Recycled Metal Market, By Type of Metal (Ferrous Metals and Non-Ferrous Metals), By End-use Industry (Construction, Automotive, Electronics, Packaging, Energy, Manufacturing, Aerospace, and Jewelry and Art), By Source of Material (Post-Consumer Scrap, Ind

Recycled Metal Market, By Type of Metal (Ferrous Metals and Non-Ferrous Metals), By End-use Industry (Construction, Automotive, Electronics, Packaging, Energy, Manufacturing, Aerospace, and Jewelry and Art), By Source of Material (Post-Consumer Scrap, Industrial Scrap, Construction Scrap, and Obsolete Electronics), By Recycling Process (Shredding and Melting, Electrolysis, Smelting, and Hydrometallurgical Processes), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

There are many advantages to recycling metal including environmental benefits as well as energy savings. Aluminum, steel, copper, brass, bronze, silver, and gold are metals that can be recycled. Recycling metal helps to reduce the amount of waste in landfills, and it also helps to conserve natural resources. The global recycled metal market is witnessing significant growth over the past few years. Rising concerns about scarcity of natural metal resources and growing environmental awareness among consumers and industries regarding benefits of recycling metals are expected to drive the market growth. Recycling metals helps to conserve natural resources and reduce pollution caused during raw material extraction and processing. It is estimated that recycling one metric ton of steel saves approximately 1,100 kg of iron ore, 630 kg of coal, and 55 kg of limestone. Recycling aluminum uses only 5% of the energy required to produce new aluminum from bauxite ore. Growing industrialization and urbanization in emerging economies have increased the volumes of metal waste, providing key opportunities for metal recycling companies to collect and process scrap metal. Stringent government regulations regarding waste management and landfill restrictions in several countries compel industries to focus on recycling and reuse of metals.

Market Dynamics:

Environmental concerns, resource scarcity, regulatory support, cost savings, circular economy initiatives, technological advancements, consumer preference for sustainable products, corporate sustainability goals, infrastructure development, and innovation in applications are major factors that are expected to drive the global recycled metal market growth during the forecast period.

However, contamination concerns, inconsistent supply, technological limitations, and market price volatility & lack of infrastructure are expected to hamper the global recycled metal market growth over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global recycled metal market, and provides market size (US$ Bn) and compound annual growth rate (0CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global recycled metal market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Sims Metal Management Ltd., Schnitzer Steel Industries, Inc., Nucor Corporation, European Metal Recycling Ltd., Kuusakoski Group, Novelis Inc., OmniSource Corporation, Ferrous Processing & Trading Co. (FTP), Metal Management Inc., and ELG Haniel Group
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global recycled metal market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global recycled metal market

Detailed Segmentation:

• By Type of Metal:
• Ferrous Metals
• Non-Ferrous Metals
• By End-use Industry:
• Construction
• Automotive
• Electronics
• Packaging
• Energy
• Manufacturing
• Aerospace
• Jewelry and Art
• By Source of Material
• Post-Consumer Scrap
• Industrial Scrap
• Construction Scrap
• Obsolete Electronics
• By Recycling Process
• Shredding and Melting
• Electrolysis
• Smelting
• Hydrometallurgical Processes
• By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Company Profiles:
• Sims Metal Management Ltd.
• Schnitzer Steel Industries, Inc.
• Nucor Corporation
• European Metal Recycling Ltd.
• Kuusakoski Group
• Novelis Inc.
• OmniSource Corporation
• Ferrous Processing & Trading Co. (FTP)
• Metal Management Inc.
• ELG Haniel Group