Metal Recycling Market was valued at US$ 61.47 Bn. in 2022. Global Metal Recycling Market size is expected to grow at a CAGR of 6.01 % through the forecast period.
Using both primary and secondary research approaches, we researched the Metal Recycling Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Metal Recycling Market Overview:
The market research study analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.
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By Metal Type
• Ferrous Metal
• Non-Ferrous Metal
The metal recycling market is divided into two categories: ferrous metal and non-ferrous metal.
During the projection period for the metal recycling market, ferrous metal will dominate the industry with a high market share. Because ferrous scrap metal makes for the majority of metal scrapped globally and Ferrous metals are often more rust and stain resistant than non-ferrous metals.
By Scrap type
• Old Scrap
• New Scrap
The metal recycling market is divided into two categories: old scrap and fresh scrap. During the predicted period for metal recycling, old scrap will dominate the market with a high market share. Old scrap is the most commonly used scrap kind because it reduces greenhouse gas emissions and uses less energy than metal production.
• Granulating Machines
• Briquetting Machines
Metal recycling machines are classified as shredders, shears, granulating machines, and briquetting machines.
During the projection period for metal recycling market, shredders equipment will dominate the market with a high market share. Recycling has the advantage of reducing air pollution and environmental dangers. When combined with other material, shredded scrap is easier to manage and produces a dense combination. The shredded scrap is separated into ferrous and non-ferrous materials automatically.
The report also focuses on the global main industry players in the Metal Recycling Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent Metal Recycling market businesses and ranks them in the market. The following players are featured in this report:
• 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
• REAL ALLOY
• Tom Martin & Co Ltd.
• TMS International
• PSC Metals
• Mervis Industries
• Upstate Metal Recycling
• Cozzi Recycling
• Upstate Metal Recycling
• SUNRISE METAL RECYCLING LTD
• GFG Alliance
• BL Duke
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The Metal Recycling market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis on Metal Recycling Market:
The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the Metal Recycling Market Report are:
What are some of the promising growth opportunities in the global Metal Recycling market by product type and Region?
Which Metal Recycling market segments will grow the fastest, and why?
Which regions will develop quicker?
What are the elements influencing Metal Recycling market?
What are the Metal Recycling market's business risks?
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