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The Future of Scrap: Recycled Materials Market Set to Nearly Double by 2034
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The Future of Scrap: Recycled Metal Market Set to Nearly Double by 2034
The recycled metals market isn’t slowing down anytime soon. In fact, it’s expected to almost double in size by 2034 - growing from roughly $72 billion today to $144 billion. 🚀
That growth is fueled by demand across construction, electronics, and aerospace. As cities expand, technology advances, and industries push toward sustainability, recycled metals are becoming more critical than ever.
Fragmented Market = Big Opportunity
Here’s what really stands out: even with all this growth, the top 10 players only control about 22% of the market. That means the majority of the industry is still made up of independent and mid-sized operators.
For scrap yards, that’s not a disadvantage - it’s an opening. There’s massive room for those who can scale faster, work smarter, and win market share through efficiency and customer trust.
Why This Matters for Yards
Fragmentation + growth means two things:
- Competition will heat up as demand rises.
- The advantage goes to yards with the right tools.
When scrap yards rely on paper tickets, disconnected systems, or outdated software, it’s easy to miss out on opportunities. Margins get thinner, reporting gets messy, and scaling gets harder.
Innovation Focus
At ReMatter, we’ve built the software that helps scrap yards stay ahead of the curve - and we’re continually rolling out new products and features to make sure our customers can move faster, scale smarter, and capture their share of this booming market.
The future of recycled metals isn’t just bigger. It’s smarter, more connected, and driven by innovation.
👉 Read the full article on Yahoo here.
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