$23.1bn
$XX.Xbn
13,547
220
$X.Xbn
The Nonferrous Metal Recycling industry revenue has faltered due to poor operating conditions and weakening demand from several key markets. However, industry revenue is primarily a function of nonferrous metal prices, which experienced significant volatility over the past five years due to the cyclical nature of metal prices on world markets. So, industry-wide revenue has decreased at a CAGR of 0.2% to $23.3 billion over the five years to 2023, including an estimated 6.8% decrease in 2023 alone, when profit is projected to decrease to 4.3%.The industry has had to contend with considerable import penetration and external competition from manufacturers of primary nonferrous metals (IBISWorld report 33141), which have presented a significant source of external competition for the copper segment in particular. Moreover, COVID-19 and the temporary closure of downstream market establishments resulted in a significant revenue contraction in 2020.The Nonferrous Metal Recycling industry is expected to benefit from rebounding industrial production, construction activity and manufacturing output; this will boost demand and help nonferrous metal prices hike, resulting in stable profit and revenue increases. Moreover, recovering these resources from scrap will become increasingly important as global consumption of cars and other products that require nonferrous metal inputs continues to expand, putting pressure on the world's supply of these resources in primary form. Industry revenue is expected to increase at a CAGR of 1.5% to $25.1 billion over the five years to 2028.
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $23.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Commercial Metals Company | 672.9 | 78.2 | 11.6 |
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Industry revenue is measured across several distinct product and services lines, including Other nonferrous metals, including powder metallurgy products, Aluminum and Precious metals. Other nonferrous metals, including powder metallurgy products is the largest segment of the Nonferrous Metal Recycling in the US.
Aluminum is the lightweight recycling champion with numerous applications
This industry recovers copper, aluminum, lead and other nonferrous metals from scrap and then manufactures primary forms (e.g. bar, billet, bloom, cake, ingot, slab, slug and wire) from the recovered metals through secondary smelting and refining processes.
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NAICS 56292 - Nonferrous Metal Recycling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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The industry positions itself close to clients to reduce transportation costs and lead time. Nonferrous metal recycling plants tend to be located in manufacturing regions, as...
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The Nonferrous Metal Recycling industry competes based on product price, quality, reliability and turnaround time. Companies also strive to maintain competitive advantages wi...
Learn about the performance of the top companies in the industry.
Commercial Metals Co. generates a significant share of its nonferrous brokerage revenue from export sales. The company benefits from its convenient location in both North Ame...
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The Nonferrous Metal Recycling industry is subject to federal, state and local laws and regulations to protect the environment. These regulations restrict material discharge,...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The average Nonferrous Metal Recycling industry allocated the bulk of its revenue toward purchase costs, with all other costs relatively small in comparison.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Nonferrous Metal Recycling in the US industry in United States is $23.1bn in 2024.
There are 220 businesses in the Nonferrous Metal Recycling in the US industry in United States, which has declined at a CAGR of 2.5 % between 2019 and 2024.
The market size of the Nonferrous Metal Recycling in the US industry in United States has been growing at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Nonferrous Metal Recycling in the US industry in United States is expected to grow.
The biggest company operating in the Nonferrous Metal Recycling market in United States is Commercial Metals Company
Recycling copper scrap and Recycling aluminum scrap are part of the Nonferrous Metal Recycling in the US industry.
The company holding the most market share in United States is Commercial Metals Company.
The level of competition is moderate and increasing in the Nonferrous Metal Recycling in the US industry in United States.