Metal Recycling Market Size, Industry Share & Analysis, By Metal (Ferrous, Non-ferrous), By End-User (Building & Construction, Automotive, Ship-Building, Equipment Manufacturing, Consumer Appliances, Others), And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104562 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The global metal recycling market size is expected to gain momentum owing to the increasing awareness regarding the depletion of metal reserves during the forecast period. Metal recycling is one of the industrially and environmentally important process. It involves recycling of the scrap metals to used it again. The metal recycling industry encompasses a broad range of metals but most frequently recycled metals are stainless steel, copper, iron, lead, aluminum, and zinc. They are primarily categorized on the basis of ferrous content. Increasing usage of metals in various end-use industries is expected to drive the metal recycling market.

The global metal recycling industry is poised for significant growth, driven by the growth of automotive industry, and increasing demand for consumer electronics, urbanization infrastructure development. Increasing prominence of metal recycling due to the increasing awareness regarding the depleting metal reserves is expected to drive the market. Additionally, the recycling does not affect and alter the properties of the original metals. The stringent regulations imposed by government regarding metal mining is expected to positively impact the industry growth.

However, there are substitute materials like plastics, polymers, composites and other are preferred due to their lower cost. This is expected to hinder the metal recycling market growth.

Key Market Driver -

Increasing awareness regrading depletion of metal reserves

Key Market Restraint -

Availability of cost-effective substitutes.

METAL RECYCLING Market Segmentation Analysis:

Based on metal, the global metal recycling market is segmented into ferrous and non-ferrous. Based on end-user, is segmented into building & construction, automotive, ship-building, equipment manufacturing, consumer appliances, and other.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global metal recycling market consists of global & regional players operating.

ArcelorMittal

Commercial Metals Company

Aurubis AG

Sims Metal Management Limited

Nucor Corporation

Others

Key Insights

Key Emerging Trends – For Major Regions

Key Developments: Mergers, Acquisitions, Partnerships, and Others

Latest Technological Advancement

Insights on Sustainability

Porters Five Forces Analysis

Impact of COVID-19 on the Market

Regional METAL RECYCLING Market Analysis:

Rising Economic Condition to Promote Growth in Asia Pacific

The metal recycling market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to be the largest and fastest growing market attributed to the increasing economic growth. Increasing demand for metal from emerging nations like India and China is expected to boost the regional market. Europe is expected to show substantial growth attributed to the presence of large metal recycling company base. North America is expected to show considerable growth due to the stringent rules imposed by government authorities to stop illegal and exploitation of mines and metal reserves. Latin America shall exhibit moderate growth due to mining activities. Middle East & Africa shall exhibit sluggish growth by the end of metal recycling industry forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Metal	Ferrous Non-ferrous
By End-User	Building & Construction Automotive Ship-Building Equipment Manufacturing Consumer Appliances Others
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Metal Recycling Industry Developments

In October 2020, Commercial metals company announced the changes made in the segment reporting. The company realigned its reporting structure to include two operating segments Europe and North America.

In October 2020, ArcelorMittal and Triple M joined forces to form Integrated Metal Recycling Inc. to offer support, services and choices for consumers and suppliers.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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