The scrap gold recycling market size is expected to see strong growth in the next few years. It will grow to $21.10 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to evolving consumer preferences towards sustainable products, increasing regulatory push towards responsible sourcing, increasing electronic waste volumes, increasing industrial applications using gold, increasing volatility in gold prices, and expanding awareness of environmental impacts among businesses. Major trends in the forecast period include technological advancements in recycling processes, advancements in mining methods, adoption of sustainable practices, advancements in electronic waste recycling, and innovation in extraction processes.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/scrap-gold-recycling-global-market-report
Scope Of Scrap Gold Recycling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Scrap Gold Recycling Market Overview
Market Drivers –
The rise in gold prices is expected to propel the growth of the scrap gold recycling market going forward. The increase in gold prices is attributed to economic uncertainty, inflation concerns, fluctuating currency values, and increased demand for safe-haven assets among investors. The rise in gold prices incentivizes scrap gold recycling by making it more profitable for individuals and businesses to recycle and sell their gold, increasing the supply of recycled gold in the market. For instance, according to the World Gold Council, a UK-based international trade association for the gold industry, the global gold price increased from $58.72 per gram in January 2022 to $65.47 in January 2024. Therefore, the rise in gold prices is driving the growth of the scrap gold recycling market.
Market Trends –
Major companies operating in the scrap gold recycling market are focusing on adopting innovative approaches, such as the mass balance approach, to verify claims of recycled content. The mass balance approach is used to trace and certify the proportion of recycled or sustainably sourced materials in a product or process. It ensures that the amount of recycled content used corresponds to the amount of recycled material inputted into the system, providing transparency and accountability for sustainability claims. For instance, in April 2024, Heraeus Precious Metals, a Germany-based precious metals industry, launched Circlear to meet the increasing demand for sustainable solutions in the precious metals industry. Circlear features 100% recycled-content precious metals such as gold, silver, and platinum, promoting a circular economy by reducing reliance on primary extraction. Certified by TÜV Süd, Circlear ensures high-quality standards while significantly lowering carbon emissions compared to conventional production methods.
The scrap gold recycling market covered in this report is segmented –
1) By Processing Technique: Pyrometallurgical, Hydrometallurgical, Other Processing Techniques
2) By Scrap: New Scrap Metal Recycling, Old Scrap Metal Recycling
3) By Application: Jewelry, Catalysts, Electronics, Batteries, Other Applications
Get an inside scoop of the scrap gold recycling market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18459&type=smp
Regional Insights –
Europe was the largest region in the scrap gold recycling market in 2023. The regions covered in the scrap gold recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the scrap gold recycling market are Glencore plc, Rio Tinto Group, Umicore N.V., Aurubis AG, Teck Resources Limited, Barrick Gold Corporation, Boliden AB, Dillon Gage Inc., Elemetal LLC, Sipi Metals Corporation, Metallix Refining Inc., Gannon & Scott, United Precious Metal Refining Inc., David H. Fell & Company Inc., RPM Industries LLC, Garfield Refining, Gold Refiners LLC, Mid-States Recycling & Refining Inc., Arch Enterprises Inc., Manhattan Gold & Silver, Northern Refineries Inc., Geib Refining Corporation, Republic Metals Corporation, Aurum Metals, Doral Refining Corporation
Table of Contents
1. Executive Summary
2. Scrap Gold Recycling Market Report Structure
3. Scrap Gold Recycling Market Trends And Strategies
4. Scrap Gold Recycling Market – Macro Economic Scenario
5. Scrap Gold Recycling Market Size And Growth
…..
27. Scrap Gold Recycling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Read Related Topics:
https://goodprnews.com/human-centric-lighting-market-size/
https://goodprnews.com/loan-brokers-market-size/
https://goodprnews.com/mrna-cancer-vaccines-and-therapeutics-market-size/
https://goodprnews.com/human-centric-lighting-market-size/
https://topprnews.com/loan-brokers-market-share/
https://topprnews.com/mrna-cancer-vaccines-and-therapeutics-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
