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The scrap gold recycling market has seen robust growth, increasing from $13.50 billion in 2023 to $14.73 billion in 2024, with a compound annual growth rate (CAGR) of 9.1%. This historical growth is attributed to fluctuating gold prices, increased environmental regulations, economic downturns that foster recycling incentives, growth in electronic waste generation, rising corporate sustainability initiatives, and a surge in consumer awareness of ethical sourcing practices. The market is expected to continue its strong growth, reaching $21.10 billion by 2028, with a CAGR of 9.4%. This expected growth is driven by evolving consumer preferences toward sustainable products, increasing regulatory pressures for responsible sourcing, rising volumes of electronic waste, growing industrial applications for gold, gold price volatility, and expanding awareness of environmental impacts among businesses. Major trends in the forecast period include technological advancements in recycling processes, improvements in mining methods, adoption of sustainable practices, advancements in electronic waste recycling, and innovation in extraction processes.

The rise in gold prices is expected to enhance the growth of the scrap gold recycling market. Gold prices have increased due to economic uncertainty, inflation, and demand for safe-haven assets. Higher gold prices make recycling more profitable, increasing the supply of recycled gold. The World Gold Council reported that the global gold price rose from $58.72 per gram in January 2022 to $65.47 in January 2024. Therefore, the increase in gold prices is driving growth in the scrap gold recycling market.

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What Are The Key Trends That Influence Scrap Gold Recycling Market Share Analysis?
Major companies operating in the scrap gold recycling market are focusing on adopting innovative approaches, such as the mass balance approach, to verify claims of recycled content. The mass balance approach is used to trace and certify the proportion of recycled or sustainably sourced materials in a product or process. It ensures that the amount of recycled content used corresponds to the amount of recycled material inputted into the system, providing transparency and accountability for sustainability claims. For instance, in April 2024, Heraeus Precious Metals, a Germany-based precious metals industry, launched Circlear to meet the increasing demand for sustainable solutions in the precious metals industry. Circlear features 100% recycled-content precious metals such as gold, silver, and platinum, promoting a circular economy by reducing reliance on primary extraction. Certified by TÜV Süd, Circlear ensures high-quality standards while significantly lowering carbon emissions compared to conventional production methods.

Which Market Players Are Driving Growth In The Scrap Gold Recycling Market?
Major companies operating in the scrap gold recycling market are Glencore plc, Rio Tinto Group, Umicore N.V., Aurubis AG, Teck Resources Limited, Barrick Gold Corporation, Boliden AB, Dillon Gage Inc., Elemetal LLC, Sipi Metals Corporation, Metallix Refining Inc., Gannon & Scott, United Precious Metal Refining Inc., David H. Fell & Company Inc., RPM Industries LLC, Garfield Refining, Gold Refiners LLC, Mid-States Recycling & Refining Inc., Arch Enterprises Inc., Manhattan Gold & Silver, Northern Refineries Inc., Geib Refining Corporation, Republic Metals Corporation, Aurum Metals, Doral Refining Corporation

How Is The Global Scrap Gold Recycling Market Segmented?
1) By Processing Technique: Pyrometallurgical; Hydrometallurgical; Other Processing Techniques
2) By Scrap: New Scrap Metal Recycling; Old Scrap Metal Recycling
3) By Application: Jewelry; Catalysts; Electronics; Batteries; Other Applications

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The Scrap Gold Recycling Global Market Report 2024 provides an overview of the scrap gold recyclingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The scrap gold recycling market forecast analyzes scrap gold recycling market size, scrap gold recycling market share, leading competitor and their market positions.

The Table Of Content For The Scrap Gold Recycling Market Include
1. Scrap Gold Recycling Market Executive Summary
2. Scrap Gold Recycling Market Segments
3. Scrap Gold Recycling Market Size And Template Market Growth Rate
4.  Key Scrap Gold Recycling Market Trends
5. Major Scrap Gold Recycling Market Drivers
……
25. Key Mergers And Acquisitions In The Scrap Gold Recycling Market
26. Top Scrap Gold Recycling Companies
27. Scrap Gold Recycling Market Opportunities And Strategies
28. Scrap Gold Recycling Market, Conclusions And Recommendations
29. Appendix

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