Published By : 22 Jul 2016 | Published By : QYRESEARCH
Metal recycling market has gained much prominence over years due to the shifting focus towards environmental sustainability. Recycling metals decrease the amount of natural resources (such as petroleum, natural gas, and water) and energy required to produce virgin metal. Industries using a large amount of metal as raw materials such as automotive, building and construction, and machinery manufacturing are convinced with recycled metal. Moreover, it allows reuse of metal, successively reducing the greenhouse gas emissions.
The metals with the highest application in day-to-day life are recycled the most. In the ferrous metal category, Iron and Steel are recycled the most due to their applications in construction materials, electrical devices, vehicles, and industrial machinery and equipment. Among non-ferrous metals, Aluminum is the highest recycled metal.