Metal Recycling Market to Hit $143 Billion by 2036 Driven by Automotive Sector Demand and Asia Pacific Growth
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Metal recycling market revenue to reach $143 billion by 2036 with 6% CAGR between 2024-2036 due to rising demand and lack of metal availability.
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Key players include SIMS Metal Management, SUEZ SA, ArcelorMittal, Norsk Hydro ASA, Kimmel Iron & Metal, etc.
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Asia Pacific to witness highest 32% market share by 2036 owing to metal industries and government waste management projects.
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Europe to see 25% market share by 2036 driven by investments in recycling programs and secondary metal production.
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Automotive sector to account for 35% market share due to metal use in new parts and vehicle manufacturing.