The global metal recycling market is expected to grow at a CAGR of 5.5% during the forecast period. Metal ores are non-renewable natural resources, which have an ever-growing demand at global level and across sectors, making it imperative to reuse and recycle these metals. According to International Renewable Energy Agency, by 2030, the cumulative value of recoverable raw materials from end life solar panels globally will be about $450 million, which is equivalent to the cost of raw materials currently needed to produce about 60 million new panels. Diverting solar panels from landfills to recycling saves space in landfills in addition to capturing the value of the raw materials. Growing PV panel waste presents a new environmental challenge, however, also unprecedented opportunities to create value and pursue new economic avenues in the direction of metal recycling. 

Energy production, transportation, and industrial activities are the three largest contributors to global greenhouse gas emissions. Replacing fossil fuels with low-carbon technologies would require a multifold increase in renewable energy investments and cause a strong increase in demand for metals. However, developing mines takes a very long time often a decade or more and presents various challenges, at both the company and country level and thus recycling of metals is a viable solution to full-fill the demand. Thus, speeding up the transition to electrification and renewable energy is expected to propel the demand of metals and in return is anticipated to drive the global metal recycling market. Further, the government push for recycling of metals is fuelling demand of metal recycling. For instance, in June 2021 the European Union announced to consider clamping down on exports of metal waste to encourage more regional recycling, part of an effort to become climate neutral by 2050. In March 2021, Indian Ministry of Mines has issued a national non-ferrous metal scrap recycling framework, 2020 in a bid to cut down the scrap imports. In November 2021, The Australian Government announced its plan to invest $190 million into the Recycling modernization fund, leveraging over $800 million of recycling infrastructure investment.

To Request a Sample of our Report on Metal Recycling Market: https://www.omrglobal.com/request-sample/metal-recycling-market 

Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Metal Type
By Scrap Type
By End-Use

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Aurubis AG, Dowa Holdings Co., Ltd, Nucor Corp., ArcelorMittal S.A., and Tata Steel Ltd.

Metal Recycling Market Report by Segment

By Metal

Ferrous
Non-Ferrous

By Scrap Type 

Old Scrap
New Scrap

By End-Use

Construction
Automotive
Shipbuilding
Equipment Manufacturing
Consumer Appliances
Others

A full Report of Metal Recycling Market is Available @  https://www.omrglobal.com/industry-reports/metal-recycling-market

Metal Recycling Market Report by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Baosteel Group Corp.
Commercial Metals Company (CMC)
European Metal Recycling Ltd.
Kimmel Scrap Iron & Metal Co., Inc.
Metallon Recycling Pte Ltd
Novelis Inc.
OmniSource, LLC
Remondis Se & Co. KG
Schnitzer Steel Industries, Inc.
Sims Metal Management Ltd.
Tom Martin & Co. Ltd.
Wieland Recycling GmbH

Reasons to buy from us –

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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