Metal Recycling Market Growth, Key Players, Value, Statistics and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Metal Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global metal recycling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Metal Recycling Market?

The global metal recycling market size reached US$ 232.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 304.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

What is Metal Recycling?

Metal recycling represents the method of recovering and processing used steel from end-of-life structures or manufacturing products. It is economical and offers a low carbon footprint and efficient utilization of resources with no degradation of properties. As a result, recycled metals find extensive applications as raw materials in the production of new goods in various industry verticals. Presently, ongoing improvements in reprocessing technologies and collection systems are encouraging the manufacturing of complex products using a diverse range of steels and alloys.

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What are the Growth Prospects and Trends in the Metal Recycling Market?

The increasing usage of this material in the manufacturing of trucks, cars, ships, airplanes, railways, consumer electronics, and domestic items is among the key factors driving the metal recycling market. Moreover, the rising utilization of this steel, as its process does not emit harmful gases and aids in reducing production costs, is also stimulating the market growth. Besides this, the growing investments by numerous manufacturers of several end-use industries in recycling precious metals that can be used in making heart pacemakers, artificial cochlea, and other medical devices, owing to the increasing environmental concerns, are acting as significant growth-inducing factors. Furthermore, the introduction of highly specialized insurance solutions and risk management services by key players to fulfill the unique needs of recyclers is further propelling the global market.

Apart from this, governing agencies of various countries and private organizations are adopting innovative ways to raise awareness among the public about the importance of recycling and putting waste into the appropriate reprocessing bins, which is further driving the market growth. Additionally, the development of modern reusing technologies that can identify different types of metals effectively is anticipated to fuel the metal recycling market over the forecasted period.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Metal Recycling Industry?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• ArcelorMittal
• Aurubis AG
• Commercial Metals Company
• Dowa Holdings Co. Ltd.
• European Metal Recycling Ltd (Ausurus Group Ltd)
• Nucor Corporation
• OmniSource LLC (Steel Dynamics Inc.)
• Schnitzer Steel Industries Inc.
• Sims Limited
• Tata Steel Limited.

What is Included in Market Segmentation?

The report has categorized the market based on metal type, type, end use industry and region.

Breakup by Metal Type:
• Steel
• Aluminum
• Copper
• Others

Breakup by Type:
• Ferrous Metal
• Non-Ferrous Metal

Breakup by End Use Industry:
• Building and Construction
• Packaging
• Automotive
• Industrial Machinery
• Electronics and Electrical Equipment
• Shipbuilding
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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