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.
Metal Recycling Market Overview:
The purpose of this report is to provide a thorough examination of the Metal Recycling market by segments and geographics. The study goes into great detail on the primary factors influencing the Metal Recycling market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
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Market Scope:
The “Global Metal Recycling Market Analysis” is a detailed investigation of the Metal Recycling market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Metal Recycling market as well as detailed market segmentation by application, end-use, and geography. The Metal Recycling market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Metal Recycling players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Metal Recycling market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Metal Recycling market was calculated using the revenue of significant enterprises.
Segmentation:
Ferrous metal and non-ferrous metal are the two categories into which the metal recycling market is divided based on metal type.
During the time of forecasting, ferrous metal would dominate the market and hold a substantial market share. Due to the fact that ferrous scrap metal represents the majority of metal scrapped globally and In general, ferrous metals are more rust- and stain-resistant than non-ferrous metals.
The metal recycling market is divided into old scrap and new scrap based on the type of material. During the time of the prediction, old scrap would dominate the market and have a sizable market share for metal recycling. Old scrap is the most popular sort of scrap since it uses less energy and produces less greenhouse gas emissions than the production of metal.
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Key Players:
The major players covered in the Metal Recycling market report are
• ArcelorMittal
• 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
• Kuusakoski
• 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
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Metal Recycling Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Metal Recycling market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Metal Recycling industry,
Key Questions Answered in the Metal Recycling Market Report are:
- Which segment grabbed the largest share in the Metal Recycling market?
- What was the competitive scenario of the Metal Recycling market in 2021?
- Which are the key factors responsible for the Metal Recycling market growth?
- Which region held the maximum share in the Metal Recycling market in 2021?