Under current federal law, scrap metal is always a solid waste when discarded, 1 and is subject to regulation as a hazardous waste when discarded, but, pursuant to 40 CFR 261.6(a)(3)(ii), is specifically exempted from regulation as a hazardous waste when discarded by being recycled. Simply put, scrap metal' that exhibits a characteristic of hazardous waste (or that is contaminated with a hazardous waste listed in 40 CFR 261.31, 261.32, or 261.33) is not regulated as a hazardous waste when recycled, but is regulated as a hazardous waste when disposed, if it exhibits a characteristic of hazardous waste

The article cited AMA's "Global Metal Waste and Recycling Market Study" explored CAGR of 5.7%. According to the report, Changing Regulatory Landscape with Regards to Metal Scrap Recycling is one of the primary growth factors for the market. Rising Demand for Metal Recycling in Numerous End Use Industries Including Electronic, Building and Construction and Shipbuilding is also expected to contribute significantly to the Metal Waste and Recycling market. Overall, Building & Construction applications of Metal Waste and Recycling, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Equipment Type, such as Shredders, is boosting the Metal Waste and Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Metal Waste and Recycling market identified that the demand is rising in many different parts of the world as "Increasing Scarcity of Rare Earth Metals ". Furthermore, some recent industry insights like "In March 2024, Recyclekaro, a player in e-waste and lithium-ion battery recycling in India, is poised to introduce India's first Plasma Furnace Technology Unit. Plasma Furnace Technology harnesses high-temperature plasma arcs to efficiently extract valuable metals from diverse waste streams." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Metal Waste and Recycling market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Metal Waste and Recycling market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Metal Waste and Recycling market size is calculated using market estimation process, the Metal Waste and Recycling market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Metal Waste and Recycling market size has been validated using both top-down and bottom-up approaches.