Metal Recycling Market
The Global Metal Recycling Market reached US$ 54.5 billion in 2022 and is expected to reach US$ 92.2 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031. The Metal Recycling Market is growing during 2024-2031 due to rising demand for sustainable raw materials, increasing industrialization, and government regulations promoting recycling to reduce environmental impact. Advancements in recycling technologies, cost benefits over primary metal production, and the growing need to conserve natural resources are also driving market expansion.
Metal Recycling Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Metal Recycling Market involves the collection, processing, and reuse of metals, reducing waste, conserving resources, lowering energy consumption, and supporting sustainable manufacturing across automotive, construction, and industrial sectors.
Industry News of USA and Japan:
USA:
In the USA, higher tariffs and strategic acquisitions are strengthening the metal recycling sector, particularly for aluminum steel.
Japan:
In Japan, technological advancements in urban mining and large-scale EAF investments are driving innovation and sustainability in metal recycling and steel production.
Key Players:
Gerdau S/A
Nucor
Commercial Metals Company
Steel Dynamics
Schnitzer Steel Industries Inc.
River Metals Recycling
ArcelorMittal
Aurubis AG
Dowa Holdings Co. Ltd
Novelis Inc.
Growth Forecast Projected:
The Global Metal Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Metal Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Market Segmentation:
By Metal: Ferrous Metals, Non-Ferrous Metals.
By Mode of Recycling: Shearing, Shredding, Baling, Torching, Crushing.
By End User: Automotive, Aerospace, Electrical and Electronic Equipment, Shipbuilding, Construction and Construction, Industrial Machinery and Products, Packaging Industry, Others.
Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Metal Recycling market?
➠ Who are the leading manufacturers in the global Metal Recycling industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Metal Recycling industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Metal Recycling market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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