Business Industry Reports Growth of Recycled Metal Market by 2023 | Page 2

Furthermore, increase in awareness about conservation of energy and natural resources across the
world plays a key role in encouraging manufacturers to recycle metals. Furthermore, secondary
production of metals through recycled metal is less expensive owing to energy efficiency of the
process. Thus, an economic advantage of recycled metals is boosting the demand for these metals.
Also the strict laws pertaining to waste management & recycling, increasing awareness of the
efficient use of natural resources, and demand for recycled metal have led the public sector bodies
such as municipalities and private sector which involves companies offering environmental services
such as collection and recycling of metal waste to take active part in the recovery of metal from
scrap.
Globally manufacturers of metals have started adopting advanced energy management systems to
lower their environmental footprint. Recycled metal is projected to help industry players achieve
their sustainability goals in the near future. This, in turn, is estimated to propel the recycled metal
market in the next few years.
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Key Players:
1 BASF SE
2 Commercial Metals Company
3 Nucor Corporation
4 Sims Metal Management Ltd
5 Umicore N.V.
6 European Recycled Metal
7 SA Recycling LLC and more..............
Regions:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
Industry Segmentation:
1 Building and Construction