Metal Recycling Market
Forecast to 2023:
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. Based on 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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·
Nucor Corporation
·
Aurubis AG
·
Commercial Metals Company
·
Linde Ag
·
Tata Steel Limited
·
ArcelorMittal
·
Baosteel Group Corporation
·
European Metal Recycling 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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