Brazil Scrap Metal Recycling Market
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Brazil Scrap Metal Recycling Market, By Metal (Ferrous, Non-ferrous); By Scrap Type (Old Scrap, New Scrap); By Equipment (Shredders, Shears, Granulating Machines, Briquetting Machines); By End User (Building & Construction, Automotive, Equipment Manufacturing, Shipbuilding, Packaging, Consumer Appliances, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: May 2024
- Report ID: BWC24387
- Available Format: PDF
- Page: 200
Report Overview
An increasing focus on thwarting rising raw material prices and addressing the growing concerns for environmental sustainability is expected to boost the growth of Brazil Scrap Metal Recycling Market during the forecast period between 2024 and 2030.Brazil Scrap Metal Recycling Market - Industry Trends & Forecast Report, 2030
The Brazil Scrap Metal Recycling Market size was estimated to be worth USD 640.22 million in 2023. During the forecast period between 2024 and 2030, the Brazil Scrap Metal Recycling Market size is projected to grow at a CAGR of 5.12%, reaching a value of USD 890.19 million by 2030. Major growth factors for the Brazil Scrap Metal Recycling Market include rising urbanization and industrialization and an increasing demand for steel and other metals. Additionally, the government and private sectors are encouraging recycling due to the diminishing levels of natural resources, which is expected to fuel the growth of the Brazil metal recycling market over the forecast period.
Scrap Metal Recycling – Overview
Scrap metal recycling is removing and reusing metal parts from end-of-life products and buildings to be used as raw materials to make new products. Items like poles, ropes, and bars may be made from this recycled metal. The primary goal of the scrap metal cycle is to recycle and reuse metals rather than dispose of them in landfills. Recycling metal lowers the quantity of new metal that has to be mined, protecting animal habitats and water quality. Metal may be recycled indefinitely.
Brazil Scrap Metal Recycling Market
Growth Drivers
Rising Focus on Recycling for Sustainability
The increasing environment awareness and rising focus towards sustainability is emerging as one of the major driving factor for the Brazil scrap metal recycling market. Recycling scrap metal lessens the demand for raw material extraction and mining, which contributes to the preservation of natural resources. Redirecting scrap metal from landfills contributes to waste reduction as well. Recycling is important, as it is a profitable sector that lowers carbon emissions and generates employment. One of the most recycled materials in the nation is steel. Positive government initiatives to lower carbon emissions are also anticipated to propel market expansion.
Challenges
Informal Sector of Metal Recycling
The scrap metal recycling sector in Brazil is inherently informal, which makes it difficult for the authorities to track and regulate the recycling process. The lack of regulations limits the safety regulations for recycled metal that will be further used in the end user industries, including construction and automotive. As a result, the final products in these industries may or may not meet international safety standards. This acts as a major restraining factor for the Brazil scrap metal recycling market.
Brazil Scrap Metal Recycling Market
Segmental Coverage
Brazil Scrap Metal Recycling Market – By Metal
Based on metal, the Brazil Scrap Metal Recycling Market is segmented into ferrous and non-ferrous. The ferrous segment is further divided into iron and steel. The non-ferrous segment is further sub-segmented into copper, aluminum, lead, and others. The ferrous segment holds a larger share of Brazil Scrap Metal Recycling Market, as recycled iron and steel have a wide range of applications in various industries, including automotive, consumer goods, and building & construction. The building & construction sector uses a significant amount of scrap iron and aluminum metal for a variety of projects, including bridge and highway construction, which drives the demand for ferrous scrap metal.
Brazil Scrap Metal Recycling Market – By Equipment
Based on equipment, the Brazil Scrap Metal Recycling Market is segmented into shredders, shears, granulating machines, and briquette machines. The shredders segment accounts for the highest market share in the Brazil Scrap Metal Recycling Market by equipment.
Brazil Scrap Metal Recycling Market – By End User
Based on end user, the Brazil Scrap Metal Recycling Market is segmented into building & construction, automotive, equipment manufacturing, shipbuilding, packaging, consumer appliances, and others. The building & construction segment dominates the Brazil Scrap Metal Recycling Market by end user. The growth in the construction projects, particularly in the industrial, commercial, and energy & utilities sectors, for infrastructural growth in the country is boosting the demand for scrap metals. The automotive industry also holds a substantial market share owing to the presence of leading automotive manufacturers, such as Kia, BMW, General Motors, and Hyundai, in the country.
Competitive Landscape
Major players operating in the Brazil Scrap Metal Recycling Market include Gerdau S.A., Companhia Brasileira de Alumínio (CBA), Metallic, R.S. Metais, Brasil Metals, WR Metais, Cobrecom, and Recemil.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Brazil |
Product/ Service Segmentation |
Metal, Scrap Type, Equipment, End User |
Key Players |
Gerdau S.A., Companhia Brasileira de Alumínio (CBA), Metalic, R.S. Metais, Brasil Metals, WR Metais, Cobrecom, Recemil |
By Metal
-
Ferrous
-
Iron
-
Steel
-
Non-ferrous
-
Copper
-
Aluminum
-
Lead
-
Others
By Scrap Type
-
Old Scrap
-
New Scrap
By Equipment
-
Shredders
-
Shears
-
Granulating Machines
-
Briquetting Machines
By End User
-
Building & Construction
-
Automotive
-
Equipment Manufacturing
-
Shipbuilding
-
Packaging
-
Consumer Appliances
-
Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Brazil Scrap Metal Recycling Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing Concern for Environmental Sustainability
- Government Initiatives
- Rising Raw Material Prices
- Restraints
- Informal Sector
- Logistics Challenges
- Fluctuations in Global Demand
- Opportunities
- Technological Advancements
- Export Potential
- Focus on Quality
- Challenges
- Various Environmental Regulations
- Illegal Scrap Metal Trade
- Financing and Investment
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Brazil Scrap Metal Recycling Market: Marketing Strategies
- Brazil Scrap Metal Recycling Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Thousand Tons)
- Market Share & Forecast
- By Metal
- Ferrous
- Iron
- Steel
- Non-ferrous
- Copper
- Aluminum
- Lead
- Others
- Ferrous
- By Scrap Type
- Old Scrap
- New Scrap
- By Equipment
- Shredders
- Shears
- Granulating Machines
- Briquetting Machines
- By End User
- Building & Construction
- Automotive
- Equipment Manufacturing
- Shipbuilding
- Packaging
- Consumer Appliances
- Others
- By Metal
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- Brazil Scrap Metal Recycling Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on Brazil Scrap Metal Recycling Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Gerdau S.A.
- Companhia Brasileira de Alumínio (CBA)
- Metalic
- R.S. Metais
- Brasil Metals
- WR Metais
- Cobrecom
- Recemil
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Brazil Scrap Metal Recycling Segmentation
Figure 2 Brazil Scrap Metal Recycling Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Brazil Scrap Metal Recycling Market Share, By Material, By Value (USD Million), 2019–2030
Figure 4 Brazil Scrap Metal Recycling Market Share, By Material, By Volume, 2019–2030
Figure 5 Brazil Scrap Metal Recycling Market Share, By Scrap Type, By Value, 2019–2030
Figure 6 Brazil Scrap Metal Recycling Market Share, By Scrap Type, By Volume, 2019–2030
Figure 7 Brazil Scrap Metal Recycling Market Share, By Equipment, By Value, 2019–2030
Figure 8 Brazil Scrap Metal Recycling Market Share, By Equipment, By Volume, 2019–2030
Figure 9 Brazil Scrap Metal Recycling Market Share, By End User, By Value, 2019–2030
Figure 10 Brazil Scrap Metal Recycling Market Share, By End User, By Volume, 2019–2030
List of Tables
Table 1 Brazil Scrap Metal Recycling Market Share, By Material, By Value (USD Million), 2019–2030
Table 2 Brazil Scrap Metal Recycling Market Share, By Material, By Volume, 2019–2030
Table 3 Brazil Scrap Metal Recycling Market Share, By Scrap Type, By Value, 2019–2030
Table 4 Brazil Scrap Metal Recycling Market Share, By Scrap Type, By Volume, 2019–2030
Table 5 Brazil Scrap Metal Recycling Market Share, By Equipment, By Value, 2019–2030
Table 6 Brazil Scrap Metal Recycling Market Share, By Equipment, By Volume, 2019–2030
Table 7 Brazil Scrap Metal Recycling Market Share, By End User, By Value, 2019–2030
Table 8 Brazil Scrap Metal Recycling Market Share, By End User, By Volume, 2019–2030
Table 9 Gerdau S.A. Company Overview
Table 10 Gerdau S.A. Financial Overview
Table 11 Companhia Brasileira de Alumínio (CBA) Company Overview
Table 12 Companhia Brasileira de Alumínio (CBA) Financial Overview
Table 13 Metalic Company Overview
Table 14 Metalic Financial Overview
Table 15 R.S. Metais Company Overview
Table 16 R.S. Metais Financial Overview
Table 17 Brasil Metals Company Overview
Table 18 Brasil Metals Financial Overview
Table 19 WR Metais Company Overview
Table 20 WR Metais Financial Overview
Table 21 Cobrecom Company Overview
Table 22 Cobrecom Financial Overview
Table 23 Recemil Company Overview
Table 24 Recemil Financial Overview
Table 25 Other Prominent Players Company Overview
Table 26 Other Prominent Players Financial Overview
Market Segmentation
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