Metal Recycling Market by Metal Type Competitive Landscape Assessment & Long-Term Forecast to 2034
Increasing urbanization and industrialization, along with strict government regulations on waste reduction and efficient use of resources, are facilitating the growth of this market. Almost 70 of total recycled metals are ferrous metals (steel and iron), the remainder being non-ferrous metals (aluminum, copper, lead and zinc). The top contributors to metal recycling are China, the U.S., Germany, India and Japan, primarily due to their large industrial output and strict environmental regulations.