Future of Metal Recycling: Market Size & Growth Projections - 2024-2031 | Latest Major Companies likes - Gerdau S/A, Nucor, Commercial Metals Company, Steel Dynamics, Schnitzer Steel Industries, Inc., River Metals Recycling, ArcelorMittal

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.

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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Metal recycling involves the collection, processing, and reuse of metals to create new products, conserving natural resources and reducing environmental impact. Commonly recycled metals include steel, aluminum, copper, and brass, with applications across construction, automotive, and manufacturing industries, supporting sustainability and circular economy efforts.

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 mid-2023, the South African metal recycling association warned that the government's ban on metal exports to combat copper theft had led to cartel formation, potentially harming the industry. Around the same time, in July, GSMA announced plans to expand mobile phone take-back schemes globally by 2030, aiming to recycle metals and other materials from collected devices for reuse.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

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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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

Regional Analysis for Metal Recycling Market:

The regional analysis of the 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 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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