According to Fortune Business Insights the global scrap metal recycling market was valued at USD 407.02 billion in 2023. It is expected to expand from USD 420.83 billion in 2024 to USD 568.76 billion by 2032, registering a compound annual growth rate (CAGR) of 3.8% during the forecast period. The scrap metal recycling market size is anticipated to rise due to the growing need for waste management and recycling infrastructure globally. Furthermore, the governments enforce policies that promote metal recycling in various industrial sectors. Metals such as aluminum can be recycled many times and can be used to produce a variety of consumer products such as packaging.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Scrap Metal Recycling Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

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List of the Key Players in the Scrap Metal Recycling Market:

• ArcelorMittal (Luxembourg)
• Aurubis AG (Germany)
• Kuusakoski Group Oy (Finland)
• Nucor Corporation (U.S.)
• AIM Recycling (Canada)
• Sims Limited (U.S.)
• OmniSource, LLC (U.S.)
• Metallon Recycling Pte Ltd (Singapore)
• SA Recycling LLC (U.S.)
• TKC Metal Recycling Inc. (Canada)

Competitors Landscape:

The realm of Scrap Metal Recycling Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.

Segmentation:

On the basis of type, the market is bifurcated into non-ferrous and ferrous. On the basis of end-user, the market is fragmented into consumer appliances, automotive equipment manufacturing, building & construction, packaging, and others. Geographically, the market is classified into Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa.

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