Insightful Report Unveils Market Values, Scope, Research Methodology, Drivers, Restraints, and Regional Trends for the Metal Recycling Industry
Pune, 18.08.2023 : The Metal Recycling Market, a crucial sector contributing to resource conservation and sustainable practices, has exhibited remarkable growth. The market, valued at US$ 61.47 billion in 2022, is poised for a significant expansion with a projected Compound Annual Growth Rate (CAGR) of 6.01% throughout the forecast period. This press release provides a comprehensive overview of the Metal Recycling Market, encompassing market values, report scope, research methodologies, driving factors, challenges, and regional insights.
Metal Recycling Report Scope and Research Methodology
The report’s research methodology combines primary and secondary data sources to offer a well-rounded analysis of the Metal Recycling Market. Market participants’ data and regions’ contributions are carefully examined, and trends and insights are derived to present a comprehensive understanding of market dynamics, opportunities, and barriers.
The comprehensive “Metal Recycling Market” report employs a robust research methodology to provide a detailed analysis of the industry landscape. The report spans from 2022 to the forecast period, with a focus on key factors such as market dynamics, technological advancements, regulatory policies, and regional trends.
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What are Metal Recycling Market Dynamics?
The Metal Recycling Market is primarily driven by the growing demand for metals across various industries, coupled with a rising focus on resource conservation and reduction of greenhouse gas emissions. As industries seek sustainable material sources, the adoption of recycled metals allows for a balance between quality production and resource efficiency. Increased awareness of the environmental benefits of metal recycling, coupled with regulatory initiatives and investments, further propels market growth.
Metal recycling plays a pivotal role in conserving natural resources, reducing waste sent to landfills, and mitigating greenhouse gas emissions. As industries place greater emphasis on sustainability and efficient resource utilization, the demand for recycled metals is expected to rise. The process not only aids in waste reduction but also contributes to energy savings and increased economic security.
What is Metal Recycling Segmentation?
The report analyzes various segments within the Metal Recycling Market, including metal types (ferrous and non-ferrous), scrap types (old and new), and equipment (shredders, shears, granulating machines, and briquetting machines). Each segment’s characteristics, growth drivers, and market trends are explored, providing valuable insights into the industry’s future prospects.
1 Global Metal Recycling Market, By Metal type (2022-2029)
• Ferrous Metal
• Non-Ferrous Metal
Ferrous metal and non-ferrous metal are the two categories into which the metal recycling market is divided based on metal type.
During the time of forecasting, ferrous metal would dominate the market and hold a substantial market share. Due to the fact that ferrous scrap metal represents the majority of metal scrapped globally and In general, ferrous metals are more rust- and stain-resistant than non-ferrous metals.
2 Global Metal Recycling Market, By Scrap type (2022-2029)
• Old Scrap
• New Scrap
The metal recycling market is divided into old scrap and new scrap based on the type of material. During the time of the prediction, old scrap would dominate the market and have a sizable market share for metal recycling. Old scrap is the most popular sort of scrap since it uses less energy and produces less greenhouse gas emissions than the production of metal.
3 Global Metal Recycling Market, By Equipment (2022-2029)
• Shredders
• Shears
• Granulating Machines
• Briquetting Machines
The metal recycling market is divided into shredders, shears, granulating machines, and briquetting machines based on equipment.
During the time of forecasting for the metal recycling industry, shredder equipment would dominate the market with a high market share. Recycling has the advantage of reducing air pollution and environmental risks. When combined with other material, crumbled scrap is easier to manage and produces a dense mixture. Iron and non-ferrous materials are automatically separated from the shred scrap.
4 Global Metal Recycling Market, By End user (2022-2029)
• Building & Construction
• Automotive
• Equipment Manufacturing
• Shipbuilding
• Packaging
• Consumer Appliances
• Others
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Who are Metal Recycling Market Key Players?
• ArcelorMittal
• Nucor Corporation
• Commercial Metals Company
• SIMS Metal Management Limited
• Aurubis AG
• European Metal Recycling Limited
• Tata Steel
• Dowa Holdings Co., Ltd.
• OmniSource Corporation
• Schnitzer Steel Industries, Inc.
• Baosteel Co. Ltd.
• REMONDIS SE & Co. KG
• Novelis Aluminum
• Norton Aluminum Ltd
• Kuusakoski
• REAL ALLOY
• Tom Martin & Co Ltd.
• TMS International
• PSC Metals
• Mervis Industries
• Upstate Metal Recycling
• Cozzi Recycling
• Upstate Metal Recycling
• SUNRISE METAL RECYCLING LTD
Table of content for the Metal Recycling Market includes:
1. Global Metal Recycling Market: Research Methodology
2. Global Metal Recycling Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Metal Recycling Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1. Recommendations for New Market Entry
3. Global Metal Recycling Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12 COVID-19 Impact
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Regional Insights:
Asia Pacific emerges as a key market for metal recycling, driven by economic growth and increasing metal demand in countries like India and China. North America is also poised for substantial growth, fueled by stringent regulations, established construction and automotive sectors, and a commitment to sustainable practices.
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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