Brazil Scrap Metal Recycling Market Introduction and Overview
According to SPER Market Research, the Brazil Scrap Metal Recycling Market is estimated to reach USD 1041.44 million by 2033 with a CAGR of 5.37%.
The report includes an in-depth analysis of the Brazil Scrap Metal Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Recycling scrap metal involves taking out and reusing metal components from buildings and end-of-life goods so they may be utilised as raw materials to create new goods. This recycled metal can be used to make poles, ropes, and bars, among other things. Reusing and recycling metals instead of throwing them in the trash is the main objective of the scrap metal cycle. Recycling metal reduces the need to mine new metal, safeguarding water quality and animal habitats.
- In October 2020, ArcelorMittal and Triple M merged to become Integrated Metal Recycling Inc. This joint company will consolidate several of the two partners' recycling programmes in Quebec. This cooperation is projected to increase revenue for the scrap metal recycling business.
- In May 2020, Aurubis AG acquired Metallo, a scrap metal recycling company. This purchase was designed to expand the company's metal scrap production capabilities. It will also most likely help Aurubis AG boost its global market share in metal recycling.
Market Opportunities and Challenges
Opportunities- The Scrap Metal Recycling market in Brazil is being pushed by increased awareness of environmental sustainability and the desire to decrease carbon footprint. Government measures to promote recycling practices, as well as the economic benefits of metal recycling, are important market drivers. As industry recognise the value of circular economies, demand for recycled metals is increasing, resulting in growth in this sector.
Challenges-
Metal recycling in an informal sector: The scrap metal recycling market in Brazil is essentially informal, making it difficult for authorities to monitor and oversee the recycling process. The lack of rules limits the safety of recycled metal that will be utilised in end-user sectors such as construction and automotive. As a result, the end goods from these industries may or may not fulfil international safety requirements. This is a significant limiting factor for the Brazilian scrap metal recycling sector.
Market Competitive Landscape
Brazil's Scrap Metal Recycling market is fragmented and competitive. The growing number of businesses and digitization trends create new opportunities for service providers. Companies employ strategic partnerships and acquisitions to enhance their product portfolio, professional cybersecurity capabilities, and infrastructure, allowing them to offer the most up-to-date service add-ons and customisations. Gerdau S.A, Companhia Brasileira de Alumínio (CBA), Metalic, R.S. Metais, Brasil Metals, WR Metais, Cobrecom, and Recemil are among the market leaders.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Metal, By Scrap Type, By Equipment, By End User
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| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
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| Companies Covered | Gerdau S.A, Companhia Brasileira de Alumínio (CBA), Metalic, R.S. Metais, Brasil Metals, WR Metais, Cobrecom, Recemil.
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COVID-19 Impact on Brazil Scrap Metal Recycling Market
The COVID-19 pandemic has had a substantial influence on the scrap metal recycling market. The quick spread of the pandemic has lowered demand for metals in a variety of industries, including construction, automotive, and aerospace. It has also disrupted the worldwide supply chain, making it impossible for metal recyclers to obtain the equipment and materials they require to operate. This has resulted in a slowing in the recycling process and decreased output during the epidemic.
Key Target Audience:
- Scrap Metal Collectors and Dealers
- Recycling Companies
- Manufacturing and Industrial Companies
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Environmental Organizations
- Waste Management Companies
- End-users
Our in-depth analysis of the Brazil Scrap Metal Recycling Market includes the following segments:
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By Metal:
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Iron
Steel
Non-ferrous
Aluminum
Lead
Others
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By Scrap Type:
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Old Scrap
New Scrap
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By Equipment:
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Shredders
Shears
Granulating Machines
Briquetting Machines
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By End User:
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Building & Construction
Automotive
Equipment Manufacturing
Shipbuilding
Packaging
Consumer Appliances
Others
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Key Topics Covered in the Report:
- Brazil Scrap Metal Recycling Market Size (FY’2024-FY’2033)
- Overview of Brazil Scrap Metal Recycling Market
- Segmentation of Brazil Scrap Metal Recycling Market By Metal (Ferrous, Non-ferrous)
- Segmentation of Brazil Scrap Metal Recycling Market By Scrap Type (Old Scrap, New Scrap)
- Segmentation of Brazil Scrap Metal Recycling Market By Equipment (Shredders, Shears, Granulating Machines, Briquetting Machines)
- Segmentation of Brazil Scrap Metal Recycling Market By End User (Building & Construction, Automotive, Equipment Manufacturing, Shipbuilding, Packaging, Consumer Appliances, Others)
- Statistical Snap of Brazil Scrap Metal Recycling Market
- Expansion Analysis of Brazil Scrap Metal Recycling Market
- Problems and Obstacles in Brazil Scrap Metal Recycling Market
- Competitive Landscape in the Brazil Scrap Metal Recycling Market
- Impact of COVID-19 and Demonetization on Brazil Scrap Metal Recycling Market
- Details on Current Investment in Brazil Scrap Metal Recycling Market
- Competitive Analysis of Brazil Scrap Metal Recycling Market
- Prominent Players in the Brazil Scrap Metal Recycling Market
- SWOT Analysis of Brazil Scrap Metal Recycling Market
- Brazil Scrap Metal Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
