping up their efforts to lessen their carbon impact. The demand for recycled materials is anticipated to increase as a result of APAC's increased focus on infrastructure development and the growth of the renewable energy industry.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ashutosh, Senior Research Analyst, 6Wresearch,China is expected to lead the metal recycling market in the Asia Pacific region due to its massive industrial base, rapid urbanization, and stringent environmental policies. With the government prioritizing circular economy initiatives and imposing stricter regulations on waste management, the demand for recycled metals in China is anticipated to grow significantly.
Industrial segment is expected to lead the market due to the high volume of scrap metal generated by manufacturing, construction, and heavy machinery industries. These industries rely heavily on recycled metals to reduce costs and adhere to stricter environmental regulations.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Scrap Metal Recycling Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Scrap Metal Recycling Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Scrap Metal Recycling Market - Industry Life Cycle |
3.4 Asia Pacific Scrap Metal Recycling Market - Porter's Five Forces |
3.5 Asia Pacific Scrap Metal Recycling Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Scrap Metal Recycling Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Asia Pacific Scrap Metal Recycling Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Asia Pacific Scrap Metal Recycling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Scrap Metal Recycling Market Trends |
6 Asia Pacific Scrap Metal Recycling Market, 2021 - 2031 |
6.1 Asia Pacific Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 Asia Pacific Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
7 China Scrap Metal Recycling Market, 2021 - 2031 |
7.1 China Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 China Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
8 India Scrap Metal Recycling Market, 2021 - 2031 |
8.1 India Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 India Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
9 Japan Scrap Metal Recycling Market, 2021 - 2031 |
9.1 Japan Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 Japan Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
10 Australia Scrap Metal Recycling Market, 2021 - 2031 |
10.1 Australia Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Australia Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
11 Indonesia Scrap Metal Recycling Market, 2021 - 2031 |
11.1 Indonesia Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
11.2 Indonesia Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
12 Philippines Scrap Metal Recycling Market, 2021 - 2031 |
12.1 Philippines Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
12.2 Philippines Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
13 Thailand Scrap Metal Recycling Market, 2021 - 2031 |
13.1 Thailand Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
13.2 Thailand Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
14 Malaysia Scrap Metal Recycling Market, 2021 - 2031 |
14.1 Malaysia Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
14.2 Malaysia Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
15 Singapore Scrap Metal Recycling Market, 2021 - 2031 |
16 Rest of Asia Scrap Metal Recycling Market, 2021 - 2031 |
16.1 Rest of Asia Scrap Metal Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
16.2 Rest of Asia Scrap Metal Recycling Market, Revenues & Volume, By Applications, 2021 - 2031 |
17 Asia Pacific Scrap Metal Recycling Market Key Performance Indicators |
18 Asia Pacific Scrap Metal Recycling Market - Opportunity Assessment |
18.1 Asia Pacific Scrap Metal Recycling Market Opportunity Assessment, By Countries, 2021 & 2031F |
18.2 Asia Pacific Scrap Metal Recycling Market Opportunity Assessment, By Type, 2021 & 2031F |
18.3 Asia Pacific Scrap Metal Recycling Market Opportunity Assessment, By Applications, 2021 & 2031F |
19 Asia Pacific Scrap Metal Recycling Market - Competitive Landscape |
19.1 Asia Pacific Scrap Metal Recycling Market Revenue Share, By Companies, 2024 |
19.2 Asia Pacific Scrap Metal Recycling Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |