- Metal recycling, a specialized silicone rubber with outstanding resistance to fuels, oils, chemicals, and extreme temperatures, are becoming crucial in today's industries. Their superior durability and stability in demanding environments make them increasingly vital for modern applications
- The escalating demand for metal recycling is primarily fueled by the growing needs of the automotive and aerospace industries for reliable sealing and gasketing solutions, alongside global drives for fuel efficiency and emission control
- Asia-Pacific dominated the metal recycling market with a revenue share of approximately 51.5% in 2024, driven by high metal production and consumption in countries such as China and India, supported by robust recycling infrastructure and government policies promoting sustainability
- Europe is expected to be the fastest-growing region during the forecast period, fueled by stringent environmental regulations, a strong focus on circular economy principles, and increasing use of recycled metals in automotive and construction industries.
- The ferrous metal segment dominated the market with a share of 60.5% in 2024, driven by the high recyclability of steel and iron, which are widely used in construction, automotive, and consumer goods
