Metal Recycling Market Growth Trends, Regional Opportunities, and Forecast through 2024-2031 | ArcelorMittal, Aurubis AG, Dowa Holdings Co. Ltd

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 report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company 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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Growing environmental and sustainability concerns are expected to be key drivers in the expansion of the global metal recycling market. As industries seek to reduce their dependence on primary metal extraction and mitigate the volatility of global metal supply chains, the demand for recycled metal is increasing. Manufacturing industries, particularly in developing countries, are likely to ramp up their use of recycled metal to reduce production costs and maintain competitiveness, especially in the face of rising wages and slower global demand. For instance, it is estimated that the Indian automotive industry could lower production costs by up to 30% by increasing the recycling of metal components. This shift towards recycled materials not only offers economic benefits but also aligns with growing environmental sustainability goals.

Forecast Growth 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.

List of the Key Players in the Metal Recycling Market: Gerdau S/A, Nucor, Commercial Metals Company, Steel Dynamics, Schnitzer Steel Industries, Inc., River Metals Recycling, ArcelorMittal, Aurubis AG, Dowa Holdings Co. Ltd and Novelis Inc.

Industry Development:

In June 2023, the metal recycling industry association of South Africa released a statement stating that the government's decision to ban metal exports to curb copper thefts has led to the formation of cartels, which is bound to have a detrimental impact on the South African metal recycling industry.

In July 2023, GSMA, the global body of telecom operators announced plans to expand mobile phone tackback schemes by 2030. All phones collected through tack-back schemes will have their metals and other materials recycled for reuse.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Metal Recycling Market:

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)

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Metal Recycling Market:

⇥ 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)

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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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Metal Recycling market?

➠ Who are the global key manufacturers of the Metal Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Metal Recycling market opportunities and threats faced by the vendors in the global Metal Recycling Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Metal Recycling market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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