Demand Surge in Non-Ferrous Metal Recycling Industry Overview 2024-2031 | Most Leading Companies - Umicore, PX Group, Materion Corporation, Sims Recycling Solutions, Emak Refining & Recycling

Global Non-Ferrous Metals Recycling Market reached US$ 267.5 million in 2022 and is expected to reach US$ 345.0 million by 2030, growing with a CAGR of 3.3% during the forecast period 2024-2031.

non-ferrous 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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Non-ferrous metal recycling refers to the process of recovering and reprocessing metals that do not contain iron, such as aluminum, copper, lead, zinc, nickel, and tin, for reuse in manufacturing. These metals are highly valued for their durability, conductivity, and resistance to corrosion. Unlike ferrous metals, non-ferrous metals retain their properties even after multiple recycling cycles, making them ideal for sustainable production.

List of the Key Players in the non-ferrous metal recycling Market:

Umicore, PX Group, Materion Corporation, Sims Recycling Solutions, Emak Refining & Recycling, BASF SE, Dowa Holdings, AMG Vanadium, Aurubis AG, Heraeus and Hensel Recycling.

Industry Development:

On March 29, 2023, Romco Group announced the expansion of its recycling operations at its Lagos, Nigeria facility. In addition to aluminum, the company will now also recycle copper, reinforcing the global push towards a circular, zero-emission economy.

On March 14, 2023, Umicore unveiled a new business unit called Battery Recycling Solutions, aimed at tapping into the rapidly growing battery recycling market. As part of this initiative, Umicore plans to launch a 150,000-tonne capacity battery recycling facility in Europe by 2026. Expected to be the largest of its kind on the continent, the facility will utilize advanced metal recovery technologies developed by Umicore's engineering and R&D teams.

Growth Forecast Projected:

The Global non-ferrous 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 non-ferrous 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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Segment Covered in the non-ferrous metal recycling Market:

By Type; Aluminum, Copper, Lead, Zinc, Nickel, Titanium, Cobalt, Chromium and Others

By Metal Source: Post-Consumer , Industrial , Construction and Demolition and Obsolete Infrastructure

By Application: Catalyst Regeneration, Electronics, Consumer Appliances, Battery, Packaging and Others

Regional Analysis for non-ferrous metal recycling Market:

The regional analysis of the non-ferrous metal recycling Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the non-ferrous metal recycling market?

➠ Who are the leading manufacturers in the global non-ferrous 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 non-ferrous 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 non-ferrous metal recycling market?

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

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