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Metal Recycling Market is valued at USD 346.86 Billion in 2018 and expected to reach USD 468.56 Billion by 2025 | CAGR 4.39%

 
Metal Recycling Market is valued at USD 346.86 Billion in 2018 and expected to reach USD 468.56 Billion by 2025 with a CAGR of 4.39% over the forecast period. Growing      Environmental Awareness is Driving the Growth of Global Metal Recycling market.

Metal recycling comprises the recovery and processing of scrap metal from end-of-life products or structures and from manufacturing scrap, so that it can be introduced as a raw material to produce new goods. It can be recycled repeatedly with no degradation of its properties and qualities. It offers raw material for new products, while having a much lower carbon footprint and more efficient utilization of resources than new material. There are two main categories of scrap metal: ferrous metal and non-ferrous metal. While ferrous metal contains some degree of iron, non-ferrous metal does not contain iron as a component. Non-ferrous scrap includes aluminum, copper, lead, nickel, tin, zinc and others. The main stages for metal recycling process are collecting, sorting, processing, melting, purification, and solidifying.

Global metal recycling market report is segmented on the basis of metal type, end user and region. Based upon metal type, global metal recycling market is classified as ferrous metal and non-ferrous metal. Based upon end-user, global metal recycling market is classified as building & construction, packaging, automotive, industrial machinery, electronics & electrical equipment, shipbuilding and others.

The regions covered in this metal recycling market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Metal Recyclingis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

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