Metal Recycling Market Forecast to 2023:
Market research future published a raw research report on Global Metal Recycling Market that contains the information from 2016 to 2022. Metal recycling market is expected to grow with approximately 7% CAGR from 2016 to 2022.
One of the key drivers for the growth of metal recycling market is the increase in awareness about recycling of metals and efficient utilization of natural resources with the objective of saving them from depletion. The rapid industrialization and the increase in urbanization in developing countries are contributing to the growth of the global metal recycling market. Metal recycling also provides several advantages such as reducing the scarcity of the valuable resources in the future and saving the environment from various damages caused by the extraction of metals. These contribute to the growth of this market.
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The report has been analyzed based on metal type, equipment, application and region. On the basis of metal type, the non- ferrous segment has dominated the market. The non-ferrous segment includes aluminum, lead, copper, and other precious metals. Due to the depletion of these resources, and the increase in applications of the non-ferrous metals in industries such as construction, automotive and industrial machinery, the demand for recycling of non-ferrous metals, is increasing. This is further led to the growth of metal recycling market. Global metal recycling market size is expected to cross USD 400 billion mark by the end of 2022.
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- Baosteel Group Corporation
- European Metal Recycling Limited
- Nucor Corporation
- Aurubis AG
- Commercial Metals Company
- Linde Ag
- Tata Steel Limited
- Sims Metal Management Limited
- Dowa Holdings Co., Ltd.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Metal Recycling Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Asia-Pacific accounts for the highest market share
Asia-Pacific region is expected to dominate the market owing to the increase in urban population in developing economies such as India and China and the growth in the construction and automotive industry. The growing concern for protection of the environment in this region is also contributing to its growth. Asia is also the largest producer of steel, which directly contributes to the metal recycling market in the Asia-Pacific region.
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