Global Metal Recycling Market Size, Share and Trends Analysis Report, By Metal Type (Ferrous and Non-Ferrous), By Scrap Type (Old Scrap and New Scrap), By End-Use (Construction, Automotive, Shipbuilding, Equipment Manufacturing, Consumer Appliances, and Others), Forecast Period (2022-2028) The global metal recycling market is expected to grow at a CAGR of 5.5% during the forecast period. The growing demand for metal across end-use industries such as manufacturing and automotive is anticipated to propel the growth of the global metal recycling market. Further, the rising industrialization globally has increased the value and appeal of using recycled metal products. Increased investment of governments and private players in infrastructure projects, and government initiatives for recycling metals are some factors augmenting the growth of the market. For Instance, in July 2022, the Australian government committed $132 million to set up a new recycling modernization fund in an attempt to transform the country’s waste and recycling capacity. The move is in line with Australia’s waste policy action plan which provides a framework for national action on waste management, recycling and resource recovery by 2030. The global metal recycling market is segmented based on the metal type, scrap type and end-use. Based on the metal type, the market is segmented into ferrous and Non-Ferrous. Based on the scrap type, the market is segmented into the old scrap and new scrap. Based on end-use, the market is segmented into construction, automotive, shipbuilding, equipment manufacturing, consumer appliances, and others. Metal recycling for the building and construction segment has been witnessing significant growth over the years. According to the World Green Building Council, the construction industry is a massive consumer of raw materials and natural resources, and it generates an estimated 39% of the world’s carbon emissions. Thus, the growth of industrialization and modern infrastructure along with the need to reduce carbon emissions have encouraged the use of recycled metals in the building and construction sector. Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold a major share in the global metal recycling market. Rapid industrialization and growth in the construction industry are driving the demand for metals. The limited availability of resources has created a shortage of metals and recycling of these metals in the region. The major companies operating in the global metal recycling market include Aurubis AG, Dowa Holdings Co., Ltd, Nucor Corp., ArcelorMittal S.A., and Tata Steel Ltd. The market players are contributing to the market growth by the adoption of various strategies including partnerships, mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2022, Sims Ltd, a company active in metal recycling, announced that its businesses in Australia, Sims Metal and Sims Lifecycle Services, collaborated with Supply Nation, an Australian non-profit organization that aims to grow the Indigenous business sector by facilitating and encouraging business among corporations, government agencies and Indigenous-owned businesses. Research Methodology The market study of the global metal recycling market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports. Secondary Sources Include Financial reports of companies involved in the market. Whitepapers, research papers, and news blogs. Company websites and their product catalog. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models. Market Segmentation Global Metal Recycling Market Research and Analysis by Metal Type Global Metal Recycling Market Research and Analysis by Scrap Type Global Metal Recycling Market Research and Analysis by End-Use The Report Covers Comprehensive research methodology of the global metal recycling market. This report also includes a detailed and extensive market overview with key analyst insights. An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. Analysis of regional regulations and other government policies impacting the global metal recycling market. insights about market determinants that are stimulating the global metal recycling market. Detailed and extensive market segments with the regional distribution of forecasted revenues. Extensive profiles and recent developments of market players.