Global Metal Recycling Market, By Type (Ferrous Metal, Non-Ferrous Metal), Scrap Type (Old Scrap, New Scrap), Equipment (Shredders, Shears, Granulating Machines, Briquetting Machines), End-User (Construction, Automotive, Equipment Manufacturing, Shipbuilding, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Metal Recycling Market
The metal recycling market is expected to witness market growth at a rate of 8.00% in the forecast period of 2022 to 2029. Data Bridge Market Research report on metal recycling market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of metal recycling market.
Metal recycling is defined as the reprocessing of metal waste into valuable product. The process is done in order to decline greenhouse gas emission levels, manage energy consumption and preserve natural resources.
The increase in the urbanization and industrialization across the globe acts as one of the major factors driving the growth of metal recycling market. The high adoption of the process among the manufacturers for procuring raw materials for the production of finished goods without degrading their properties, and presence of laws and regulations enforced by governments accelerate the market growth. The rise in the awareness about the effective use of natural resources, and increase in the inclination towards recycling of metals for energy saving further influence the market. Additionally, rise in environmental concerns, surge in investments, rise in awareness and presence of awareness programs for sustainable waste management practices positively affect the metal recycling market. Furthermore, metal recovery from slag residue, and public and private sector partnership extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, stringent regulations affecting free and fair trade of scrap metal, and unorganized metal waste collection in developing countries are expected to obstruct the market growth. The recycling difficulties due to the complexity of products, and issues with management of supply chain are projected to challenge the metal recycling market in the forecast period of 2022-2029.
This metal recycling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on metal recycling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Metal Recycling Market Scope and Market Size
The metal recycling market is segmented on the basis of type, scrap type, equipment and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the metal recycling market is segmented into ferrous metal and non-ferrous metal.
- On the basis of f scrap type, the metal recycling market is segmented into old scrap and new scrap.
- On the basis of equipment, the metal recycling market is segmented into shredders, shears, granulating machines, and briquetting machines.
- On the basis of end-user, the metal recycling market is segmented into construction, automotive, equipment manufacturing, shipbuilding and others.
Metal Recycling Market Country Level Analysis
The metal recycling market is analyzed and market size, volume information is provided by country, type, type, scrap type, equipment and end-user as referenced above.
The countries covered in the global metal recycling market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the metal recycling market due to the high metal production within the region. Europe is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the rise in the usage of recycled scrap for secondary metal production in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metal Recycling Market Share Analysis
The metal recycling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metal recycling market.
Some of the major players operating in the metal recycling market report are DOWA HOLDINGS Co., Ltd, Tata Steel, Baosteel Co., Ltd., REMONDIS SE & Co. KG, Novelis Aluminum, Norton Aluminium Ltd, Kuusakoski, REAL ALLOY, Tom Martin & Co Ltd., TMS International, Ferrous Processing & Trading., PSC Metals, AMG Resources Corporation, Alter Trading Inc., Mervis Industries, OmniSource Corporation, Schnitzer Steel Industries, Inc., AMERICAN IRON & METAL, SUNRISE METAL RECYCLING LTD., Upstate Metal Recycling, Inc., WM. MILLER SCRAP IRON & METAL CO., GFG Alliance, BL Duke, and Cozzi Recycling, among others.