Metal recycling aims to use scrap metal to create completely new metal products. At the same time, the production costs of new metal products are sharply reduced. The growing awareness of the need for the efficient use of natural resources is increasing the demand in the metal recycling market.
Ferrous metal recycling dominates the scrap metal market, although non-ferrous metal recycling has expanded significantly in recent years. The recycling process begins with the procurement of scrap metal, where the question very often arises how to dismantle the metal ? Especially if this is due to the need to hand over large metal structures for scrap metal, such as advertising structures, pavilions, power transmission line supports, workshops, factories and other structures. Therefore, companies appeared on the scrap metal market that carry out all the work and services that precede the direct processing of scrap metal.
Further growth of the scrap metal market may be associated with an increased processing rate and higher consumption of scrap metal. The highest growth rates of metal processing are forecasted in the electronics segment. All electronics contain expensive non-ferrous metals such as lead, copper and aluminum and the disposal of such substances ensures the preservation of natural resources. Therefore, electronics is the largest growing segment in the market. The global metal recycling market is expected to reach $ 400 billion in turnover by the end of 2022 and at a CAGR of about 7 percent.
