Metal Recycling Market: Global Industry Analysis and Forecast (2023-2029) Scrap Type, Equipment, End-User and Region

Metal Recycling Market was valued at US$ 61.47 Bn. in 2022. Global Metal Recycling Market size is expected to grow at a CAGR of 6.01 % through the forecast period.

Metal Recycling Market Overview:

Metal recycling is defined as the reprocessing of scrap metal into valuable products. Metal recycling refers to systematically collecting various metals at the end of their useful life, and sorting them according to metal types and quality. This step is followed by processing, purifying and finally making brand new products using the recycled metals. Metal recycling process conserves natural resources by reducing greenhouse gas emissions and using less energy than making metal from virgin ore. The production of new metal releases a far greater amount of greenhouse gas emissions compared to making products from recycled metal. Metal Recycling MarketTo know about the Research Methodology :- Request Free Sample Report Metal recycling is one of the industrially and environmentally important process. Metal recycling helps to Reduces the amount of waste sent to landfills and incinerators, Conserves natural resources such as timber, water and minerals, Increases economic security by tapping a domestic source of materials, Prevents pollution by reducing the need to collect new raw materials and Saves energy. The report explores the Metal Recycling Market's segments (Connectivity and Content, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2022 to 2029. The report investigates the Metal Recycling Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Metal Recycling Market's contemporary competitive scenario.

Metal Recycling Market Dynamics:

The primary driver of market expansion is the rising demand for metals, which is being accompanied by a growing emphasis on resource conservation and greenhouse gas emission reduction. Recycling metal enables businesses to obtain raw materials without compromising the quality of the products they produce. The market is also influenced by the increased interest in recycling metals for energy savings and the growing awareness of the efficient use of natural resources. Additionally, the market for metal recycling is positively impacted by the development in environmental concerns, increase in investments, rise in awareness, and availability of awareness programmes for sustainable waste management techniques. The building and construction, packing, automotive, industrial machinery, and shipbuilding industries are just a few of the industries that employ metals. Global building activity expansion is anticipated to drive the growth of the metal recycling market. Rapid urbanisation increases government and consumer investment on housing and infrastructure development, which has a substantial positive impact on the metal recycling business. The market for recycled metal is growing as a result of manufacturers' high acceptance of the method for getting raw materials to make completed items without altering their qualities and the existence of government-enforced laws and regulations. The automobile sector makes substantial use of metal. Engine components and a wide range of other auto parts, including hoods, mufflers, fundamental vehicle chassis for doors, and fuel tanks, are made of steel. As a result, it is anticipated that the market for metal recycling would grow. Metal production would require less energy and ore if most people recycled metal and metal products on a regular basis. This will result in a decrease in the actual cost of purchasing metal, which will enable you to save some money and fuel the growth of the metal recycling business. Raising public awareness of the diseases that air pollution causes, such as respiratory illnesses. When any industry creates a new metal product, they occasionally emit highly hazardous emissions into the air, increasing the harmful levels of air pollution in cities and maybe endangering your and other people' respiratory health. Due to the rapidly expanding public awareness of the advantages of using metal wastes, the industry for metal recycling seems to have a promising future. Key market trends in the metal recycling industry include worries about the depletion of rare earth metals as well as strict government laws and environmental protection standards. The economy and market actors are anticipated to gain a lot from metal recycling technologies.

Metal Recycling Market Segment Analysis:

Based on the Metal Type, the metal recycling market is segmented into ferrous metal and non- ferrous metal. Ferrous metal would have dominance in the market with a market share high during the forecast period for metal recycling market. Because of Ferrous scrap metal accounts for the largest volume of metal scrapped world-wide and A ferrous metal is typically more resistant to rust and staining than non-ferrous metal. Based on the Scrap Type, the metal recycling market is segmented into old scrap and new scrap. Old scrap would have dominance in the market with a market share high during the forecast period for metal recycling. Old scrap is the most used Scrap type because reducing greenhouse gas emissions and using less energy than making metal. Based on Equipment, the metal recycling market is segmented into shredders, shears, granulating machines and briquetting machines. Shredders equipment would have dominance in the market with a market share high during the forecast period for metal recycling Market. Due to benefit of recycling reduces air pollution and environmental hazards. Shredded scrap is easier to manage and provides a dense mix when blended with other stock. The shredded scrap is automatically segregated into ferrous and non-ferrous materials. Metal Recycling Market

Metal Recycling Market Regional Insights:

Asia pacific is anticipated to be the largest and fastest growing market and the growth is attributed to the increasing economic growth. Increasing demand of metal from emerging nations like India and China is expected to boost the regional market. North America is expected to show considerable growth due to stringent rules imposed by government authorities to stop illegal and exploitation of mines and metal reserves and well-established construction and automobile sectors in the region.

Metal Recycling Market Scope: Inquire before buying

Metal Recycling Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 61.47 Bn.
Forecast Period 2023 to 2029 CAGR: 6.01 % Market Size in 2029: US $ 92.5Bn.
Segments Covered: by Metal Type • Ferrous Metal • Non-Ferrous Metal
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

Metal Recycling Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

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. • Baosteel Co. Ltd. • REMONDIS SE & Co. KG • Novelis Aluminum • Norton Aluminum Ltd • Kuusakoski • REAL ALLOY • Tom Martin & Co Ltd. • TMS International • PSC Metals • Mervis Industries • Upstate Metal Recycling • Cozzi Recycling • Upstate Metal Recycling • SUNRISE METAL RECYCLING LTD • GFG Alliance • BL Duke Frequently Asked Questions: 1] What segments are covered in the Global Metal Recycling Market report? Ans. The segments covered in the Metal Recycling Market report are based on Type of metal, type of scrap, equipment and end user. 2] Which region is expected to hold the highest share in the Global Metal Recycling Market? Ans. Asia Pacific region is expected to hold the highest share in the Metal Recycling Market. 3] What is the market size of the Global Metal Recycling Market by 2029? Ans. The market size of the Metal Recycling Market by 2029 is expected to reach US$ 92.5 Bn. 4] What is the forecast period for the Global Metal Recycling Market? Ans. The forecast period for the Metal Recycling Market is 2023-2029. 5] What was the market size of the Global Metal Recycling Market in 2022? Ans. The market size of the Metal Recycling Market in 2022 was valued at US$ 61.47 Bn.
1. Global Metal Recycling Market: Research Methodology 2. Global Metal Recycling Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Metal Recycling Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Metal Recycling Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Metal Recycling Market Segmentation 4.1 Global Metal Recycling Market, By Metal type (2022-2029) • Ferrous Metal • Non-Ferrous Metal 4.2 Global Metal Recycling Market, By Scrap type (2022-2029) • Old Scrap • New Scrap 4.3 Global Metal Recycling Market, By Equipment (2022-2029) • Shredders • Shears • Granulating Machines • Briquetting Machines 4.4 Global Metal Recycling Market, By End user (2022-2029) • Building & Construction • Automotive • Equipment Manufacturing • Shipbuilding • Packaging • Consumer Appliances • Others 5. North America Metal Recycling Market (2022-2029) 5.1 North America Metal Recycling Market, By Metal type (2022-2029) • Ferrous Metal • Non-Ferrous Metal 5.2 North America Metal Recycling Market, By Scrap type (2022-2029) • Old Scrap • New Scrap 5.3 North America Metal Recycling Market, By Equipment (2022-2029) • Shredders • Shears • Granulating Machines • Briquetting Machines 5.4 North America Metal Recycling Market, By End user (2022-2029) • Building & Construction • Automotive • Equipment Manufacturing • Shipbuilding • Packaging • Consumer Appliances • Others 5.5 North America Metal Recycling Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Metal Recycling Market (2022-2029) 6.1. Asia Pacific Metal Recycling Market, By Metal type (2022-2029) 6.2. Asia Pacific Metal Recycling Market, By Scrap type (2022-2029) 6.3. Asia Pacific Metal Recycling Market, By Equipment (2022-2029) 6.4. Asia Pacific Metal Recycling Market, By End user (2022-2029) 6.5. Asia Pacific Metal Recycling Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Metal Recycling Market (2022-2029) 7.1 Middle East and Africa Metal Recycling Market, By Metal type (2022-2029) 7.2. Middle East and Africa Metal Recycling Market, By Scrap type (2022-2029) 7.3. Middle East and Africa Metal Recycling Market, By Equipment (2022-2029) 7.4. Middle East and Africa Metal Recycling Market, By End user (2022-2029) 7.5. Middle East and Africa Metal Recycling Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Metal Recycling Market (2022-2029) 8.1. Latin America Metal Recycling Market, By Metal type (2022-2029) 8.2. Latin America Metal Recycling Market, By Scrap type (2022-2029) 8.3. Latin America Metal Recycling Market, By Equipment (2022-2029) 8.4. Latin America Metal Recycling Market, By End user (2022-2029) 8.5. Latin America Metal Recycling Market, by Country (2022-2029) • Brazil • Argentina • Rest of Latin America 9. European Metal Recycling Market (2022-2029) 9.1. European Metal Recycling Market, By Metal type (2022-2029) 9.2. European Metal Recycling Market, By Scrap type (2022-2029) 9.3. European Metal Recycling Market, By Equipment (2022-2029) 9.4. European Metal Recycling Market, By End user (2022-2029) 9.5. European Metal Recycling Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. Commercial Metals Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 SIMS Metal Management Limited 10.3 Aurubis AG 10.4 European Metal Recycling Limited 10.5 Tata Steel 10.6 Dowa Holdings Co., Ltd. 10.7 OmniSource Corporation 10.8 Schnitzer Steel Industries, Inc. 10.9 Baosteel Co. Ltd. 10.10 REMONDIS SE & Co. KG 10.11 Novelis Aluminum 10.12 Norton Aluminum Ltd 10.13 Kuusakoski 10.14 REAL ALLOY 10.15 Tom Martin & Co Ltd. 10.16 TMS International 10.17 PSC Metals 10.18 Mervis Industries 10.19 Upstate Metal Recycling 10.20 Cozzi Recycling 10.21 Upstate Metal Recycling 10.22 SUNRISE METAL RECYCLING LTD 10.23 GFG Alliance 10.24 BL Duke
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