Metal Recycling Market is valued at USD 346.86 Billion in 2018 and expected to reach USD 468.56 Billion by 2025 with a CAGR of 4.39% over the forecast period – Increasing government regulations on waste recycling and management is the key factor driving the growth of Global Metal Recycling Market.
Metal recycling market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Metal Recycling market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Metal Recycling Market Analysis
Scrap metal is one of the most valuable products that can be recycled, and it encompasses so many consumer products. From appliances to batteries to cans to clothes hangers, metal is everywhere in homes and offices. Recycling metal is important to keep this limited supply material out of landfills, to make money, and for environmental concerns. Although every kind of metal can be recycled again and again without degradation of properties, currently, only 30 percent of metal is recycled.
Major factors driving the growth of metal recycling market are rising government regulations on waste recycling and management and increasing focus towards efficient utilization of natural resources. In addition, growing industrialization and urbanization, rising income, and spending capability of people in developing economies such as China, Brazil and India are also anticipated to foster the demand for metal recycling within the coming few years. Furthermore, rising demand for metal recycling in various end use industries including electronic, building and construction, metal fabrication, automotive, medical and healthcare equipments and packaging among others is also anticipated to supplement the growth of global metal recycling market. However, unavailability of organized metal waste collection practice in various developing countries is one of the restraining factors for this market. In spite of that, rising demand for recovering metal from slag residue can be an opportunity for metal recycling market.
Metal Recycling Market Trend
Metal Recycling Market Revenue (USD Billion) Analysis by Regional and Global, 2019-2025
Key Players of Metal Recycling Market are like ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, Schnitzer Steel Industries, Inc., Novelis Inc, Norton Aluminium Lts., Real Alloy, Tom Martin & Co Ltd. and others.
Metal Recycling Market Segmentation –
By Metal Type:
Ferrous Metal
Non-ferrous Metal
By End-User:
Building & Construction
Packaging
Automotive
Industrial Machinery
Electronics & Electrical Equipment
Shipbuilding
Others
By Region:
North America
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
Mexico
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Metal Recycling Market Key Players
ArcelorMittal
Nucor Corporation
Commercial Metals Company
SIMS Metal Management Limited
Aurubis AG
European Metal Recycling Limited
Tata Steel
Dowa Holdings Co., Ltd.
OmniSource Corporation
Schnitzer Steel Industries, Inc.
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