Scrap Metal Recycling Market to Emerge Robust from Headwinds of COVID-19, Market projected to expand at notable ~6% CAGR from 2020 - 2030 - Seite 2

In another key business development amidst COVID-19, in May 2020, Aurubis AG acquired Metallo – a scrap metal recycling company. The acquisition is a win-win for the former to help improve its capacity of metal scrap production and expand its global outreach in the worldwide scrap metal recycling market.

Analyze global scrap metal recycling market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

R&D and Investments to explore Non-ferrous Scrap to Expand growth Horizon

With lockdowns due to the pandemic, governments and the entire metal industry is seeking to complement other metals such as copper for scrap. However, extracting copper from scrap and purification cost of copper to make it suitable for electrical components is high. Therefore, companies in the said market are seeking to establish fixed sources for copper scrap to avoid separation and purification costs.

In this scenario, other metals such as aluminum is gaining prominence in the scrap metal recycling market. Large players dealing in metal scrap recycling are investing to produce aluminum in a cost-effective manner and capitalize on the opportunity.

Meanwhile, steel is also gaining prominence in the said market due to its promise to meet objectives of a fully circular economy. Efforts of a world steel major to highlight the advantage of recyclability of steel, in line with environmental goals to prevent unnecessary drift into landfills is a case in point.

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India Promising for Scrap Metal Recycling Businesses

         The Ministry of Mines is making efforts to establish a sustainable recycling ecosystem with the adoption of cutting-edge technology and optimal processes.

Explore 124 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Scrap Metal Recycling Market (Metal Type: Ferrous Metal and Non-ferrous Metal; Scrap Type: New Scrap and Old Scrap; and Industry: Building & Construction, Automotive, Industrial Manufacturing, Electricals, Shipbuilding, Consumer Electronics, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/scrap-metal-recycling-market.html