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Metal Recycling Market will cross USD 80 bn In Coming Years

The total market size of Metal Recycling was USD 50.37 Billion in 2020 and is projected to reach USD 76.20 Billion by 2025, rising at a CAGR of 7.90%.

  Metal recycling is that metal can be recycled over and over without altering its properties. The most common recyclable metals include aluminum and steel. The other metals are, silver, copper, brass and gold, are so valuable that they are rarely thrown away to be collected for recycling.

   Covid effect on Aluminum Supply chain:That fear was becoming more tangible as of mid-March, when automakers in Europe and the United States announced they would be halting production temporarily in response to the outbreak. While those announcements were made in mid-March, aluminum scrap processors and traders already were noticing that generation had slowed. 

 

    Recent News: Andy Golding, a trader at Kripke Enterprises Inc., Toledo, Ohio, told Recycling Today he created a Google Drive file for scrap processors to openly share their policies, protocols and crisis response plans with one another, which can be found here.  Golding says he is encouraging scrap processors to add their protocols to this file. Interested companies can email him. Germany based Stadler company will process the polyethylene terephthalate (PET) bottles and aluminum cans collected throughout the country via the return system, producing bales for recycling. With a capacity of 110 cubic meters per hour, it is expected to process around 55 percent of the country’s cans and PET bottles, for a total of more than 25,000 metric tons of material per year, working 16 hours per day on two shifts, for 300 days per year.

     Major Players in the market includes European metal Recycling limited, OmniSource Corporation Aurubis AG, ArcelorMittal, Commercial Metals Company, Tata Steel, Schnizer Steel Industries, Inc., Dowa Holdings Co., Ltd., and SIMS Metal Management Limited.

    EMR is the first recycling company to sign up to the entire climate Group intiatives as part of its commitment to achieve Net Zero by 2040.Global metal and plastic recycler, European Metal Recycling (EMR), has become the first recycling business in the world to become a member of the climate Group’s RE100, EV100, EV100 and EP100 business intiatives, demonstrating its commitment to sustainability and reducing emissions.

    Global Metal Recycling Market segmentation, By Type (Ferrous Metal and Non-Ferrous Metal), End-User (Construction, Automotive, Equipment Manufacturing, Shipbuilding, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Asia Pacific region is expected to grow at a fastest rate and exhibit a steady growth in the Metal Recycling market. The major drivers being a large regional population which is expected to further boost demand for food, consumables, buildings and housings which accelerates the need for metal recycling. Moreover, increased awareness for environmental protection and increasing expenditure capacity of middle-class population is expected to further spur the market growth.

 

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