Metal Recycling Market Size, Trends & Analysis
Metal Recycling Market The Metal Recycling Market is anticipated to reach at USD 89 billion, growing at a CAGR of 8.1% over the forecast period (2020-2027) The factors driving the growth of Metal Recycling Market includes increasing number of infrastructure projects, growing concerns about depletion of rare earth metals and rising demand for automobiles across the world. As per the report published by Goldman Sachs “Electric Vehicles: What’s Next VII: Confronting Greenflation”, 4.4 million Electric vehicles were sold in 2021, and the forecast sales is predicted to increase by 56% on YoY to 6.9 million vehicles in 2022, which will increase the application of metal recycling in the manufacturing of EV Battery. Moreover, the favorable Government policies regarding metal recycling and rising urbanization, are some of the factors propelling the Global Metal Recycling Market . The steel Scrap Policy issued by the Government of India, which aims at promoting metal scrapping, to boost th...