According to a market report by Lucintel, the future of the metal recycling market looks promising with opportunities in the building and construction, automotive, packaging, shipbuilding, electronics and electrical equipment industries. The global metal recycling market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are increase urbanization and industrialization across the globe, increasing consumer awareness regarding depleting metal reserves and growing demand for steel.
Ferrous metal and non-ferrous metal are the major segments of metal recycling market by metal type. Lucintel forecasts that ferrous metal will remain the largest segment over the forecast period because the iron and steel scraps are widely recycled ferrous metals used in the world, and large-scale utilization of metals in the construction, automotive, and consumer goods industries.
Within this market, building and construction is expected to remain the largest segment because of considerable demand for steel and aluminum from the global construction industry, and rising urbanization due to increasing disposable income levels in the emerging economies.
APAC will remain the largest region due to increasing economic development and population, rising labor force, increasing urbanization and rapid industrialization, and high metal production within the region.
Nucor, Commercial Metals, Aurubis AG, Arcelormittal, SMIS Metal Management, European Metal Recycling, Tata Steel, Baosteel, Remondis, and Dowa Holdings are the major suppliers in the global metal recycling market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global metal recycling market by metal type, scrap type, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Metal Recycling Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global metal recycling market by metal type, scrap type, end use industry, and region, as follows:
Metal Recycling Market by Metal Type [shipment analysis Value ($B) for 2017-2028]:
· Ferrous Metal
· Non-Ferrous Metal
Metal Recycling Market by Scrap Type [Value ($B) shipment analysis for 2017-2028]:
· Old Scrap
· New Scrap
Metal Recycling Market by End Use Industry [Value ($B) shipment analysis for 2017-2028]:
· Building & Construction
· Packaging
· Automotive
· Shipbuilding
· Electronics & Electrical Equipment
· Others
Metal Recycling Market by Region [Value ($B) shipment analysis for 2017-2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Metal Recycling Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the metal recycling market by metal type (ferrous metal and non-ferrous metal), scrap type (old scrap and new scrap), end use industry (building and construction, automotive, packaging, shipbuilding, electronics and electrical equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?